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Success Story

Client Success in First Car Financing – Secured Loan for New Car Purchase

30 July 2024Co-Pilot Team

At Co-Pilot Finance & Insurance, we specialise in finding tailored solutions that meet our client's specific financial needs. Our expansive panel of over 60 lenders, both traditional and non-traditional, allows us to navigate and overcome unique lending challenges. Case Overview Our client, looking to purchase their first new car with a budget of $40,000, faced several challenges:

At Co-Pilot Finance & Insurance, we specialise in finding tailored solutions that meet our clients’ specific financial needs. Our expansive panel of over 60 lenders, both traditional and non-traditional, allows us to navigate and overcome unique lending challenges. 

Case Overview 

Our client, looking to purchase their first new car with a budget of $40,000, faced several challenges:

  • Skilled Regional Sponsored Visa: The client held a Subclass 487 visa with just over three years remaining. 
  • Lack of Credit History: The client had no credit history to improve their application. 

Strategic Financial Solution 

Our experienced team collaborated with multiple lenders to find the best financing option, enabling the client to secure the maximum borrowing amount despite a weaker profile.

Successful Outcome 

With our creative approach, the client was able to purchase their new car with less than a 10% deposit and secure a $41,000 loan with a three-year term.

Expertise in Overcoming Financial Barriers 

By leveraging the strength of our lending panel and thinking creatively, our team provided a loan solution that perfectly fit the client’s requirements despite their challenging profile.

Written by

Co-Pilot Team

Contributor · Co-Pilot Finance & Insurance

Co-Pilot Team is a contributor at Co-Pilot Finance & Insurance, an Australian brokerage specialising in business finance, personal finance, and insurance.

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