Frequently Asked Questions

This page contains answers to commonly asked questions about applying for car finance with Madison Finance and the Rewards salary packaging solution.

Applying for Car Finance
What happens when I apply for car finance with Madison Finance?
When do I get the money?
How do I make repayments?
Can I change my mind about taking out car finance with Madison Finance?
Can I apply again if I am not accepted the first time?
Can I choose the date to make my repayments?
What can I do if my loan is not approved and I don't agree?
When is a credit reference carried out?
What is credit scoring?
How do I arrange a certified copy of a document?

REWARDS™ Novated Lease
Who can benefit from a Novated Lease?
What should I do before I proceed?
How do I request a formal quotation or submit an application?
When should I start this process?
What vehicle choice do I have?
Can I lease a second-hand vehicle?
Can I source my own vehicle quotation?
What lease term can I choose?
What residual value will apply?
How does Fringe Benefits Tax affect my lease?
What happens to my credit application details?
How do I find out about details such as car services, tyres, etc?
Do I need to insure my vehicle?
Who is responsible for the payment of insurance renewals?
Who is responsible for the payment of registration renewals?
Can I add items to my car after delivery and have them accommodated through my package?
How do I know if I am traveling to budget?
What happens if I go on unpaid leave (e.g maternity leave, extended leave)?
If I change employment, can I novate the lease to the new employer?
What happens when my lease term expires?