Car loans from 4.99% p.a.(5.89% p.a. Comparison Rate)

Buying a new car increases your chances of gaining approval and more favourable interest rates. That’s because lenders like taking on lower risks – and as a reward, you gain better interest rates. Buying older vehicles makes it more difficult for lenders to approve your loan.

Before you approach lenders, you need to know how much you can afford on a car each month. That’s including repayments, fuel, maintenance, and insurance costs. Know your numbers by using a free online car loan calculator so you can feel confident with your application.

Lenders are more inclined to approve you if you have “skin in the game,” that is, if you have a substantial deposit (20% or more.) Paying a little off up front not only lowers your risk, but also means lower repayments over the lifetime of the loan.

In finance, there’s no such thing as too much documentation. Gather together payslips, residential histories, employment references, credit scores, and other documentation such as profit and loss statements or tax returns (if you’re self-employed) to maximise your chance of success.

If it all seems a bit too confusing, don’t fret. Our team of helpful consultants are here to guide you through the process. Together, we can figure out your best options and find the best deal that suits your needs. We answer all your questions and make finding a great deal easy.