Loans.com.au Car Loans

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- Early payout available
- No monthly ongoing fee
- Borrow up to $100,000
Loans.com.au Car Loans
From
fixed rate
From
comparison rate
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When you are searching for a car loan, it is always important to compare your options. While not all the loans below offer pre-approval, it is important to know what is available before you start comparing.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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If you're looking for finance to help you buy a car, the usual car-buying process involves you finding a car, then applying for a loan to help you buy it. Pre-approval is available from some car financiers so you can head to the dealership knowing how much you're approved for. Find out everything you need to know about pre-approval, and compare some of your options on the page below.
Conditional approval is given when you're initially approved for a pre-approved car loan. Based on the details you provided during the pre-approval process, the lender says you can borrow up to a certain amount. Unconditional approval is when the lender approves you for the loan to buy a specific vehicle. Lenders have restrictions with the types of vehicles they will finance, so need to be sure that the car fits within these restrictions before giving the final green light.
When you apply for pre-approval, your financial circumstances will be evaluated and the lender will determine how much you can afford to borrow. During the process you'll need to provide the same details as you would provide a normal loan. It's important to note that pre-approvals are only valid for a short space of time.
A huge benefit to a pre-approved car loan is it gives you an advantage when you need to negotiate the price of a vehicle. You know how much you can spend, so you can make an offer there and then. However, this means you also means you know your budget limitations, so if the salesperson can't meet your negotiations you'll have to walk away. You also have committed to the loan in a way, as it's not listed on your credit file, so if you want to take advantage of a competitive dealer finance offering you may not be able to.
While pre-approved car loans are not as widely available as other standard car loans, there are still a small number of lenders you can consider.
Pre-approved car loans can be used to purchase cars bought through a dealership, at private sales and at auction. These are all the types of situations you can expect to use a regular car loan for. So in that regard, pre-approved car loans serve the same purposes as regular car loans.
Like the best features on the market? You can get some of the best features and interest rates on the market with pre-approved car loans.
There's probably a few things you should do before buying a car, and these will vary from person to person. Here's a few things to keep in mind.
Apply online to see if you qualify for a pre-approved car loan. You can compare your options using the table on this page and click 'apply' once you've found the right loan for you. Keep information handy such as your income, employment details, other income, assets, liabilities and 100 points of ID. Applying has never been easier, with some lenders granting pre-approval within 60 seconds.
You asked and we listened. Here are the top questions you've had about getting pre-approval on your next car loan
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Matt Corke is Finder's head of publishing for rest of world and New Zealand. He previously worked as the publisher for credit cards, home loans, personal loans and credit scores. Matt built his first website in 1999 and has been building computers since he was in his early teens. In that time, he has survived the dot-com crash and countless Google algorithm updates.
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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.
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.
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.
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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I hold a provisional resident visa (subclass 309) pending my permanent residency which is sooner. I have lived in Sydney for 1 year and 7 months. There is no restriction on my visa, and I have been working as a part time permanent for a year plus now. Am I eligible for Car Loan from any Bank?
Hi Dennis,
Thank you for your inquiry.
Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.
Here are some steps for you to get a pre -approved Car Loan:
-Get a copy of your credit score
-Ensure you have all your documents and pay slips
-Compare a range of loans that you can apply for
-Contact your bank or financial provider you wish to apply with
Shop around for your next car
Before applying for any loan, please ensure that you meet the eligibility criteria and requirements of the loan option or lender and make sure to read the details, as well as the relevant PDS/ T&Cs of the loan option before making a decision and consider whether the product or option is right for you.
Please contact your preferred lender to inquire. You may click the ‘Go to Site’ button to submit an online application.
Best regards,
Rench
I have been pre approved for a car loan and went and found a car I liked today, and my bank said to make sure it was subject to finance which I did , do I let my bank know all the cars details and dealer details or does the dealer do that on my behalf
Hi Sharon,
You’ll need to advise the dealer that you’ve got a pre-approved car loan, but then you’ll need to give the details of the vehicle to the bank yourself. Following this the bank will pay the money to the dealership on your behalf.
I hope this helps,
Elizabeth
sir I have a 2011 buick lacrosse that I want to trade in for a 2016acura rdx so how does a pre approval work in this case . I owe approx. 8000$ on it
Hi Richard,
Pre-approval works depending on the lender you apply with, but this will be considered a refinancing loan. You can compare lenders using the table above and once you’ve found a lender you want to enquire with you can click through to its website. You can then find out the process and if the car is eligible for refinancing. You may also want to consider the services of a car loan broker which you can do on the table above.
I hope this has helped.
Thanks,
Elizabeth
Can you get a loan while being unemployed? Do car loaning places accept your application if your partner or parent is willing to pay your car loan until you get a job?
Hi Karina,
Thanks for your question.
When considering your application, most lenders will need to see proof of income before accepting your loan. Some lenders will allow a guarantor, but it’s best to do some research and speak to relevant the lenders before you apply to discuss your eligibility.
Cheers,
Shirley