Once I have a pr 175 visa and have found a job and a place to live, how easy is it to borrow money to buy a decent car?

Only asking as decent cars seem to be a fortune over there.

What sort of rate do you get too?

You may need 3 months of payslips/bank records to get a car loan - it depends on the lenders criteria.

Personally I wouldn't spend more more than $10k on a car to start off with and then run it for 3-4 years until your finances are stronger. Car's rust from the top-down here so they can last much longer [my diesel 4wd is 18 years old and still going strong with only a few rust spots].

Anyone know the best loan finder website in WA? Oz?

I am looking around... And wow are they really 14%+ !!!

Anyway looking at a pool for new house, both been working FT over 3 months and have just got a home loan... Should be ok yeah?

Just looking around for the best deal and some other peoples stories about loans!! Please :-)





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Many people use home loan redraw facilities for loans on cars and swimming pools, this keeps interest rates low. eg 6.83% But not all pay enough extra back, to clear it in 3-5 years.

New cars are often cheaper, and better value than used cars, which are very expensive when compared to UK used car prices.

Thanks for that but a redraw on my variable home loan account is not really an option when I am only going to make my 1st payment within the next couple of weeks.

I wanted to get more cash from home loan for a pool but not a possibility when I asked

So now here I am with a new home loan. A home with no pool :-( (bought it as bargain and 10's of thousands cheaper than the rest) now want to have a pool for summer..

Will have to browse and see what the deals are I guess...

I am wondering if I could do a re-mortgage when house done up in 6 months to pay off a high interest pool loan.

Just wanted peoples stories of good searches of loans and experiences of getting them here.

Best rates can be found at www.ratecity.com.au (part of www.cannex.com.au). I got my car loan through ANZ but if you have road side assistance through RACQ (in QLD) you can get a cheaper rate - it may be the same for other states.

We have only been here since June and were only working for 3 weeks and bought a new Mazda with finance at 10.9%, which is quite high but you have to start somewhere. I think you will be quite surprised how determined the car dealers are to make a sale.

Cool.. I am after a swimming pool though I see car loans are cheaper than personal loans (secure/un)

Unless the pool has a name called Mazda or Merc??

I bought a car half cash half finance with rate of about 10% 3 weeks after arriving before i had started my job and with no proof of income. They would have quite happily lent me the whole lot, I was approved in about 3 minutes and they even paid my insurance and transfer fees.

I was also given a credit card and was offered approval in principle for a mortgage 2 days after getting of the plane. They couldnt do enough to get my business. Sometimes its nice to be a "brand new customer only".

And depends on what you deem a decent car. I think some makes here are much cheaper than UK. Guess it depends on country of origin and cost of importation.

Bought a brand new XR6 Falcon 2 weeks after arriving. Just needed contract of employment and 10% deposit.

Thats sounds good, which bank did that ponyrama??

Car finance through Toyota, bank was Westpac.

Wait a couple of years before you launch into a pool - you will probably find that you dont really need or want one at all after the initial flush of enthusiasm. There are plenty of public places to swim.

This is really cool, how did you arrange for finance... i am in the same situation...just started to work for 4 weeks now.and dealers are asking for min 3 months pay slip... any kind of info would really help!

This is really cool, how did you arrange for finance... i am in the same situation...just started to work for 4 weeks now.and dealers are asking for min 3 months pay slip... any kind of info would really help!