Jump to content
SAU Community

Recommended Posts

Hey two quick. How are you?

Welcome aboard buddy.

Dont ever go for personal finance. Its no good. Interests is just way too high and their service is useless.

Its like having a credit card with 20000 to spend.

You are better off applying for a personal loan at the bank.

A secure loan is easier usually as they attach the loan to the car you are buying.

A unsecure loan is probably better as they dont attach the car to the loan just in case.

Westpac and St George seem to be the most two helpful banks around.

You should have some savings or equity of some sort. if you dont just use your parent and pretends its yours.

If you are young and eager to get a car. maybe you should wait as having a personal loan isnt easy. Monthly payments sound easy but I can promise there will be times you will get caught short due to unforseen things popping up.

Good luck anyway champ.

Minh

Link to comment
https://www.sau.com.au/forums/topic/6899-help-please/#findComment-102581
Share on other sites

I'm with you Minh,

i had SOO many troubles finding a finance company that can "secure" a loan to an imported vehicle.. I went thru AGC in the end, and got $26k :(

Westpac and St George wouldnt give me a $25k unsecured loan... as I'm only 20 and have no savings history. regardless of the fact I can EASILY afford the repayments.. banks are nazi's.

Westpac wouldnt "secure" to an import. and most finance companies wont due to it being a grey import.

My solution. i got TWO loans, one unsecured and one secured. I used the unsecured 10K loan as a deposit for the secured loan. worked FINE.

I also went through a broker here in perth too. so that helped push things in my favour, remember a broker has access to lending products/rates/criteria that the general public doesnt. :(

Short story: Unsecured personal loans for large amounts are hard to get. Get it secured, but good luck finding a company that will do it.

Hope that give you something to think about .

Link to comment
https://www.sau.com.au/forums/topic/6899-help-please/#findComment-102605
Share on other sites

Guest GR33DyMANGO

yer guys id have to agree. ive done a finance degree so know all about banks and their little tricks:)

just get a personal loan. an insurance company wont lend money on an asset where another company has their name on an assets deed first, as the other bank can make a claim before them.

so just get an 'unsecured personal loan.' this means u arent giving the bank any personal guarantee that u can pay the money back. by this i mean u arent saying to the bank 'if i cant pay back this loan then u can sell my car/house etc to recouperate the remainder owing.'

an unsecured loan will attract a slightly higher rate of interest. but thats the cost of having no guarantee that u can pay back the money. on the other hand it'll allow u to get insurance... hopefully:)

hope that helps a little.

Link to comment
https://www.sau.com.au/forums/topic/6899-help-please/#findComment-102634
Share on other sites

going buy yourself to look at the banks and talking to them is the best way. But just keep your head high if they say no. Dont be disapointed. Alot of banks work on funny matrix systems to allow or not allow you to borrow their money.

The other option which is probably the easier and best one is to go and see a broker who for a small fee will know exactly where to go and look and most likely he would have an established relationship with a few banks of his choice already.

He will do all the chasing for you.

If you decide to go to the bank by yourself. You dont have to say the loan is for a car. As banks know car loans arent that good for them especially imports if it is a secure loan.

Just tell them you want to renovate your parents house that you are currently living at.

Link to comment
https://www.sau.com.au/forums/topic/6899-help-please/#findComment-102638
Share on other sites

Guest Boxhead

this might be a bit off track, but i would like to add that st george have very good customer service, i payed some fines one afternoon about 2pm with musm debit card, this is visa but like a key card, money has to be in there...

and that mornin mum paid 2 of her bills..

at about 3:30 pm st george called askin wether they were ligit incase card was missin.. thats pretty good service too me.

Link to comment
https://www.sau.com.au/forums/topic/6899-help-please/#findComment-102683
Share on other sites

  Quote
Originally posted by R31 Skyline Chick

My advice:

Don't apply for a car loan

Apply for a personal loan.....

what you do with the money is your own business. :)

  Quote
Originally posted by DR GTR

You dont have to say the loan is for a car. As banks know car loans arent that good for them especially imports if it is a secure loan.

It's the only way to go

If you apply for a car loan, the bank will make you get full comp insurance.

With your age, and the fact that you want an import car, it will cost you a fortune in insurance.

Personal loan.

Then you can have a little bit of $$$ left over for any mods or anything else you need for the car.:)

Link to comment
https://www.sau.com.au/forums/topic/6899-help-please/#findComment-102775
Share on other sites

  Quote
Originally posted by R31 Skyline Chick

It's the only way to go

If you apply for a car loan, the bank will make you get full comp insurance.

