Looking for Melbourne's lowest rate car finance?

Secured car loans provide lenders with the right to repossess your car if you don’t make your loan repayments. They therefore lower your lender’s risk. Unsecured loans on the other hand don’t provide any security to the lender. Lenders therefore charge higher interest rates on unsecured loans to compensate them for the increased risk.

A novated car lease is a three-way arrangement between your employer, a finance company and you. Your employer deducts the monthly lease payment (which includes the purchase price and running costs) from your pre-tax pay as part of a salary sacrificing arrangement. You therefore are using pre-tax dollars to pay for your car, and you pay less income tax.

A chattel mortgage is a secured car loan for business vehicles. Unlike a lease or hire purchase arrangement, you take ownership of the vehicle immediately.

However, if you don’t make your chattel mortgage repayments, your lender can repossess your vehicle and sell it to recover the amount you owe.

A residual (balloon) payment is an arrangement where you make lower repayments during your loan term and a larger final repayment to fully repay the amount you owe. 

Yes, you can. Lenders often price their interest rates based on how “risky” your profile is. So having bad credit may increase your interest rates but it is possible. Some lenders specialise in bad credit loans. We have more than 50 lenders on our panel so can help you with this.

Most of the time, you will only need the following documents to apply for a car loan:

• Proof of ID (drivers license, Medicare card etc)
• Evidence of income (recent pay slip)

We help self employed applicants everyday.

If you’re buying a new vehicle for your business you may have options such as a low doc chattel mortgage. If you’re purchasing a car for personal use, we will usually only need a recent tax return to prove your income.

We’ll make sure this process is as stress free as possible for you.

Of course. We have finance options available for both new and used car purchases.

Not at all. We take care of gathering any information needed directly from the seller. This is a quick and easy process and purchasing privately can sometimes save you money on your purchase.

We are always upfront with the fees and charges involved with each lender and using our services.

Each lender has different early termination policies. We have plenty of lenders that do not charge a fee at all. If having no early termination fees is important to you, please let us know and we’ll make sure you’re matched with a suitable lender.