In Australia, buying another car is a major decision. Although it’s really exciting to be taking responsibility for a new vehicle, it’s also superbly understandable in case you’re stressed over the procedure including car dealer financing stunts and car loan scams. You’ve probably heard parts about various car loan scams and it can appear to be overwhelming to make sense of what and who you should trust. The experiences of others might lead you to ask yourself, “are car loans a scam in Australia?”. In this article, we’ll learn more about car loan information Australia and how to spot car loan scams.
If This Happens to You, It’s Likely A Scam
1. You’re asked to make a forthright payment before you get the loan for things like loan insurance, tax or initial repayments and so on.
2. The email you get may not be from a company email address.
3. A company that claims to be enlisted as an Australian company or Australian Credit Licensee may call or email you regarding a loan that you are qualified for without you making an application.
4. You may be offered the most minimal interest rate and the approved loan amount may be …February 25, 2020