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.
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