Car Loans

Car loans are offered by independent companies in Australia today. Buying a car is one of the largest purchases that you are ever likely to make – aside from your home. You can get financing direct from the car dealer or even from the bank. Yet the interest rates offered at many car dealers in Australia just aren't as reasonable as those offered by specialist car loan companies.

Credit Report        Car Loans Information

You MUST apply through this site to guarantee any rate, spread, fee or margin listed

Use the table below to compare car loans – check what rates they offer and if there are any other fees attached to the loan. Take your time before making a choice about the loan as financing a car is a significant step that requires patience and an eye for a good deal!

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Enquiry Line: +61 (0) 2 91916575

COMPANYTYPEAPRLOAN AMOUNTTERMSSUITABLEID REQUIREDMORE INFO
Aussie
Aussie		Lender13.49%From $3,000You must be over the age of 18 years old and in paid employment.Get yourself a new or used car, caravan, trailer, scooter, motorcycle or boatDetails of your income, savings, employer assets and expenses.Aussie
An Aussie car loan can be used to buy cars, scooters, boats, motorcycles, caravans or any vehicle you want. Applying online only takes 20 minutes and you could have your loan approved by the next working day. With an Aussie loan you can borrow any amount from $3,000 as long as you have the capacity to pay for it.
DETAIL INFORMATION >>		Services

Services

1. You can make repayments monthly, fortnightly or weekly by Direct Debit.
2. While the loan is fixed, you can pay lump sums into your loan to reduce your loan term


Restrictions

Restrictions

1. You must be over the age of 18 years old.
2. You must be a permanent Australian resident.
3. You must be in paid employment.
4. You must be free of any defaults on loans or credit cards in the last 5 years.
5. You cannot have been bankrupt in the last 7 years.


Advantages

Advantages

1. Fixed interest rates.
2. You can make repayments monthly, fortnightly or weekly by Direct Debit.
3. You can borrow up to any amount you want as long as you have the capacity to pay for it
4. While the loan is fixed, you can pay lump sums into your loan to reduce your loan term


Disadvantages

Disadvantages

1. You’ll pay an establishment fee of $199 only once, when you first get the car loan.
2. There’s a monthly admin fee of $10 which you’ll pay for the term of the loan.
3. There’s also an early repayment fee, but you’ll only need to pay this if you pay-out your car loan early. The amount will depend on when you pay out your car loan.

Westpac
Westpac		Lender11.49% - 12.99%Between $4,000 and $100,000This loan must only be used for personal purposes that do not contravene any laws in Australia or laws of any applicable overseas jurisdictionA new car for personal use.Your drivers licence number.Westpac
With the Westpac New car loan you can borrow up to $100,000 to buy a new car. You can apply online or over the phone and could receive conditional approval for within minutes. This is a low, fixed interest secured loan, be aware however, you will have to pay a $250 establishment fee and also a $7.50 monthly service fee.
DETAIL INFORMATION >>		Services

Services

1. They aim to give you a decision within 24 hours of receiving your application.
2. If your employer is part of our Corporate Connections program, you may be eligible for a discounted rate.


Restrictions

Restrictions

1. Permanent monthly income, which can be verified
2. Good credit history with no bankruptcies
3. Your Australian drivers licence number (if you have one)
4. Details of your current financial commitments


Advantages

Advantages

1. Borrow up to $100,000 with this low, fixed interest secured loan to buy a new or used car
2. You could receive conditional approval within minutes of applying over the phone
3. Reduce your monthly repayments by extending the term of the loan for up to 7 years
4. Choose how much to repay each month, as long as it results in your loan being repaid within 1 to 7 years.
5. Make extra repayments when you have additional funds to reduce the term of your loan faster
6. There is one simple monthly repayment so you know exactly how much you need to pay
7. Multiple repayment options


Disadvantages

Disadvantages

1. $250 establishment fee.
2. $7.50 monthly service fee.
3. If you choose a term greater than 2 years, and pay it out in less than 2 years, there is a prepayment fee of $175.

ANZ
ANZ		Lender9.00% - 13.00%From $7,500The car must be less than seven years old and the amount being financed must be over $7,500Easy to budget.Current drivers licence , details of your income, assets and liabilities and employer's address and contact number.ANZ
ANZ Car Loans offer a lower interest rate than most personal loans as you use the car as security. You can apply online in less than 20 minutes and your application could be approved by the next business day. ANZ offer loan terms from one to five years, and your choice of repayment frequency options (fortnightly or monthly).
DETAIL INFORMATION >>		Services

Services

1. They will manage all the paperwork and email the contract documents directly to you.
2. Your choice of repayment frequency options (fortnightly or monthly), so you can set up your loan to suit your budget and pay cycle.


Restrictions

Restrictions

1. The car must be less than seven years old
2. The amount being financed must be over $7,500
3. All applications are subject to ANZ Car Loans' normal credit approval criteria.


Advantages

Advantages

1. Lower interest rate than most personal loans.
2. Budgeting is easy because there will be no changes to your repayments during the term of your loan.
3. Fast and simple application process
4. No deposit for approved customers
5. Flexible repayment options and your choice of loan term


Disadvantages

Disadvantages

1. Loan establishment fee $250
2. Loan administration charge $5 a month
3. Late payment fee $20

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