No Doc Car Loans Calculator

This service is simple and easy, all you do is Search, Compare and Select the best No doc Car Loan quote from the best banks and finance providers in Australia. And best of all, we give you access to real instant finance quotes that are based on finance type, vehicle age, term and financed amount. In fact, its as real as it gets online!

No Doc Car Loans Calculator

No Payout Penalties

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No Doc Car Loans

What is a No Doc Car Loan?

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A No Doc Car Loan is a product that will suit a sole trader, partnership or company that has No Documentation to provide in order to verify income. A No Doc Car Loan facility is a great way to finance a business vehicle if producing documentation is going to be difficult for your business.

How does a No Doc Car Loan work?

Have a registered ABN number for a minimum of 2 years. A property owner If you are not a property owner then generally the finance provider will wants to see a large deposit ranging from 20%-40% of the purchase price. This will be determined generally by the age of the vehicle being purchased.

A No Doc Car Loan will have higher rates than your standard lease however this is only due to the risk involved for the lender because they do not request any kind of income verification.

The interest rate for a No Doc Car Loan will be cheaper if the applicant is a property owner compared to an applicant who is not asset backed.

No Doc Car Loan Benefits

  • You dont tie up your cash and can use this money to invest in the development of your company
  • No documentation required to verify income
  • Fixed interest rate for the term of the loan
  • Be able to set a facility when most financial institution will decline the application because of lack of income verification
  • Balloon (residual) can be set up to reduce monthly repayments
  • Tax benefits will apply because the transaction will either be set up as chattel mortgage or Hire purchase