Discharged bankrupt car loans
Understanding what it means to be discharged from bankruptcy will smoothen your car loan application process. This basically means you have been released from all responsibility from existing debts for a period of 12 months or more. This will allow you to apply for a discharged bankrupt car loan, or a bad credit loan even […]
Fixed Rate Car Loan
Fixed rate car loans are among the most common type of car finance on the market. With this type of loan, the interest rate is set at the start of the term and remains unchanged throughout. This means your monthly repayments stay the same regardless of market fluctuations, giving you certainty and making budgeting easier. […]
Car Loan with Part IX Debt Agreement
If you feel trapped by bad debt, you may have already heard about Part IX Debt Agreements (or “Part 9 Debt Agreements.”) Taking out a Part IX Debt Agreement is seen as an alternative to declaring bankruptcy. These agreements are often presented as a debt consolidation product, offering an “easy way out” and “one easy […]
Low Doc Car Loans
A low doc car loan is a type of commercial car finance tailored for applicants who can’t provide the usual full financial documentation – typically self-employed individuals, sole traders or business owners with non-traditional income verification. Functionally the same as a chattel mortgage loan, the loan is secured against the car and requires that it […]
Student Car Loans
For many students, owning a car is essential for balancing studies, work and social life – but buying one while still studying isn’t always easy. If your savings won’t cover it, a car loan could be the solution. While there aren’t loans specifically for students, you could be approved for a standard car loan, provided you meet the […]
How to Get a Car Loan: Explained
How to get a car loan with Savvy: the step-by-step process Fill out our simple online application form first and foremost, tell us about the size of the loan and how many years you’re after. We’ll then ask you some information about yourself, including your income, residency, employment and credit score. Verify your account to […]
Salary Sacrifice To Buy A Car
Salary packaging, also referred to as salary sacrifice, is a popular employee benefit scheme in Australia that allows employees to receive certain components of their salary in the form of non-cash benefits, such as cars, laptops or additional superannuation contributions. One of the most common forms of salary packaging is novated leasing, which allows employees […]
Car Loans for Temporary Visa Holders
Getting a car loan as a temporary resident in Australia can be challenging, but it may be possible with the right lender. While many will only accept applications from Australian citizens and permanent residents, others are open to working with temporary visa holders who meet their criteria. Navigating the process can be complex, but Savvy’s […]
Secured Car Loans
Secured car loans are the go-to option if you need to borrow money to purchase a vehicle. By tying the loan to your car, you can access more competitive rates and improve your chances of approval – making it an attractive choice for borrowers across Australia. If you are looking for a secured car loan, […]
What is Negative Equity on a Car Loan?
Negative equity – sometimes called being upside down on your loan – happens when your car is worth less than the amount you still owe on it. This can leave you out of pocket if you want to sell, trade in or refinance your car before the loan is paid off. In this guide, we’ll […]
5-Year Car Loans
When it comes to financing a car purchase, five years is one of the most common term lengths for a loan. This is partly because shorter terms of one to three years offer the lowest interest spend but the highest repayments, while longer terms up to seven years come with the lowest repayments but the […]
Private Sale Car Loans
Buying a car from a private seller can often mean a better deal – and you can still finance it with a car loan. There might be a few extra checks involved, but the process is straightforward with the right support. Savvy can help you compare competitive used car loans from over 40 lenders to […]