How this lending option works
Vehicle finance should be compared on the total repayment obligation, not only the advertised rate or weekly figure. We consider the purchase, loan term, fees, balloon or residual and whether the vehicle is for personal or business use.
- New and used vehicles
- Personal and business use
- Clear comparison of term, repayment and total cost
Understand the full cost
A longer term or large balloon can reduce regular repayments while increasing the amount left to pay and potentially the total interest. We compare the amount financed, establishment and ongoing fees, repayment frequency, early-payout terms and total payable.
Personal and business vehicle finance
Business-use vehicles may qualify for different products and documentation pathways from personal car loans. The right ownership and finance structure depends on legal and tax circumstances, which should be confirmed with your accountant.
Dealer finance versus an arranged loan
Dealer finance can be convenient, but the vehicle price, trade-in, rate, fees and balloon should be separated so the offer can be compared consistently. A low promotional rate does not automatically mean the lowest total purchase and finance cost.
Common questions
Can I finance a used car?
Often yes. Vehicle age, condition, purchase source, loan term and lender policy affect eligibility and pricing.
What is a balloon payment?
It is a lump sum remaining at the end of the term. It lowers regular repayments but must eventually be paid, refinanced or covered from sale or trade-in proceeds.
Can I refinance an existing car loan?
Potentially. We compare the payout figure, fees, remaining term and total cost so the refinance does not simply extend the debt without a clear benefit.
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Prefer to speak now? (02) 8377 9006