Low Documentation (Low Doc) is for the self employed who does not meet the normal financial documents required by financial lending institutions and you may not want to disclose documents that you may find objectionable if your privacy is important to you so Low Doc Car Loans have become a popular financial option for self employed people who currently have an ABN.
Financial lending institutions usually require your most recent and current Financial Statements and Tax Returns as proof of your income which is the normal supporting paperwork needed to gain traditional loan approval. This is often not convenient or possible at the time that you are wanting to make a vehicle purchase and have the need to apply for finance.
At
Aussie New Car Buying Service we can provide you with a Low Doc Car Loan. If you meet the lenders guidelines which can include:
- You have been trading for at lease two years and can provide your ABN
- The vehicle being purchased will be predominantly for business use
- Your have a good credit rating and your CRAAA/Veda file is clear without any default listings and no previous bad credit
- The total car loan amount does not exceed $50,000