finance 

NEED FINANCE.

POOR CREDIT.

NO WORRIES.

WE TAKE THE HASSEL OUT OF BUYING A USED CAR.

AVAILABLE ON MOST OF OUR VEHICLES TO APPROVED CUSTOMERS.

We Offer

-Competitive Rates

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-No Obligation Quotes

 Personal Loan

A personal loan allows you to borrow a one-off lump sum and make regular set payments to pay it back. You can typically spread your repayments over between one to seven years. The longer the term, the smaller the size of the regular repayments you make.

With a personal loan you typically can’t redraw the funds you’ve repaid (even if have repaid more than the minimum required) and unlike a line of credit or credit card you can’t use the credit for other purchases.

Most personal loans have a minimum value, which can vary from $1,000 to $10,000 depending on the lender. Also check the maximum – some loans are unlimited and some are capped at $25,000.

Personal loans can be secured or unsecured, which is where a good is used as security against the amount lent. If your loan is secured this can reduce the interest rate and influence the maximum amount lent. Personal Loans secured specifically with a car are called Car Loans.

Car Loans

Car loans are similar to Personal Loans, however the car being purchased is security for the loan (some lenders may call it a Secured Personal Loan). Having your car as security means that if you default on your loan repayments your car can be seized. Compared to an unsecured loan, this means the interest rates can be lower.

In order for the car to be eligible to be security it generally must meet some criteria. For example:

  • New – cars may have to be brand new and purchased from a dealer only. New car loans generally have lower interest rates.
  • Used – can be limited to cars less than seven years old for some lenders, and for many used cars the minimum loan amount may have an impact.
  • Minimums – secured loan minimums (the borrowing amount, not the car purchase price) can range from $4,000 to $10,000 for car loans.

If your situation may be outside the criteria, check with the lender you’re considering before you apply.

Car Lease

A car lease is a bit like renting a car for a period, with the option of buying it at the end of the lease for a residual – that is, value or percentage typically agreed up front.

Car leases can be good for:
•Consumers whose employer offers salary package for cars through a Novated Lease.
•Businesses who don’t want to tie up capital owning a depreciating asset.

Find out more about leasing in Considering a Car Lease