Australia Online Car Loans - Finance Your Dream Car

Step-by-Step Application Process for Your Car Loan

Car Loan

Best Loan Rates for Your Car Purchase

Avoid rate shock

The most common reason for not continuing to take out a car loan is price shock. A price shock is if you expect to get the advertised rate but get a higher rate because of your credit profile. Our car loans and business vehicle finance do not display advertised rates, only the highest eligible real rates. Therefore, you will not be subject to rate shock.

How do Lenders View Credit History?

A stronger credit history over a long period is favoured. A good credit history is characterised by on-time payments, low credit utilisation and a lack of negative marks such as delinquencies or bankruptcies. These factors indicate to lenders that a borrower is responsible and trustworthy.

Conversely, applying for a car loan with bad credit history can suggest that a borrower may be at higher risk of defaulting on a loan or missing payments. A bad credit car loan application is assessed by lenders to decide whether to approve the loan application, how much credit to extend and what interest rates to charge.

The preferred car types for lending

Lenders prefer to lend to new cars over old ones for several reasons, but in the event of mechanical problems, they are often ultimately backed by collateral. The older the car you are financing, the more problems you may have.

New cars tend to have lower default risk since they’re more reliable and have a longer lifespan, meaning they are less likely to break down and require costly repairs. New cars may have warranties to protect against significant repairs, which can give lenders added confidence in their loans.

In terms of resale value, new cars generally retain a higher percentage of their original value than older cars. This means that if a borrower defaults on their loan, the lender is more likely to be able to recoup their losses by selling the car.

Get the lowest repayment plans and fast finance vehicle solutions with CarsFinance today

CarsFinance provides customers with fast finance vehicle solutions for their dream car. Our team has decades of industry expertise and removes unwanted promotional rates, hidden fees and increased costs and provides low-rate car finance and same-day approvals.

Reach out to us for your car refinancing, business car loan and car buying needs. See for yourself how much you can save on your loan and submit a no-obligation quote today — it won’t affect your credit score.

Can I get a loan for a car as a business?

Yes — a business car loan works the same way as a traditional car loan but with significant tax incentives. You will still be responsible for making regular monthly interest rate payments and other charges over the complete loan term.

Can I finance a car with my ABN?

Yes — car loans for businesses require less paperwork than private financing. Still, you need to show records to prove your company has been registered for at least two years, as well as copies of your business activity statement (BAS).

Can I get a car loan as a sole trader?

Yes — sole traders can get a business car loan through a chattel mortgage provided they can prove a history of regular income, the loan falls under $250,000 and the car will be operated for work purposes at least 50% of the time in use.

Can I get a car loan as a sole trader?

Yes — sole traders can get a business car loan through a chattel mortgage provided they can prove a history of regular income, the loan falls under $250,000 and the car will be operated for work purposes at least 50% of the time in use.

Get The Lowest Repayment Plans For You

Low rate car finance and same day approvals. See yourself how much can you save on your loan.

Start Your Quote

No obligation. It won't affect your credit score.