Latitude Financial Services New and Used Car Loan

Latitude New and Used Car Loan

Latitude New and Used Car Loan


6.99 % p.a.

fixed rate


8.1 % p.a.

comparison rate

  • Competitive low rate
  • Up to 7 years to repay
  • New or used vehicles accepted
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What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the product issuer's website. You do not need to be an existing customer of this provider to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • You'll be given a decision on your application from the lender and you could have the money in your account within 24 hours.
Click here to start your application >>

Get competitive fixed rates and a flexible term to finance a range of vehicles with a Latitude New and Used Loan.

If you’re looking for a vehicle loan, Latitude gives you a breadth of options. You can finance new and used cars, boats, trucks, bikes and more with a repayment plan tailored for you. Because you can customise your own loan, you can get the benefits you want with a Latitude Motor Vehicle Loan.

Product NameLatitude New and Used Car Loan
Interest Rate (p.a.)From 6.99% (fixed)
Comparison Rate (p.a.)8.1%
Interest Rate TypeFixed
Min Loan Amount$5,000


  • Additional repayments without penalty
  • Finance a new or used vehicle
  • Flexible repayments


  • Monthly fee of $10 to pay
  • $295 application fee

Main points to consider with the Latitude New and Used Car Loan

Everyone has different financial needs, so Latitude gives you options. The loan comes with a fixed rate of between 6.99% p.a. and 14.99% p.a. As mentioned, you can finance a range of vehicles and enjoy quick approval, with the funds being transferred to your account within one or two days of approval.

Features of a Latitude New and Used Car Loan

  • Fixed from 6.99% p.a. to 14.99% p.a. interest rates. Enjoy competitive fixed interest rates for a range of vehicles.
  • Risk-based pricing. Latitude relies on risk-based pricing to give you an interest rate, so the rate applied to your application will depend on the information supplied in your application.
  • New or used. The loan is available for both new and used vehicles.
  • Any vehicle type. This type of loan is available for all motorised vehicles including cars, motorbikes, boats and caravans.
  • Classic car options. You can get standard financing for cars no more than 20 years old, or other vehicles no more than 12 years old. There may be options available for cars older than this.
  • Free additional repayments. Pay back more at no extra cost and with no extra repayment fees.
  • No early repayment fees in the second half of the loan term. If you repay the loan early in the second half of your loan term, you won't be charged any early repayment fees. The charge for repaying your loan early in the first half of your loan is $750.
  • Flexible repayments. Choose a weekly, fortnightly or monthly repayment schedule to suit your needs.
  • $5,000 minimum loan amount. Borrow a minimum of $5,000 for any vehicle or $3,000 for motorbikes. There is no maximum borrowing limit.
  • Specialist consultation: Latitude's specialist consultants can work with you during the process. They can help choose a loan that works for you and advise you on how to tailor it for your lifestyle and budget.

How much does the loan cost?

The following fees apply:

  • $295 establishment fee when signing up
  • $10 monthly account-keeping fee
  • $40 late payment fee
  • Early repayment fees apply when you pay off the loan and close your account before the agreed-upon time. This fee depends on your total loan value, and how early it is repaid.

How to apply for a Latitude Motor Vehicle Loan

Applying is an easy process, which you can start by clicking the "Go to Site" link on this page. To be eligible you must:

  • Be 18 or older
  • Be a permanent resident of Australia
  • Have had a good credit history for the last five years
  • Have had no bankruptcies within the last seven years

When applying you will need to provide:

  • Proof of identity. You must prove your age, residency and identity. This can be done with your passport, driver's license, proof of age card with address, pensioner or Centrelink card, recent utility bills or rates notices or other identifying documentation.
  • Proof of income. You must provide two of your most recent payslips or your most recent tax return or financial statement if you're self-employed.

Latitude's Motor Vehicle Loan offers all-in-one vehicle financing that puts you and your vehicle first. However, keep in mind that it's best to compare all your options before you apply.

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2 Responses

  1. Default Gravatar
    RockyOctober 5, 2018

    Hi , I’m looking to refinance my vehicle, the payout is 19000, do I add that on that amount on top of the new or used car that I’m looking for when calculating the figure. Kind regards

    • Avatarfinder Customer Care
      MayOctober 7, 2018Staff

      Hi Rocky,

      Thanks for your question.

      With car loan refinancing, you may only indicate in your application the total amount you would basically need to pay off your existing car loan to take advantage of the lower rate, fewer fees and/or easier repayment options. If you’re thinking of getting a new car loan (either for new/used car), the loan amount will be calculated and approved separately by the lender. If you want to get refinancing with Latitude, best to contact them directly to check the specific amount you may be approved to borrow. They don’t usually have a maximum borrowing limit though.

      Hope this helps.


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