Find your best BYD finance rate with Driva

For most lenders, your credit score will be a major factor when assessing your application and pricing your loan. Typically, the higher your credit score, the lower rate you’ll be able to access. This is because your lender will be relatively confident that you’ll be able to meet your repayment obligations.

If you haven’t got a great credit score though, that doesn’t mean that all hope is lost. For some lenders, other factors are just as important as your credit score; like the BYD model you’re buying and the type of loan you’re after, as well as your current employment situation and other personal circumstances.

If you’ve got any questions about how your credit score will impact your BYD loan options, feel free to get in touch with our friendly finance team on 1300 755 494 or email us at contact@driva.com.au.

Each lender has their own minimum and maximum loan amounts which usually range between $2,000 to $1,000,000. The amount of money you can borrow for a BYD car loan is determined by your individual financial circumstances.

Factors like living situation, income sources and past credit rating will be taken into consideration to calculate the maximum loan amount and estimated repayments.

One approach to adjust your maximum borrowing amount is to change the length of your loan term (e.g. from 5 years to 7 years).

Use Driva's smart platform and local team of finance professionals to assist you to make the best BYD financing decision possible and get a better sense of how much you might be approved for.

We work with over 30 different lenders to give you confidence that the finance options you’re seeing are a good fit for the vehicle you’re thinking about and your personal situation.

Getting a loan approved and obtaining BYD vehicle financing might take anywhere from 2 hours to 2 days, subject to the lender you choose.

Every lender has different eligibility criteria when it comes to assessing loan applications. While for some lenders your credit score might be a deal-breaker, other lenders are willing to accept applicants with low credit scores because they’ll consider other factors as well, like the type of car you’re buying, your income and your current living situation.

Driva can help you finance any type of BYD vehicle. BYD offers a wide range of electric cars, buses, trucks and forklifts to suit your needs. Popular BYD vehicles include the BYD e6, which is an electric crossover SUV, the BYD Song MAX, a plug-in hybrid SUV, the BYD Qin, a plug-in hybrid sedan, and the BYD Tang, an electric SUV. The BYD e6 has a range of up to 186 miles, making it ideal for long-distance travel. The Song MAX has a range of up to 58 miles and is perfect for daily commuting. The Qin offers a range of up to 98 miles and is great for short-distance trips. Lastly, the Tang has a range of up to 310 miles and is an excellent choice for long-distance trips. With Driva's financing options, you can easily purchase any of these BYD vehicles.