Secured Car Loans
A car loan lets you get behind the wheel sooner whether you’re buying new or used, upgrading to something safer or more reliable, or securing a vehicle for business use.
Instead of waiting years to save or draining your cash upfront, financing helps you spread the cost, keep your savings intact, and enjoy the car now while managing affordable repayments.
Basics Of A Secured Car Loan
Loan Types:
Secured: Asset security required i.e. New or Used Car
Loan amount:
From $10,000 up to $100,000
Loan Term:
Up to 7 Years
Repayment: Weekly, Fortnightly or Monthly
Eligibility:
There are some basic eligibility requirements. You must:
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Be applying as an individual (no joint applications)
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Be a citizen or permanent resident of Australia and currently residing in Australia
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Be at least 18 years of age
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Not have any outstanding defaults
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Not have any court judgements, writs, or bankruptcies
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Not currently in collections for any existing debts
Self-employed applicants:
If you are self-employed, you must also:
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Have been trading for at least 2 years
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Provide the previous financial year's tax return, that shows income has been paid to you from your business, and the notice of assessment
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Be borrowing for predominantly personal or personal investment purposes