Car finance gold coast

Car Loans Gold Coast

When it comes to applying for car finance Gold Coast many people assume that they need to talk to the finance person at their local car dealership. Or they may think they’ll need to take out a personal loan with their bank.

The idea of talking to a broker may seem a bit odd…after all, “doesn’t a broker only help you with home loans?”  This is a common misconception, but the fact is, a finance broker can help you with all kinds of loans, including car loans Gold Coast.

At Professional Lending Solutions, we have an experienced team of equipment finance brokers who can help you obtain the best car finance or car loan Gold coast option to suit your needs. We can take the stress out of securing car finance Gold Coast by offering tailored advice, comparing finance products from a wide range of lenders and answering any questions you may have throughout the entire process.

We can help you with car finance options including:

What are car loans? How do car loans work?

So how does a car finance work, exactly?

A car loan is basically a loan that you take out from a bank or a lender in order to buy a new or used car. The loan is usually paid off along with the interest over a period of time, often between 3 and 7 years.

Car loans can be great way to get your hands on that car you’ve been dreaming about, without needing to save up all the money yourself. And as long as you make your payments on time, car loans are a relatively safe way to borrow money.

Costs and features of QLD car loans to look out for

Obtaining Gold Coast car finance comes with upfront costs including:

Running costs include:

And these are the features that you can use to compare car loans. ask further questions on with car brokers Gold Coast or car dealerships Gold Coast before you sign the dotted line:

Car Finance Gold Coast

Car loan repayments

These are paid off monthly, but you can ask your lender if they accept weekly or fortnightly repayments if that suits your financial situation better.

Car Finance Gold Coast

Extra repayments

Check if your car finance Gold Coast lender will allow you to make extra repayments without paying a fee. Making more frequent repayments can help you pay off the loan a lot sooner and with less interest.

Car Finance Gold Coast

Interest rate

This is the rate of interest you'll pay on the amount borrowed.

Car Finance Gold Coast

Comparison rate

This takes into account not just the interest rate on the loan, but also any fees and charges that are associated with it. This makes it a lot easier to compare loans from different lenders and see the best car finance deals Gold Coast.

Car Finance Gold Coast

Balloon payment

This is an agreed upon lump sum payment to the lender at the end of the loan term.

Car Finance Gold Coast

Loan term

Shorter terms mean bigger repayments but often have lower interest rates, whilst longer terms usually have lower repayments but will have you paying more interest

Car Finance Gold Coast

Loan conditions

Check the Ts&Cs whether the loan can be for a second-hand car or only for a new car, and whether there are limits on how old the car can be.

What is a Car Loan Broker Gold Coast?

A car loan broker on the Gold Coast acts as a liaison between a car buyer and a lender. Unlike a bank or a car dealership, a car loan broker has access to a wide range of lenders offering a variety of car finance options. This makes it easier to find a car finance deal that will suit your specific needs (without having to pay extra!).

In addition to deciphering industry jargon, reading the fine print and answering all your questions, a car loan Gold Coast broker will also act as an advocate on your behalf. This means they’re committed to helping you find the best possible car finance solution that is available to you.

Car Finance Gold Coast Invest

Frequently Asked Questions About Car Finance Gold Coast

Not everyone realises that they can use their brokers for car loans. Watch our Founder and CEO Phil Verheijen as he breaks down some of the most frequently asked questions on finance cars gold coast for you.

Gold Coast Car Finance Basics with a Car Loan Broker

Below are the questions tackled in the video:

What are my options for buying a car?

Hint: personal use VS commercial use, personal loan VS consumer car loan

Should I go to a car finance broker or straight with a car dealer?

Hint: Car brokers are ALWAYS compelled to work in your best interest whilst dealers present you with limited choices.

Why don’t I go straight to the bank?

Hint: Banks don’t usually do consumer car loans. They offer personal loans which are more expensive

What paperwork do I need?
Can we do a pre-approved car loan?

Hint: Yes, so you can negotiate for a car deal with more confidence.

