Estimate your car finance repayments
Related useful information
- Learn more about our various car loan solutions and compare our loans against the Big 4
- Get a quote estimate for your next car loan
- Learn about why getting pre-approval for a loan gives you more buying power
- Learn about what is a residual or balloon and how you can apply it to your car loan
- Let our new car experts at Carconnect help you save on your next vehicle purchase
How does a car loan work?
A car loan allows you to borrow money, lent to you by a finance company to purchase a vehicle for your personal use. In return for the loan, you’ll pay interest to your lender and when the final repayment has been made you will become the outright owner of the vehicle.
What are the benefits of a car loan?
A car loan will enable you to borrow up to 100% of vehicle’s purchase price, meaning that you can spend your hard-earned cash on more important things. It’s also a great means of establishing a positive credit rating and can also be used as a tax deduction depending on your specific situation.
Common questions about our car loan calculator
A car loan (also referred to as a secured car loan) involves a finance company lending you the money to purchase a vehicle for personal use. The loan is secured against the vehicle and, when the final repayment has been made, you will own the vehicle outright.
Benefits and product features of a car loan include flexible loan repayment periods, the ability to set a balloon or residual payment which will reduce your monthly repayments and lower interest rates versus a personal loan thanks to it being secured against the vehicle itself. As a business, a car loan may help you improve cash flow to your business as well as the potential to claim tax deductions if the car is being used for business purposes (check with your accountant for eligibility).
A comparison rate is an interest rate that lenders are required by law to display next to any advertised interest rate. A comparison rate calculates the loan interest rate and fees you may have to pay, including application fees and ongoing loan fees. This allows you to find out the true cost of the loan. We have a comparison rate calculator you can use to help you compare apples with apples.
Let us help you with your car loan search
On the hunt for a new car? We’ll help to get the wheels turning faster with access to the best low rate, flexible car loans and speedy turnaround times. We compare the latest offerings from Australia’s leading lenders to obtain the best rates for our customers.
WHY CHOOSE US
Fast Loan Approval
We understand that your time is important, which is why once you’ve completed our quick and easy loan application we’ll work hard to get you approved as fast as the very same day.
Dedicated Local Team
Our expert team has over 30 years of experience and are dedicated to finding the best loan for you. You’ll also enjoy our first class personalized level of support, enabling you to feel confident that you are in safe, professional hands.
Loans Completely Tailored to Your Needs
We have access to a wide range of loan products from many different lenders and we are familiar with varying policies and criteria, meaning that we’re able to present you with a number of options that are the right fit for your needs.