No, we finance all makes of new and pre-owned vehicles.
Does the vehicle have to be new to apply for finance?
No, we finance many pre-loved cars, although we prefer the vehicle to be under five years old. However, each application is assessed on its merits.
How do I apply for finance?
You can apply for finance at any of our dealers or at a GE Money branch.
We may give you a pre-approval before you decide on your new car, but generally you apply for finance after you have chosen your purchase.
What information do I need to supply for an application?
In making an assessment of your application, we take many factors into account. You will need to provide us with proof of your identity and proof of your ability to repay the loan, such as a current pay advice or group certificate. Details such as housing, ownership or rental, employment history, references and credit history are generally asked for during the credit application interview. Business clients generally supply current financial statements prepared by their accountant or financial advisers.
What are my obligations regarding Vehicle Insurance?
During the term of the agreement we require that the vehicle is fully comprehensively insured. You can finance this Insurance if you wish and include the premiums in your standard payments. This can take the worry out of insuring your vehicle and allows for one easy monthly payment.
What is an 'Important Privacy Notice and Consent Form'?
Credit reference agencies around Australia act as repositories for credit data for anyone who has taken credit in the past. Access to this information is protected by strict Privacy laws that are in force.
An 'Important Privacy Notice and Consent Form' gives us your permission to search the credit data under your name and file your previous credit history. Of course we are legally bound not to divulge this information to anyone else. We use the information only to help assess your application.
If I lease a vehicle, what happens at the end of the leasing period?
Under the terms of a Lease Agreement you are effectively renting the vehicle from GE Money Auto for the duration of the agreement with no obligation or right to purchase the vehicle at the end of the term. Prior to the commencement of the agreement a 'Residual Value' is determined, largely based on the length of the rental period and the type of vehicle required. At the end of the Lease you may do one of three things:
What fees and charges are applicable?
Full details of the fees and charges applicable to a GE Money Motor Loan are outlined in the Terms & Conditions document you will receive prior to signing your contract. If you have questions ahead of applying, please contact GE Money on 1300 137 759.
What happens if I can't make a payment?
The first thing to do is contact GE Money Auto and explain the situation to us. You will need to talk to one of our Customer Solutions Consultants. They'll be able to advise what can be done to assist you.
Depending upon the circumstances, we may be able to reschedule your payments or even re-write the contract over a different period of time. The main thing is to contact us promptly to ensure that your credit rating remains unchanged.
