Car Loans & Vehicle Finance

(see Dealer Supplied and Private Sale goods information)

This is a typical secured consumer loan which is used by individuals, who wish purchase a new or used motor vehicle. A consumer based Car Loan requires that the goods are used as security.

The car cannot generally be older than 12 years at the end of the contract (exceptions do apply), so if you are looking to finance a vehicle over 5 years then you should generally look at a 2000 or
newer.

This type of loan falls under the consumer credit code (UCCC) where the interest rate, commission
and other fees are disclosed on the contract.

Benefits:

No deposit is generally required, but you may still contribute to reduce the amount you finance and lower your payments
Trade in your current vehicle to reduce your payments
The car being financed is in most cases sufficient security for the financier
The interest rate is fixed for the term of the loan which means your repayments don't alter
Pay the loan out in full at anytime
Tailor your repayments to suit your cash flow for example put a balloon payment at the end to reduce your repayments (conditions apply)

Features:

You can finance the asset from 1 year to 5 years
Finance amounts start from only $10000
Choose your own repayment frequency to suit your individual needs Fortnightly, Monthly, quarterly, semi-annually, annually, or irregular
And make your repayments via D-debit, BPAY, coupon book