Car Finance: A Guide To Applying For An Alpha Car Lease

March 26, 2021 By: alphafinance0 comments

Want to apply for car finance with us? We’ve created a simple guide to help you when applying for a car lease.

Do you meet our minimum requirements?

To apply for car finance you must be:

1. 21 years old or over
2. Currently employed with a regular income of $750 or more per week. This regular income includes any Centrelink payments or other benefits. We’d like to see you’ve been in a job for more than three months. If not, if you show us you’ve been in a job prior to this for more than three months, we can take that into consideration.
3. An Australian citizen or permanent resident
4. Have a valid Provisional 1, Provisional 2 or open drivers licence
5. Not using the car for rideshare (Uber, DiDi etc) as the insurance on the car does not cover for Rideshare.

If you’re unsure whether you meet these or you’re just under some of the requirements, always worth giving us a call and we can talk you through some options. We’ve helped people in the past who have just fallen short of the minimum requirements, we assess your situation uniquely and try to offer you the best possible solution to get you in a vehicle faster.

Guide to Applying For Car Finance

Step 1: Apply Online

The quickest way to apply for a car lease is online. Our simple applications takes around 10 minutes (6 if you’re quick).

Step 2: Supporting Documents

In order to get your application assessed as quickly as possible, please provide all the supporting documentation:

1. Valid Driver’s License – You will need to prove your identity for car financing approval. This is done through the online application.

2. Proof of Income – These documents are required to prove your ability to afford lease payments. You will need to submit three recent pay slips and/or a Centrelink income statement.

4. Bank Statement – You will be required to also submit three months of bank statements to further prove your income and your ability to pay your lease payments. These documents must prove you receive regular income payments.
5. Proof of Residence – You will need to supply proof of your residence, utility bills are the easiest forms to submit.

That’s it! You’ll be notified if your approval is successful or unsuccessful, and we will work with you to determine which vehicle is best suited for you and your lifestyle. Lease agreements are available for 36, 48 or 60 months.

What’s next?

Once submitted, you will be notified immediately after if you have been provisionally approved while our team goes through your online application. This is usually processed within 24-hours.

Your car can be collected as soon as your upfront payment is ready. Depending on the vehicle type, your upfront payment ranges from as little as $490 to $990.

The way we handle a bad credit score

Unlike other finance companies, we specialise in assisting people who would otherwise be declined a car loan or car finance by other banks and financial institutions. We are dedicated to securing you a new vehicle that includes a low upfront deposit and agreed low fixed weekly payments which includes registration, comprehensive insurance and CTP. We assess your situation, look at your debts/repayments and work with you to find a vehicle that suits your lifestyle. We want to ensure you’re not being put in further financial strife and can meet the payments to help improve your credit score.

Where we are located

As a proud member of the Australian Finance Industry Association, we are dedicated to supporting and understanding the needs of our customers and working with them to ensure an affordable lease agreement. We are in ten convenient locations spanning from Brisbane, Sydney, Melbourne and Perth and newer locations in Adelaide, the Sunshine Coast and the Gold Coast, enabling us to always be ready to assist. Our staff primary focus is on getting you back on the road and rebuilding your credit history.

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• Car Finance
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• extra income