Does it matter what type of car I purchase with Latitude?

No – you can purchase any number of different makes and models with a Latitude motor loan, provided that it fits with their eligibility criteria. For instance, you can buy a BMW , Mazda , Volkswagen , Nissan , Toyota or anything else you’d like to.

How long will it take for me to receive my car?

From the moment you submit your initial application to Savvy to when you receive your car, the process may only take around 48 hours. We pride ourselves on helping borrowers get approved for quick car loans which provide the financial solutions that they’re looking for.

Is it better to take longer to repay my car loan?

Probably not – if you can avoid it, you should always select a shorter loan term wherever possible. This is because the longer your loan runs, the more you’ll pay in interest and fees. For instance, a seven-year car loan of $50,000 repaid monthly on the minimum 9.49% p.a. rate would cost $18,624 in interest. However, choosing a five-year car loan instead with the same conditions would save you over $5,500 overall.

Are Latitude car loans available to single parents?

Yes – if you can show that you’re able to afford your loan’s repayments on a consistent basis, you can be approved for a car loan as a single parent . You won’t be immediately discounted from taking out a loan on the basis of single parenthood, so you can rest assured you’ll be considered for approval if your income is sufficient to cover your existing expenses and that of a car loan.

Am I still eligible if I’m a low income-earner?

Yes – again, provided your income is enough to cover your expenses and support car loan repayments comfortably, you can be approved for Latitude car loan finance on a low income . Financing is available for applicants who receive Centrelink as a low-income supplement, but not for those whose sole income source is Centrelink payments.