Frequently Asked Questions
Questions our expert finance brokers get asked every day:
What information do you need to get me a loan approval?
Driver’s licence, 3 to 6 months of bank statements, payslips. As soon as we have this info, we can make an application for a loan on your behalf.
What kinds of bad credit do you commonly help with?
One of the most common defaults is a telephone bill default. We can help with all kinds of bad credit, from an overdrawn bank statement, a credit file with a lot of enquiries, to unpaid defaults or discharged bankruptcy.
I have defaults on my bank account, will this affect my ability to have a loan approved?
It does depend on how many defaults you have, and what the reasons for them were. If it has only happened once or twice and there is a very good reason for it, you should still be fine to get a loan at a competitive rate. If you have a more extensive or a short credit history, our brokers will still be able to get you second chance.
Gateway Financing & Auto Sales specialise in arranging finance for people who have had a bad run, if you speak to a broker they will be able to work out exactly what’s right for you. They’ll make sure you get a loan contract that you can afford, starting you on the path to a clean credit history.
Once I find the car, how long will it be before I can take it home?
When you have a pre-approved loan, as long as we get all the documentation from you, we can have you in your new car by the next day.
I’m a casual employee, will I be able to get a car loan?
If you have continuous casual employment, we will be able to help you to find an appropriate car loan. At Gateway Financing & Auto Sales we understand that a car is essential to get you to and from work, and we will source the appropriate loan within 24 hours.
I’ve been in an accident, and my car was written off while it was still under finance – can I get a new car loan?
Yes, you can get a new car loan approved as soon as the insurance cover is lodged and your previous loan contract is finalised.
What is my maximum repayments?
Once your loan is approved, your finance broker will be able to calculate your maximum loan repayments, so that you can work out whether you will be able to comfortably afford the loan before you sign the contract.
Can I make an enquiry on behalf of my partner?
Yes, if you have the information regarding your partner’s residential history, liabilities, employment and income, we can get the loan process started. We will need to get a privacy consent from your partner in order to make the initial enquiries.
Can you help me to find a car?
Yes, if you tell us what you are looking for, our vehicle sourcing
experts will use our resources to search the vehicle market to find your desired car.
Do I have to buy a car from you?
Absolutely not. We can help you to find the optimal car loan for your financial and personal situation, giving you a budget to shop within. With this knowledge, you can shop around for a car from a dealership or a private sale. Once you find the car you want, let your broker know and they will ensure that you get a fair price, taking the stress out of negotiations for you.