Self-Employed Car Finance

Self-employed car finance can sometimes be a tricky business. When you’re self-employed, your income can be a bit more difficult to document and verify. This can make it harder to get approved for a loan, as lenders like to see a steady and reliable income. This is because your income can fluctuate from month to month, where funds flow in and out at different times. Most lenders require borrowers to submit certain documents with their car loan application to prove they will be able to service the loan. This typically includes payslips that show consistent, stable earnings and long-term employment. If you’re self-employed, it’s unlikely that you’ll have payslips, or even earn a regular income, which can make applying for car finance a little more difficult.

MONEYME offers quick and easy car finance to Australians. We understand that self-employed individuals often have a more complicated financial situation, so we make it our priority to help you get the self-employed car finance you need. We’ll work with you to assess your financial situation. 

MONEYME car finance is flexible and can be tailored to your individual circumstances. So whether you’re looking for a new car or need to finance your current car, MONEYME can help.

Applying for car finance can be a little different if you’re self-employed. Most lenders will require some additional documentation to verify your income and employment status. This may include bank statements, tax returns, or payslips. While the process may be slightly different, self-employed car finance is still readily available from a wide range of lenders. In fact, many specialist finance providers cater specifically to self-employed borrowers. So if you’re looking for new car finance, don’t let your employment status stand in your way. There are plenty of options out there to suit your needs.

MONEYME offers car finance for self-employed people. We’ve made the process easy for you. Instead of asking for payslips and other documentation, we simply need read-only access to your bank statements for the past 90 days. You don’t have to worry about your data security either because we use the same security-level encryption as the top banks in Australia.

Our car finance options are designed to be as easy and straightforward as possible. Get in touch with us today to learn more about our products and how we can help you find the best way to finance a car.

MONEYME’s self-employed car loans have several key features and benefits that make them an attractive option for borrowers:

• Competitive interest rates. Self-employed borrowers may qualify for lower interest rates than those of other types of financing.
• Flexible repayment terms. Self-employed car loans typically have more flexible repayment terms than traditional loans, meaning you can tailor your repayments to suit your cash flow. This can be a big advantage if your income fluctuates from month to month.
• No need for a deposit. No need to save up for a deposit, as self-employed car loans can be 100% financed.
• Access to a used or new vehicle. Self-employed car loans can be used to finance the purchase of a new or used vehicle. This can be helpful to those who may not have the necessary funds available upfront to purchase a vehicle outright.
• Flexible repayment terms. Most car loans have a fixed repayment period, but with a self-employed auto loan, you can choose a repayment period that best suits your cash flow.
• Make lump sum repayments. With a self-employed car loan, you can make additional repayments to pay off your loan sooner without penalty.

With these features and advantages provided by MONEYME’s best car loans, we have become the preferred option of Australians who have been dreaming of owning a car. We specialise in providing self-employed car finance, so if you are self-employed and have been declined for a car loan elsewhere, MONEYME maybe able to help. 

The process to get a self-employed car loan is not much different from applying for a loan as an employee.

The most important thing you will need to do is provide bank statements that show a consistent income over time. We only require you to provide us with read-only access to your bank statements for the past 90 days.

You will also need to fill out our online application form. Once your application has been reviewed and you have been approved for a loan, you will need to sign the finance contract, which will detail information such as repayments, interest, fees, and terms. Thereafter, the funds will be deposited into your account within an hour (depending on your bank and whether you applied during business hours).

By following the above steps, you can make the process of getting a self-employed car finance hassle-free. We’ve been helping people navigate the world of consumer car loans for years. We have specialist know-how and offer our clients truly independent and tailored advice to ensure you get the right loan for your dream car. 

Whether you’re looking for the best interest rate or the lowest monthly payment, or you just want to find the right self-employed car loan, MONEYME is here to help.