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Car

Answered 4 years ago

Single parent and needing to purchase a car, what would be best way for this?

My bank has already denied application for personal loan and due to location a car is a necessity

Please no rude or judgemental comments


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ANSWER
4 years ago
why did they deny your loan? Whats your income? how much was the car?

ANSWER
4 years ago
I got a loan from Money3 with CL & CS as my only income. Do your research as some companies will get you with a ridiculous interest rate!

Replies

REPLY
4 years ago
👍

ANSWER
4 years ago
Do your research. Make sure you haven’t used zip pay or after pay recently. If you have, you won’t get finance for 6 months after the last time you used one of these services.
If you are working & get Centrelink, if your Centrelink is more than your wage, the maximum amount of finance you will be able to get is $8,000.
Try to save as much as you can before getting a loan. Please check the interest rate, as some lenders like Money3 etc will have very high interest rates.
It’s tough to get approved at the moment. Best of luck

ANSWER
4 years ago
No idea i was turned down for internet based on being single parent and their rating said i have 0 credit score which is false. The problem is if you have only one income they can easily say no.

ANSWER
4 years ago
Buy a cheapie. Cosy up to a mechanic. They may know about something through the business or in my experience they have loads of car people friends that might have something.

ANSWER
4 years ago
NIL loans