Stratton Finance Car Loans Review - Rates & Fees | Finder

Stratton Finance New Car Loan

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Get on the road in the car you want using a car loan through Stratton.

This car loan is offered through Stratton Finance, one of Australia's largest car finance brokers with over 25 years of experience. Stratton Finance is a part of the Carsales network, giving you access to a range of vehicles that meet your needs and lifestyle.

By using Stratton's services you'll be able to benefit from a car loan broker. Find out more about this loan in this review.

$700

Application Fee

From 3.85% (fixed)

Interest Rate (p.a.)

4.05%

Comparison Rate (p.a.)

$250,000

Max Loan Amount

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Details

Product NameStratton Finance New Car Loan
Interest Rate (p.a.)From 3.85% (fixed)
Comparison Rate (p.a.)4.05%
Interest Rate TypeFixed
Min Loan Amount$10,000
Max Loan Amount$250,000

If you're looking for vehicle finance, finding the right loan from the right lender is important, but it can also be a challenge. There's not only a lot of different lenders to choose from but a lot of different loan types. From basic car loans and secured loans to chattel mortgages, novated leases or even a commercial hire purchase.

If you find yourself unsure of what type of loan you need, or even what you can afford, Stratton can help you source a lender, navigate the application process and see you right through until the forms are signed and the keys are in your hand.

Stratton Finance New Car Loan

Stratton Finance New Car Loan

From

3.85 % p.a.

fixed rate

From

4.05 % p.a.

comparison rate

  • Rates from 3.85% p.a.
  • Loan terms 3 to 7 years
  • Fast approval
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100% confidential application

Stratton Finance New Car Loan

Stratton offers a competitive interest rate loan up to $250,000 with flexible repayment options.

  • Interest rate from: 3.85% p.a.
  • Comparison rate: 4.05% p.a.
  • Interest rate type: Fixed
  • Application fee: $700 ()
  • Minimum loan amount: $10,000
  • Maximum loan amount: $250,000
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Apply for a car loan from Stratton Finance

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$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
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Main points to consider with Stratton's car loan

Stratton is a finance broker that can secure you competitive finance for your car purchase. They offer fixed rates starting from 3.85% p.a. and the comparison rate is 4.05% p.a. These depend heavily on your individual circumstances that your Stratton personal loan broker will discuss with you.

You can apply for up to $250,000 with a loan term of up to 7 years. You are able to trade in a vehicle and use it as a deposit as well as having the option of using cash.

Stratton's car loan features and benefits

  • Low rate. The fixed rates start from 3.85% p.a. and the comparison rate is 4.05% p.a.
  • Freedom of choice. Stratton works with a range of car loan brands to offer a competitive range of products.
  • Dedicated consultant. Stratton will appoint a personal broker to help find the loan that suits your situation.
  • Fixed interest rates. The fixed rate offers you the certainty of knowing how much your repayments will be each month. You also have the ability to redraw funds when necessary.
  • Flexible contract terms. This loan has terms that range from 3 years to 7 years.
  • Make a deposit. You are able to make a deposit of either cash or a vehicle that you can trade in to ease the cost of your repayments.
  • Option of a balloon payment. This is an overall value that can be applied to your contract which enables you to tailor your repayments to a budget.
  • Monthly repayments. Your repayments are made on a monthly schedule.
  • Early repayment option. You may be able to pay off your loan early without penalty, depending on the lender that is used.
  • Potential tax deduction. You may be able to get a deduction on your taxes using this vehicle for business purposes. Simply let Stratton Finance know that you intend to use the vehicle for business and they'll take you through the process.
  • Business and personal car loan options. If you're looking to buy a car for personal use, to use for your business or to buy through salary packing, Stratton may have loan options for you.
  • Knowledge and expertise. It has been operating for the past 15 years and so have extensive experience in vehicle finance.
  • Full online quote and approval. You can easily and conveniently submit your application form online to see if you’ve been approved and then receive a quote.

Fees and charges

  • Application Fee. $700
  • Service Fee. There is a monthly fee attached to this loan.

Compare car loan options from Stratton Finance

While Stratton doesn’t offer loan products themselves, they work with a range of car lenders to give you access to the following types of loans:

Personal loan

This type of loan doesn’t require you to use your car as a guarantee, protecting the car in case you default on the loan. As these loans are riskier for lenders they generally come with higher rates. However, you’ll also find that you are less restricted in the way you can use your loan amount.

Car loan

Car loans are secured, meaning your car will be used as a guarantee and will be repossessed if you default on the loan. These loans generally come with lower rates and fees than unsecured loans.

