Westpac provides customers with extensive benefits with their car financing options including competitive rates, EV and hybrid loan discounted rates, flexible repayment schedules, generous loan limits and secured car financing with fixed rates and fixed terms. Benefits which are greatly valued by many customers.
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Using Jade to secure your Westpac vehicle finance can further enhance these benefits. Our brokers know Westpac’s products and criteria and can quickly ascertain whether or not these are in line with the profile and requirements of our customer and their vehicle. Where Westpac is the right lender for that customer, we can expedite the quoting, approvals and settlement phases.
Where a customer does not meet Westpac criteria, we will source another option from across our 80+ lender panel. Where we can source a better solution for any customer, our brokers will present this information and allow the customer to make an informed decision on their car loan.
Our brokers assist and support customers through what can often be a complex lending process with a large bank or with any other lender. Explaining every detail in plain language. We work with our industry-level contacts at Westpac to negotiate terms and rates to deliver the repayment schedule that suits our customers.
Business customers also benefit from our detailed understanding of the latest tax regulations. Our brokers structure financing to optimise tax deductions and deliver solutions that will work with cash flow and long-term objectives. Speak with us about your requirements and we will advise how we can assist with better rates and flexible vehicle financing solutions.
Prior to requesting a quote or submitting an application, it can be wise to understand the eligibility criteria as set by Westpac. Criteria for eligibility and for approval varies with different banks and lenders. We know the matrix used by Westpac and can assist buyers in navigating the options and determining if this is the right lender for their profile.
As with all Consumer Credit, for Westpac’s Personal Secured Car Loans, applicants must be 18+ years old. They must have a regular taxable income in Australia, hold the relevant citizenship or visa documentation and provide details of their financials, employment and identity.
There are also criteria for the vehicle. Used vehicles must be less than 7 years old and must not have been written-off. EVs and hybrids must meet certain conditions for eligibility for discount interest rate loans. Comprehensive insurance is required.
To be eligible for Westpac business vehicle facilities, enterprises must have an ABN and provide their latest financial statements and 12 months of BAS returns. The minimum business finance amount approved is $15,000.
We can handle the application process for you to streamline the approvals procedure and save you time. Where you or your vehicle do not meet Westpac’s criteria, we will source you other motor vehicle financing options from across our vast lender panel.
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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.
DISCLAIMER: This comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for business finance or any indication that an application has been received or approved. The rates quoted are for business use where the funds are predominately for business use and may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
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Westpac offers discounted interest rate loans for EVs and hybrids, subject to the vehicle meeting their conditions.
Westpac requests 12 months of BAS records to be eligible for financing. That would require the entity to have GST registration.
Business operators that do not have all the financial documents to meet Westpac criteria may seek no doc options through brokers and non-bank lenders.
Yes. Westpac offers second-hand car finance subject to the car meeting their conditions, including not being more than 7 years old.
Chattel Mortgage (Vehicle Loan) and Hire Purchase have an optional balloon feature. Represented as a percentage of the total amount of the loan, this amount is due to be paid following the last monthly repayment.
A Novated Lease is a car finance product where an employer purchases a vehicle for an employee, and the employee sacrifices salary to cover the costs.
No. Car finance applicants do not need to be Westpac customers.
The minimum loan for Westpac business vehicle finance is $15,000.
Westpac offers personal car loans up to $100,000.
Westpac offers fixed interest rate car loans.
A secured car loan uses the vehicle as security for the money being borrowed.
Yes. Westpac offers weekly, fortnightly and monthly car loan repayment options.
Yes. Westpac offers Chattel Mortgage, which they refer to as a Vehicle Loan.
Terms of 1 to 7 years are available on Westpac car finance.
Westpac offers fixed rate vehicle financing, so the rate would not change over the term.
