Get The Best Car Loan In Town

  • Apply and receive tailored loan offers
  • Compare multiple car loan offers
  • Borrow up to $100,000
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Loan Amount
$
Loan Amount
$1,000
$200,000
$20,000
Tenure
Tenure
3
72
Month

Your monthly payment

$ 533

Selected Partners
Plenti
NOW Finance
OurMoneyMarket
Wisr
MoneyMe
Fair Go Finance
Plenti
NOW Finance
OurMoneyMarket
Wisr
MoneyMe
Fair Go Finance

Over 200,000 happy customers

Hear what Australians are saying about Lendela.

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amie tobin
1 week ago
Awesome… saved my life ❤️
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Stephanie Sheldrick
3 weeks ago
First time going through Lendela. The staff member (Dee) was extremely helpful getting me through the process,...
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Aleni Te'o
1 month ago
Awesome company, very easy and simple. I recommend Lendela to anyone. Very helpful, thank you.
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Sandra Taylor
1 month ago
Lendela have the customer service I have experienced in the lending platform, even though I didn't get the outcome ...
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David Ailao tui
1 month ago
This is the best lender I ever experienced I done my application on 1 day and the next day I got approved soo...
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Christopher McGrigor
1 month ago
My experience dealing with Lendela has been nothing but positive. In particular your staff member Dee, whom has...
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Iftiyaz Khan
2 months ago
Very good 👍
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Arlete Ferreira
2 months ago
The best , thank you so much for all your help ❤️
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Brett Davis
2 months ago
Dee did a excellent job in assisting me with my loan, And I would highly recommend her for any further assistance
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Paul gibbons
2 months ago
It's only early but all good
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lynda mckune
2 months ago
Awesome can not fault
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RUSSELL ASENO
2 months ago
Very reliable and friendly. Looking out for the best outcomes for their clients

ONE APPLICATION – MULTIPLE PERSONALISED LOAN OFFERS

Three steps to get your perfect personal loan in Australia:

Apply fast & easy

1. Apply in a few minutes

Compare your offers

2. Compare multiple personal loan offers

Select loan and get your money

3. Select the best option and get your money

LENDELA'S PROMISE

Our goal is to make the loan application process in Australia faster, simpler, and more transparent. We assist you from application to disbursement as Australia's only true personal loan comparison service. Click here to learn more about Lendela and how we help thousands of Australians seeking loans every month.

Featured In

Guide to Car Loans in Australia: Crucial Knowledge Before Taking up a Car Loan

Purchasing a car is an exciting milestone, but it often comes with the need for financial assistance. Car loans offer a popular financing option for Australians looking to buy a vehicle. This comprehensive guide aims to provide you with a wealth of information about car loans in Australia. From understanding the basics of car loans to exploring different loan types, eligibility criteria, interest rates, and repayment options, this guide will equip you with the knowledge you need to make informed decisions when it comes to financing your car purchase.

Your Guide to Car Loans


What Are Car Loans?

Car loans are specialized loans designed to finance the purchase of a vehicle. They allow you to borrow a specific amount from a loan provider, which you repay over an agreed-upon period of time with interest.


How Car Loans Work

Car loans operate on the principle of amortization, where each monthly payment goes towards both the principal amount borrowed and the interest accrued. The loan terms, interest rates, and repayment options vary based on the loan provider and your creditworthiness.

Types of Car Loans


Secured Car Loans

Secured car loans use the vehicle as collateral, providing the loan provider with security in case of default. These loans often offer lower interest rates and longer repayment terms, but the vehicle's age, condition, and value play a role in determining the loan terms.


Unsecured Personal Loans for Cars

Unsecured personal loans can be used for purchasing a car without requiring collateral. The interest rates and loan terms may vary based on your creditworthiness and the loan provider's assessment.


Dealer Finance and Car Leasing

Dealer finance allows you to finance the car purchase directly through the dealership. Car leasing involves renting a vehicle for a specified period, after which you can return it or purchase it. Both options have their own advantages and considerations, so it's important to evaluate them carefully.

Eligibility and Application Process for Car Loans


Loan Eligibility Criteria

Loan providers have specific eligibility criteria that include factors such as age, income, employment stability, and credit history. Meeting these criteria improves your chances of loan approval.


Applying for a Car Loan

The application process typically involves providing personal and financial information, as well as details about the vehicle you intend to purchase. Be prepared to submit documents such as identification, proof of income, and vehicle specifications.

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Interest Rates and Repayment Options


Understanding Interest Rates

Car loan interest rates are influenced by various factors, including the Reserve Bank of Australia's cash rate, the loan provider's margin, loan amount, and term. You can choose between fixed and variable interest rates, each with its own advantages and potential impact on your monthly repayments.


Repayment Options

Repayment options for car loans include monthly, fortnightly, or weekly repayments. Selecting a repayment frequency that aligns with your budget and financial goals is essential. Consider the total interest paid over the loan term when choosing a repayment option.

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Choosing the Right Car Loan


Comparing Loan Providers and Loan Offers

Thoroughly research and compare car loan providers, considering factors such as interest rates, fees, loan terms, customer service, and reputation. Utilize online comparison tools and read customer reviews to gather insights.


Pre-Approval and Negotiation

Obtaining pre-approval for a car loan can give you a clear budget and negotiating power. When negotiating with loan providers or car dealers, be prepared and assertive to secure favorable interest rates and loan terms.

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How To Get the Best Car Loan Deals in Australia?


Car loans provide a practical financing solution for purchasing a vehicle in Australia. Understanding the fundamentals of car loans, exploring various loan types, considering eligibility criteria, and comparing loan offers are crucial steps in making an informed decision.

Apply on Lendela today to find the best car loan offers so you can confidently navigate the car loan process and secure the financing that suits your needs and budget. Happy car hunting!

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