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Should You Get a Full Doc or Low Doc Car Loan?

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Should you get a Full Doc or Low Doc car loan?


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

Did you know

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.

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Low-doc car loans - Disadvantages 





Full-doc car loans - Advantages 



Full-doc car loans - Disadvantages 


Need a car loan?

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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Car loan refinancing involves replacing your existing car loan with a new one. The new loan pays off your existing debt, allowing you to start making payments on the refinanced car loan.