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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.


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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