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Car Loans for First-Time Buyers in Perth:

What to Know Before You Finance

Buying your first car is exciting stuff. There’s no doubt that you’ve got weekend road trips and late night snack runs in mind.

Getting a car loan is a big step, but with Loans Unlimited you don’t need to stress. Our streamlined and transparent approvals process will help you escape the gravity of a loan and push those dreams into orbit.

Here’s everything first-time buyers should know before signing on the dotted line.

1. You Can Get a Car Loan with No Prior Borrowing History

If you’ve never had a credit card, phone contract or loan before, there’s no need to worry. It just means you’re building your credit record from scratch.

Many lenders offer low doc or first-time buyer car loans, though they may ask for extra proof of income or a guarantor.

At Loans Unlimited, we have access to lenders across the galaxy. These 40+ partners understand that we don’t all pop out of high school with a credit score and a full-time salary. They’re willing to offer fair and transparent loans to people with no prior borrowing history.

2. Your Job and Income Matter More Than You Think

Even if your credit history is squeaky clean, lenders still want to know you can actually make the repayments. That means they’ll look at:

  • How long you’ve been in your job

  • Whether it’s full-time, part-time or casual

  • What you earn each week

Because we have so many partners, Loans Unlimited can match you to a lender who understands your work type, whether you’re casual, FIFO or on a probation period.

3. You Don’t Need a Massive Deposit (But It Helps)

Some first-time buyers think they need $10k up front, but that isn’t true. Although a deposit isn’t always required, having something to put down will:

  • Lower your repayments

  • Improve your loan approval chances

  • Show lenders you’re serious

Even $1,000 can make a difference.

4. Budget for More Than Just the Loan

Your loan repayment might be $120 a week, but there’s plenty more you need to account for. Don’t forget to factor in:

  • Rego and licensing

  • Insurance

  • Fuel

  • Servicing and maintenance

  • Emergency repairs (yep, tyres pop at the worst times)

5. Watch Out for Dodgy Finance

Some dealerships and lenders offer “zero deposit, drive away today” deals. Sounds amazing, right?

But:

  • Interest rates can be much higher

  • Loan terms are often locked in

  • You may pay more for the car than it’s worth

It’s important to know what you’re signing.

With access to over 40 lenders, Loans Unlimited can help you get a lightning speed approval without any hidden fees. That way, you will have pre-approval before you come to the table and will be able to negotiate with confidence.

6. Used Cars Can Be Financed Too

With our crew, there are no silly questions.

We’re here to give you clear and honest advice that explains everything you need to know. No fine print, no tricks.

Let Loans Unlimited Help You Get Car Finance in Perth

Getting your first car loan is a big deal and it doesn’t feel like a trap. We’ll help you find a loan that fits your lifestyle and helps you chart a course toward your financial goals.

If you’d like to speak with a member of our Perth crew about car loans or online auto finance, drop your details in our contact form

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