Finance lease (car lease)

This is a commercial loan product whereby a financier purchases a vehicle and leases it out to a customer. The customer pays a fixed monthly lease rental and then pays a residual payment at the end of the lease to take ownership of the vehicle.

Commercial Hire Purchase (CHP)

This is similar to a finance lease except its where a business hires a car from a financier. After paying to lease the vehicle during the leased term the business has the option to purchase the vehicle at the end of the term.

Chattel mortgage

A chattel mortgage is another avenue a business can take to secure a vehicle. This avenue involves a business borrowing money from a financier to buy a vehicle, and the financier having a mortgage over the vehicle until the loan is repaid.

Novated lease (salary packaging)

This type of loan allows an employee to buy a vehicle which is paid for out of their pre-tax income by their employer. There are several tax benefits to this loan type, and its also an incentive that employers can offer to their employees.

Fully-maintained novated lease

This is another method of salary packaging where an employee leases a car and their employer uses the employee’s pre-tax income to cover the repayments and operating expenses.

How to apply for Stratton's car loan

Click on "Go to Site" and ensure you meet the following requirements:

  • Be over the age of 18
  • Be an Australian citizen or permanent resident
  • Have held good credit history over the last five years
  • Have not declared bankruptcy in the past seven years
  • Indicate whether or not you are a property owner. This includes mortgaged properties. Although this is not a requirement per se, it will better determine your solvency to pay off the loan.

What information will you need to apply for the car loan?

If you’d like to apply with Stratton to help you find a car loan, or any other type of loan, you can submit an online enquiry directly through their website. Have the following details on hand:

  • Vehicle information. The make, model, build year, condition of the vehicle and where you're buying the vehicle from.
  • Finance details. How much you need to borrow and the terms you need.
  • Financial and personal details. Your name and contact details, whether you own property and if you've had finance before.
  • Employment details. Your income after-tax and your business' contact details.

What other products does Stratton Finance offer?

In addition to car finance, Stratton Finance give you access to a diverse range of lenders who offer products in the following areas:

Property finance

Stratton provides mortgage broking services to help you find a home loan, investment property loan, commercial mortgage and development funding.

Plant and equipment finance

You can also employ Stratton’s services to find financing for your industrial plant and equipment.

Boat finance

Stratton can help you find a lender to fund the purchase of a boat, yacht, jet ski or commercial fishing vessel.

Insurance products

You can also find an insurance provider to find cover for your car, home, loans, overseas travel and more.

During the approval process no further documentation will be necessary aside from your personal data which includes your asset and liabilities situation. Based on this small disclosure, Stratton Finance will determine your eligibility, and your final rate will be based on your risk profile.

Stratton Finance's 25 years of experience will help you find your ideal vehicle. However, be sure to compare other personal loans and financing products to ensure this one meets your needs.

Other loans available from Stratton Finance

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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6 Comments

    Default Gravatar
    Ian
    April 11, 2019

    I want to refinance the ballon payment on my car, love the car dont want to change but so many different ways. Secured, unsecured, personal loans any advice

      Avatarfinder Customer Care
      Jeni
      April 13, 2019

      Hi Ian,

      Thank you for getting in touch with Finder.

      If you’re interested in getting refinancing from Stratton Finance, kindly contact them directly to discuss your options.

      You may also know your other options for refinancing your balloon payment or you can also get a novated lease.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    Paul
    March 29, 2019

    I need the money to get a car to drive my new girlfriend around QLD country, ok?

      Avatarfinder Customer Care
      Jeni
      March 30, 2019

      Hi Paul,

      Thank you for getting in touch with Finder.

      If you consider applying for a car loan with Stratton Finance, please visit their official page to start your online application. You may also call then directly to know your chances of getting an approved car loan. Please make sure that you’ve read the details eligibility criteria and relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    Griffiths
    October 15, 2018

    Declared bankrupt after long illness after a car accident in 2012, now fully recovered.
    Discharged from bankruptcy on 16/4/2017.
    Recommenced work 12/2014.
    Major car loan lenders want me to pay a 1/3 deposit.
    Any easier options available?

      Avatarfinder Customer Care
      John
      October 16, 2018

      Hi Leslie,

      Thank you for leaving a question.

      There are lenders who consider applicants if they’ve been discharged from bankruptcy or are currently bankrupt. However, please note that the fees and rates will be considerably higher on bankrupt loans. Please refer to the table under the subheading “Which lenders consider bankrupt or discharged bankrupt applicants?” to see which lender suits you. You may click the name of those with check marks to read further details such as minimum and maximum loan amount, fees, loan term, turnaround time as well as their pros and cons. Hope this helps!

      Cheers,
      Reggie

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