What is a Personal Loan for Car Finance?

In general, Personal Loans can be used for different purposes. These include home renovations & funding important events. When applying for a personal loan for vehicle purchase, you can use it if you need help buying a car upfront.

Here at Finley Finance, we offer secured personal loans for car finance, either with a fixed or variable rate. In this type of personal loan for car finance, the lender takes the car or another property or vehicle as security against your loan.

Why choose a Secured Personal Loan for Car Finance?

PURCHASE YOUR CAR YOUR WAY

A personal loan for a vehicle purchase can be used to finance a private car sale or buy one from a dealer, whether it’s new or used. No restrictions.

LOWER INTEREST RATE

By applying for a personal loan with vehicle as collateral, we could broker a much lower interest for you as compared to an unsecured personal loan which you may have encountered elsewhere.

FLEXIBLE REPAYMENTS

You can choose to settle your repayments either weekly, fortnightly or monthly depending on what suits you best.

FLEXIBLE LOAN INTEREST RATES

• Fixed rate
  As mentioned above, we could get you secured personal loans for car finance either with a fixed or variable rate. The choice is yours. From the term itself, a fixed rate means your loan’s interest rate will not change for the entire term. This allows you to budget accordingly. However, a personal loan for vehicle purchase with a fixed rate doesn’t allow you to make extra repayments. If the lender allows this, it usually comes with a fee. To give you an idea of how much your repayments could be, you can use our Loan Calculator.
• Variable rate
  A personal loan for car finance with a variable rate means your loan’s interest rate can change over time. While this poses a challenge in budgeting, you can make extra repayments without any fees. Doing so shortens the life of the loan. If needed, you may also redraw from the money you’ve paid provided you meet certain conditions.

NOTE: The terms of a personal loan with vehicle as collateral may differ based on the assessment of an individual’s financial profile. We strongly suggest seeking the assistance of our Finance Specialists to help you get a clearer view of your options. To reach us, simply call 1300 945 332

Why Finley Finance?

Our years of experience & extensive industry knowledge enable us the best chance to get you the financing you need when others can’t.

Once we receive your enquiry along with all the necessary information, a dedicated Finance Specialist will review the rates & lending criteria of our partner lenders (bank & non-bank). This, along with a deep understanding of your needs, allows us to come up with our best options.

Then once you’ve selected the best one for you, we’ll help you with the application as well. This includes applying with the lender on your behalf. Then with our years of experience & relationships we’ve built with partner lenders, we strive to get approval at the quickest time possible. We’ll keep you updated throughout the entire process.

Have bad credit? Not a problem!

If you’ve been denied due to bad credit, Finley Finance can help. We specialise in assisting with Bad Credit Car Loans. We’ll check our network for the best options suited to your situation.

Want a tailored quote? Sure!

To get a personalised quote, just call us via  1300 945 332. For a quicker way, you can click the button below.