No Deposit Car Finance - Low Interest Car Loans

5 Feb Today's best
rate from
Car Consumer Rate
5.39 %
Fixed
Car Comparison Rate
6.66 %
Comparison*
*THE INTEREST RATE IS CALCULATED ON A SECURED LOAN FOR BUSINESS USE, EFFECTIVE 05/02/2023AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
**THE COMPARISON RATE IS CALCULATED ON A SECURED LOAN OF $40,000 FIXED FOR A TERM OF 5 YEARS, NEW GOODS, EFFECTIVE 05/02/2023 AND SUBJECT TO CHANGE. WARNING: THE COMPARISON RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT COMPARISON RATE.

Compare Car loans Rates

We can provide no deposit motor finance across our loan portfolio and we can achieve cheaper interest rates across all our finance products. To see exactly how our best car finance rates compare with others you may source in the market, use our handy reference chart. Enter the loan amount you want and the loan term and the chart instantly calculates the repayment based on that rate, subject to details as noted. It’s quick and easy to see the better finance deals that we can achieve. To find out exactly what we can achieve for you, call 1300 000 008 and discuss your requirements with one of our consultants.

Loan Amount $ Loan Term
Lender Loan Product Advertised Rate Comparison Rate Monthly Repayment
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* The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.

If you’re in the market for a personal car loan or business vehicle finance, then your probably don’t want to use your existing cash reserves for the purchase. We understand that completely, which is why Jade Finance offers no deposit car finance across our full range of car loans and motor vehicle finance products, dependent on individual lender requirements.

That means, there is no deposit requested by whichever lender we arrange your car loan with. You can include the total purchase price of the car and some extra expenses, in the loan amount and keep your cash for other purposes.

This ‘no deposit’ feature is distinct from a deposit which may be requested by the seller. If purchasing say a new car from a motor dealer, they will most likely ask for a ‘holding deposit’ to confirm the sale while they prepare your vehicle for delivery.

If buying from a private seller and you need time to arrange your car loan, the seller may want you to put some money up to secure the sale so they can take it off the market. If buying at auction, you will definitely need to pay a deposit ‘on the hammer’.

However, these seller deposits are usually refundable – sometimes a dealer or auction house will take a credit card imprint as security.

Key Points for Consideration

  • Your Jade Finance consultant will arrange your car loan for 100% of the price of the car. No deposit is required by the lender. We know what lenders will extend this loan feature and we will source your car loan from them.
  • No deposit finance is available for business motor vehicle finance and personal secured car loans.
  • Depending on the condition of a used car will determine the preparedness of a lender to extend a no deposit car loan offer. If you definitely require a no deposit loan for a used car,  your Jade Finance consultant is ideally positioned with a great network of contacts to source an offer for you.
  • For business finance customers, Chattel Mortgage, CHP, Car Lease and Rent to Own can all be arranged with no deposit.
  • When assessing your financial objectives moving forward, take into account that if you do pay a deposit to the seller, say 10-15% of the price of the car and borrow the remaining 85-90% from the lender, you are reducing your overall loan amount. This will reduce your monthly repayments and/or reduce your loan term. So you can pay off your car faster.
  • If you’re purchasing in an environment that requires a significant deposit by the seller and you want to avoid large sums of your cash being held for a length of time, we have a solution. You can contact Jade Finance before you start car shopping and arrange pre-approved car finance. With your application approved and car loan in place, your Jade consultant will be able to quickly complete the sale for you. Handling the paperwork, liaising with the seller and checking REVs and other regs.

Jade Finance are car loan professionals with a wealth of knowledge and information to assist with your car purchase. So please contact us to ask all the questions you have in regard to car financing.

Speak with a Jade Finance Consultant to discuss a no deposit car loan. Call 1300 000 008

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Request a free finance quote by calling 1300 000 008 or directly online.

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