With your age, and the fact that you want an import car, it will cost you a fortune in insurance.

Personal loan.

Then you can have a little bit of $$$ left over for any mods or anything else you need for the car.:)

sneaky sneaky heheheh . But as the r31 chick says "only way to go" :)

Link to comment
https://www.sau.com.au/forums/topic/6899-help-please/#findComment-102806
Share on other sites

  Quote
Originally posted by RONIN

Strich9ine: that's odd mate. I got a persoanl loan for my car through St George. They gave me $25K and I was 19 at the time :)  

It must have been because I bank with them but I can't be sure.

Yep thats part of their matrix system. If you are an existing member of st george it always helps in getting a loan off them.

Link to comment
https://www.sau.com.au/forums/topic/6899-help-please/#findComment-102808
Share on other sites

  Quote
Originally posted by twoquik

how could i get a personal loan without saying its for a car though???

They wont officially go out of their way to ask you what the loan is for but the question will be asked on the form or by the bank lender.

Just say renovations or consolidating debt.

Link to comment
https://www.sau.com.au/forums/topic/6899-help-please/#findComment-103368
Share on other sites

I went for a unsecured loan with National. Very easy took less than three days to complete.

The only wanted three pay slips and asked me what I was buying with the money.

The catch was they wanted the car FULLY insured.

I even haggled them on the interest rate and got it down a few points.

Link to comment
https://www.sau.com.au/forums/topic/6899-help-please/#findComment-103375
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


  • Similar Content

  • Latest Posts

    • Seat of the pants assessment of the new intake: The car is way less "doughy" when hitting the loud pedal, especially off idle when stopped or in traffic, I did use a cheapo lazer thermal thingo to measure the temp around where the pod filter got its air, it was between 55 - 60°C, in saying this the car was shut off and not moving, so the OEM intake pipe was not supplying any fresh air to where the pod was when the car was at least moving A weird bonus was induction noise on the throttle in the cabin increased a bit,  I was worried that I was actually going to lose some of that induction noise I love so much, outside though, when I got the daughter to do a WOT drive by pass for me, the induction noise has increased alot when on the throttle, not quite ITB doort, but well up there I'm extremely happy with the results and have been exploring the country roads in the region  As for house mods: 1.New front fence is up and is awesome, it really upgraded how the joint looks from the street, and the added security is nice 2. Electricians have replace some interior lights, and with more lighting in the garage, a few new motion detecting lights out the front above the garage, front room, and at the front door, which I have already found heaps helpful coming and going, also now has fancy pants CCTV all round the house The only hold point for power though is the solar and batteries due to supply issues, although this will happen over the next few weeks 3. I have done a heap of landscaping out the front and I'm almost ready to do a new small retaining wall with some nice blocks to replace the brick and cemented in rocks around the raised garden beds cemented in river stone "was the fashion at the time" the house was built. I currently have a pallet of retaining wall blocks and 2 bulka bags of 20mm blue metal to replace the wood chip that is in the raised garden beds around the house 4. I now have 3 big raised garden beds for out the back to grow some vegetables, about 70cm high, 200cm long and 100cm wide 5. My 2 compost bins are already pretty full with brown, green and kitchen waste from the landscaping I'vedone so far, but they will probably take a few months to break down, so anything else that gets chopped, trimmed, and kitchen waste will just start filling the base of the raised garden beds to about 30cm before I start throwing 40cm of good compost, and stuff, for the vegetables to grow in, I'll need a few ton of compost and soil, but the local supplier can sent me bulka bags of the stuff Basically the logs, wood chips and a few strategically placed rocks for drainage, will give the beds some good organic materials down low to break down over time, and they will hold moisture during the warmer months to save the water in my big arse water tank if we don't get alot of rain So, all in all, the car and house mods are going well, and I'm really enjoying being retired, I sleep in too 0700 and slowly plod around inside until I feel like actually doing anything, and only work in the yard for as long as want, which has actually been alot over the last few weeks,  although when you look at it, it seems that not a huge amount of work has been done,  until I look at the before I started the work pics Happy days and good times indeed 
    • hahaha yeah. Plan is to get side skirts and probably just rear pods. But going to do them one-by-one. I've got a set that I really like from RHDJapen, but that one isn't shipped to AU. So need to find someone who can get it for me
    • Here's an idea, answer the questions I asked you as they are trying to work out WHY the LSD will be binding up in a straight line.
    • You haven't driven many modern cars then have you? Most of them have sfa steering feel with their stupid electric bullshit steering systems.
×
×
  • Create New...