What is the difference between a secured car loan VS unsecured car loan?

Hint: Unsecured means personal loan, while secured car loans put a charge over the car.

Do I need a deposit for a car?

Hint: Typically it’s not essential, but will make things easier.

Can you finance a car from a private seller?

Hint: Yes but it comes with more risk.

More questions on Car Finance Gold Coast

It depends on your individual circumstances and specific needs. Your lender will look into your financial health and assess your borrowing capacity from there. Best to talk to your brokers who are car loan experts to help you determine the amount you can loan.
Home loan rates are rising more quickly than car loans, but that doesn’t mean the latter isn’t on an interest rate hike. As of this writing, the lowest rate for variable interest rate loans is 3.99% p.a. as per Mozo’s latest data. Some loans can go as high as above 9% p.a..
No. A car finance lender is a financial business that offers to lend money to approved borrowers so they can purchase a vehicle. In contrast, a car finance broker has a panel of many different lenders with loan products that they can compare and choose from. They help a car buyer to find and obtain the best possible car finance option to suit their circumstances.

This may vary depending on which broker you decide to use. At Professional Lending Solutions, we don’t charge our customers for our services. Instead, we receive a commission payment from whatever lender you decide to obtain a loan through. However, some car finance brokers will charge a fee for their services. This will either be a set figure or a percentage of the total loan amount. If you choose to work with a broker who charges for their services, then make sure you fully understand all the associated costs upfront (and read the fine print carefully).

When you meet with a car loan broker, you’ll typically need identification documents (equalling at least 100 points of ID) and evidence of how much you earn (such as recent payslips, payment summaries or completed tax paperwork). Depending on your current circumstances, you may also need to take some other forms of supporting documentation. The best thing to do is talk to your broker when you make the initial appointment, as they’ll be able to provide tailored advice

An experienced car finance broker can help you carefully evaluate your car finance options, ensuring you end up with the car loan that will best suit your needs. The key areas to look at are the interest rate, any upfront or ongoing fees and what features the loan comes with (such as redraw facility or the ability to make additional repayments). For example, Loan A may have the lowest interest rate. But if Loan B’s interest rate is only slightly higher, but with significantly lower ongoing fees and a provision for added repayments, then Loan B may be the better choice.

Some lenders specialise in bad credit car loans Gold Coast and even accommodate those without credit history. A car loan broker with access to lenders like this can help you get in touch with them and even liaise with them for you.

Yes. There are lenders specialising in no-credit check car loans. They usually require the borrower to present some form of property as collateral (for a secured car loan). If you are getting an unsecured loan, you will not be required to present a collateral or any type of security, and almost anyone can apply for one. Cars on finance Gold Coast with no credit check are usually quickly approved and have a much simpler process. However, they require a bigger deposit and come at a higher interest rate and longer repayment terms. Consult your car finance broker for further advice.

When a loan is secured, there is some form of collateral placed against the sum borrowed. In the case of a car loan, the car itself will usually act as security for the loan. This means that if you default on your repayments, the lender may choose to repossess the car to pay off your debt. It is possible to obtain an unsecured car loan, but these will usually charge a much higher interest rate (since this type of loan carries significantly more risk for the lender)

Similar to a pre-approved home loan, a pre-approved car loan is when a lender has assessed your circumstances and given you conditional approval up to a set dollar amount. It doesn’t mean you’re guaranteed final approval, but it allows you to have more confidence with regards to your budget. Additionally, pre-approval can put you in a stronger position when it comes to negotiating a final price, as the car dealer will know you can’t be pressured into going any higher than your pre-approved limit. Pre-approval can also make the final loan approval process a lot faster.
There are car finance options available to suit self-employed borrowers. And, as a self-employed borrower, you may find that you’re able to claim costs associated with the purchase of your car back on tax (including any interest that you’ve paid on the car loan). Self-employed borrowers may also be eligible for equipment finance loans. To find out more about obtaining car finance as a self-employed borrower, talk to one of our experienced brokers.

