Do I qualify for finance?

To qualify for finance you need to:

• * Be over 18 years old.
  

• * Be an Australian citizen or permanent resident*
  

• * Be currently employed**
  

• * Earn at least $400 per week (after tax)
  

• * Not be in an undischarged bankruptcy or part 9 debt agreement. 
  
  

  We may be able to help if you have a visa with more than 2 years remaining.
  
  *Min 1-month permanent employment (full or part-time) with continuation of the same industry (probation periods may be considered) - Or 6 months casual employment.
  
  *** We may be able to help if you are employed full time and more than half of your bankruptcy period has passed.

What documents do I need to apply?

Making an application is quick and easy. You just need to have the following documents ready to give to your broker:

• - Current Australian Residency Identification 
  

• - Two recent payslips
  

• - One current bank statement 

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

Yes, you can. Approval depends on your full circumstances, not just your credit score, income, employment and deposit all count. Our finance partners work across a wide lender panel, including lenders who specialise in past credit issues. The 2-minute pre-qualification shows you where you stand without affecting your credit score, so there's no risk in finding out.

Can I pay out my loan early?

Yes! Many of our loans give you the option to pay your loan off before the term is up. Speak to one of our financial professionals to tailor a solution for you.

What is a balloon payment?

A balloon payment allows you to reduce your repayments during the car loan term by making a one-off lump sum payment at the end of your loan. For example, if you were to take a $30,000 loan over five years with a 30% balloon, your regular repayments at a comparison rate of 8.10% would drop from $609.73 per month to $467.24 per month with the addition of a $9,000 lump sum payment due with your final payment. Balloon payments are available for cars that are up to five years of age. We will contact you within the last six months of your loan term to discuss your payment options. Your payment options could include refinancing the balloon amount in a new car loan. Alternatively, you could pay this balloon payment from your own funds. 

Every Tesla we sell is independently battery tested and certified before sale, you receive the certificate, not our word for it. We also run a full diagnostic scan with Tesla's own software covering the battery, drive units and charging system, checking the car's complete fault history. If a car doesn't pass, we don't sell it. You'll see both reports before you sign, and you're welcome to watch the test at our Melbourne workshop.