Personal Vehicle Finance

We can finance any vehicle you are looking to purchase for your individuals around Australia. These include but are not limited to: Coupes, SUVs, Sedans, Wagons, Hatchbacks, Luxury Vehicles, Classic Vehicles and much more. Please know that no matter what car you are looking to purchase we will have the perfect vehicle finance solution for you.

We pride ourselves on making vehicle finance hassle free with as minimal paperwork as possible. Every finance application is unique to us and that’s starts with getting to know you and your needs. Simply give our specialists a call on 1300 842 911 and they will have a five-minute phone call to run you through the strategy for your approval and the key items we will need. The best part is due to our experience will be able to give you a good estimate of what kinds of rates and repayments will be over the phone in our introductory call.

Please don’t feel that you will need to give us a mountain of information. We strategically know exactly how to secure your car finance approval with only the key important items required.

Absolutely not! Yakka Finance has access to a wide variety of low documentation finance offers that the major banks and other financiers offer us to secure your approval. Please don’t feel like you must provide us with a lot of information to secure your finance approval. When we speak to you over the phone, we will know exactly what key items to obtain from you to secure your finance approval. It might surprise you on how little information we need. Often, we just require your last two to four payslips from your employer.

Low Doc Car Finance means we only need a very small amount of documentation to secure your finance approval. Most of the time we require 4 weeks’ worth of payslips. Our specialists can run you through how easy it is to secure a Low Doc Car Finance approval over the phone in 5 minutes. Feel free to call us on 1300 842 911 to find out how little documentation we need for your car loan approval.

You can borrow as much as you need for the full purchase of the car of your choice. For Vehicle purchases this is normally from $7,000 up to $500,000. Some banks and lenders will require deposits whilst others won’t. We will find out exactly what you’re purchasing and walk you through the strategy of what is required on your car finance depending on your total loan amount.

This is a very common question that is always essential to ask. We love this question as we have managed to secure market leading interest rates that start from 3.50% for brand new vehicle purchases.

The only way we have so many loyal customers is our service is great and we can secure market leading interest rates.

The big advantage for you is because of the volumes of vehicles we finance and the quality of our application submissions we are offered preferential interest rates from the banks and lenders that not all finance brokerages are able to secure.

There are many factors that can influence the interest rate on the car you have decided to purchase.

Here are some key considerations that can influence the interest rate:

• How long you have been employed for? (E.g., Full Time Employee, Casual, Retired)
• If you are purchasing your vehicle from a Licensed Card Dealership or a vehicle from a Private Seller
• What the specific year build the vehicle is. For example, a brand-new car would secure a much lower interest rate compared to a car that is much older with a 2003-year build.
• If you or your spouse is a Property Owner or if you are currently renting
• Your total car loan amount. The higher the car loan amount can often result in a lower interest rate.
• If you have had a car loan before and if your repayment history has been good or bad
• If you have a clean credit file or a credit file with a low score

We can usually obtain a finance approval within 24 – 48 hours of receiving all your details. Let us know your timeframe and we will work with you to get the car approved and settled with the most appropriate lender due to the time you are needing your new vehicle by.

The average car loan term is between 3-7 years (36 to 84 months). The choice of loan term is ultimately your choice. The shorter the term would result in a higher monthly repayment as you are paying the loan off on a shorter loan period. If you every want to play around with what Loan Term works for you on your vehicle. Have a play with our easy-to-use Car Finance Calculator – https://yakkafinance.com.au/finance-calculator/

A balloon payment is a lump sum which is owed to the lender at the very end of your loan term, after all your regular monthly repayments have been made. It allows you to repay only part of the principal amount of your car loan over the term you request. The reason for having a Balloon Payment is that it allows you to lower your monthly repayments for cashflow purposes.

When it comes to end of your contract, and you still have your Balloon Payment to deal with. It is easy to refinance your balloon payment at the end of your loan. Alternatively, you can trade the car in for a new car or sell your vehicle to another party which if structured correctly should be more than the balloon payment you owe.

It is completely your choice whether you want a balloon payment in your loan structure to reduce your monthly repayments or not. We can workshop this with you to make sure the repayments suits you.

You need to be careful when financing vehicles through a car dealership. Historically they do not always have the best reputation. Now were not saying this is for every car dealership only some of them offer a good service but the majority don’t. We have caught out so many car dealerships in the past who have said to our customer the car loan interest rate is 4% and once we had checked the loan structure for our customer the interest rate was in fact 10%. Our advice is if you have received a finance quote or even a finance approval from a car dealership, please let us check it for you. More than likely, we will have a better finance solution for you. However, if you are getting a good deal from the car dealership we will also honestly tell you that.

