Vehicle Expenses Loans

Get back on the road with confidence. Fast financing for your vehicle costs.

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Vehicle Expenses Loans

 

When unexpected car repairs or vehicle expenses strike, they can put a major dent in your finances. We recognise that life often takes unexpected turns. With a Mega Cash GO loan, you’ll be back on the road in no time. Borrow up to $5000 to cover all your car repair and vehicle-related expenses.

 

What is a Car Repair or Vehicle expenses Loan?

Car Repair and Vehicle Expenses Loans are special types of personal loans designed to address all your automotive needs. Whether you’re grappling with unexpected mechanical issues, aiming to spruce up your vehicle with accessories, or covering essential expenses like registration and insurance, our loans offer versatile financial support. Mega Cash GO vehicle expenses loans are available for both new and used cars, including electric cars, as well as other registerable vehicles like motorcycles or boats.

 

Why apply for a Car Repair or Vehicle Expenses Loan?

Cars play a crucial role in the daily lives of most Australians, with nearly 80% of households owning at least one vehicle. Despite their indispensable nature, cars are notoriously expensive to maintain with costs like registration, insurance, servicing, and repairs. Given these expenses, it’s common for Australians to take out a personal loan to help cover the costs.

Here are a few reasons why a vehicle expenses loan could be the right choice for you:

  • Maintain Independence: Keep your vehicle running smoothly so that you can continue with your daily routine without having to rely on others.
  • Safety First: Prioritise the well-being of you and your passengers by ensuring your vehicle remains safe and roadworthy at all times.
  • Prevent Further Damage: Addressing car issues promptly can prevent minor problems from escalating into more significant, costlier repairs down the road.
  • Protect Your Investment: Protect the value of your vehicle by keeping it in top condition, ensuring it retains its resale or trade-in value.
  • Budget Management: Spread out the cost of vehicle expenses over manageable instalments, allowing you to maintain control over your finances.

 

 

What do Car Repair and Vehicle Expenses Loans cover?

Whether you’re facing unexpected repairs or routine maintenance, our car repair and vehicle expenses loans provide you with the flexibility to address your automotive needs promptly, ensuring you can keep your vehicle running smoothly and safely. Some of the expenses typically covered by a Car Repair and Vehicle Expenses Loan include:

  • Mechanical repairs
    • Engine repairs or replacements
    • Transmission repairs or replacements
    • Brake system repairs, including brake pad and rotor replacement
    • Suspension and steering system repairs
    • Cooling system repairs, such as radiator or water pump replacement
    • Electrical system repairs, including alternator or starter replacement
    • Fuel system repairs, such as fuel pump replacement
    • Ignition system repairs, including spark plug or ignition coil replacement
  • Body repairs
    • Dents or scratches
    • Panel repair or replacement
    • Tinting and painting
    • Windscreens and windows
    • Mirror repairs
    • Headlight or taillight repair or replacement
  • Tyre-related services such as replacements, rotations, and alignments
  • Towing costs
  • Servicing costs
  • Vehicle registration including cars, motorcycles, boats, and trailers
  • Insurance including CTP greenslip
  • Car modifications for performance, safety, or aesthetics
  • Car accessories such as GPS navigators, dashcams, or roof racks
Types of Mega Cash Go Loans:
Loan Feature Small Loan Personal Loan
Loan Amount $300 to $2000 $2050 to $5000
Costs 20% establishment fee + 4% of loan amount per month Establishment fee of $400 + 36% p.a interest
Loan Terms 1 to 12 month duration 2 to 24 month duration

Get back on the road faster. Get Started with your loan today!

Frequently Asked Questions

View all FAQ's

Am I eligible for a Mega Cash GO Vehicle Expense Loan?

If you are over 18, an Australian citizen or permanent resident and receive an income, you may be eligible for a Mega Cash GO Vehicle expense loan.

We verify all your details to make sure you’re in a position to repay. Our top priority is to ensure that you have a great experience and are able to comfortably repay your loan.

Mega Cash GO offers loan between $300 and $5000! The amount you can borrow will be based on the amount you ask for and your personal circumstances at the time you apply.

Mega Cash GO will perform an identity and credit check with a credit reporting bureau, as well as assess your income and expenses to ensure that the product you choose is right for you.

You’ll always see a clear breakdown of all your fees and repayments before you confirm your loan. As a quick reference, though, here’s a general breakdown of fees:

Small Loan: If the principal amount you borrow is between $300 – $2,000 you’ll pay:

  • Establishment fee: 20% of the principal amount

  • Monthly loan fee: 4% of the principal a month

Medium Loan: If the principal amount you borrow is between $2, 050 – $5,000 you’ll pay:

  • Establishment fee: $400 flat rate

  • Interest Rate: 36% p/a

Mega Cash GO has tried to make our application process quick and easy! We don’t like paper and boring consultation meetings. We do still need to know some things though…

What you will need to apply:

  • Your internet banking details
  • Two of the following forms of identification (driver licence, Medicare card or passport number)
  • Your BSB and bank account number (so we know where to deposit your money)
  • Plus all the usual stuff like your name, DOB, Address, employment information and details on your current expenses.

Apply: Apply here and answer some basic questions or download our app and apply.

Link: Link your bank account for instant approvals and cash delivery.

Verify: For security purposes, we’ll request that you verify your ID.

Approval: Your loan application is either approved or Denied. Either way, you’ll know if your loan’s been approved before the end of the day.*

*application must be received before 3:30pm AEST 

Cash delivered! Once you’re approved, we’ll send you a direct deposit in minutes.

We understand the importance of fast financing, especially when it comes to getting from A to B. Our technology enables you to upload all necessary documents directly from your mobile or computer, allowing us to provide you with a speedy response.

Once you’re approved, you’ll receive your funds within 5 minutes of confirming your loan.*

*Loan must be approved by 3:30pm AEST during banking days. Otherwise, the payment will be processed on the next business day. Clearance time is subject to your bank.

WARNING! Do you really need a loan today?

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

 

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
  • If you are on government benefits, ask for an advance from Centrelink: www.humanservices.gov.au/advancepayments

 

The Government MoneySmart website shows you how small amount loans work and suggests other options that may help you.* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

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Apply and manage your loan in-app today!