Adelaide Car Finance | Approved Car Loans
Car Loans Adelaide
With an office just outside Adelaide CBD in Wayville, Approved Car Loans have been assisting people in Adelaide to secure car finance for many years.
While public transport options are available in Adelaide, driving is the preferred mode of transportation. Nearly 80% of the Adelaide population use a car to travel to work, the highest of any major Australian city.
Having your own vehicle, allows you to travel freely between popular metropolitan locations within Adelaide such as Glenelg, Henley Beach, North Adelaide and Norwood. A car also makes it much easier to reach areas further outside the city, including the Adelaide Hills, McLaren Vale and Victor Harbour. These destinations can be difficult to access through public transport.
As well as providing car finance to people in Adelaide, Approved Car Loans can also work with those in regional areas of South Australia. If you’re looking for car finance in Mount Gambier, Whyalla, Gawler or other regional locations, speak to our team who can assist with your application.
How does car finance in Adelaide work?
A car loan allows you to borrow money to purchase a new car and make repayments over an agreed time period. This will generally be somewhere between 12 and 84 months. The borrower will make weekly, fortnightly or monthly payments to repay the principal amount borrowed, as well as an agreed upon interest rate.
When you are ready to purchase the car, the lender will transfer the funds directly to the seller (either private or dealer sale).
In order to qualify for car finance in Adelaide, you will need to provide documentation, which may include payslips, bank statements and tax returns to help lenders assess your financial circumstances and determine how much you can borrow on your loan. When you apply, we will contact you to advise what income evidence you need to provide.
Lenders will also look at your credit score when applying for a car loan. We work with both consumer and commercial customers.
Calculating Your Repayments
Before applying for a car loan, it may help to get an idea of how much you can afford to borrow. Using our car loan repayment calculator, you can quickly get an idea of how much you can borrow and the regular repayments associated with that amount.
You can try our car loan calculator here but it is also recommended that you speak to our team, who can give you a more accurate repayment figure, taking into consideration your full circumstances.
How To Apply
Applying for a car loan is very simple. You will need to fill out a short application form on our website here. This only takes a few minutes to complete. Once you apply, we will be able to connect you with one of our expert brokers in Adelaide who will assist with your application.
The broker will make the entire process of securing car finance as easy as possible for you. And because Approved Car Loans can provide you with lending solutions from over 50 of Australia’s top lenders, we can help you find the best rate.
Even if you’re not sure which car you want to buy yet, it’s not too early to apply. You can begin by applying for pre-approval on a car loan which allows you to go into the car buying process knowing exactly how much you can afford.
The entire process can be completed online and over the phone or you can visit our Wayville office, conveniently located just outside the CBD at 1/28 Greenhill Road. If you would like to speak to our team, you can call us on 08 7078 5390.