Compare Australian Car loans  Find Your Best Rate

A  car loan is when you borrow an amount of money from a financial institution to buy a car and repay the debt over an agreed timeframe (term of the loan) with equal instalments. In return for the loan, you will be charged interest on the money you borrowed.

At Ausloans we have relationships with 40+ lenders with interest rates starting from as low as 4.99%. However, rates do vary based on your financial profile and credit history. 

The best way to get a car loan is to use an asset finance aggregator like Ausloans. Using a brokered car finance service is much better than going direct to your bank or a specific lender. When you apply for a loan through Ausloans we search over 40 lenders to find you the best low rate finance deal for your needs and circumstances. 

We are a multi-award-winning independent finance group that believes in helping people achieve their dream or goal with a holistic finance solution. Whereas a bank offers you a fixed solution with a single lender, we compare within a panel of 40+ lenders to find the best car finance rates for your specific circumstances. Once you're matched with a lender, you're assigned to a professional car finance broker from a team of more than 150 asset finance brokers around the country. Additionally, we can find Australiawide the right vehicle for you through our vehicle solutions partner Drive. 

Our car finance interest rates can vary depending on the age of the asset you are buying, your credit file, credit score, assets and liabilities. Our rates start as low as 4.69%* for new vehicles for business and consumers. 
_{* based on a commercial contract for a new vehicle with specific criteria.}

The entire process, from completing our application form to approval, and your chosen seller receiving funds in their bank account, can be done as quickly as only a few hours. However, consider actual turnaround times will vary significantly depending on many factors; lender turnaround times, contactability of the applicant, the strength of the applicant's profile, gathering the required documents, additional information required by the lender, etc.

Our online application takes 2 minutes to fill out, once completed our call centre calls you within the next 24 hours to pre-approve you and transfer you to an assigned broker. Once the documents are gathered and the broker submits the application to the lender, approval can take from 2 hours.

To qualify for finance you need to:

• Be over 18 years old.
• Be an Australian citizen or permanent resident*
• Be currently employed**
• Earn at least $400 per week (after tax)
• Not be in an undischarged bankruptcy or part 9 debt agreement. 
  
  

  *We may be able to help if you have a visa with more than 2 years remaining.
  **Min 1-month permanent employment (full or part-time) with continuation in the same industry (probation periods may be considered) - Or 6 months casual employment.
  *** We may be able to help if you are employed full time and more than half of your bankruptcy period has passed.

Making an application is quick and easy. You just need to have the following documents ready to give to your broker:

• Current Australian Residency Identification 
• Two recent payslips
• One current bank statement 

Yes, you can get approved for a bad credit car loan. At Ausloans we believe in assessing your circumstances and finding a solution that best suits you, so if you have bad credit or you are currently on Centrelink we might be able to help you. To help bad credit car finance applicants or Centrelink car loan applicants, we created 1800Approved; an established car finance brand specialising in credit rehabilitation for mid and subprime lending for both consumer and commercial applicants. We do this with the help of our 40+ lender portfolio, so give us a call or click here for an assessment that will not damage your credit score. 

Not if you are currently in bankruptcy or a Part 9 or 10 debt agreement. However, if you are discharged or more than half of your bankruptcy period has passed we can be able to assist you. Click here for an assessment that will not damage your credit score or call on 1800 2777 6899 and talk to one of our experienced brokers to find a solution. 

No, you don't necessarily need a deposit to get a car loan. Each lender has specific criteria as to who will require a deposit and who will not. This is based on a number of criteria and differing policies for each lender. The advantage of getting your loan through Ausloans is that it has a panel of over 40 lenders, which opens up our customers' availability of no deposit loans. The availability of such a diverse lending panel allows more options for the customer and access to the flexibility of each lender.

A car loan pre-approval means you got approval from the lender for a specific amount of money. As a car loan can only be used for car financing, you must purchase a car to get the funds transferred to your seller.