Have you talked to a credit union. Not sure why they are saying it cannot be in joint names as all our loans have been in both names and I was not working. Even our last one, only 12 months ago was joint.
Definetly try other banks also.
Is there a reason why you want an import car, have you looked at the cost of getting parts and repairs?
Reason I want the import is the size. I just can't find anything that is going to seat 5 kids (all little needing booster/car seats) AND give me room for a pram/shopping etc. As for Parts & repaires, the ones I want (Toyota Hiace super custom) has the same motor in it as a Toyota hilux so that part is fine. And from what I have found so far the only parts I would have to import would be the headlight casing if I was to crash it...
As fot eh joint thing, I dunno either. Im sure when we took out the personal loan & even the car loan it has always been in both out names...
I was thinking maybe I should just employ a finance broker? But not sure what the fee's would be?
I used to work in home loans not personal loans but when we processed an application for joint names we could use ftb as a source of income for the stay at home parents. Did the ANZ take that into account?
If you still can't get a loan with them I would be searching around for another provider, they all have different lending criteria when it comes to income. For example, most require 2 years financials if you're self employed, or 12 months if you're on a contract, at least 3 months income and not on probation. It really depends on the actual bank or credit union. A broker may be able to help, they shouldn't charge any fees, generally they make their money from commission. HTH Good luck!
I know the feeling hun. We are trying to do a similar thing, but the big banks wouldn't touch us. We applied to them all. We are now going through a credit union. Not sure if it has been approved yet though. I know your frustration. The banks just see the income, not that your payments are less per month. I'm going nuts! They're idiots.
We used a broker to get our last home loan FJ, and she didn't charge us personally anything. SHe made her commission through the bank we got signed up with (which was our bank anyway and they had said no to us when we applied personally).
We just got a personal loan from the Commonwealth for our car. It is an unsecured loan, so I'm suprised they allowed it TBH, but they did.
The only catch was that DH had to be at his job for 3 months. He had 2 jobs at the time, the casual one he'd been at for 6 months, but they wanted him at the other one minimum of 3 months, as it was the higher paying job. That loan was only in DH's name, but my income from c'link was taken into account as household income.
Maybe you could have a chat to a different bank/credit union & see what happens? We couldn't get finance either, coz they wanted him at the job 12 months, rather than 3.
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