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 -
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
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2006 Discovery 3 TDV6 SE Auto - 2008 23ft Golden Eagle Hunter Some people feel the rain - the others just get wet - Bob Dylan
I know I can comfortably afford repayments. Its not like I would be buying a Rolls Royce. Definitely not a luxury is it? to want some wheels. We just have to tighten our belts a bit to get what we want.
you should get a Rolls Royce and a Rolex to go with it, perhaps another Rolex for Sunday's
if you did that centerlink would be looking at your paperwork and saying "what is going on here"
-- Edited by _wombat_ on Saturday 3rd of November 2012 08:06:57 PM
Check with the RAC too Marg, I am not sure what their criteria is for their loans, might be worth checking.
I notice that Australian Car Sales are doing free sales ads now like Gumtree, may be a source for selling you old campervan and possibly buying another. For some reason they list campervans under Station Wagons, don't seem to have a separate section for them, see;
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
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2006 Discovery 3 TDV6 SE Auto - 2008 23ft Golden Eagle Hunter Some people feel the rain - the others just get wet - Bob Dylan
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 ?
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!!!
I know I can comfortably afford repayments. Its not like I would be buying a Rolls Royce. Definitely not a luxury is it? to want some wheels. We just have to tighten our belts a bit to get what we want.