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Should You Get a Full Doc or Low Doc Car Loan?

Better Loan Solutions in Mornington PeninsulaLearning CentreInsights


Should you get a Full Doc or Low Doc car loan?


When it comes to financing your new car it’s possible to use either a low-doc car loan or a full-doc car loan.


As the name suggests, low-doc loans require less documentation but have some other costs involved, while full-doc loans might take longer, but work out cheaper. Each has its own set of advantages and disadvantages:



Low-doc car loans - Advantages

Did you know

With our in-house mortgage broking division we bridge the gap between the countless phone calls and emails between lender and accountant making your refinancing and borrowing much less stressful.

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Low-doc car loans - Disadvantages 





Full-doc car loans - Advantages 



Full-doc car loans - Disadvantages 


Need a car loan?

When looking for a car loan, it’s important that you assess your situation and know what your options look like. If you’re not sure where you stand, it’s best to speak to a finance broker who can examine your loan requirements and compare your options.

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Fashion For A Cause: The Original Pre-Loved Fashion Market

LIVE EVENT
3rd May 2024


Welcome to Mornington Peninsula's original pop-up pre-loved market with a difference. Fashion For A Cause is a not-for-profit fundraiser event. Grab a fashion bargain or unique piece, wine with friends, bid on silent auction items, all to raise funds for Clothes 4U.Inc. All proceeds from the event including stall sales, ticket sales and clothing purchases on the night will be double-dollar-matched and donated to Clothes 4U Inc.


Rebuilding After Divorce

Going through a divorce or separation is undoubtedly challenging, but it's essential to take control of your financial future. By understanding the impact of separation on your assets, seeking professional advice, and creating a solid financial plan, you can navigate this difficult time with confidence.


Leveraging Technology to Drive Business Growth

Technology has transformed the way businesses operate, allowing them to reach new customers, expand into new markets, and improve operational efficiency.