Your Finance Questions | FAQ's

The answers to frequently asked finance questions.

When considering financing a vehicle there may be a number of finance questions that you may have.  If you can't answer all your finance questions here please don't hesitate to contact us.  Our friendly and experienced AAA staff will be able to answer all of your finance questions.  Call today or enquire online.

Q. How do I apply for finance?

A. It’s easy! Either give one of our experienced staff a call on (07) 5493 1222.  Or complete the Quick Loan Enquiry form.  You can even get a pre-approved loan.

Q. What happens after I apply for finance?

A. We will get you the best deal from our range of lenders. We then contact you, discuss the details, request any supporting documentation required by the lender (such as payslips, drivers license) and proceed to finalise your loan application.

Q. What happens after my finance is approved?

A. We will contact you to get your finance documents signed and we arrange payment of your vehicle. You are then able to collect your new purchase!

Q. Can AAA Finance and Insurance get me the best interest rate available?

A. Yes. We have a broad range of lenders and present your application to those that will be best suited to your individual circumstances ensuring that you get the most competitive interest rate available for you.

Q. How long will it take to get my loan approved?

A. Most loans are approved within 24 hours.

Q. Can I get a loan if I want to buy a vehicle privately?

A. Yes. We arrange loans for new and used vehicles purchased from private individuals or dealers.

Q. Can I get a pre approved loan before I find a vehicle?

A. Yes. Pre approved loans are a great way to ensure that you know your budget and future repayments before deciding on a vehicle. It can also help you negotiate a better deal!

Q. I am self employed. Can I still get a loan?

A. Yes. We are very experienced in arranging No Doc Loans and Low Doc Loans for those who are self employed.

Q. I have a bad credit rating. Can I still get a loan?

A. Yes. AAA Finance and Insurance will work hard for you to ensure the best loan outcome. We have specialist lenders that can help you get a loan and improve your credit rating.

Q. Are my details and privacy protected?

A. Yes. Our privacy policy ensures that we will use your information ONLY to get your loan approved.

Q. What term can my loan be spread over?

A. We finance loans from 1 to 7 years.

Q. What documents will I need to get a loan?

A. You will need to provide documents that prove who you are and where you live (drivers license, passport, birth certificate, rates notice, rental agreement) and confirm employment and salary (pay slips, bank statements).

Q. What is a balloon payment?

A. A balloon payment is a lump sum payment usually paid at the end of the loan term. It reduces the repayment figure throughout the term of the loan. Not all of the principle of the loan is paid off during the loan resulting in a balloon payment at the end the loan term. The balloon amount can either be paid off in full at the end of the loan or refinanced.

Q. Are there any loan application costs?

A. There are no costs to apply for a loan.
Once your loan is approved there is a one off broker fee to cover our costs. This cost is incorporated into your loan repayments.

Q. What are my chances of getting a loan?

A. Finance companies take into consideration your credit history, deposit amount, assets and liabilities, work history and salary. Our experienced staff will ask you questions regarding your individual circumstances and finance history.  We will work hard to ensure that you get a loan approval with the best possible terms.

Q. Where is AAA Finance and Insurance located?

We have offices located on the Sunshine Coast, Brisbane, Hervey Bay and Rockhampton.  We service South East Queensland and beyond.

Q. How do I get a car loan?

Call one of experienced car loan experts for an easy 5 minute car loan application.  Most loans are approved within 24 hours.

Do you have more finance questions?

If you have any more finance questions please don’t hesitate to call our experienced AAA Finance and Insurance Experts on (07) 5493 1222.

or

Complete our Contact Us form.  Please ask your finance questions and one of experience and friendly staff will contact you shortly.