Rideshare are any operators such as Uber, Lyft, Didi or Grab where you use your own vehicle to taxi people around town. If you’ve tried to get finance for a car to be used for Uber or other rideshare operators you know that most lenders will reject you. This is as rideshare drivers as seen as risky and the vehicles used will be putting on more than normal kilometers.
At Tofu Auto we have specialised lenders who can lend to against a vehicle to be used for rideshare. And best of all, they typically need only 6 month ABN. This means that you can get into your vehicle sooner and start making money.
Working with Tofu Auto for your car finance means you benefit from our extensive lender network and industry expertise. Unlike going directly to a single bank, we compare rates and terms across multiple lenders simultaneously, often securing better rates than you could obtain independently.
We handle all the paperwork, liaise with lenders on your behalf and provide ongoing support throughout the loan process. Whether you have excellent credit, are self-employed or have had credit challenges in the past, we work with lenders who specialize in various credit profiles.
Yes you can get a loan for a private car purchase. If we are using the car as securing most lenders will want an extra verification step done typically through Verimoto
Yes! We know that some vehicles like the Toyota Alphard are sought after and typically generate higher revenue. We can definitely help finance these vehicles.
Yes we have an extensive dealer network where we can help source your vehicle. Whether it be a new car or use. Best of all the cost of this service is incorporated within our finance fee
At a minimum we recommend 6 month ABN and 3 month GST.
If the vehicle is used as security the lender will have a clause that the vehicle will always need to be adequately insured. However, if we get an unsecured loan it isn’t required, but always still good practice to have some level of insurance.
Yes. You can get finance with bad credit and even a prior bankruptcy. But keep in mind not all lenders will lend to you or the rates might be slightly higher than market rates.
A deposit isn’t always required but is useful to reduce your loan and therefore your overall costs. It also may be required in some situations.
Yes we can do this through a mid-term refinance. You may have gotten your loan at a time when you had bad credit and there may now be an opportunity for a lower rate/fee loan. But we also do a refinance analysis to make sure you aren’t entering a loan that will cost you more that what you are currently paying.
