What should I be mindful of when selecting a car?
Be sure to negotiate the best possible price for your desired vehicle, as this will strengthen your application and improve your chances of approval.
Can I get a car loan to purchase a used car?
Yes you can! Jacaranda doesn’t discriminate on what car you’re looking at purchasing. Whether you’re after a new or used car, we could provide you a loan to purchase it.
Can I get pre-approval before purchasing?
No, unfortunately we cannot offer pre-approval car loans. When applying for our car loans you need to let us know what car you’re purchasing and how much can you put towards it.
Pre-approval means you can get your loan before you’ve decided what car you’d like to purchase.
How long will my car loan take to be approved?
Jacaranda offers speedy approvals for car loan applications. You could even get your cash on the same day you apply for a loan. This, however, will depend on when you apply and if we require any additional information.
If we can’t provide you with an outcome on the same day you apply, you’ll most likely be notified if you’ve been approved or not on the next business day.
Can I apply if I’m on Centrelink?
Yes, absolutely! Jacaranda is proud to be able to give all Aussies the fair go they deserve at accessing finance. Of course, we cannot guarantee that your application will be approved, but we will look at your current relationship with money to determine if you can afford the repayments on a car loan.
Can I pay out my loan early?
You sure can! The best part? We won’t charge you an early settlement fee.
We don’t believe you should be punished for being responsible with money and getting on top of your finances.
Is it possible to refinance my car loan?
Yes, Jacaranda can offer car loan refinancing. When you refinance your car loan, you borrow money from a new lender with better terms to pay off your current car loan.
If you’ve reviewed your current car loan and want to lower your repayments and save on fees, you could consider car loan refinancing.