For many Aussies, buying a car becomes a necessity at some point. Busy schedules and demanding lifestyles can make it difficult to get from A to B without your own private mode of transport. It’s rare to find that you can afford the car you want straight out of your pocket, which is understandable. The likelihood is that you’ll have to apply for auto finance in Brisbane or wherever in the country you’re based.
While it can be a straightforward process, there are a few ways you can prepare yourself ahead of time. One of them is by keeping the necessary documents handy while you apply. Not sure what these are? Then this article is for you.
Document #1: Some Form Of Official Identification
As is to be expected with all serious correspondence, it’s important for the lender to know that you are who you say you are. Your valid driver’s licence or any other form of official ID, like a passport, are necessary to this effect.
Document #2: Proof Of Residence
In addition to verifying your identity, your address is a crucial piece of information. Use your latest electricity bill, rates notice or something similar.
Document #3: A Payslip Or Bank Statement Detailing Your Income
A responsible financer will double check that you have an active income that you can make repayments from every month. This prevents issues like non-payment or late payment because they have confirmation relating to if and when you can make regular payments.
Document #4: Your Credit Record & Financial History
Your existing relationship with money and debt will inform the decision to grant or deny your application. This vetting process exists to ensure that you don’t take on a loan you can’t afford. As exposed as you may feel, it helps to ensure that you can manage the cost of taking out the finance.
Document #5: An Insurance Policy For The Car
Remember that a financer is taking a risk by buying a car on your behalf. You need to make sure that you have sufficient insurance that can repair or replace it in the event of an accident or any other emergency. This protects both your interests and those of your lender.
Apply For Auto Finance In Brisbane Online
In the past, it took much longer to apply for the funds needed to buy a car. Fortunately, the future is now, and iCredit is at the forefront of modern financial services. Apply online for auto finance in Brisbane or call 1300 350 118 to chat to a consultant.