Auto Financing · Service 09
Understand the documents, settlement considerations and potential costs of revisiting an existing vehicle-finance arrangement.
Who this may suit · Individuals
Owners exploring refinancing of an eligible vehicle or existing auto loan.
Key considerations
General points to consider. Actual features and terms are set by each provider.
Settlement amount
Your current lender will confirm what's needed to settle the existing loan.
New term
Extending the term can lower instalments while increasing total cost.
Fees
Early settlement and new-facility fees should be compared together.
How we may assist
- 1
Enquire
Share what you're looking for with auto refinancing. No documents are needed at this stage. - 2
Clarify
We explain the typical information involved and answer your questions. - 3
Support
Where an authorised arrangement exists, we assist with the application to the provider. - 4
Decision
The provider alone decides on approval, pricing and terms.
Preparation
- Existing loan statement
- Settlement or liability letter
- Vehicle registration
- Proof of income
This is general guidance. The exact list depends on the provider and product. Please don't send documents through this website.
Questions
Sometimes. Options depend on the providers involved.
A letter from your current lender confirming the outstanding balance.
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Important to know
Refinancing does not always reduce the total cost. Compare the full picture. All financing and account applications are subject to the relevant provider's policies and approval.
Related
An enquiry is not a credit approval, quote, contractual commitment or bank application.
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