Unlike a home loan, you don’t necessarily need to have a cash deposit saved up before you can take out a car loan. But a deposit will look good on your loan application and may even make you eligible for a better car loan deal. Additionally, having an initial cash deposit will reduce your monthly repayments and the amount of interest that you’ll have to pay over the life of the loan.

Simply put, a chattel mortgage is a loan for a vehicle that will mainly be used for business. So, if you’re a self-employed plumber and you need a van for transporting your tools and materials in between jobs, then you may be able to apply for a chattel mortgage instead of a standard car loan. Our brokers can assess your current financial circumstances and advise whether you’re eligible for a chattel mortgage.

Why Use a Car Loan Broker in Gold Coast?

There are plenty of sound reasons why you should consider using a car finance broker on the Gold Coast for your next car purchase. These include:
Car Finance Gold Coast

You’ll save time

You’ll save yourself a lot of time by choosing to work with a car loan broker on the Gold Coast. You won’t have to spend countless hours researching and comparing the various car finance options available – your car finance broker will do all of that for you. They’ll examine the different car loan products on offer, determine which ones are going to best suit your circumstances and then help you to complete the necessary paperwork.

Car Finance Gold Coast

You’ll save money

A car finance broker has access to a panel of lenders who are all vying for business. This means you’re more likely to find a car finance product with low fees, a competitive interest rate and the added features that will best suit you. And with an experienced finance broker working on your behalf, you won’t have to worry about hidden costs or whether you’ll end up paying too much interest over the life of the car loan.

Car Finance Gold Coast

You’ll save yourself some stress

Arranging finance can be a highly stressful task. But when you work with a car finance broker, you’re essentially handing all the stressful elements over to someone else. They become responsible for finding the best deals, double-checking the application, ensuring all the supporting documents are in order and dealing directly with the lender if any follow-up information is required.

Car Finance Gold Coast

You’ll save your credit rating

Multiple car finance rejections can be damaging to your personal credit rating. This will not only make it harder for you to secure car finance in the short-term, but it could also have a negative impact on your long-term ability to secure a home loan. By working with a car finance broker, you’re maximising your chances of gaining loan approval the first time you apply.

