Car loans @ Commonwealth Bank: How long do I have to work for before I qualify?
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Written on: 17.11.2009 [09:16]
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Niranjana
Niranjana
Topic creator
Posts: 1
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I am thinking of taking out one of the car loans Commonwealth Bank offers, but I am not sure if I will qualify. I am 19 years old & have been working for only 6 months now. Do you think this will be enough? |
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Written on: 22.11.2009 [18:35]
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July
July
Posts: 1
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Unusually how long you have worked has nothing to do with whether or not you are eligible. The main thing is your credit rating and whether or not you are an Australian citizen. I would also recommend avoiding car loans so early on in life. Are you sure that your job is secure? Are you sure you will want to keep the car for as long as it takes to pay back the loan? Is it really worth it when you could probably save for a few months and just by a second hand car? Be very wary about taking on such a debt so early on in life, I regret it now. |
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