Secured Car Loan
With a secured car loan, the vehicle is generally used as security for the loan.
Because the lender has security over the vehicle, secured loans may have different pricing and lending criteria from unsecured finance.
Found the car? Let's make sure the finance makes sense too.
Whether you're replacing the family car, upgrading your vehicle or buying something you've had your eye on for a while, the finance deserves a little attention too.
We'll help you understand the loan options available, the expected repayments and the total structure before you commit.
Because the shiny part should be the car, not the finance pitch.
We'll discuss the proposed purchase, your financial position and the amount you're considering borrowing.
We'll compare suitable lenders and loan structures based on the circumstances presented.
We'll explain the proposed loan term, repayments and any balloon amount so you know what you're committing to.
Send us the vehicle and purchase details. We'll confirm the information required and progress the finance application.
We'll work through the lender's requirements and help coordinate the finance through to settlement.
This part is yours.
With a secured car loan, the vehicle is generally used as security for the loan.
Because the lender has security over the vehicle, secured loans may have different pricing and lending criteria from unsecured finance.
An unsecured loan does not use the vehicle as security.
Lender assessment, maximum loan amounts and pricing may differ from secured car finance.
A fixed interest rate generally remains unchanged for the agreed fixed loan term, providing greater certainty around scheduled repayments.
A variable interest rate can change over the life of the loan.
Features and repayment flexibility vary between lenders and products.
A balloon is a lump sum amount remaining at the end of the loan term.
It may reduce regular repayments during the loan term, but leaves a larger amount to deal with at the end.
That depends on your circumstances and the proposed finance structure.
We'll help you understand the repayment difference and the amount that remains payable at the end.
Lower repayments today should not come with a surprise tomorrow.