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Money Hack: How to get on-road costs included in your car loan

Posted: 28 July 2018 10:00 am
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getting car loan

Some lenders will let you add the cost of insurance, rego and even navigation systems into your loan amount.

Cars can be one expensive purchase, which is why car loans are a common way of spreading the expense out over a few years. Trouble is, the sticker price of a car isn't the only thing you pay for when you buy it. Insurance, registration, navigation systems and stamp duty are all extras that you might need to purchase after buying your car. But, did you know some lenders will let you add certain on-road costs like these on to the loan amount?

The hack

If you don't want to pay for some of your on-road costs upfront, find a lender that will let you add them into your loan amount. Some car loan lenders will only approve you for the sticker price of your car, but others will let you borrow a certain amount above that (calculated either as a percentage of the price of your car, for example 10%, or simply the value of the on-road costs).

Here are some lenders we found that let you borrow extra for on-road costs.

LenderHow much you can borrow for on-road costsWhat you can borrow forFind out more
Westpac10% of the car's Redbook valueOn-road costs such as insurance, transfer costs and registrationWestpac Car Loan
UniBankNot specifiedNavigation systems, insurance, car alarmsUniBank Car Loan
Stratton FinanceNot specifiedRegistration, stamp duty, insurance and sometimes negative equity.Stratton Finance Car Loan

Before you employ this hack, remember that increasing your loan amount will increase your repayments, so if you are able to pay these costs upfront you will be better off in the long run.


finder money hacks is a bi-weekly round-up of the latest tips and tricks to improve your finances. Check back every Wednesday and Saturday for new hacks.

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