FAQs | Journey Finance

Browse our faqs to find answers about car finance, business loans and personal loans in Australia. Our faqs help you make informed decisions before applying for finance.

FAQs About Car Finance

Many customers read our faqs to understand how Journey Finance works with 30+ lenders to secure competitive car loan rates. Whether you are buying new or used, our expert brokers compare options to find the right deal for your situation and budget.

Customers also ask whether they can get approved with a bad credit history. Journey Finance specialises in helping Australians with all credit profiles find suitable finance solutions. We work with specialist lenders who consider your current circumstances.

FAQs About Business Finance

Business owners ask how to finance equipment, vehicles and working capital. There are several options available through Journey Finance, including chattel mortgages, finance leases and commercial hire purchase agreements. Each has different tax and accounting implications.

Many business owners also ask about the tax benefits of financing business vehicles and equipment. Visit the ATO website for detailed guidance on deductions for Australian businesses.

FAQs About Applying

People ask how long approval takes. Most clients receive a decision within 4 hours. The process is simple: complete our online form, our team reviews your application, and we match you with the best lender for your needs. There is no obligation and checking your options does not affect your credit score.

Customers ask what documents are needed. Generally you will need proof of identity, proof of income, and details of the asset you wish to finance. Our team will guide you through exactly what is required.

faqs journey finance australia

For independent financial guidance, visit MoneySmart borrowing guide.

Ready to apply? View our car finance options or complete our application form today.

Frequently asked questions

How much can I borrow?

This all depends on how much you earn and spend – or the more technical term disposable income. The lender will look at your personal circumstances and assess your capacity to borrow, essentially, how much free money do you have left over to spend on a vehicle and still be able to live.

How long does it take?

We can have a pre-approval within 24 hours. You can drive away happy in 3 business days (pending car availability). The typical time is 7 business days.

What is a secured car loan?

A secured car loan is a loan that that encumbers the vehicle, that means the vehicle is held as security for that loan. The lender gives the money to you to purchase the vehicle with the condition that if you fail to repay the loan, the lender can take ownership of the vehicle to recoup any costs. This is a standard process when getting a car loan and how a personal loan differs to a car loan.

What is pre-approval?

A pre-approval is a conditional or non-conditional approval before you have chosen your vehicle. People will typically get their pre-approval when they are ready to secure a deal on their vehicle as this can help with the negotiation of the price you can get on your next vehicle.

Calculator Apply Now