News

Speak to a Broker

Public Transport Blues – Say Goodbye to Timetables and Hello to Freedom

Public Transport Blues – Say Goodbye to Timetables and Hello to Freedom

I remember the panic of pounding the pavement and breathlessly arriving at the bus stop, only to find I’d just missed my ride to work, or that my 7:12am ride wasn’t showing up until 7:42pm…

Frustrating, isn’t it?

What other choice do you have if you can’t buy your own set of wheels? You might have already tried to get finance for a car only to hear a lender say something like, “we need a copy of your lease agreement”. Great if you have one, but if you’re lodging or paying board, you might be feeling that car finance is out of the question….Or is it??

In Australia, roughly 30% of households are made up of renters, which equates to 2.6 million people (https://www.aihw.gov.au/). Renters who don’t have a formal lease agreement can find it difficult to get finance, but there is good news! There are other smaller lenders (i.e. not one of the big 4 banks), that subject to terms and conditions, offer finance to renters who don’t have a formal lease agreement, but can prove they have genuine savings and stable employment history.

No lease agreement?
No problem. Contact us today to see if you qualify for a car loan without having a formal lease agreement.

Written by Jason Pestano