Car loans and car finance in Sydney Car loans for new and used cars
New or used, from a dealer or a private seller, for the family or for work: we compare car loans across lenders and explain the trade-offs, such as balloon payments, before you sign.
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Who this suits
- You're buying a new or used car from a dealer or a private seller
- You want pre-approval so you can negotiate with confidence
- You're comparing dealer finance with other options
- You need a vehicle for your business
How it works
- Your budget firstWhat you can comfortably repay, and whether a deposit or trade-in changes things.
- Pre-approvalKnowing your limit before you shop puts you in a stronger position.
- Compare the optionsTerm length, balloon or no balloon, and secured car loans against other choices.
- SettlementWe work with the dealer or seller so you can drive away.
Things worth knowing
Secured car loans usually cost less
The car is the security, so rates are usually lower than an unsecured personal loan. Lenders may set an age limit for the car.
A balloon lowers repayments but leaves a lump sum
You'll owe the balloon at the end of the loan. Our balloon calculator shows the trade-off.
Private sales need extra checks
Lenders confirm the seller owns the car and that there's no money owing on it.
Dealer finance is worth comparing
It can be convenient, but compare the rate and fees with other options before you sign.
Documents you'll usually need
- Photo ID and your driver licence
- Your two latest payslips, or business financials
- Three months of bank statements
- The dealer's invoice, or the private seller's details
We'll confirm exactly what your lender needs, so you don't gather anything twice.
Calculators for this
Questions
Can I get car finance for a private sale?
Yes, many lenders finance private sales. They check there's no money owing on the car before paying the seller.
Should I choose a balloon payment?
A balloon lowers your repayments, but you'll owe a lump sum at the end. It suits some people and not others, so we show you both.
How fast can a car loan be approved?
Sometimes within a day or two, depending on the lender and how quickly your documents come in.
Can my business finance a car?
Yes. Business car loans and leases work differently, so ask your accountant about the tax side.
General information only. It doesn't consider your objectives, financial situation or needs. Lending criteria, fees and charges apply.
Ready when you are.
Book a 20-minute call. We'll listen first, explain your options in plain English, and tell you what we'd do next.