#car loans australia
Multiple Car Finance Options Available
Positive Lending Solutions offer car finance tailored to your needs from a range of Australia’s top Banks and lenders. We can provide motor finance for most vehicle transactions from the simple to the complex. We act as your own personal specialist to help structure your car loan to your needs.
We give you advice every step of the way, gaining competitive rates from Australia s top banks and lenders. We can finance all different types of vehicles ranging from Family Cars, Utility Vehicles, Sports Cars, Small and Large Trucks, Vans, Luxury Vehicles. Whether you’re looking at a car loan for personal or business use, we can help.
A Chattel Mortgage is a commercial finance product where the customer takes ownership of the vehicle (chattel) at the time of purchase.
How does a Chattel mortgage work?
Under a Chattel Mortgage the financier advances funds to the customer to purchase a vehicle, and the customer takes ownership of the vehicle (chattel) at the time of purchase. The financier then takes a mortgage over the vehicle as security for the loan, by registering a Fixed and Floating Charge with ASIC. Once the contract is completed, the charge is removed giving the customer clear title to the vehicle.
Under a fully maintained novated lease arrangement, a fleet management company packages all the running expenses up into one monthly car lease payment. The fleet management company will collect the monthly car lease payment and distribute the funds to the third party providers on your behalf (ie fuel provider, maintenance provider).
If You Have Had:
- Paid or Unpaid Defaults
- Discharged from Bankruptcy
- Unpaid Bills
- Late loan payments or previous financial difficulties.
Second chance car finance is a specialty lending area within the finance industry. Our experienced financial consultants conduct a thorough pre-assessment on your loan application before submitting it to the lender.
Lenders that operate in this area of finance will require extra documentation upfront, compared to a standard consumer car loan. Second Chance Car Loan applicants will need ton supply 3 months bank statements, pay slips, I.D. and other verification documents before a car loan assessment can be conducted.
Although the loan is secured against your car, the interest rate for second chance car finance and car loans will be higher than a standard consumer car loan or vehicle finance. This is to compensate for the higher level of risk involved when lending money in this market segment.
We specialise in Bad Credit Car Loans to help you get your credit history back on track. Positive lending Solutions consultants specialise in sourcing the right loan for customers who deserve a second chance.