Car Finance
Whether you are buying from a dealer, a private seller or at auction, we arrange car finance for personal and business use across Australia.
Access to 50+ lenders means we match your situation to the right one instead of taking whatever your bank offers, including files with defaults, a low credit score or short time in a job.
Fast approvals, often the same business day, and we handle everything from application through to settlement.
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How Car Finance Works
Most car finance in Australia is a secured loan. The car itself is the security, which is why car finance rates sit well below a personal loan or a credit card. If payments stop the lender can repossess the car, and that lower risk to them is what buys you a lower rate.
If the car is mainly for personal use, it goes through as a consumer car loan regulated under the National Consumer Credit Protection Act. The lender has to verify your income and living expenses properly and confirm the repayment genuinely fits your budget. If the car is mainly for business use, a chattel mortgage is usually the better structure. That gets assessed on the business rather than your household budget and opens up GST and depreciation claims. We write both consumer car loans and business vehicle finance, so the first thing we work out is which side of that line you sit on.
Terms run from 1 to 7 years. Five years is where most car finance lands because it balances the repayment against how long people actually keep a car. Rates are fixed for the full term on almost every car loan, so the repayment never moves.
A balloon is a lump sum left owing at the end of the term. It cuts the monthly repayment, sometimes significantly, but the money is still owed when the term finishes and you either pay it out, refinance it or trade the car in. Which way you go comes down to what matters more to you. If owning the car outright at the end is the priority, no balloon. If keeping the monthly payment down matters more and you expect to change cars in a few years anyway, a balloon does the job. We run both numbers before you commit to either.
What You Can Finance with Car Finance
We finance from $5,000 up to $750,000 and beyond. That covers a first car for a new driver through to European performance cars, fully optioned dual cab utes and luxury vehicles at the top end.
New cars are the simplest file. The dealer supplies the invoice, the lender pays them directly and you drive away.
Used cars are where most of our volume sits. Lenders assess the age of the car at the end of the term, not the day you buy it. Most want the vehicle under 12 to 15 years old when the loan finishes, so a 10 year old car on a five year term is at the edge for some lenders and comfortable for others. High kilometres tighten it further. This is exactly where 50+ lenders earns its keep, because a car declined on age by one lender is a straightforward approval somewhere else.
Private sales are common and we do plenty of them. The extra step is a PPSR check confirming there is no existing finance registered against the car. If money is still owed on it, the lender pays that out first and the balance goes to the seller. Buying privately without checking for finance on the car is how people end up watching a car they have already paid for get repossessed. We run that check on every private sale file before any money moves.
Auction purchases work as well, though you want approval in place before you bid because auction houses expect settlement fast, usually inside 48 hours.
Dealer demonstrators, ex fleet vehicles, classic cars, fully complied imports and electric vehicles are all financeable.Grey imports and heavily modified cars are harder and come down to the individual lender.
Who Car Finance Is For
Car finance is our most common personal finance product and suits anyone buying a car who would rather not empty their savings to do it. The reasons people come to a broker instead of their bank vary a lot.
PAYG employees with a clean credit file are the easiest approvals and usually get the sharpest pricing. If you own property, even with a mortgage over it, that generally improves your rate and can remove the deposit requirement completely.
Self employed buyers, sole traders and anyone with an ABN have more options than they expect. Where the car has genuine business use we can look at low doc structures built on your ABN and GST registration rather than two years of tax returns. ABN car finance is assessed differently to a standard consumer loan and it often lands better for people whose returns understate what they actually earn.
Bad credit is workable. Defaults, judgments, a low credit score, a previous car loan that went bad, part 9 arrangements and discharged bankruptcy are all things we place. It is not a hard out and nobody gets knocked back here on a credit score alone. What changes is the lender, the rate and sometimes the deposit. Tell us the situation honestly upfront and we will tell you straight where it lands, rather than shopping your file around and leaving five enquiries on your credit report.
New arrivals on work visas, people who have recently changed jobs, casual and contract workers and pensioners all have lenders who will look at them. Time in the same industry usually counts for more than time in the specific job.
First car buyers with no credit history are a different problem to bad credit. That is a thin file, not a bad one, and there are lenders comfortable with it, sometimes with a slightly larger deposit.
Why Use a Broker For Car Finance
Dealership finance is convenient and that convenience is expensive. The finance office is a profit centre, the rate quoted usually has margin loaded into it, and you are asked to sign while you are already emotionally committed to the car sitting in front of you. That is the worst possible moment to be comparing finance.
Your own bank gives you one answer from one credit policy. If your file does not fit that policy the answer is no, and you are left guessing whether the problem was the car, the income or the credit file.
With 50+ lenders we know before lodging which ones say yes to a 9 year old vehicle, which handle a paid default without repricing you, which will settle a private sale quickly and which want a deposit from someone in your position. That matters more on car finance than on any other asset because the consumer lending market is genuinely fragmented. Two lenders looking at an identical file will come back with completely different answers.
We also lodge once, to the right lender. Multiple applications leave multiple enquiries on your credit file and every one makes the next lender more cautious. Having approval in place before you start looking also changes the conversation at the dealership. You walk in as a cash buyer with a fixed budget instead of someone they can sell finance to.
Get a Free Car Finance Quote
Access to 50+ lenders, no obligation, and a straight answer on where your file lands.
Getting Car Finance
1. Tell us what you are buying
A five minute call covers it. What car, roughly what budget, dealer or private sale, your income situation and anything on your credit file we should know about. Nothing gets lodged and no credit enquiry happens at this stage.
2. We match the file and lodge it
We go to the lender whose policy actually fits, not the first one on the list. Conditional approval usually comes back the same business day, and formal approval inside 24 to 48 hours on most files.
3. Settlement and you collect the car
Dealer purchases settle 1 to 2 days after formal approval. Private sales take 2 to 3 days because of the PPSR check and payout of any existing finance on the vehicle. We deal with the dealer or seller directly so you are not chasing paperwork.
Car Finance FAQs
Ready to Finance a Car? Compare Australia's Top Lenders
Call 0416 960 969 or send through your details and you will have an answer the same business day.