Loan Enquiry

Car Loans Broker Reviews

Car Loans Broker Reviews

Rachel PounderRachel Pounder
23:25 08 Nov 23
Phil was amazing to work with, very knowledgeable and was a stress free process to refinance my loans. Would highly recommend his services.
Melissa SilkMelissa Silk
09:40 11 Oct 23
Phil was recommended to us and we could not be happier with the result we achieved having him by our side for the sale of our home and the purchase of our new home.Phil was incredibly prompt, honest and professional. He addressed every single query (and there were MULTIPLE) in such a timely manner. Phil helped map out the nitty gritty details from the get-go with honesty and his professional opinion so that when we decided to go ahead and buy in this current market, instead of waiting, we were able to achieve settlement in such a tight timeframe (21 days to be exact). We will DEFINITELY be approaching Phil in the future and are 110% more than HAPPY to recommend him to friends and family. Jenny, thank you for being the behind-the-scenes magician during our entire journey. We are very appreciative of your hard work (especially in the moments right before settlement).
Ben ShieldsBen Shields
22:32 20 Sep 23
I have been using Dean for all my financial requirements for a few years now, along with others in my family. He has become our family finance guy. He always finds the right deal, gives great advice and makes the journey easy. I recommend to anyone !
Anton HermantoAnton Hermanto
05:34 31 Aug 23
I was recommended the service of Phil through my Real estate agent.,if you need assistance with your home lending please go and see Phil, exceptional service and with his corporate Banking background he understood our finance need and was able to recommended the right product for us.Thank you Phil & team
Andrew ThorntonAndrew Thornton
01:20 28 Aug 23
Phil was brilliant. The turnaround for our re-mortgage was very quick, and Phil made the process seamless. Would recommend 10/10.
Keeley-Anne loweKeeley-Anne lowe
05:37 18 Aug 23
Phil & his team are amazingThey supported us through buying our first home in Australia, they were always on hand to answer our many questions either via email, phone or in person.Super professional but also down to earth and friendly- would 100% recommend
Jason in Byron BayJason in Byron Bay
08:30 17 Aug 23
Great team and very easy to work with with....Highly recommended
Dino BaroneDino Barone
07:38 17 Aug 23
I cannot express how grateful I am for the exceptional service I received from Phil during my journey to buy my first home. From the very beginning, his dedication to guiding me through the complex process of obtaining a mortgage was truly remarkable.Phil demonstrated a level of honesty and transparency that I never expected from a mortgage broker. He patiently walked me through all the available options, explaining every detail in a way that made sense. His expertise gave me confidence in the decisions I was making.What truly set Phil apart was his commitment to my best interests. He went above and beyond to find a loan that was tailored to my financial situation, ensuring that I wasn't taking on more than I could handle. His advice was always genuine and well-informed, and I never felt pressured into making any decisions.Throughout the entire process, Phil was incredibly responsive. He promptly answered all my questions, no matter how big or small. It was evident that he genuinely cared about my experience and wanted to see me succeed in securing the best mortgage for my new home.I cannot recommend Phil highly enough.
Eliza SmithEliza Smith
20:40 14 Aug 23
Phil and the team at Professional Lending Solutions worked with us efficiently to help us secure our family home. The team kept us informed and helped us every step of the way. Our experience with Professional Lending Solutions was fantastic and I would highly recommend!
Roland PetersonRoland Peterson
22:59 03 Aug 23
This business does a very professional job and made the whole process of our financial application smooth and easy. Phil also was very responsible and respectful and i felt we could trust him and his process as well. Highly recommend this broker!
Nick TurnerNick Turner
06:52 02 Aug 23
As a first home buyer the whole process was a bit daunting. Phil and the team were in real and simplified the lot. They really went to battle with the banks for me (being self employed) and got me the best possible outcome. Can’t recommend them high enough !
Harley BericHarley Beric
07:12 21 Jul 23
Phil and his team went above and beyond with the service they provided.I have been a long term client of PLS as I could not find a house that met my budget.Phil was very understanding as he listened to all my questions I had to ask. He provided me honest feedback which made me feel safe and comfortable that I made the right choice in choosing him.Because it was my first time buying, PLS answered every question I had without frustration or judgement as they had to explain things to me once, twice and something a third.It was a very stressful life decision that should not be taken lightly and with Phil and his team behind you, you will never be made to feel as if you made the wrong choice with choosing them as a Broker.Many thanks once again.
Sinead BroadmoreSinead Broadmore
09:01 08 Jul 23
We couldn't recommend Phil and his team enough. They were amazing and so helpful through the whole process. Having only moved to the country 6 months prior it was a stressful situation for us but they made it so easy and stress free. Will definitely use them in the future if need be!!
Nathan ThomasNathan Thomas
03:20 20 Jun 23
