Proton finance options
Want to purchase a Proton? Read our guide to compare your finance options.
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Proton is an automobile manufacturer and distributor based in Malaysia. It was founded in 1983 and has sold over 3 million cars in Malaysia.
Proton models available in Australia
There are currently three new Proton models you can buy in Australia, including a hatchback, sedan and people mover. The models are:
- Proton Suprima S
- Proton Prevé
- Proton Exora
How much does it cost to buy and run a Proton?
Initial purchase cost
The manufacturer's suggested retail price (MSRP) of current Proton models are as follows:
- 2018 Proton Suprima S GXA CVT Auto: $17,990
- 2018 Proton Prevé GX MT Auto: $14,990
- 2018 Proton Exora GXA CV: $25,990
Fuel efficiency
The 2018 Proton Prevé GX MT Auto is the best-performing Proton model with a fuel efficiency rating of 7.2L/100km. The 2018 Proton Suprima S GXA CVT Auto has a fuel efficiency of 8.8L/100km and the 2018 Proton Exora GXA CV has a rating of 8.3L/100km.
The ATO classifies a fuel-efficient car as one with a fuel consumption of less than 7L/100km, meaning none of the Proton models available in Australia meet this definition.
Other costs to consider
- Maintenance and repairs. You will need to have regular servicing and maintenance on your vehicle to keep it in good working order. You may also need to pay for repairs in the event of a crash or unexpected breakdown.
- Insurance. You will need to take out compulsory third party (CTP) insurance to drive in Australia. There are also a number of optional insurance policies you can purchase to help cover you for things like theft, fire and accidental damage. The cost of these policies is determined using your age, gender and driving history.
- Stamp duty. You have to pay stamp duty in Australia when buying a new or used car. This will vary by state or territory, but you can work out what you'll need to pay using our vehicle stamp duty calculator.
- New car extras. The listed price of a new vehicle will generally exclude any optional extras, such as alloy wheels or leather seats. If you wish to purchase add-ons, they should be factored into the cost of your vehicle.
- Cost of finance. If you want to use a car loan or other finance option to fund your Proton, you should also factor this into your overall costs.
What types of Proton financing options are available?
- Secured car loan. This is a type of personal loan that uses your new vehicle as security against the loan. You will generally receive a lower interest rate, but if you fail to repay the loan, the lender may take ownership of the vehicle.
- Unsecured car loan. Unlike a secured loan, you do not need to use your vehicle or other asset as security against the loan. You are likely to receive a higher rate than on a secured loan.
- Dealer finance. If you're planning on purchasing your vehicle from a dealer, you may also be able to have them act as a broker and secure finance on your behalf.
- Chattel mortgage. If you're a business looking to finance a car, you can use a chattel mortgage to take immediate ownership of the vehicle and then pay it off over a set term.
- Commercial hire. You can use commercial hire to lease a vehicle for your business and then have the option of taking ownership at the end of the lease term by making a one-off balloon payment.
- Novated lease. If you're currently employed and have an employer that supports salary sacrificing, you may be able to use your pre-tax income to lease a vehicle and save on tax.
Factors to consider when financing your Proton
You should consider the following when comparing finance options:
- Interest rate. The rate you receive will determine the size of your repayments and the overall cost of your loan. Depending on the finance option, you may get either a fixed or variable interest rate.
- Loan term. Most car loans will give you a loan term of between one and seven years, but other finance options may only offer terms up to five years.
- Fees and charges. There are a number of fees and charges you may have to pay depending on your finance options. These range from application and establishment fees, to ongoing service fees or break cost fees.
- Repayments. You will generally need to make regular repayments, but the payment schedule will vary based on the type and terms of your loan. With a novated lease, you may be able to include ongoing vehicle running costs in your repayments, which means the amount you pay will change each time.
- Loan amount. Lenders have set minimum and maximum loan amounts, so it's worth confirming a specific loan meets you financial needs before applying.
- Vehicle ownership. Some finance options will not give you ownership of the vehicle or will require you to make a lump sum payment at the end of the term in order to take ownership.
What you will need to apply for finance for your Proton
You will generally need to meet the following criteria to be eligible for a car loan in Australia:
- You must be at least 18 years old.
- You must be an Australian citizen or permanent resident.
- You must be currently employed or earning a reliable income.
You may also need to provide the following as part of your application:
- Proof of residence
- Details of your employment and income
- Financial information, including any debts, assets and liabilities
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