Guest imburjul Posted February 7, 2012 Report Share Posted February 7, 2012 Hi all! I have received some great information from this forum. I am trying to get a lot of questions answered before we arrive in Perth, so we know what to expect and this community is very informative. Though I am coming to Perth from the US I have a lot of the same questions you all have shared, so THANK YOU for sharing your site. I wanted to throw in a question I have to see if anyone has any feedback..... My partner and I will be moving to Perth (he will be arriving in late March and I will arrive in late June) and we will need to purchase a vehicle, however, I'm not sure how financing works for individuals on a 457 visa. Does anyone know if financing is hard to obtain if you do not have any Australian credit history. We have excellent credit here in the US, but I'm not sure if that would apply (would we first have to develop Australian credit history). Also, one last question.....does anyone know what the average financing rate is on a car loan and whether used vehicles can be financed at the same rate? Thanks, Julie Quote Link to comment Share on other sites More sharing options...
Guest Glasgow2012 Posted February 7, 2012 Report Share Posted February 7, 2012 Hi Julie, We are in the same position, i will be arriving late March / early April on a 457 and the family following in the summer time. From what i have been told you should be able to qualify for a salary sacrifice scheme and lease a car along as 1 of you has full time employment. Quote Link to comment Share on other sites More sharing options...
Guest imburjul Posted February 7, 2012 Report Share Posted February 7, 2012 Oh, that's great to know. Thanks for the information and best of luck with your move! Quote Link to comment Share on other sites More sharing options...
Druid Posted February 13, 2012 Report Share Posted February 13, 2012 I bought a car from Lynn Ford and they were desperate to finance me, even on a 457, they confirmed they would be able to finance me, but I declined and paid cash Quote Link to comment Share on other sites More sharing options...
Guest donki Posted February 13, 2012 Report Share Posted February 13, 2012 We had no issues with finance just go to a major dealer ... Not all companies salary sacrifice and look into the small print with lease cars Good luck Quote Link to comment Share on other sites More sharing options...
Guest Stu Posted February 14, 2012 Report Share Posted February 14, 2012 You can get car finance on a 457 but usually need to go through the bigger dealers, and the APR is not as good. Also they will want you to have finished paying it off a few months before the 457 expires. Quote Link to comment Share on other sites More sharing options...
phil Posted February 14, 2012 Report Share Posted February 14, 2012 I've seen dealers advertising they'll happily finance on a 457, but I suspect at high rate, and as Stu says I've heard that some will only finance for the length of the visa. One nugget I can share through experience is to really read the insurance small print if you take it. I took out a policy with a $400 excess which I thought was fair enough. Then had my first ever accident and they wanted $900. They added on a $500 "inexperienced driver" fee. Doesn't matter that I've had no accident ever when not in Australia, they classed me as "inexperienced". Watch for that if taking out a policy. Quote Link to comment Share on other sites More sharing options...
elfie Posted March 1, 2012 Report Share Posted March 1, 2012 Hi As I understand cars tend to be very pricey, will not be looking for a gas gazzling shiney new car on arrival just something reliable the size of a ford focus between 8-12 yrs old any ideas on what would make of cars would be available and rough pricingif possible? Will be selling my beloved bmw with private plate :ssign8: and jeep am gutted just not worth the hassel of shipping over. My husband is the same 2 motorbikes sold during the summer so to be wheel less so to speak on arrival is I think the most dreaded of all things for us ....... thanks Mary Quote Link to comment Share on other sites More sharing options...
phil Posted March 1, 2012 Report Share Posted March 1, 2012 Check ahg.com.au and redbook.com.au You can get a focus here prices might be a shock. We wish we'd shipped our car now. Quote Link to comment Share on other sites More sharing options...
portlaunay Posted March 1, 2012 Report Share Posted March 1, 2012 We bought our hail damaged 2003 Kia Sportage for $2000. It's only done 130k and it's well looked after. It's certainly no looker but we don't really care about that. There are cheap cars about, I'm hankering for a classic Merc and there are some great examples here for not very much. Sorry, that doesn't help with the financing issue though. Quote Link to comment Share on other sites More sharing options...
Guest Donnab76 Posted March 9, 2012 Report Share Posted March 9, 2012 Hi, we're planning on shipping our car,having seen the prices of used cars in Perth. At present, we have a 330d BMW, does anyone know if this would be an expensive car to insure,run etc etc Quote Link to comment Share on other sites More sharing options...
Druid Posted March 11, 2012 Report Share Posted March 11, 2012 Hi, we're planning on shipping our car,having seen the prices of used cars in Perth. At present, we have a 330d BMW, does anyone know if this would be an expensive car to insure,run etc etc No more expensive than running it in the UK, it well worth bringing your car over, I brought the wifes mini over, glad I did, importing it wasnt as bad as I thought it would be, look on http://www.sgio.com.au/car-insurance/index.shtml?cid=google-wa&ctype=ppc and get an insurance quote, we found insuarnce prices here to be comparable with the UK, only difference is you dont legally need insurance here as the registration includes third party Quote Link to comment Share on other sites More sharing options...
phil Posted March 11, 2012 Report Share Posted March 11, 2012 For the insurance stuff, check out http://www.icwa.wa.gov.au/mvpi/ctp/mvpi_ctp_faq.shtml for more on the CTP insurance you get with your registration. It only covers personal injury to the other party. Quote Link to comment Share on other sites More sharing options...
verystormy Posted March 11, 2012 Report Share Posted March 11, 2012 I bought my car on finance from a Toyota dealer. The apr was very slightly higher than i would have got had i been perm res and the repayment plan had to be completed 6 month before the end of the visa, but other than that, no issues. Quote Link to comment Share on other sites More sharing options...
Druid Posted March 11, 2012 Report Share Posted March 11, 2012 For the insurance stuff, check out http://www.icwa.wa.gov.au/mvpi/ctp/mvpi_ctp_faq.shtml for more on the CTP insurance you get with your registration. It only covers personal injury to the other party. We took out a fully comp policy with SGIO anyway, when I rego'd the car I asked the lady over the counter if I needed insurance by law, she said no, but its good to have, the reason for using SGIO is that a lot of the other mainstream insurers would not insure an import, a lot of the independant brokers would but they were charging a premium, SGIO worked out to be the cheapest Quote Link to comment Share on other sites More sharing options...
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