Best Finance Co. for car loan for 457 visa holder

[Piscine75]

Can anyone throw some light on this?

Banks rates seems very high but have been told there is lower out there but cant find anyone?

Thanks in advance

[lornarees1]

toyota are coin 3.9 % on brand new cars at the mo , last day 2moro tho

[pat and mike]

you may find that if you are new to Aus you aren't on any credit listings and therefore no-one will touch you with a bargepole....and those that do may make you pay.

[Piscine75]

you may find that if you are new to Aus you aren't on any credit listings and therefore no-one will touch you with a bargepole....and those that do may make you pay.

You are so right. Can't get anything below 11%. Criminal

[basicweb]

I have a mate who's an independent loan adviser, he specialises in new arrivals over here, if you are interested I can pm you his details. can't guarantee he can help, but pretty sure if he can he will be a lot cheaper than the car financiers.

Tracey

[ChrisMich]

So how do you get a credit rating if you are new and on a 457 visa?

[pat and mike]

painfully slowly !! we convinced our bank - or rather the bank manager convinced "Head office" to give us a credit car with - can't remember if it was $500 or $1000 limit. it meant we'd got on the credit radar. after a few months we rang the credit card co, said we had purchase we needed to make and it was $1500 and the person on the other end tapped away at the computer and said the limit seemed very low, would $5k be more suitable? once we had paid a couple of months of cr card bills we applied for another card from another bank and got one with a few grand on. six years on they keep writing to us saying they've upped our limit...think its just getting on the credit register is the problem. i know banks now seem to be targeting immigrants so it may be easier to break in !!

[bensdad]

All we could get was 11% but we were happy with that as we were new arrivals and the car was heavily discounted as well so it all come out in the wash. Our finance co was st. George.

[lornarees1]

We got a car from Toyota with apr of 3.9 the original finance price was 32000 but they would only give us 29000 I think it depends on your wages as well my oh is in the mine and we on a 457 visa so could only get 46 months of finance

[Andyrob]

If you can do it through your employer, a novated lease is fairly easy to arrange. I got one after 2 weeks being employed. They can source some good deals on car prices too, if you want a new car.

Other option is commonwealth bank. They financed my for my ex partners car. By the way anyone interested in buying a 3 month old Hyundai i30??? Need to get rid of it lol