Yes, financing a vehicle from a Private Seller is very common and we do these types of transactions all the time. We know that people love finding a great deal on purchasing a vehicle privately. We will handle the whole entire sale process with the private seller for you and arrange for them to get paid by the bank or financier correctly. This process is very streamlined for us, and we only require the agreed price you have negotiated with the private seller. We will handle the whole entire process from there.

It’s generally recommended to make sure you are happy with the car you are buying especially if you are purchasing through a private seller. When it comes to Private Sales finance companies will require a third-party finance inspection on the vehicle to make sure the vehicle’s asset identifiers (VIN Number & Engine Number) matches the Registration papers and the Tax Invoice.

We simply will book a Vehicle Finance Inspection company to take photos of the Front, Back, Sides, Odometer and Compliance Plate of the vehicle to make sure it all matches your loan documents, registration papers and Tax Invoice.

We also complete a PPSR search on the vehicle to make sure the vehicle is not a write off or has been stolen. You are welcome to also do a mechanical inspection of the vehicle (at additional costs) to make sure the vehicle is mechanically sound just to make sure you are completely comfortable on moving ahead with the car purchase. As an additional service, we are also able to book in mechanical inspections for you.

Yes! Whether it is new, used and even demo vehicles we offer tailored finance solutions for all age vehicles and have a wide variety of banks and lenders that will comfortably finance used vehicles. You tell us what car you would like to purchase. We will then match that vehicle with the most appropriate bank or lender for you.

This is one of our favourite things to do. Yakka Finance has access to the most cost-effective interest rates in the market for car loans. So given the opportunity to beat your current rate is something we take a lot of pride in doing.

If we can’t beat your interest rate that means you are getting a fantastic rate for your vehicle purchase. We will give you true and honest feedback once we have a look at what vehicle you are purchasing, your current repayments. Given the opportunity we won’t let you down on securing the right approval for you.

Yes, you are more than welcome to make extra repayments off your car loan. It’s a good overall strategy to reduce the amount of interest paid on your vehicle. It can sometimes be best hold on to your savings and pay off the vehicle loan in the last 1-2 years of your contract.

Yes, we can arrange Car Insurance for you as we have access to experienced insurance providers that will give you the right advice when it comes to insurance.

Yes, we have a large variety of banks that will give you a car loan approval without having to put your own cash savings into the vehicle purchase and it won’t affect your interest rate in most scenarios. Our most common car loan is with no deposit required.

Yes, we secure car loan approvals for Low Credit Score applicants. We are comfortable on getting your car loans approved with a low Credit Score. We fully understand that what happens in the past doesn’t dictate necessarily where you are now. With most of our clients if they get a Credit Default on their Credit file there is normally a good reason behind the credit default and why it’s there.

Some of our customers are just unlucky with missing the payment of Energy Bills when they change their residential address or have had a dispute over a phone bill where they were charged to much by their phone provider. These are all very common and banks have a good understanding of this.

We always get an understanding of why your Credit Score is below the average and then effectively communicate to the appropriate bank as to why it is lower. Please have comfort that we know how to communicate correctly to the right banks or lenders on the story on the Credit Score and/or Credit Default to get your car loan approved. In addition, we have a great external team we utilise to lift the Credit Default off your file and lift your credit score for you.

Although we are happy for you to go to your bank to obtain your Vehicle Finance, we know that it almost always doesn’t deliver the same outcome to you. We know our process compared to a banks process is completely different and we pride ourselves on it. Here are some key reasons as to why we are better than a bank for your car loan approval:

• You could end up going to the wrong bank who would charge you a higher interest rate and make you jump through a lot more administration hoops just to secure a simple Car Finance approval.
• We know the banking landscape extremely well and once we get an understanding of your personal requirements and what car you are purchasing; we will then take you to the most appropriate bank to secure your finance approval with ease.
• One bank will have a better interest rate than another bank depending on what car you are purchasing at different times of the year. We know exactly which specific banks to go to at certain times of the year on different vehicles.
• Don’t waste a credit enquiry on your credit file. When we submit your car loan for an approval, we know it’s going to be approved. This keeps your Credit File Scores strong as every credit enquiry results in a finance approval.
• You will spend a lot more of your own time and efforts putting an application together from the bank and have no idea if you will get an approval. When we go to a bank, we are already 99% sure they will approve your car loan.
• With Yakka you will always have one point of contact for every vehicle purchase you do. Bank Managers are always changing roles in the banks. You might have a great bank manager for one year and then they move on, and you have to build a new relationship with another bank manager that might not understand your situation. At Yakka Finance we are not going anywhere and are here to have a strong relationship with you long-term!