FAQs

Most new car buyers select a Secured Car Loan where the vehicle is used as the collateral for the financing.

Interest rates on all motor vehicle loans are individually offered by lenders based on their assessment of the application and review of the credit score. Rates advertised by lenders are typically the best available for good credit applicants.

To apply for personal vehicle financing, buyers will need to provide information on employment, income, debts, expenses, residential status, ID and similar. Business buyers require an ABN, tax returns and business financials.

Secured personal car loans and business finance products are typically arranged at a fixed interest rate. Unsecured personal loans may be at a variable or fixed rate.

Where the vehicle is accepted as collateral for secured credit, most buyers will not need to provide additional security, subject to individual lender criteria.

Lease payments are fully deductible under ATO rulings.

A balloon is available on Chattel Mortgage and Hire Purchase. A residual is available on Leasing.

Some lenders offer special green vehicle loan deals. Hybrid buyers would need to check eligibility as green offers may be limited to full battery electric vehicles.

With fixed interest rates and a fixed term, the monthly repayments do not change over the term.

No deposit financing is available, subject to individual lender approval of the application.