Car Loans
When looking to buy a new car, it’s important you know what finance options you have available to you. There are thousands of loan options on the market, all with different interest rates, lending criteria and repayment options, meaning a lot of borrowers find looking for a car loan confusing and stressful.
To help borrower’s secure a car loan that makes sense, our network of brokers search hundreds of loans and provide borrowers with the most competitive loan options from over 50 lenders, including major banks and non-bank lenders.
Plus, they will guide you through the entire process, from start-to-finish and check-in with you post approval to make sure your loan stays competitive.
Our brokers can help you secure:
- new car loans
- used car loans
- secured car loans
- low interest loans
What are the types of car loans?
When searching for a car, you may have come across come unfamiliar loan types, all of which offer different options for borrowers getting a loan.
- Standard Car Loan – most borrowers will be familiar with this type of loan. It is a more traditional loan, where you get the money from a lender and pay the dealership or owner of the car you’re purchasing in a lump sum.
- Commercial Hire Purchase – this is where the finance provider (i.e. the lender giving you the money) purchases the car on your behalf, and let’s you ‘hire’ the car from them.
- Chattel Mortgage – a little different to a commercial hire purchase, a chattel mortgage is where the lender uses the car as ‘security’ for the loan, however the borrower owns the car from the outset.
- Novated Lease – this is where your employer is involved in the process. As the employee, you lease the car from the financier (usually the lender who puts up the money for the car), but your employer pays the repayments through your salary.
- Operating Lease – the lender purchases the car on your behalf, then rents it back to you. At the end of the loan period, the motorist can either continue renting it, purchase the car outright or change to another car.
Speak to your loan specialists about your car loan needs
With access to over 50 lenders, including Australia’s most recognised asset and car finance lenders, our network of brokers can help you secure the most competitive loan option.