How to get car finance from short sighted lenders?

I%26#039;ve just returned from seven years living abroad. I%26#039;m back in Australia and have been offered a job with very comfortable salary package. I need a car too, and since I am in the 3 month probationary period, the lenders are quick to say %26quot;no%26quot;.

I%26#039;ve been working full time in the IT industry for ages and have a 100% clear credit record, both home and abroad.

Is there any ways to get a loan without having to resort to high interest rate, loan shark type lenders?

How to get car finance from short sighted lenders?

As a shortsighted lender, I resent your classification of me and other shortsighted lenders as shortsighted. lol. That being said, not that it helps you, the shortsightedness is usually from two things, policy guidelines, for example not lending to those with new jobs, if we make an exception then we get sued or charged with being unfair, or just it is not that common, ie someone in your situation.

It might pay to try to rent a car from a small lot for a few months, or buy a cheaper car for cash and sell it in 4-5 months.

Good luck.

How to get car finance from short sighted lenders?

Go to your bank. Here in NZ they loan out at around 8%. Finance Companies (Australia %26amp; NZ) are about 19.25%. Good idea to talk to your Bank Manager. Having a bank loan saves heaps of dollars in interest.

How to get car finance from short sighted lenders?

Try going through a broker.

I had the exact problem and when through a broker and ended up with a loan through The Police %26amp; Nurses Credit Union.

They are really easy going and listen to the whole story first

How to get car finance from short sighted lenders?

Dont be so hard on the lenders...they are acutally doing you a favor too.

It is called a probationary period for a reason....that reason being that they can fire you in those three months without consequence.

Suppose you got the loan for the new car and for whatever reason the job did not work out.

Now all the credit that you worked so hard to build is GONE.

SO unfortunately, there is a method to the madness that protects both of you.

so do try to get a cheaper car and resell it as the previous poster said

or quite possibly you could lease a vehicle for 6 months. granted it would be high but not nearly as high as a regular rental or the embarassment of having to drive a clunker to work for those 3 months.

Tell your coworkers about the unfortunate accident to your original car and wait the three months

How to get car finance from short sighted lenders?

Let me get this straight.

You worked for seven years and you did not make enough to buy a used car?