How-It-Works
 
  How Prepaid Cars Works  
  Prepay and Drive Away  
 

Prepaid Cars is a cost effective and convenient way to own a safe and reliable car. Our unique prepaid model covers all vehicle expences in a simple monthly payment. It has been designed to deliver a fair approach to vehicle ownership and for those who find it difficult in obtaining car finance:

  • Tradespeople
  • Labourers
  • Busy Executives
  • Small Business Owners
  • Young Drivers
  • New Immigrants
  • Recently Divorced
  • Long Term Visa Holders
  • Poor Credit History
  • Discharged Bankrupts
  • Declined by the Banks
  
 
  Features of Prepaid Cars:  
 

We give our customers a single monthly all inclusive payment.

Ability to “walk away” from the contract after a three month qualifying period without early termination fees.

We provide a rental protection plan which covers 3 months of payments in the event of sickness or unemployment.

Full vehicle protection package which incudes:

  • Comprehensive insurance
  • Extended warranty
  • Minor and major services
  • Roadside assistance
  • Additional bonuses
  • Registration renewal
  • Automated logbooks
  • Automated servicing reminders
  • Emissions offset program

Opportunity to drive your car for free by referring customers to Prepaid Cars.

Ability to upgrade to a newer car at 24 months with a reduced monthly payment

  
 
 

  How to Get Your Prepaid Car  
  Step 1. Pre-Approval Form  
  There has never been an easier way to own a car. Take a few minutes to fill out the online pre-approval form. Upon completion, Prepaid Cars will make a quick assessment of your monthly credit limit and notify a customer service representative of your application. You will be emailed a pre-approval certificate outlining your credit limit which is valid for 30 days.  

  Step 2. Select a Car  
 

Prepaid Cars make getting a car easy. We display a selection of cars available in your area and within your budget, based on your application details. If you like any of the vehicles on offer, just select the “interested” button and a customer service team member will organise for you to view and test drive the vehicle at the dealership. You will need to act quickly as the cars on offer will be snapped up because they all come with a pre-inspection report, pre-servicing and have been selected as the best the dealership has to offer in terms of reliability and safety.

  

 
  Step 3. Visit a Dealership  
 

If you like a particular vehicle, you may be able to have the keys to your new car within 7 days. All you have to do is:

  • Present the pre-approval.
  • Present 3 Months Bank Statements to Validate Regular Income.
  • Payslip or typed letter from your employer stating your income and time at employment.
  • Proof of home ownership or rent receipt (if your renting).
  • Have a valid drivers licence.
  • Bring 2 types of identification; drivers licence (with correct address), Medicare card etc.
  • Bring a utilities invoice with your name and address on it.
  • Pay the upfront membership fee.
  • Pay first month’s rent in advance.

At the dealership, you will also be given the option to upgrade from our standard star membership to a platinum star membership at no extra cost. This will give you a prepaid Visa ™ debit card which will allow Prepaid Cars to pay cash bonuses to you during the life of the rental agreement (if you are eligible). It will also act as a simple payment system for your monthly payments and can be used at any store in Australia that accepts Visa ™

  

 
  Step 4. Drive Away  
 

The terms of our rental agreement are simple. They have been designed to cover both parties over the life of the rental contract. At the end of the 48 month contract you take ownership of the vehicle upon payment of a small transfer fee. During the contract period Prepaid Cars manage your payments by using an in-vehicle system that can remotely locate and immobilise the vehicle should a payment default occur. This is similar to the payment of phone or utility services where non-payment results in no service. Under the rental conditions we would be entitled to immediately recover the vehicle at our discretion after our 3 day notice period.

  

 
 

         
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