FAQs

Chattel Mortgage and CHP attract the lowest rates, Leasing slightly higher and Rent to Own the highest.

Rates vary with different credit facilities due to the format and structure of the facility.

Yes. Interest payable on the repayments is a tax deduction for all types of credit products.

Lenders will assess the vehicle as part of the application assessment process. Used vehicle credit may attract a higher rate but competitive rates can be achieved.

Typically, commercial auto credit is secured with a fixed interest rate which does not change over the term.

Each application is assessed individually. New operators without full financials may require Low Doc and No Doc funding. Competitive rates can be offered depending on the individual situation and security available.

In general terms, the rates advertised by lenders will apply to all types of new vehicles for good credit profile applicants.

Buyers can convert interest rates to repayment estimates using an online credit calculator.

An online calculator is a generic device which does not include lender charges and does not make allowances for variations in individual credit profiles and applications. Any offer may be different from the estimates obtained using a calculator.

Yes. Pre-approved funding attracts the same rate as an application made after a commitment to buy has been made.

Lower rates may be obtained by improving the credit situation or profile, possibly reducing the amount requested and by applying to a different lender. Rates vary across the lending market.

Lenders price their portfolio based on their own guidelines and forecasts for rates and other indicators.