How can brokers get such low car loan interest rates?

The secured reference in Secured Car Loans refers the security or guarantee of the loan. With this type of loan, the lender who is giving you the loan, uses the car you are buying as security against what you are borrowing. The vehicle is the security which is why this is a secured loan. If the borrower defaults or fails to make the scheduled repayments, the lender holds the right to repossess the automobile and sell it to recoup what is owed to them. While the lender has security over the car, the borrower has full use of the vehicle and is responsible for all costs such as insurance, registration, fuel, repairs and maintenance. Once all the payments have been made and the loan finalised, the lender releases the security.

Can I get 100% of the car purchase price?

Borrowing 100% of the purchase price of a car can be referred to as a no deposit car loan. Many car buyers don’t want to use their existing cash reserves on a deposit and with interest rates so low on loans, it can make a lot of sense to borrow 100% of the purchase price of the vehicle. If that is your preference, you can apply for 100% of the purchase price in your loan. But with all loans treated on an individual basis, the outcome will depend on your loan application and in particular your credit profile. This is very often achievable for new cars but used cars may be assessed by lenders in regard to age and condition. If the ratio of purchase price to valuation of the vehicle does not meet the lender guidelines, they may request a deposit be paid to reduce the overall loan amount.

What cars can I get a loan for?

Personal Secured Car Loans are designed for the purchase of vehicles which are primarily for personal use. That can cover a wide range of vehicle types and categories. This would include sedans, hatch backs, wagons, SUVs, convertibles, 4WD vehicles and many others. Secured Car Loans are available for both new and used vehicles which are purchased through an authorised dealer, from a private seller or even through an auction house. A loan offer is assessed by individual lenders based primarily on aspects of the loan applicant rather than the vehicle itself. The vehicle does come into play with used cars. Some special vehicles such as vintage cars and possible racing cars may require specialist lenders.

Can I set the loan term I want?

Yes, subject to your loan being approved. A pre-approved loan is a loan that is arranged right through to the approvals stage before a commitment is made on a car purchase. The common practice used to be to first find and buy the car and then source finance. But more and more people are realising the benefits of having their finance approved prior to committing to a purchase. A pre-approved loan is arranged based on an estimate spend. You provide your broker or lender with a rough idea of the loan amount you will need based on the car price you will be seeking. They arrange your loan and have it approved to that value so you can confidently proceed. When you finalise your purchase, the loan is finalised based on the exact figure.

Secured Car Loans - Personal Car Finance Australia

For individual buying a car for personal use, a Personal Secured Car Loan is the most popular option. It suits most people, most cars, is straight-forward and includes Jade’s cheap interest rates. While you might be tempted to simply apply for car loan through your bank or just accept the finance offered by the car dealer – stop and think. Jade Finance offers significant benefits over these options which will save you time, hassle and most importantly, money.

Your Jade Finance consultant has the experience, negotiating skills, expertise and bargaining power to secure you a cheaper car loan. No cookie-cutter, tick boxes car loans with Jade. We know how to present the most positive aspects of your application so you receive the cheapest offer and we tailor the secured car loan to suit your requirements.

Key Features

Jade’s cheap interest rates assurance.
Interest rate fixed for the term of your car loan so you have confidence moving forward with your life plans.
The monthly repayments are set to suit your budget and fixed for the full term of the car loan period.
No deposit is requested by the lender.
You may include on-road costs, rego and other expenses relating to the car purchase in the overall loan amount.
Term of the loan, ie the number of years you will be paying it off, is fixed. Your Jade consultant will negotiate with the lender to achieve the term and repayments that you want.
Lender uses the car as collateral security against your car loan while you have full use and ownership of the car from the date the loan and purchase is completed. The security is registered with relevant authorities and released when you have finalised all payments. If you default on your car loan, the lender has the right to repossess the vehicle to recover any outstanding monies owed.
You are responsible for rego, insurance, maintenance and other expenses.
Additional payments can be made so you pay your car off earlier than the fixed term.
You can decide to pay out the car loan before the agreed loan term. In this instance, minimal ‘break fees’ will apply. This is a fee charged by the lender for ‘breaking the loan agreement’. If you think you might choose to do this in the future, ask your Jade consultant for details.
Suitable for new and used cars.
Suitable for cars purchased from an authorised dealer, private seller or at auction.

Your Jade Finance consultant can assist with the paperwork and other issues including REVs checks, interstate issues if buying an out-of-state vehicle and can organise pre-approved finance to give you greater confidence when dealing with private sellers or buying at auction.

Loan Amount $ Loan Term

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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.

Trying to decide how much you’ll pay for the car you want? Use our online calculator for a repayment estimate. You can use if for as many cars as you’d like to compare.

Speak with a Jade Finance Consultant to discuss a secured car loan for your car purchase. 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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Secured Car Loans FAQs

The Secured Vehicle Loan is the most commonly used type of loan for people buying cars for personal use. The format is straightforward and relatively universally accepted throughout the motor vehicle lending sector. It is quite simple in structure but that does not mean that there will not be questions you have around specifics and details. So we have singled out a selection of queries and if you have any more, please do not hesitate to email us or just give us a call on 1300 000 008 and one of our consultants will assist you.

Personal Car Loans