The Smarter Way to Buy Your Next Car: Get Pre-Approved

Start your car buying journey with confidence

In the market for a new car? At First Credit Union, we believe buying a car should be exciting, not stressful. Instead of arranging finance at the car yard, get pre‑approved for your car loan first. You’ll know your budget, have stronger bargaining power, and be ready to move when you find the right car.

why get pre-approved?

✅ Stronger Negotiating Power

With pre‑approval in place, you can negotiate like a cash buyer. Dealers know your finance is already sorted, which can help when negotiating the price.

✅ A Clear, Set Budget

You’ll know exactly how much you can afford, helping you avoid overspending or being pressured into a loan that doesn’t suit your situation.

✅ Faster to drive away

Most of the financial checks are done upfront. Once you choose your car, final approval and funds can often be arranged quickly.

✅ Support 7 days a week

Car shopping doesn’t always happen Monday to Friday. We’re available weekends to help finalise your loan and release funds when you need them.

How pre-approval works

Getting your pre-approved is straightforward:

1. Apply online or visit a branch
   Complete an application and provide recent bank statements. We can also send you a secure link via our partner, Credit Sense, so you can share information safely through your internet banking.
2. We review your application
   Your dedicated Lending Consultant will assess your application and contact you if anything further is needed.
3. Receive your pre‑approval
   If approved, we’ll confirm your loan amount, repayments, and structure so you’re clear on what works for your circumstances.
4. Shop with confidence
   Visit car yards knowing your budget and ready to negotiate.

How long does pre-approval last?

Pre‑approved car loans are typically valid for 30 days.

Why pre‑approval expires
Pre‑approval is based on your financial situation at the time you apply. Because circumstances can change, we need to ensure the information remains current.

If you haven’t found a car yet
If more time is needed, simply contact us and let us know if anything has changed. This may require a new credit check before your pre‑approval can be extended or renewed.

Ready to Shop Smarter? A First Credit Union pre-approved car loan puts you in the driver’s seat long before you even turn the key. Find your dream car with confidence. Apply for your car loan pre-approval today.  

*Normal lending criteria and T&Cs apply. Subject to responsible lending enquiries. Third party fees of up to $29.90 per applicant may apply. Normal interest rates range from 10.95% p.a. to 18% p.a.