Your low pre-approved car loan rates are only a few clicks away

Speeds up the process

One of the biggest advantages of getting a car loan pre-approval is that it speeds up the entire car finance process. Once you’ve been pre-approved, you’ll be able to start shopping with the knowledge that as soon as you’ve found your perfect car, funds can get transferred immediately as the paperwork is already done!

Setting a budget

By getting pre-approved, you’ll be able to set a realistic budget so that when it comes to shopping around for your new car, you’ll already have a pretty solid idea of how much you can spend and what your monthly repayments will look like. You’ll also have the peace of mind that you’ll be able to afford the loan.

Stronger bargaining position

Finally, having the confidence of pre-approval can help put you in a better position to negotiate when you’re searching the market for your new set of wheels.

Check your credit score

When lenders are assessing your application and pricing your loan, often one of the main things they’ll look at is your credit score. If you’re wondering what your credit score is, or would like to understand your credit history, you can get in touch with Equifax or Get Credit Score.

Assess all your options

There are so many lenders out there, the hard part is finding the perfect one for you! We recommend taking your time to assess all your best options so that you’re entirely happy with your loan. Driva takes the hassle out of looking for car loan options by providing you with finance options from our panel of more than 30 lenders.

Compare different types of car loans

In addition to there being many lenders on the market, there are also multiple types of car loan options available to you. Depending on your personal and financial circumstances, you might find that a secured loan, unsecured loan or personal loan works best for you. Or, if you’re buying a vehicle for business purposes, it’s a good idea to consider your commercial finance options like chattel mortgages and hire purchase car loans.

In most cases, getting pre-approved car finance will involve a credit score check, meaning an enquiry will be recorded on your credit file. However, some lenders may be willing to offer a pre-approval without running any credit checks.

Our lenders offer pre-approval in just minutes when you obtain your personalised rates. Applying for full approval then requires some extra documentation that can be done completely online. Once this i complete, fetting approved generally takes between 2 hours and 2 days, depending on which lender you’ve chosen. You’ll then have up to 90 days until your pre-approval period expires. 

If you need to figure out how much you can borrow quickly try using our car loan calculator here to assist.

Absolutely! Whether you’re looking to buy your car off Gumtree, or directly from the car dealership, Driva can help you get a car loan pre-approval online. Driva is an online lending platform that specialises in providing pre-approved car loans to individuals looking to purchase a vehicle. With Driva, you can easily complete the application process online, and receive a pre-approval decision within minutes. This allows you to confidently shop for a car, knowing exactly how much you can afford to spend.

Whether you find your car on Gumtree, from a private seller, or at a car dealership, Driva can provide the funds you need to make your purchase. Once you have found the car you want, you can finalise the loan process with Driva and have the funds transferred to your account. This allows you to negotiate with sellers as a cash buyer, potentially giving you a stronger position to secure a better deal.

Driva also offers competitive interest rates and flexible repayment options, making it easier for you to manage your car loan. With a simple online application and fast approval process, Driva makes buying a car hassle-free.

So, whether you are buying a private sale car or from a car dealership (no matter the age of the car), Driva can help you with your financing needs. Get pre-approved with Driva today and take the stress out of car shopping!

Every lender has different eligibility requirements and lending criteria when it comes to assessing your loan. For some lenders, your credit rating is one of the most significant factors, and the higher your credit score, the lower rates you’ll be able to access. For other lenders though, other factors might be more important like your employment status, living situation and the type of car loan you’re looking to buy.

When assessing if it's worth getting a car loan and rate options, you’ll probably notice that there are two main rates: the lender quoted APR and the comparison rate. We recommend relying on the comparison rate to compare car loans, as it includes nearly all of the fees and charges, so is the most accurate representation of how much your loan will cost. Be wary of relying too much on the APR as this doesn’t include any fees and can be quite misleading.

Yep! Driva can help you get your pre-approved car loan online, and we strive to make the entire pre-approval process as seamless and straightforward as possible.

Pre-approval for a car loan is a preliminary assessment of your financial situation and the amount of money you can borrow. Full approval is the final approval process that takes place after you have found the car you want to buy and provided all the necessary documentation.

Applying for pre-approval for a car loan does not obligate you to take the loan. It simply provides you with an estimate of how much you can borrow and allows you to shop for a car within that price range.

It also has the advantage of giving you a better idea of your budget and what monthly payments you can afford. This way, you won't end up looking at cars that are out of your price range and it helps you stay within your financial limits.

Yes, you can still apply for pre-approval for a car loan even if you have a home loan. However, it might affect the amount of money you can borrow and your overall borrowing capacity.

Lenders take into consideration your existing home loan and any other debts you have when determining your borrowing capacity for a car loan. This is because they want to ensure that you have enough income to comfortably make the repayments on both loans.

Once you have your car loan pre-approval, you can start looking for a car within your price range. You can visit car dealerships or search online to find the car that meets your needs and budget.

You should also consider other factors such as fuel efficiency, maintenance cost, and insurance cost before making your final decision.

Yes, you can negotiate the terms of your car loan even after getting pre-approved. However, it's important to ensure that any changes in the loan terms are within the limits set by the lender.