WE KNOW CAR LOANS TOO!
Did you know that statistically, if you've just bought a house, you're likely to want a car next? And usually it's within 3 months of your home settling.
There are literally thousands of vehicle lending providers. It’s common for clients to stick with their usual bank, or to take the “easy” option of dealership finance. But these options can cost you a lot more than utilising a professional broker. We will ensure you get the right deal for you when financing a new car. More importantly, we can take this into account with your home loan/s and other debt and make sure it all works for you across the board.
Compare car loans NOW, here!
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Zip through your loan application in just 8 minutes and snag instant pre-approval. We make it quick and easy, ensuring you're on the fast track to your car!
Full transparency, always
No hidden fees, no surprises. We lay out all the costs associated with each lender, giving you the power to choose from over 60+ major lenders confidently. With us, what you see is what you get.
Loans that fit you perfectly
Our AI technology doesn’t just match loans; it ensures they fit your financial situation perfectly. Because you deserve a loan as unique as you are.
Want to read some more, first?
We've got plenty of helpful information to get you up to speed with car financing.
BUYING A NEW OR USED CAR
Whether you are buying a new or a used car, financing options can vary. Not surprising, but getting finance for a new car is usually more affordable as interest rates tend to be cheaper.
If your car is a fossil (15 - 25 years old), some lenders may not even give you the time of the day. If you do not have an expert loan marketplace, who provides you with a large and diverse panel of lenders you may be left with an unsecured loan which will attract higher rates, meaning you pay more.
TO SECURE, OR NOT TO SECURE YOUR LOAN?
Secured.
A secured car loan uses the asset being purchased, in this case the car, as security for the loan. If you the borrower can't repay the loan, the lender can reclaim the asset to cover the costs. Although if the sale of the asset doesn't cover the full amount owing, the borrower must pay the difference.
The benefit of secured loans is that they usually result in achieving a lower interest rate, due to the lower risk factors from a lender's point of view.
Unsecured.
In an unsecured loan scenario, the lender does not use any assets as a security (no collateral). This comes with a higher interest rate when compared to secured rates, as the risk is more for the lender. These types of loans are not generally for cars because you can usually save money by using the vehicle as security. Some situations that an unsecured loan might be useful for a car is if the car being purchased is not an acceptable asset for that specific lender, if the asset is too old or even if you wish to borrow more than the actual purchase price by a substantial amount to cover costs or customisations to the car.
CAR LOAN TERM/PERIOD
The length of your car loan can cost you money or save you money $$$. This makes it a very important consideration when you are thinking about getting car finance. As a rule of thumb, the longer your loan period, the smaller the repayment amounts but the more total interest you pay.
You should aim for a loan agreement that is affordable and allows you to comfortably make your repayments whilst minimising the interest. Be aware of any fees or charges for paying out your loan before the agreed period, as this can blow out your costs. LoanOptions reveals hidden fees and gives you confidence that you are getting the best deal.
INTEREST RATES
You hear it every day on your TV, news feeds and radio. But what of it? The best thing to remember is to research, research, research!
Shop around to make sure you’re getting the best deal and tailor your loan agreement so that the repayment levels and interest rates suit your circumstances. You can do this with us, by comparing 60+ lenders instantly, so you know you are getting the best deal.
SOME THINGS TO THINK ABOUT...
Document checklist to get you those wheels
To secure fast car financing, having your paperwork sorted before you apply makes a massive difference. Most lenders can fast-track your car loan application if you provide these standard documents upfront:
- Valid Australian driver's license or passport for identity verification
- Your two most recent payslips to verify steady employment income
- Up to three months of bank statements via a secure digital link
- Current Medicare card or a recent utility bill for proof of address
- Official tax returns and an active ABN if you are self-employed
- Vehicle details or a dealer invoice if you have already picked your ride
Let’s work together, shall we?
Getting behind the wheel of your next vehicle should be a total breeze, not a stressful chore. We’ve streamlined our entire process into four simple steps to get you moving as quickly as possible:
Step 1: The quick chat
We start with a casual conversation to understand your budget, lifestyle and the exact car you are eyeing off.
Step 2: The smart scan
Our team compares competitive options across a panel of over 60 major Australian lenders to pinpoint the exact car financing package for your situation.
Step 3: The heavy lifting
We take full control of the submission process, handling the paperwork and negotiating directly with lenders so you can skip the corporate hold music.
Step 4: The keys in hand
Once your car loan choice is officially approved, we handle the settlement details with the seller so you can drive away smiling.
SECRET FEES
The devil is in the details, and it can be more than a pain if you do not read the fine print properly or if not all associated fees are brought to your attention as a borrower.
Ready for that new car smell minus the stress?
Stop wasting time on hold with traditional lenders or stressing over sneaky dealership fees for your car loan. We compare over 60 lenders to secure a sharp rate that perfectly protects your budget. It costs absolutely nothing to contact our car finance brokers today to fast-track your approval.
FAQs
How long does it take to get a car loan approved?
Car loan approval typically takes anywhere from a few minutes to two business days, depending on the lender you choose and the complexity of your application. Many modern finance providers utilise automated digital systems that can generate instant pre-approval or same-day unconditional approval if you provide all your documents upfront.
If your application requires a manual review by a credit assessor or if you are applying through a traditional bank, the verification process generally takes between 24 and 48 hours to completely finalise.
Should I get a car loan from a bank or a dealership?
You should generally compare multiple options through a finance broker rather than sticking to a single bank or accepting dealership finance. While dealership finance seems convenient, it frequently includes rigid structures, hidden fees or balloon payments that increase your total cost over time. Going to your everyday bank limits you to their specific in-house policies, whereas a broker can compare dozens of major lenders simultaneously to secure the sharpest rate and most flexible terms for your budget.
ANDREA PALELLA (O'SHEA)
MATTHEW GOODYEAR
MATHEW CROSSLEY
JESSE ROSS
