Gday...

I am not fully coherent on the 'rules' for advancing loans to Pensioners. However, I would have thought the only criteria for such loans would have been a) ability to repay; b) level of asset (collateral) such as bank balances, any property, investments. I very much doubt just being a pensioner would preclude your consideration, and hopefully, approval of a loan.

A quick search of Google produced this site from ANZ -

http://www.anz.com.au/personal/personal-loans/personal-loans-overview/progress-loan/faq/

It certainly includes consideration of pensions. I would be fairly confident all banks, and most financial institutions, would, given your ability to repay etc etc etc, at minimum consider, if not approve a loan to purchase a vehicle.

Don't give up ... try other institutions - literally get quotes on cost of borrowing.

As an aside, almost ALL finance arranged by a car yard/dealer would be the most expensive loan you could probably get.

cheers - John

Did you know a new law has come in making it not allowed for car sales yards to arrange finance for Pensioners.

When I asked why I was told The govt thinks pensioners shouldn't be allowed luxuries.

Not sure if thats the real reason but the Govt have brought in the above law anyway.

Gday...

I have just posted a response that should be helpful, Marj. However, the following came up when I posted it -

"Your message has been flagged as potential spam and needs to be approved by an administrator before it will appear on the forum."

I assume the URL for the ANZ bank site must have upset the 'server'.

In essence, the site (which you can see when you/if get the post) shows that the ANZ bank certainly does extend loans to pensioners.

I also said that you should try a number of financial institutions - eg all banks - and literally get quotes for cost of borrowing. Finance arranged by car yards/dealers will almost always be the dearest loan you could obtain.

Cheers - John

That is "car yard" speak I would think. Maybe the law is to stop some unscrupulous dealers using "shifty" finance - with horrendous interest rates!!!!

Try the banks - or go to Centrelink and talk to someone there - they have financial advisors - maybe they can help you.

Good luck.

maybe look at an avan and car that could tow it? i dunno, thats what im thinking for later on
maybe if i inherit my dads honda accord down the track... (2006 model ) oh well just some dreaming and ideas

good luck with what ever you do and have you talked with your family ,?? wasnt there some one who helped out ?

they may have some ideas?

I was selling in the 80's and there was a law then that pensioners couldnt get finance. But it wasnt because they didnt deserve luxuries, it was because the pension was so low they might not be able to repay the loan!!!

Good luck Marj!

I don't particularly like the NAB , but I know they will give pensioners personal loans .

Everybodys personal circumstances are different of course , and you would have to satisfy their requirements .

well we think (Marjo & Myself ) we can give some I'm not talking abouth 100's of dollars just a few

we still better off than some of us

-- Edited by Cruising Cruze on Sunday 4th of November 2012 04:53:51 PM

that lotto win takes far to long, Maybe we can do all an good deed and give Marj a few dollars

4000 members maybe it wil be enough

 Just an toughl

Let me know were I have to send the money to Marj

John

 

 

 

 

Practice random acts of Kindness

SEND ALL monies to

C/o wombat
wombat hole
Western Australia

 

wombat wrote

Dougwe was telling me sometime ago that dazren gives interest free loans for any amout to anybody

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This is True,!! however Dougwe forgot to mention that as'' COLLATERAL'' I require one wombat pelt for each dollar loaned ??

''SPECIAL'' THIS MONTH ONLY,  $2 Loaned for each WESTERN AUSTRALIAN  Wombat pelt.  ??  

 

wombat wrote

there are no western australian wombats, the only ones you will see over here are in zoo's, I only come out at night so that they don't catch me

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so how'd you go??

dazren wrote:

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 wombat wrote, ----   

you lost for words dazren, now that is unusual

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      hkb frvghse, nurwes, hevew vhhtr hgpotrunfgsferatrrfedm kmhlbnd tgrfe dtrvesrrrtdesavrstb

 

As you can see from above If i cannot think of any words i just make them up                                  

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 I can undestand that and I will not tell anybody, your secret is safe with me