FAQs2023-05-09T11:39:50+10:00

Frequently Asked Questions

Frequently Asked Questions

We’ll dig up the answers. Our beagle handlers will be there to answer any questions you have for us.

Finance Questions

Do I need to have insurance on the car?2024-07-11T10:18:18+10:00

Yes you do. Whenever you are financing a car you must have comprehensive insurance and our lenders will require a valid certificate of currency when settling your loan. But dont worry – as the team at FinanceBeagle can help you with this as well.

What do I need to apply for a loan?2024-07-11T10:14:24+10:00

Typically we will require an application form that can be taken over the phone along with a signed privacy statement, bank statements, driver’s license and payslips. Most of the information we collect can be done electronically so it is nice and easy for you.

More information can be sometimes requested from our lenders in an effort to get your application approved.

If I have a bad credit rating can I still get finance?2024-07-11T10:15:08+10:00

We can help people who have a bad credit rating or have had some issues in the past. We work with numerous different lenders and can help find the right solution for you no matter your situation.

TIP: Too many inquiries on your credit file can actually lower your credit score, try not to apply to too many lenders or brokers at once as this can have a negative impact on your chance of being approved.

Can I payout my loan early?2024-07-11T10:08:33+10:00

Yes you can. With all loans you can pay them off early however depending on what lender you finance with there can be early termination fees payable. Ask one of our expert brokers about your situation.

What will my interest rate be?2024-07-11T10:15:45+10:00

The interest rate on your loan is dependent on a number of your personal factors including but not limited to your credit score and history, your job status and length (full time, part time or casual), your home status, your weekly income and living expenses, and also the asset that you are purchasing. Our expert team can ensure you get the best possible interest rate based on your situation as we work with Australia’s leading bank and non bank lenders.

Can I buy my asset privately or does it have to be from a dealer?2024-07-11T10:17:36+10:00

We are able to arrange finance for almost any asset whether it is being sold from a dealer or from a private seller. In some instances there may be extra checks required for yours and the lenders protection if you are buying an asset privately.

What term loans do you offer?2024-07-11T10:07:52+10:00

The usual term for a car loan can be between 3-5 years. Most people take their loan over 5 years however depending on your situation you can get a loan term of anywhere between 2-7 years.

Who should choose a car loan?2024-07-11T10:07:04+10:00

A car loan is a good option for someone who uses their vehicle mainly for personal purposes, but who does not have the option of salary packaging a car through a Novated Lease.

What are the benefits of a car loan?2019-01-17T04:13:15+10:00

Benefits of a car loan include:

  • Flexible loan repayment periods ranging from one to seven years.
  • You can qualify for a balloon or residual payment which can reduce your monthly repayments.
  • Fixed interest rates mean fixed repayments
  • Improve your cash flow
  • Tax deductions if the car is being used for business purposes*
  • Lower interest rates as the loan being secured against the vehicle

*You need to check with your accountant for eligibility

What is a Car Loan and how does it work?2024-07-11T10:16:26+10:00

A Car Loan (or a secured car loan) involves a finance company lending you money to purchase a vehicle for personal use. The loan is secured against the vehicle and, when the final repayment has been made, you own the vehicle outright.

What types of loans do you offer?2024-07-11T10:18:49+10:00

We offer most standard loan types – Fixed Rate Consumer, Chattel Mortgage, Finance Lease and Novated Lease as well as personal loans. Once you start the process with FinanceBeagle, we will get to know your situation and explain all of the options to you.

How soon will I know if my loan application has been approved?2024-07-11T10:05:07+10:00

In most cases everything can be completed over the phone and email, and we can have your loan approved on the same day an enquiry is made.

Can I apply for Finance Online?2024-07-11T10:05:59+10:00

Applying is easy. First complete and submit your details through our pre-approval tool. We will then call you within 4 business hours to discuss your situation and available loan options. Just remember, all applications are obligation free – so no need to fret.

In order to submit a loan on your behalf we will need to take an application. This means one of our brokers will talk to you about your loan requirements. This is so we can determine which is the best loan option for you.

General

Do you really like Beagles?2024-07-11T10:00:07+10:00

Yes, we are particularly fond of beagles. We are also very fond of this new improved buying system that is going to help people who want a better, more transparent and safer way to sell their car. Go the Beagle!

Does FinanceBeagle operate everywhere in Australia?2024-07-11T10:19:19+10:00

Not yet. For now, our Beagles only pick up in South East Queensland (from the Gold Coast to the Sunshine Coast and west to Ipswich). If you are outside our current area and still want to take advantage of what the Beagle has to offer – we can discuss freighting your car to us.

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