Car and asset finance, for you or your business.
Options from our lender panel, with the total cost and the structure explained before you commit.
Car and equipment repayments.
Estimated repayment
Enter a purchase price and an interest rate to see an estimate.
- Repayment
- Total interest
- Total cost
- Balloon due at the end
Estimate only, with repayments made at the end of each period. Any balloon is owed in full when the term ends. Fees and charges are not included. Subject to lender criteria, credit assessment and responsible lending checks. Not a credit offer.
Estimate only, for business-purpose finance, with repayments made at the end of each period. Any balloon is owed in full when the term ends. Fees, charges and GST are not included. Subject to lender criteria and credit assessment. Not a credit offer.
Talk these figures through with a brokerWhich structure suits?
Matched to the asset and how it is used.
Highlighted for personal use.
Change it in the estimator| Fits business useFor business use | Finance leaseFits business useFor business use | Consumer car loanFits personal useFor personal use | Personal loanFits personal useFor personal use | |
|---|---|---|---|---|
| Who it suits | Chattel mortgageA business that will own the asset. | Finance leaseA business that would rather use it. | Consumer car loanA new or used car for personal use. | Personal loanRenovations, travel, debts, or a car. |
| Who owns the asset | Chattel mortgageThe business, with a mortgage held by the lender. | Finance leaseThe financier; the business pays to use it. | Consumer car loanYou do, and the lender holds the car as security. | Personal loanYou do. |
| What secures it | Chattel mortgageThe asset itself. | Finance leaseThe financier keeps ownership of the asset. | Consumer car loanThe car. | Personal loanA car, or nothing. Unsecured usually means a higher rate and lower limit. |
| The rules that apply | Chattel mortgageBusiness-purpose finance, outside the consumer credit laws. The costs and our reasons are set out in writing. | Finance leaseBusiness-purpose finance, outside the consumer credit laws. The costs and our reasons are set out in writing. | Consumer car loanConsumer credit. Responsible lending applies: your income, commitments and budget come first. | Personal loanConsumer credit. Responsible lending applies: your income, commitments and budget come first. |
| GST and tax | Chattel mortgageDiffers from a lease. Your accountant advises. | Finance leaseDiffers from a chattel mortgage. Your accountant advises. | Consumer car loanNot relevant for personal use. | Personal loanNot relevant for personal use. |
| A balloon | Chattel mortgageLowers repayments, raises total interest. | Finance leaseA residual value is set at the start. | Consumer car loanTotal cost shown with and without one. | Personal loanNot usually offered. |
For the road, the site and the workshop.
Car loans
New and used cars for personal use, with the term, any and the total cost side by side.
Your income, debts and budget come first. Dealer finance is one option; we set out the others beside it.
How it is regulated
Consumer credit. Responsible lending applies.
Run the numbers
Estimate your car loan repaymentsTalk to Sumit
Book a call with Sumit BatraEquipment finance
Plant, machinery, tools and technology, financed against the asset itself.
From earthmoving and farm machinery to medical, hospitality and IT equipment, new or used. Chattel mortgage, lease or hire purchase; your accountant advises on which suits.
How it is regulated
Business-purpose finance, outside the consumer credit laws.
Run the numbers
Estimate equipment finance repaymentsTalk to Eldo
Book a call with Eldo JacobBusiness vehicle finance
Utes, vans, trucks and fleet vehicles, structured for how the business uses them.
In the business's name or yours, usually through a chattel mortgage or a lease. Some lenders consider a newer business with a larger deposit.
How it is regulated
Business-purpose finance, outside the consumer credit laws.
Run the numbers
Estimate business vehicle repaymentsTalk to Eldo
Book a call with Eldo JacobPersonal loans
Secured and unsecured personal loans, with the total cost set out before you apply.
Secured against a car, or unsecured at a higher rate and lower limit. If consolidating debts would cost more overall, we show you.
How it is regulated
Consumer credit. Responsible lending applies.
Run the numbers
Estimate personal loan repaymentsTalk to Sumit
Book a call with Sumit BatraNew or used, and what to have ready.
If your lender needs more, we tell you before you apply.
New or used: dealer finance, age limits and private sales
Buying new
- Dealer finance
- One option; we set out the others beside it.
- The full cost
- Term, balloon, fees and total cost, side by side.
Buying used
- Age and condition
- Limits at the end of the term vary across our panel.
- Private sales
- Often fine, with checks such as no money owing on the vehicle.
Documents you will need, for personal or business use
Tick as you go. Nothing you tick is stored or sent.
Questions about car and asset finance.
More questions and answersDo I pay anything to use a mortgage broker?
For most home loans, no. The lender pays us a commission when your loan settles, and often a smaller ongoing commission while it runs. A fee may apply for loans through a trust, commercial lending or more complex transactions. If a fee applies to you, we tell you the amount in writing before you go ahead, and our credit guide sets out how we are paid. Fees are more common in car and asset finance than in home loans.
What is a balloon payment?
A balloon is a lump sum left owing at the end of the loan term. It reduces the regular repayments but increases the total interest paid, and it has to be paid, refinanced or covered by selling the asset when the term ends. We show the total cost with and without one before you decide.
Will talking to you affect my credit score?
A conversation does not. A credit enquiry is recorded when an application is lodged with a lender, so we narrow the options first and discuss it with you before anything is lodged.
Do we have to meet in person?
Only if you want to. We work with clients across Australia by phone, email or Microsoft Teams, and we are happy to meet in person when it helps, at our offices in Geelong, Melbourne, Brisbane and Adelaide, or at a place that suits you.
Send us your estimate, or book a call.
Your figures
Your estimate shows here once you use the estimator.
- Purchase price
- Deposit or trade-in
- Interest rate
- Balloon
- Term and frequency
- Estimated repayment
Or talk it through
Car loans and personal loans for personal use are consumer credit, and we follow the responsible lending obligations for them. Equipment and vehicle finance for a business sits outside the consumer credit laws; we set out the costs and our reasons in writing either way.
General information only. It does not take into account your objectives, financial situation or needs. Any figures are estimates only, subject to lender criteria, credit assessment and a full needs analysis. Not a credit offer.