FAQs

Buyers purchasing SUVs for private use can select a secured or unsecured car loan. Business buyers can select from Leasing, Hire Purchase and Chattel Mortgage.

Subject to individual lender approval, buyers can borrow the full purchase price of a new car.

Applicants for car loans must be over 18 years, have ID, the relevant residency status, financial information, income and employment details and business buyers require an ABN and financials.

Most personal and business vehicle financing has a fixed interest rate. Some lenders offer variable rate options on secured and unsecured loans.

Secured credit uses the vehicle as collateral for the funding. Subject to lender guidelines, some buyers may be asked to provide additional security.

Chattel Mortgage financing delivers a tax deduction when the vehicle is depreciated in line with the current ATO schedules. Interest charges are deductible.

Terms for vehicle leasing are subject to individual lender approval. Up to 7 years is a typical lease term.

There are lenders that offer special ‘green vehicle’ loans which may cover Hyundai EVs.

Yes. Applications for vehicle financing can be submitted and approved based on an estimated loan amount and an indication of the vehicle.

The value of the balloon is subject to lender approval.