carclarity.com.au FAQ

How does carclarity.com.au help find a car loan?

Carclarity.com.au acts as an online comparison service that matches your financial profile and needs with a panel of over 40 approved Australian lenders to find potential car loan options.

Is there a fee to use carclarity.com.au’s service?

No, carclarity.com.au states that there are no direct fees or charges for users to access their comparison service or receive loan matches.

How does carclarity.com.au make money if it’s free for users?

Carclarity.com.au generates revenue through commissions received from the lenders they recommend when a user successfully obtains a loan through their platform.

Will applying through carclarity.com.au affect my credit score?

Initially, when you receive loan matches, there is generally “no impact on credit score” (a soft inquiry). However, if you proceed with a formal loan application, the lender will conduct a “hard inquiry” which may impact your credit score. Solarquotes.com.au Review

What types of car loans can I find on carclarity.com.au?

You can find various types of conventional car loans including new car loans, used car loans, business car loans, secured car loans, unsecured car loans, and car loan refinancing options.

How quickly can I get approved for a car loan through CarClarity?

Carclarity.com.au advertises that many approvals happen within 24 hours, with some even faster, although this is subject to individual lender requirements and the completeness of your application.

Can I get a car loan if I am self-employed?

Yes, Carclarity.com.au states they work with lenders who offer options for different financial situations, including those who are self-employed.

What if I have a bad credit history?

Carclarity.com.au indicates they work with lenders offering options for various financial situations, including bad credit. They may also refer you to credit repair partners like Credit Repair Australia to assist with improving your credit score.

What is the minimum and maximum amount I can borrow?

According to Carclarity.com.au, minimum loan amounts can start from $1,000, ranging up to $250,000, depending on the lender and your financial circumstances. What to Expect from solarquotes.com.au

Do I need a deposit for a car loan?

While a deposit is not always mandatory for a car loan obtained through Carclarity.com.au, they note that it may help with the approval process and potentially lower your repayments and interest.

What kinds of vehicles can be financed through CarClarity?

Carclarity.com.au states they can finance a wide range of vehicles including cars, SUVs, utes, motorbikes, caravans, jetskis, and EVs (Electric Vehicles).

Is CarClarity an actual lender?

No, Carclarity.com.au is an online financial comparison service. It does not provide the loans directly but connects users with its panel of approved lending partners who are the actual lenders.

What are the “Terms & Conditions” and “Privacy Policy” on Carclarity.com.au?

The “Terms & Conditions” outline the rules and agreements governing your use of the website and its services. The “Privacy Policy” explains how Carclarity.com.au collects, uses, stores, and discloses your personal and financial information, in compliance with Australian privacy laws.

How can I contact carclarity.com.au customer support?

You can contact Carclarity.com.au via phone at 1300 585 861 or by email at [email protected]. They also have an extensive FAQ page for common questions. Swaggle.com.au Review

Are all lenders on Carclarity.com.au compared for every feature?

No, Carclarity.com.au’s disclaimer states that the financial products compared on their website “do not necessarily compare all features that may be relevant to you and CarClarity does not compare all rates in market.”

What is the significance of CarClarity having an Australian Credit License?

Holding an Australian Credit License (ACL 478 874) means that CarClarity ACL Pty Ltd is regulated by ASIC (Australian Securities and Investments Commission) and is authorised to engage in credit activities, adhering to consumer protection laws and responsible lending obligations.

Can I get a car loan online through CarClarity?

Yes, Carclarity.com.au states that getting a car loan through their platform is “100% online” by filling out a single application to get matched with lenders.

Does CarClarity provide financial advice?

No, Carclarity.com.au explicitly states that the information provided is “factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice.” They recommend consulting a licensed financial or tax adviser if you require such advice.

What is CarClarity’s loan approval rate?

Carclarity.com.au states they have a car financing approval rate of 91%, based on applications submitted to their lenders between October 1 and December 31, 2021. My Experience Browsing swaggle.com.au

How can I learn more about how Carclarity.com.au works?

You can find detailed information on how the service operates by visiting the “How it works” section of their website, accessible from the main navigation menu.