Car finance, sorted properly.
New or used, business or personal, dealer or private sale. We compare lenders and handle the legwork so you can just drive away.
Why people choose us
- ✓ New and used cars, any make
- ✓ Dealer or private sale
- ✓ Business or personal use
- ✓ A panel of lenders compared for you
- ✓ Approvals often within 24 to 48 hours
What is car finance?
Car finance is a way to fund a vehicle without paying the full price upfront, repaying it over an agreed term instead. It covers both personal cars and business vehicles, and the right structure depends on who is buying, how the car will be used and your tax position. The vehicle itself usually acts as the security, which keeps this kind of lending straightforward and competitive.
As finance brokers, we compare car loans across our panel of banks, non-bank lenders and specialist vehicle financiers, then guide you to the structure and lender that fit. We also liaise with the dealer or private seller to sort the paperwork, so you can focus on the car rather than the finance. Whether it is a personal upgrade or a vehicle for the business, the aim is the same: the right car, the right structure, and less hassle getting there.
The right car loan, without the dealership pressure.
Dealer finance is convenient, but it is rarely the sharpest option on the table. As brokers, we compare lenders across our panel of banks, non-banks and specialist financiers, then match you to one that suits your situation, the car you are buying and how you will use it.
We arrange finance for new and used cars, SUVs, utes, vans and light commercials, for personal buyers and businesses, bought from a dealer, at auction or through a private sale, across Melbourne and Australia-wide. Whether you are after a family car, a work ute or a vehicle for your team, there is a structure to suit. Below is how car finance works for personal and business buyers, and the options worth knowing about.
Car finance for personal and business buyers.
The right structure depends on whether the car is for personal use, business use, or salary packaging through an employer. Here is how the main options work.
Consumer car loan (personal use)
A straightforward loan for a personal vehicle, secured against the car, with regular repayments over an agreed term. Simple and common for private buyers who want to own the car outright and are not claiming it through a business.
Chattel mortgage (business use)
For business vehicles, you own the car from day one and the lender holds an interest until it is paid out. Where the vehicle is used for business, interest and depreciation are generally handled through your accounts, and GST-registered businesses often claim the GST on the purchase. A common choice for sole traders and companies.
Novated lease (salary packaging)
An arrangement between you, your employer and the lender, where repayments come out of your pre-tax salary as a form of salary packaging. It can be attractive for employees, though the outcome depends on your employer, income and circumstances, so it is worth confirming the detail with your employer and accountant.
Commercial hire purchase and lease
With hire purchase, the lender buys the car and you hire it, taking ownership after the final payment. With a finance lease, you use the vehicle for a term and decide at the end whether to buy, upgrade or hand it back. Both suit businesses depending on how they account for the vehicle.
Not sure which applies to you? That is exactly what we help with. We will explain the practical differences based on whether the car is personal or business, and flag anything worth raising with your accountant before you commit. For heavier vehicles, see our truck and heavy vehicle finance.
New, used, dealer, auction or private sale.
New and demo vehicles
New cars often attract the longest terms and the widest lender choice. If you are buying from a dealer, we can arrange finance independently so you can compare it against whatever the dealer offers rather than accepting the first option in front of you.
Used vehicles
Used car finance is common and straightforward. The age and kilometres of the vehicle can affect the term and which lenders will consider it, and we match your purchase to a lender whose policy fits. Buying used does not mean settling for a worse finance deal.
Private sale and auction
Buying privately or at auction is no problem. We can arrange pre-approved finance so you can bid or buy with confidence, and we handle the checks and paperwork with the seller. Pre-approval is especially useful at auction where you need to move quickly.
What is a balloon or residual payment?
A balloon, sometimes called a residual, is a lump sum left to pay at the end of your car finance term. By setting aside part of the amount as a balloon, your regular repayments across the term are lower, in return for that larger single payment at the end. When the term finishes, you can typically pay the balloon out, refinance it, or sell or trade the car to cover it.
A balloon can help keep monthly repayments manageable, but it does mean a bigger amount falls due at the end, so it suits some situations more than others. We will walk you through whether a balloon makes sense for your budget and plans for the vehicle, rather than leaving you to guess.
Tax and GST on a business vehicle, in plain terms.
General information only. Tax outcomes depend on your business structure, how the vehicle is used and the current rules, so always confirm your position with your accountant or registered tax adviser.
Business use and deductions
Where a vehicle is used for business, elements such as interest, depreciation or lease payments may be deductible depending on the finance structure and the business-use portion. How this applies depends on your circumstances and how you account for the vehicle.
GST
If your business is registered for GST, you may be able to claim the GST on a business vehicle purchase through your Business Activity Statement, depending on the structure and any car cost limit that applies. Your accountant can confirm what you are entitled to claim and when.
This information is general in nature and does not take into account your objectives, financial situation or needs, and is not tax advice. Tax rules and thresholds change over time. Always check the current position with the ATO and your registered tax adviser before making a decision.
Spread the cost, keep your savings.
Rather than draining your savings to buy outright, you fund the car over a set term and keep cash on hand for everything else. The points here are general, not a quote or an offer. Your actual repayments depend on the lender, the car, the term and your circumstances.
Illustrative only. Subject to lender approval, eligibility, fees, charges and terms and conditions. Not financial or tax advice.
Why use a car finance broker?
Dealer finance is convenient, but it is usually one lender's product offered at the point of sale, when you are focused on the car rather than the finance. As brokers, we compare across a panel of lenders, which often means a more competitive structure than the first option on the table. We handle the comparison and the paperwork, liaise with the dealer or seller, and can arrange pre-approval so you buy with confidence.
We are based in Pakenham and help buyers across Melbourne's south-east and Australia-wide, personal and business alike. You deal directly with us rather than a call centre, and we take the time to match the structure to your situation, whether that is a family car, a work ute or a vehicle for your team. It is finance guidance built around you, not around a sale.
Car finance, answered.
Can you finance both personal and business cars?
What is the difference between a chattel mortgage and a novated lease?
Can I finance a used car or a private sale?
Do I need a deposit?
What is a balloon or residual payment?
How fast can I get approved?
Can I get car finance if I am self-employed?
Is a business car purchase tax deductible?
Can you help me buy at auction?
Why use a broker instead of dealer finance?
Related finance.
Car Finance Near You
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