Car Loans
What kind of car are you buying today?
- Brand New Car
- Electric Vehicles
- Used Car Dealer
- Used Car Private Sale
- Vintage Car
- Luxury Car
- Van / Ute
Consumer Car Loans vs Chattel Mortgages
There are different car loans depending on whether you use the car for personal use or business use.
Consumer car loans are for those who use the car predominately for private or personal use.
Chattel mortgages are for businesses or sole traders under an ABN that use the car predominately for work use. Depending on the nature of the business, some lenders may require an accountant’s letter to confirm the business use percentage.
Why should you use a broker
for car loans?
Competitive Interest Rates: We will find the most competitve rate based on your profile. We have an extensive panel of lenders offering competitve rates in the current market. We always aim to find you the best car loan based on your requirements.
Flexible Loan Terms: Lenders have flexible loan terms starting from 1 to 7 years. Longer the loan term, smaller the repayments. Also most lender don’t have early termination fees so you’re never locked in and can exit the loan without any hassles.
Quick and Easy Application: Our streamlined application process ensures that you can apply for a car loan quickly with ease. By providing basic information, we will do the research to ensure the right product is suited to your needs and also provide a higher chance of approval which means you can be driving away in your dream car sooner.
Personalised Solutions: We understand that everyone’s profile is unique. Our job as a broker is to understand your financial position as well as your requirements to find a suitable product that meets your needs. We take pride in exceeding customer’s expectations.
Excellent Customer Service: We want customers for life. We treat every individual not as a number but as a valued customer and our priority is to make sure that you are 100% satisfied with our overall service, support and follow up.
Need More Info?
How to find the best car loan?
Check your credit score
Credit scores are important when it comes to car loans as it will determine the rate for your loan. Lower credit scores will generally yield a higher rate due to the level of risk profile. We can help you check your credit score before lodging an application to ensure a higher chance of approval.
It’s not always about the rate
This is a common question that will get asked by customers – what is the rate? Different banks will offer different rates depending on each individual’s profile. However lower rates does not mean that it is the best car loan. By only comparing the rate, this is not a true comparison as sometimes a lower rate can have a higher monthly repayment. This can be due to fees associated with the loan. This is why we will help you compare all the available options to ensure you are getting the most competitve car loan.
Personalised rate
Each individual or business will have different rates for their car loans. Factors such as employment history, whether you are a home owner or renter, how long your business has been trading for and also the age of the car you are buying determines the rate. We will assess each person and their current scenarios and find the most competitive car loan.
Fees
The types of fees to look out for in car loans are: early termination fees, additional repayment fees, monthly admin fees and establishment fees. All of the lenders will have an establishment fee but only some will have monthly admin fees which is a factor to consider when comparing car loans. Also some lenders wont charge for early termination fees or additional repayment fees. The lender who charge for early termination fees is not as bad as it sounds because the fee will reduce as the term reduces.
Set a Budget
Most important thing to consider when getting a car loan is to always set a budget. Determine how much you can afford to spend on a car each month. We will help determine the right car loan based on your budget.
DISCLAIMER STATEMENT
DISCLAIMER STATEMENT
This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.