Car Loans

Hit the road and enjoy the ride sooner with a competitive and flexible loan. Let our team of loan specialists help you purchase your dream car.

Are you considering a green vehicle?

Thinking of buying a 4WD?

Thinking of camping during the dry or maybe testing the 4WD through the mud in the wet season, now may be the perfect time to look into your options.

If you need assistance with vehicle finance

Please contact our Car Loan Specialist.

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What is a car loan?

A car loan is a common type of personal loan taken out for the purpose of buying a motor vehicle such as a car, Ute, 4WD, motorbike, or other road vehicle. A car loan can also be called a vehicle loan. If you don’t have enough in savings to afford to buy a car but you can afford to repay a loan in monthly installments, you might consider using a car loan to finance your new wheels.

New & Used

There are two main types of car loans:

New car loans: Available for buying cars that are brand new, and some lenders will let you use a new car loan for a car that is 1, 2, or even 3 years old. Typically, a new car loan will be secured by the value of the car. New cars are generally worth more than older models, so you might be able to negotiate a competitive interest rate.

Used car loans: Available for buying cars that are too old to qualify for a new car loan. Again, a used car loan is usually secured by the value of the car. If a car is more than 5 or 6 years old, it might be too old to qualify for a used car loan, and you will have to apply for an unsecured car loan (an unsecured personal loan) instead which can attract a higher interest rate.

Company Vehicles

If you're a sole trader or business owner looking for a business car, you have a range of vehicle finance options. Unlike personal vehicle loans, a business car loan will often come with tax benefits and flexible lease options.