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Suzuki Finance Options

Learn more about your financing options when looking to get on the road in your dream Suzuki.

Suzuki has been around for over 100 years, starting from humble beginnings in Japan and now built up into an instantly-recognisable brand worldwide. It’s for this reason that you might be looking at purchasing a Suzuki, and what financing options you have to do it.

Suzuki models start in price from $15,990 and go as high as $33,990, so if you don’t have these funds on hand, this guide will take you through what loan options you can consider.

How can you finance a Suzuki?

You are able to benefit from a range of finance options to get your Suzuki. Finance options include:

  • Secured car loan. Opting for a car loan will give you a competitive rate in return for securing your Suzuki to the loan. While some lenders require you to borrow a minimum of $25,000 (higher than what it costs to purchase some Suzuki models), you can find other minimum amounts as low as $1,000 so you will have a few loans to compare and consider. Rates vary but are generally between 5-10% p.a.
  • Unsecured personal loan. If you want to purchase a used Suzuki or you want to use the funds for another purpose, you may want to consider an unsecured personal loan. You can generally borrow between $1,000 and $100,000. Comparison rates start from 7.69%p.a and go as high as 16.55%p.a. The rates are higher with these loans as there is more of a risk to the lender because there is no collateral to secure the loan.
  • Suzuki dealership finance. Suzuki offers financing as you’re buying your vehicle. There is a range of options to choose from tailored specifically to the car you wish to buy. Regardless if your car is for personal or business use, there is finance available for both options..
  • Novated lease. A novated lease is a three-way agreement between you as an employee, a financier and your employer who leases a car on your behalf. This is ideal for those who want their car paid for using pre-tax income. If you change jobs, your novated lease follows you.
  • Chattel mortgage. This financing is ideal for businesses, as you take ownership of the vehicle at purchasing, but a mortgage is taken over the vehicle until you pay off what you owe. Once you’ve paid off the loan, the vehicle title is transferred to you.

Compare car loans suitable for use to purchase a Suzuki

Rates last updated February 21st, 2018
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
IMB New Car Loan
From 5.99% (fixed)
6.34%
$2,000
1 to 7 years
$0
$250
Borrow up to $75,000 for a new car up to two years old. Competitive 5.99% p.a. rate available to all approved applicants.
Latitude Car Loan
From 6.99% (fixed)
8.1%
$5,000
1 to 7 years
$10
$295
A secured loan with a competitive rate that can help you finance a range of new or used vehicles.
RACV New Car Loans
From 6.49% (fixed)
7.03%
$15,000
1 to 7 years
$0
$380
A competitive rate car loan from RACV with no monthly fees and 5-hour loan approval.
Beyond Bank Low Rate Car Loan
From 5.69% (fixed)
5.97%
$25,000
1 to 7 years
$0
$175
A great rate for cars under 2 years old.
Stratton Finance New Car Loan
From 5.49% (fixed)
6.62%
$18,000
1 to 10 years
$7
$499
Benefit from a car broker with over 25 years experience
NRMA New Car Loan
From 6.49% (fixed)
7.03%
$15,000
1 to 7 years
$0
$380
Purchase a new car with an NRMA Car Loan with a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
Bank of Melbourne Secured Car Loan
From 8.49% (fixed)
9.6%
$3,000
1 to 5 years
$12
$195
Apply for up to $80,000 and have your choice of a fixed or variable interest rate.
Freedom Finance Car Loan
From 5.1% (fixed)
5.94%
$35,000
1 to 5 years
$0
$380
If you meet all the requirements you could get access to a range of lenders to finance a new or used car up to 4 years.

Compare up to 4 providers

How much will a Suzuki loan cost?

All cars have running costs that need to be factored into the amount you wish to borrow. Some of these costs include registration, insurance, fuel, servicing and repairs. If you get a Suzuki Swift, fuel might not be such a problem since its mileage is 4.6L per 100km. However, a bigger car such as the Suzuki SUV S-Cross uses 5.9L per 100km. Looking into the fuel economy before making a final decision is wise.

With Suzuki vehicles ranging in price from $15,990 and as high as $33,990, it’s important to keep your budget in mind when considering which vehicle is right for you.

If you’re worried about the amount of interest you’ll owe on your loan, a car repayment calculator is one way to check it out. You enter the amount you want to borrow over the loan term. You enter the percentage rate that’s been given (which is dependant on the lender) and you see how much interest is generated over the loan duration.

How do you decide how to finance your Suzuki?

Deciding on the best financing for you can be difficult if you’re unfamiliar with available features. Some common features are:

  • Interest rates. If the interest rate is variable, this means that it fluctuates with the market and usually includes a redraw feature. If the rate is fixed, you have a certainty of knowing what your repayments will be each month.
  • Repayment flexibility. Lenders offer weekly, fortnightly or monthly repayments, and the option to choose which one works best for you is ideal.
  • Balloon repayments. A balloon repayment is where you’re expected to pay off the rest of your loan amount in full at the end of the loan term.
  • Fees (upfront and ongoing). Some lenders charge an application fee up-front for applying for their car loan. Other costs tied into your loan that you should look out for include monthly charges, transaction fees and late repayment surcharges.

Have more questions about financing a Suzuki?

Should I get a new or used Suzuki?

This depends on what you want from a car. If you want a car where you’ll be the first in the driver’s seat and it’s within your budget, go with new. If that doesn’t bother you so much and you’re looking for a cheaper car, used is your best bet.

Which car is better for me in the Suzuki range?

If you’re looking for a small car that can zoom around the city, look at the Suzuki Swift range. If you’re after a people mover, look at their range of SUVs and vans available. However, this is a personal choice.

Am I able to customise the car to my needs?

You can customise your vehicle to meet your needs (such as a change in colour, window tinting, extra features etc.) at an extra cost.

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Related Posts

Car Loan Offers

Important Information*
IMB New Car Loan

Borrow up to $75,000 for a new car up to two years old. Competitive 5.99% p.a. rate available to all approved applicants.

Beyond Bank Low Rate Car Loan "Special Offer"

A great rate for cars under 2 years old.

RACV New Car Loans

A competitive rate car loan from RACV with no monthly fees and 5-hour loan approval.

Heritage Bank Car Loan

Apply for up to $100,000 to finance a new or used car at a competitive fixed rate.

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