Ovens Ford Finance Solutions

Finding a Car loan can sometimes be overwhelming! With Ovens Ford, finding a Car loan is quick, fast and easy! We have multiple different finance providers who we work with to ensure that we are providing you with the best possible finance rate and finance option to suit your needs. To apply, simply fill out the form above and that will start your finance journey.

To keep your application process simple, there are some documents you need to have ready. Here’s a checklist of everything you need:

You'll need to supply the following for each person on the finance application:

Proof of identity:

One Primary ID:

• Driver’s license
• Passport
• Proof of age card

Note – at least one person on the finance application must supply a driver’s license

One Secondary ID:

• Medicare (must be provided if you have dependants)
• Credit/debit card
• Veteran card

Proof of income.

One of the following documents. These are listed in order of preference:

• Recent pay slip which shows your year-to-date summary (unless July/August)
• Three consecutive recent pay slips (if there is no year-to-date figure showing on your pay slip or your pay slip is from July or August)
• Employment contract and three months' worth of bank statements (if you commenced your employment within this financial year)

If you are self employed:

• Most recent Tax Return

If you have other sources of income:

• Please speak to your PowerTorque dealer for further information on providing other sources of income

Proof of residence.

Home owner/buyer:

• Rates notice (within the last 12 months)

Renting:

• Valid tenancy agreement or
• Three recent rental receipts

Boarding or living with parents:

• Proof of address e.g. drivers license, utility bill issued within the last three months

Understanding of monthly expenses

You will be asked about your current monthly expenses. It is best to be prepared with a list of your monthly expenses.

If you are you an individual, partnership or company who uses your vehicle predominately (more than 50%) for business purposes, you’re eligible for a commercial loan.

ABN Holders

You’ll need to confirm you’re an ABN holder by providing the below documents.

• Sole Traders and Partnerships have your ABN ready to supply to the dealership.
• Companies – Details of your company including details of any shareholders and directors.
• Trusts – Details of the trust by way of a certified trust deed including details of any beneficiaries.

You'll need to supply the following for each person on the finance application:

Financial Information

To be eligible for a Business Loan, you need to confirm the financed vehicle will be used predominantly for business purposes (i.e. more than 50% for business use) and your entity is actively trading. Please be prepared to provide at least one of the following documents:

• Your most recent externally prepared financial statements within the last 18 months (This is our preferred document where available)
• The most recent income tax return for your business within the last 18 months

Please note additional documents may be required as part of the assessment process.

Proof of identity

One Primary ID:   

• Driver’s license
• Passport
• Proof of age card

Note – at least one person on the finance application must supply a driver’s licenseOne Secondary ID:

• Medicare (must be provided if you have dependants)
• Credit/debit card
• Veteran card

Proof of residence

Home owner/buyer

• Rates notice (within the last 12 months)

Renting

• Valid tenancy agreement
• Three recent rental receipts

Boarding or living with parents

• Proof of address e.g. drivers license, utility bill issued within the last three months

PAYG Employees

You’ll need to confirm the financed vehicle will be used predominantly for business purposes (i.e. more than 50% for business use).

You'll need to supply the following for each person on the finance application:

Proof of identity

One Primary ID:

• Driver’s license
• Passport
• Proof of age card

Note – at least one person on the finance application must supply a driver’s license

One Secondary ID:

• Medicare (must be provided if you have dependants)
• Credit/debit card
• Veteran card

Proof of residence

Home owner/buyer

• Rates notice (less than 12 months old)

Renting

• Valid tenancy Agreement
• Three recent rental receipts

Boarding or living with parents

• Proof of address e.g. drivers license, utility bill issued within the last 3 months

Evidence of income

Provide 2 of the below documents

• Tax Return showing evidence of motor vehicle related expenses from the last financial year (this is our preferred document)
• A recent letter from your employer stating the details of your employment and confirming you are required to supply your own vehicle as part of your employment conditions
• A recent payslip that shows a car allowance
• A letter from a registered accountant describing your business activity. Detailing how the vehicle will be used within the business and conforming estimates that the proportion of use relating to business activities will exceed 50%

Note – If you can’t supply at least two of these documents that’s ok. The Finance and Insurance Manager at the dealership can explain further options available to you.

Please note as part of the assessment process, you may need to provide addition documents, but don’t worry your dealer will let you know what’s needed.  

Our interest rates are tailored to your financial situation. Instead of taking a one-size-fits-all approach, we use your credit score and other relevant information to calculate a rate that’s right for you. It doesn’t matter who you are or where in Australia you live, the same transparent and trusted process applies. Our business manager can assist you with a finance quote.

A balloon is a final lump sum payment at the end of your car loan which may reduce your repayments over the life of your loan.**

Approved applicants only. Terms, conditions, fees and charges apply. A minimum loan term of 12 months applies. The maximum loan term will vary depending on the finance product selected and will be subject to PowerTorque Finance policy and procedure. You may be required to pay a deposit for capacity reasons. Additional interest charges will accrue if you select a balloon final payment option and early termination fees may apply if you elect to make additional repayments during the loan term. PowerTorque Finance is a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.

The information on this website is of a general nature and for information only. Nothing on this website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any of the products and services featured on this website, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances.

**additional interest accrues on the final balloon

  Target Market Determination document available here