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Get A Car On Finance With Jacaranda
March 9, 2020● 8 minute read●
Written by - Jacaranda Team
Car loans made easy
Ready to get behind the wheels of a shiny new car but don’t have all the funds upfront to buy one? Jacaranda is here to help! We are your online lender of choice: We can offer you a loan to get a car on finance which may be the best way to get you moving in no time. Our car loans range from $5,000 to $35,000 with repayment terms from 1 to 5 years. And the best part: You won’t have to leave the comfort of your home. Our car loans are completely online-based. Most people fill in the application form in a few minutes. If you apply during our business hours, you may get your outcome in as little as 60 minutes!
Why get a car on finance?
There are multiple reasons to get a car on finance. First of all, you may find yourself in a spot where you need a car as soon as possible but your bank account doesn’t cover the costs of the car you want. However, even if you can afford paying the full amount, it could be financially sensible to spread out payments rather than paying the full amount at once. You may want to keep some of your savings or invest parts of the money in the meantime. It may even grow more than your interest rate costs.
The Jacaranda way of lending
Finding the right lender to get a car on finance can be a challenge. While there are so many on the market, it’s hard to know who’s best. Really, you should look for the best rates and the best service. So what can we offer? At Jacaranda, we want to make sure you get the best lending experience possible.
We believe in the concept of responsible lending: While we want to offer loans to as many Australians as possible, we also want to make sure that you don’t get into financial trouble. We won’t lend you money that we think you may not be able to repay.
100% online service
Think about the irony of having to drive somewhere to get a car loan… We won’t make you do that. Our services are completely online. You can fill in the application at any time of the day from anywhere in Australia. But don’t worry, our customer service is virtually by your side whenever you need a helping hand. It’s super easy. You can message us on our contact page or even give us a call if needed.
Some loans sound too good to be true and once you start repaying, you realise your fees are much higher than initially thought. One lender like that can ruin a whole industry reputation. That’s why it’s important to us that you understand the fine print before you sign your car loan contract. All costs and fees will be stated there or on our costs page. Please make sure you read it thoroughly before you set your signature.
What loans does Jacaranda offer?
At Jacaranda, we cater for every need. Our car loans range from $5,000 to $35,000 and can be repaid over a period between 1 and 5 years. There are two different approaches to getting a car on finance: You can either see how much money you can borrow in the first place and let that determine which car model you would go for. Or you could choose the car you want and then see how you could make it work with a loan. Both ways will work towards letting you hit the road as soon as possible, so that’s up to you.
Who can get a car on finance?
If you are wondering if you are eligible for a car loan with Jacaranda, then you are in the right place. We do our best to offer car loans that cater to a wide range of personal circumstances. Do you receive a small pension but would like to start driving again? We may be able to help with a car loan for pensioners. Your bad credit rating has kept you from applying for a loan? We may be able to help. Lenders have rejected you because you receive Centrelink payments? Jacaranda has got your back! But we do need you to meet a few simple requirements first:
- Are you at least 18 years old?
- Do you have a driver’s license?
- Have you had a regular income into a personal bank account for the last 3 months?
- Do you have a mobile phone and an email address?
If you said “yes” to all of the above, you may be the perfect candidate to apply for a car on finance with Jacaranda. Let’s go!
How to get a car on finance?
First things first: Taking on debt to afford a car is a big decision and you should think about your current financial situation and the commitment you are taking on. If you feel ready to apply for a loan, let us tell you how it works. The whole application is online, the process is fairly easy. Most people submit their application within a few minutes and can get an outcome in as little as 60 minutes (if they apply during our business hours). However, we assess every case individually to ensure that we offer you the best loan possible for your financial situation. So it can take a little longer if the circumstances demand it.
Step one: Apply online.
Select the loan amount and loan term from our loan calculator at the top of this page. Once you are happy, click “Apply Now” and we will take you through the application form. The questions should be self-explanatory but if you struggle at any time, you can give our customer service team a call. Otherwise, once you hit submit you can sit back and relax.
Step two: Wait for your assessment.
It shouldn’t take long. If you apply during our business hours, you may receive your outcome in as little 60 minutes. Our team will access a read-only copy of your bank statements and check your spending habits and relationship with money. We will be in touch if your application left any questions open or if we need any supporting documents.
Step three: Become a car owner.
If we can offer you a loan, great! We will send you a car loan contract to read (and we ask you to do that thoroughly) and sign. Once we get the contract back, you are good to go. We will send you your funds as soon as possible and you can go after your dream car in no time!
How much do I owe?
Your repayment rates are dependent on your loan amount and the interest over time. If you choose to borrow money for a longer repayment term, you obviously pay more interest. So if you want to save money, you should choose the shortest loan term that allows you to repay comfortably.
If you want to work out payment rates before you apply, check out our car loan calculator at the top of this page. It allows you to play around with loan options to see what works best for your personal budget.
Repaying your loan
While it can be hard to figure out initially what’s right for you, repayments are super easy. Once you’ve decided on a loan amount, the loan term and repayment frequency (weekly, fortnightly or monthly), we set up your repayments once. From then, they will be debited directly from your bank account, convenient and easy. The only thing you have to think about is to ensure you’ve got enough money on your account.
What if I forget a payment?
With a setup repayment schedule, you don’t have to worry about making payments – it’s done automatically for you! While we recommend that you decide on a payment rate that is comfortable and easy to afford, we know your personal situation can change. If this is the case, we ask you to be in touch with us as quickly as possible. We may be able to arrange a short term solution that works well for both sides. However, if we don’t hear from you, we may have to charge a penalty fee for your missed payment.
Can I get a car on finance if I receive Centrelink payments?
Yes, you can. Getting a car on finance shouldn’t fall through because you find yourself in a difficult personal situation. There are various reasons to receive Government benefits and mostly, they don’t reflect your relationship with money. Therefore, we want to give everyone a fair go. We mostly care that you receive a consistent stream of income to your online banking account, just like Centrelink payments. That’s why we treat them like any other income. We highly encourage you to apply for a car loan if you receive Centrelink payments and are eligible to apply.
Note: We cannot offer loans to people on temporary benefits such as Newstart Allowance
Do you perform a credit check?
Yes, we do. But it’s no reason to worry. While we do check your credit history, we won’t base your outcome purely on that. We know one mistake from the past can affect a large part of your financial future. And it doesn’t always reflect your current relationship with money. That’s why we have a look at your financial habits from all angles. We want to ensure a loan is suitable and affordable for you.
Why do you ask for my bank details?
We need access to a read-only version of your bank statements for our assessment. We use the newest and best safe banking technology to ensure your data is safe with us. Technology enables us to assess everything as quickly as possible. That’s why you can receive an outcome within 60 minutes if you apply during our business hours. Awesome, right?
What happens if I have a problem?
In this case, we have an exceptionally friendly customer service team to help you with any questions you may have. If you struggle during the application process, our team is ready to troubleshoot. While we can take applications over the phone, it is necessary that you fill in the details yourself.
You can give us a call on 1300 189 823 during our business hours or send us a message any time of the day.
Our business hours are:
|Monday to Thursday||8 am to 6 pm|
|Friday||8 am to 4 pm|
|Saturday||8 am to 12 pm|
Are you ready to get your car on finance? With many lenders, it’s a long process and a lot of paperwork to get your car loan ready. Not with us! We offer you a lean service package that is tailored to your personal needs. If you have any further questions regarding your car on finance, don’t be shy! We are happy to help.
Get the low down on car loans Australia with Jacaranda!
Written by Jacaranda Team