Whether you are looking to secure finance for your first car or upgrade to the latest luxury vehicle, at Ausloans we've got you covered. Since 2008 we've helped thousands of Australians just like you, find and secure the best, low rate car finance for their needs and circumstances.
With access to over 40 lenders competing for your business and hundreds of car loan products, we work for you, not the banks. Let our professional team of car finance experts compare the market and secure you the best deal to match your budget.
With car loan solutions for all types of customers, Ausloans has lenders waiting to offer you finance. Whether you are a personal consumer looking to buy a new or used car or a business exploring the best chattel mortgage or low doc loan options we can help you secure the best rates and flexible lending options.
Got bad credit? We work for you, not the banks and are here to help you overcome your lending challenges. At Ausloans we have solutions no matter what your circumstances.
We understand all customers are different and offer a range of cost-saving finance options to suit your needs
Our simple, paperless application makes it easy for you to apply online. It only takes a few minutes.
Don't wait days to get an answer. With Ausloans personalised customer service we can tell you if you qualify within minutes of accepting our call.
Our industry leading car loan technology matches your unique profile to the best pre-qualified lender rates from 40+ lenders in minutes.
Receive best rate car loan offers from multiple lenders and choose the deal which best suits you.
Your online application gets checked against 1,000+ lender policies before it's shared with a lender to protect your credit score
Our fintech software solution ZINK, help brokers to work more efficiently, speeding the application, submission and approval process for consumers.
With our advanced technology and diverse lender panel, getting you the best car loan deal fast has never been easier
With our automated finance software ZINK, we match you with a lender and get you the best rate for your circumstances
Get approved and drive away!
To increase your chances of getting approved for a car loan, and securing a better rate, the newer the vehicle the better. Lenders see newer vehicles as lower risk and in turn reward you with better rates.
A good credit history is one of the key requirements for getting car finance approval. To ensure your credit score remains healthy make sure you pay all of your bills and any other loan repayments you may have on time. Also try to avoid payday loans or making regular withdrawals at places where gambling is permitted. Lenders will ask to see your bank statements for the last 3 months before approving your car finance. Bill defaults and /or regular, empty bank accounts will damage your chances of success.
One of the main things lenders look at when deciding whether to approve a car loan is capacity. Capacity basically means your ability to meet the weekly repayments to service the loan. Choose a loan which is going to be affordable and within your budget. Applying for a loan amount which you cant afford usually results in a decline and only damages your credit score which in turn makes it more difficult to get approved.
A good way to check affordability is to use our car loan calculator. this can give you a good idea of what your weekly repayments would be on different loan amounts and interest rates.
While most lenders will allow you to borrow 100% of the amount required to purchase the vehicle, having a deposit can really help you get approved. A deposit reduces the risk to the lender and also shows them that you are financially responsible, which in turn gives them confidence to give you the finance you want.
Before committing to approve your car loan the lender will require you to submit documents to prove your income and ability to service the loan.
To maximise your chances of approval and speed up the loan process prepare your documents in advance. You will need a minimum of 2 payslips and bank statements from the past 3 months.
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:
*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:
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.
Business Car Loans - Buying a car as a sole operator or as a company to add to your fleet is where a business car loan can help. You will have fixed monthly payments over an agreed period, and take ownership of the vehicle once all payments are made at the end of the loan term.
Personal Car Loans -A personal car loan is where you borrow an amount of money from a financial institution and repay the debt over an agreed timeframe with equal instalments. In general, a personal car loan is a cheaper option when it comes to interest payments.
Secured Car Loan - A secured car loan use the car you are financing to secure the loan. If at any time you are unable to repay the secure loan, the lender may be able to use your security asset to recuperate the difference.
Unsecured Car Loan - The lender requires no security for the debt so the loan is subject to your ability to repay it. The interest rates on unsecured car loans are higher on average than secured loans, which offsets the increased risk of losing money for the lender.