Should You Get a Full Doc or Low Doc Car Loan?
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
When it comes to financing your new car it’s possible to use either a low-doc car loan or a full-doc car loan.
As the name suggests, low-doc loans require less documentation but have some other costs involved, while full-doc
loans might take longer, but work out cheaper. Each has its own set of advantages and disadvantages:
Low-doc car loans - Advantages
With our in-house mortgage broking division we bridge the gap between the countless phone calls and
emails between lender and accountant making your refinancing and borrowing much less stressful.
Low-doc car loans - Disadvantages
Full-doc car loans - Advantages
Full-doc car loans - Disadvantages
When looking for a car loan, it’s important that you assess your situation and know what your options look like. If you’re not sure
where you stand, it’s best to speak to a finance broker who can examine your loan requirements and compare your options.
Darren and Jenny have one child and are planning for his secondary education at a Melbourne private school. Utilising education bonds, they aim to ensure they have sufficient funds to cover all tuition fees and associated costs throughout his education.
As Australia's highest marginal tax bracket impacts more individuals, a growing number of Australians face rising tax obligations due to "bracket creep," where wage growth outpaces tax rate adjustments. This trend is expected to persist, with tax-efficient strategies the backbone for financial advice to help individuals secure long-term wealth.