Get a great deal on your home loan from expert advise at LeMerit Finance.

Car & Asset Finance

Make your dream car coming true, contact us for a quote, and let us help you.

 

Q1. Am I qualified for a car loan?

To apply for a car loan, you must be

• 18 years or older,

• An Australia Resident

• Earing regular income,

• Able to meet the repayments

• Looking to borrow more than $5,000

Speaking to us for a quote on your car loan.

Q2. How much interest rate, is fixed or variable?

It is only fixed rate option for car loan repayments.

 

Q3. If I am self-employed, can I still have car loan?

Self-employed applicant is still qualified for car loan as long as you can provide recent personal tax return.

 

Q4. Can I buy second hand vehicle with car loan?

Yes, but lenders may give below restrictions,

• 100% borrowing is not available

• Private sale may not available

• Car age is less than 5 years old

Q5. Can I borrow 100% of car price?

For new car, lenders can consider 100% borrowing for you. However, if the car is second hand or demo, lender may reduce to 90% or 80 % subject to car conditions.

 

Q6. Are there any fees involved in getting car loan?

Yes, there may be some fees involved, including:

• Lender application fee

• Origination fee

• Vehicle inspection fee (for private purchases)

• Monthly account fees