Phil and the team from Professional Lending Solutions were very easy to work with and as with the name states were very professional!For clarity I’ve known Phil for many years and I’ve seen how he was able to help others get into their first homes and even second homes. It was now our time for the team to help us.We had many questions and were able to get all the answers we needed to make the right decisions.If your looking for a professional team that takes the time to explain all the processes, keeps you informed and gets things done then take the time to give them a call to see how they can help make your dreams a reality!
Donna hughesDonna hughes
05:53 22 May 23
We went to see Phil to refinance our home loan and consolidate our loans. Phil was full of information and very professional. We couldn't believe how quick Phil had got everything done for us. So thankyou very much Phil we would definitely be referring family and friends.
Phil, Jenny and the team at Professional Lending Solutions were more than what we could of hoped for. Very informative and were there through every step of the process. We couldn't done it all without them. I cannot recommend them highly enough. Every single one of the team is friendly and totally professional and helped put us at ease through every step.Thank you!
Marie HibbertMarie Hibbert
01:05 21 Mar 23
We were reccomended Phil and his team from word of mouth (people I work with). As first time buyers we had many questions and alot of learning to do. Phil and his team were always a email or phone call away and were happy to answer all the questions we had. The process was easy from our very first face-to-face meeting and we felt confident in putting our trust in this team. Thank-you so much for starting us on a property journey. We would highly recommend their business! Pete and Marie
Kyle RobinsonKyle Robinson
03:20 14 Mar 23
Phil & his team were absolutely amazing through the whole process of buying our home. They were happy to answer any and all of our questions no matter how silly they were and guided us through the whole process. They made buying our home stress free and let us enjoy all the excitement without having to be concerned about all the small details.If you are looking to buy a house or even just considering it you should definitely give Phil and his team a call. They will get you right on the path to your home.
00:27 14 Mar 23
Phil got our first home loan 8yrs ago when we thought we couldn't and since then we've refinanced several times to ensure best rates as well as a business car loan. Always a personal approach, highly recommended.
Michelle KMichelle K
03:14 08 Mar 23
The best brokers in the business.Phil and the team at PLS went above and beyond to help us refinance our mortgage and find the best solution for our circumstances.Phil is professional and fantastic to deal with.Highly recommended!
jake smithjake smith
08:30 19 Jan 23
Very happy we went with Phil and his team, being our first home we didn’t know what to do or understand a lot about buying a property we just knew we wanted one and Phil and his team walked us through every step and made it easy! Would 200% recommend
Sarah CameronSarah Cameron
00:13 11 Jan 23
Mel, Phil and the team at Professional Lending Solutions were simply amazing. Nothing was too much of a hassle. They made the whole experience extremely easy, stress free and had it approved within 3 days. We couldn't be happier with the service and would highly recommend their business! Will be using again!
Kirsty ScottKirsty Scott
07:53 15 Nov 22
Phil was incredibly helpful, patient and honest throughout the entire process of re-financing. I appreciated his thorough and detailed answers to my questions, as well as his amiable nature. He was open and spoke with great candour, ensuring the entire process was simple, stress free and, straightforward. All in all a top bloke and skilled broker who I would certainly recommend. Thanks again!
Lisa VinczeLisa Vincze
10:00 29 Aug 22
You should use Phil and the team at Professional Lending Solutions! We have used them a couple of times and they make it so much easier to manage the mortgage process - and know you’re getting the best personalised deal. Phil is so lovely and very responsive. Will be using them again.
Jordan SummersJordan Summers
00:29 29 Aug 22
We recently went through the often stressful process of selling our home and purchasing another. Phil and his team came up with the best tailored finance solution for our situation and were always on hand to provide guidance around the process from start to finish.I couldn’t recommend Professional Lending Solutions any higher, they were simply superb to deal with!!!!
Jennifer McLeodJennifer McLeod
00:20 29 Aug 22
Many thanks to Phil and the wonderful Professional Lending Solutions team! Having Phil in our corner for our financial needs has played a key role in securing the appropriate home loans for us. Highly recommend!
Renee AgnewRenee Agnew
02:57 04 Aug 22
Phil Verheijen has been fantastic in providing advice on all matters of the lending system for purchasing my first property. I can highly recommend Phil as he is genuine and professional. Also his friendly team were extremely helpful.
Diana SaragozzaDiana Saragozza
04:19 27 Jun 22
Professional Lending Solutions were absolutely amazing. After several bad experiences with other brokers in the past. These guys were straight to the point, very professional, excellent customer service and got our loan approved so quickly. They provided support and advice before and after the purchase of our home.Highly recommended.
Michael FryerMichael Fryer
06:47 27 May 22
Dealing with Phil and the team at Professional Lending Solutions was amazing.Absolutely incredible communication and professional support and advice throughout.Phil was happy to answer all our questions and explained the process to us with great detail.If you ever need a good broker please do yourself a favour and see Phil. You will not be disappointed. Thanks again Phil and the team at Professional Lending Solutions. Keep up the great work.