Buying a new car when arrive on finance with zero credit history

[Guest Paula H]

Hi

 

We may want to buy a car on finance when we first arrive.

 

Could we get one on finance as we'd have no credit history.

 

Would transferring money to our NAB bank now act as credit history?

[ian mc]

You would have to show proof of income from job here wage slips or offer off a job so they know that you can service the loan, They will just not go on bank account as the bank account could be full one day and empty the next.

[sidestep]

Don't want to appear rude but why get a financed car before you've established yourselves in SA? Why take that financial risk?

[Guest Paula H]

It's only because a 2nd hand car would be exp and with a new car you get warranty etc

 

Was only asking as will probably get 2nd hand anyway