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Low Interest Car Loans, No Deposit, Quick Approval

If you are looking for the most affordable and hassle-free car finance in Australia, you've come to the right place. Ausloans is partnered with more than 40 lenders that offer the best interest rates on the market.

 

Call us today on 1800 277 768 or Apply Online  
and we will get in touch with you ASAP.

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Pre-Approved Financing

Getting pre-approved ensures that you are able to secure a car loan in Australia without going over budget. As soon as you are pre-approved, all you need to do is choose the car that you love.

Interest Rate

Our rates start at 4.6%* for brand new cars. With over 40 lenders in our panel, we are sure to find the best deal for you.

* based on a commercial contract for a new vehicle with specific criteria.

Personal New and Used Car Financing

Our goal is to help you save money on your new or used car purchase. Talk with us before visiting any dealership and you'll be in a better bargaining position.

Car Loans for Businesses

Our Expert brokers here at Ausloans Finance Solutions will help you determine the best type of car loan for your business. A few factors to take into consideration are; the nature of your business, tax considerations, and cash-flow requirements. Talk with us for tailor made financing options.


Car finance guide for Australians

Determine the type of vehicle you want to finance

Buying a car is very exciting! We all have our dream car, dream truck, dream luxury car, and even that sports car that’s very hard to get in and out of but, practically speaking, you should buy what you need and what you can use.

What will you use the vehicle for?

This is one of the most important questions that you should ask yourself. Is the vehicle mainly for city driving? Cross country? A family vehicle? A work truck? Etc… The primary use of the vehicle will help you determine the type of car that you should buy.

City driving 
Small cars are best for the city and in navigating the suburbs and tight alleyways. Cars that fit this description are the Holden Spark, Kia Picanto, and the Toyota Yaris.

If you want something a little bigger you can go with Skoda Fabia wagon, Audi Q2, Ford Ecosport, Honda HR-V or any vehicle in the same class.

Cross country driving 
If the car is intended for cross country commute then you will need to look for more comfort, more safety features, and storage space. Don’t forget about gas mileage or course.

Vehicles that are fit for cross country are the likes of Honda CRV, Honda Odyssey, Subaru Forester, Nissan X-Trail, etc…

Workhorse 
If you are a tradie and will be using the vehicle to haul equipment and work materials then the ever reliable trucks are best for you. There’s the bestselling Toyota Hilux and the Ford Ranger to get the job done.

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2018 Nissan Navara ST-X D23 Series 3 Auto 4x4 $58,444 google

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How much loan repayment can you afford?

This is critical because car loan repayments could take up to 5 years, or even longer in some cases, so making sure that you have a steady source of income is important.

Do you have a regular job or a stable business?

If you are sure that you can manage the monthly repayments, then you are good to go.

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Determine your credit standing

Car loan interest rates and approval are largely influenced by your credit history. A low credit score could mean a high interest rate or, worse, your car loan may not be approved.

You can get a copy of your credit report from these sources.

Here are some things that you need to check in order to clear out inaccuracies and potentially improve your credit score.

  • Duplicate debts being listed.
  • Fraud or identity theft.
  • Incorrect debt amount.
  • Being listed as in default by mistake.
  • Even an incorrect name and address.

Make sure to review your credit report once a year in order to catch fraud and inconsistencies before they affect you financially.

Note that free credit report providers use data from different reporting agencies so you may need to do some investigating if your score varies from one provider to the other.

This is where a finance broker can really help. Navigating through your credit report can be intimidating or even alarming if you do not know what to do.

 

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What if you have bad credit?


The first thing to do is to thoroughly review your credit report and look for inaccuracies like the ones listed above. If you can find some and dispute them, your score could go a little higher.

If the credit review did not help then you may need to do a little clean up and establish a good credit history before you apply for a car loan.

Don’t worry if the car is needed immediately because we have many lender partners who cater to bad credit car loans.

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Effectively Compare Car loans

0% interest car loans, low interest car finance, etc… may be very tempting. Car dealerships come up with these really enticing offers month after month to take advantage of the excitement of car buyers.

Believe me, if you are an eager car buyer and you went into a dealership whose offering these deals, you’ll probably end up buying a car that same day.

The bad news is, you may not have gotten the best deal because you rushed into the purchase.

The secret to obtaining the best car loan rate is to take your time and compare as many quotes as possible. You’ll be surprised of the amount of money you can save by comparing quotes.

You can do this yourself by obtaining quotes from different lenders but multiple credit inquiries could hurt your credit score. Alternatively, you can work with a finance broker like Ausloans and get multiple quotes with just one loan application.

We’ll even help you compare quotes to make sure that you get the best deal.

 

Flexible Car Loan Repayment Options

The amount of money you pay for your car loan every month is a big consideration. There are different options available to you and each of them have their own advantages.

Variable Interest Rate 
This means that your monthly repayments could vary depending on the prevailing interest rates. If interest rates go down, your monthly repayment could go down as well and vice versa.

Repayments do not go down automatically though when interest rates are down so make sure to ask about it if you choose to have a variable interest rate.

Fixed Interest Rate 
This means that you pay a fixed amount for the entire term of the loan. This is great for budgeting since you know exactly what you will pay every month but you won’t be able to take advantage of rate cuts either.

Balloon Payment 
Balloon payment allows for a lower monthly repayment but you will have to pay a certain lump sum at the end of the loan term. You also have the option to refinance the balloon payment if you do not have the amount ready.

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Additional Payments 
Some lenders will allow you to make extra payments on your car loan. Depending on the type of loan you choose, this could potentially save you thousands of dollars in interest payments and you can pay off your loan early.

Early Termination 
A few lenders will allow you to pay off your car loan early without charging you early termination fees.

 

Car Loan Fees that you should know about

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Upfront fee

Also called an establishment fee, is the cost for setting up the car loan. Many lenders do not charge an upfront fee so make sure to ask your finance broker about this.

 
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Monthly fees

Monthly admin fee charged during the term of the loan.

 
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Early Termination Fee

A fee charged when you pay off your loan early. Ask your finance broker about the break costs that you may have to pay when you terminate a car loan early.

 
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Redraw fees (if applicable)

Some loan options allow you to redraw a portion of your additional loan payments. This is one of the benefits of making extra payments.
Ask about this option if you plan on making extra payments to you loan.

 
 

Types of Car Loans

Secured Car Loan Car Loans Car Finance

Secured

The car is used as security for the loan and the lender can repossess it if you fail to make repayments.

 
Unsecured Car Loan Car Loans Car Finance

Unsecured

Unlike a secured car loan, the lender won’t be able to repossess the car if you don’t make repayments but they can go after you though other legal means.
Interest rates are usually higher if the car loan is unsecured.

 

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Buying New or Used?

Some people prefer to buy a used car because they are cheaper, depreciation was already shouldered by the original owner, monthly repayments are lower, and loan terms can be shorter as well. Great quality used cars can be found on car lots or on sites like DriveWholesale.

On the other hand, buying new means that you can have a lower interest rate, be eligible to bonuses and perks from the dealership, and you save on repair costs since the car is new.

Common requirements for car financing

  • Identification.
  • Proof of income.
  • Bank statements.
  • Credit record.
 

Tips for an easy car loan approval

Getting approved is not hard at all. There are so many lenders and they all want your business. It is just a matter of choosing the best quote that suits your needs.

To ensure a speedy process make sure to have the following ready;

  • Identification.
  • Bank statements.
  • Pay slips.
  • Tax returns.
  • Centrelink statement (if applicable).
  • Credit card statements.
  • Mortgage statements.
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What to do next?

Fill out the form above so we can help you secure a car loan. We can help you even if you have bad credit or have less documents available.

We have a growing number of satisfied clients and we want you to be one of them.

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Testimonials

Great work, Ausloans! Friendly kind service and went the whole way. — Gregory Hurley

Ausloans was awesome would highly recommend them to anyone, huge thank you to them for helping me sort out our situation — Tina Haley

Very happy ! Ausloans is very impressive, quick and reliable. — Kerrie Stower

Great service, went the extra mile to get a deal done. — Heinz Schwarzer

Thank you so much for your help. I'm so happy I decided to go with you guys. Fantastic service from Ausloans.
 
— Tami

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