Car Loan Broker Brisbane

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What do car loan brokers do?

Our hassle-free process makes finding the right loan easy, and that’s because we start by listening to you. You tell us about yourself and the kind of loan you’re looking for, and then we’ll take the reins. That means searching our network to find a shortlist of the best Brisbane car loans to suit your needs. You pick the one you like best, and we’ll get to work negotiating with the lender on your behalf.

Are car finance brokers worth it?

You can get a car loan without a broker, but you’ll have to shop around to find the best deal. With over 20 years of finance experience, our Brisbane brokers do all the leg work for you, saving you time, hassle, and stress. We cut through the clutter to find fast, efficient solutions, and we’ll even take care of the application process and negotiate with lenders to get unique terms for your circumstances.

How much do car loan brokers charge?

We charge a fee for our vehicle brokerage service to cover the time it takes us to understand what you need and find the best options available. The rates and terms associated with the loan you choose are generally separate, and you’ll have peace of mind knowing you’re getting the best deal on the market.

Find out more about how we work.

Types of car loans

If you’ve already found the perfect new or used car, it’s time to think about the type of loan you’ll need. There are a few different options, and you can ask our Brisbane car loan brokers which option suits you best:

• Secured car loan: a lender will provide you with the cash you need to purchase your car, and the car will be used as security for the loan.
• Unsecured loan: unlike standard car loans, an unsecured personal loan is not tied to your vehicle or any other asset.
• Car lease: a car lease usually comes with lower monthly costs than if you were paying off a car loan. However, when you lease a car you do not own the vehicle.
• Novated lease: a novated lease, also known as salary sacrificing, is an agreement between you and your employer. They take on the responsibility of making repayments and covering other costs associated with the car like fuel, repairs and maintenance. In return, a part of your salary is sacrificed to cover the costs.
• Dealership finance: dealer financing is a type of loan offered by the dealer themselves.

Where to get car finance in Brisbane

To make getting out on the road easy, you can seek out a Brisbane loan broker like us to find the best deal available. Our experts speed up the process by taking care of the application and negotiating for better rates and fees to help you save on repayments.

You can also get a car loan from:

• Banks or private lenders
• Brisbane car dealerships

Car dealerships that finance in Brisbane

There are plenty of dealerships around Brisbane that will help you finance a new or used car. Once you’ve done your research, check out some of the options in the list below. Remember to shop around and don’t make your decision based on the first sale you see.

• Capalaba Car World is a great option for second-hand cars in the Redland Bay area. You’ll find a handpicked range of makes and models to suit any budget or lifestyle.
• Motorama has a mix of new and pre-owned vehicles you can take for a spin.
• Norris Motor Group is a great option for northsiders looking to upgrade or trade in their used car.
• Brisbane Car Yard has a great range of vehicles, and as part of Mooroka’s magic mile on Ipswich Road, you can shop around some other dealerships right next door.

How it works

You can either apply for a car loan through a lender directly or go to a finance broker.

The process of getting vehicle finance generally involves the following 8 steps:

1. Consider how much you need – knowing the loan amount and purchase price of the vehicle will help narrow down lenders and suitable offers.
2. Review types of vehicle finance available – there are a number of finance options available to suit different vehicle types, uses, individuals, and businesses.
3. Check your credit score and history – this is important to know before you start looking for lenders as it will affect eligibility and loan conditions.
4. Research lenders – compare loan terms, fees and charges, interest rates, how much you can borrow, required documents, conditions, and eligibility requirements.
5. Apply for the loan – most major lenders will have an online application process available, you will need to have all your documents ready to supply when prompted.
6. Provide further information – you may be contacted for further information or more documentation before you get an outcome.
7. Receive an offer – when your loan application is approved, you will receive an offer that you can accept or decline. Remember to check the terms and amount being offered before you sign the document.
8. Receive the funds – the money will be transferred to the car dealer or into your elected bank account. This typically takes between 1-7 days depending on the lender and the bank.

It’s important to thoroughly consider your needs and circumstances when researching the right type of loan for you. Alternatively, you can seek help from a finance broker who can review your situation quickly to evaluate, negotiate, and apply for the best loan for you.

Required documents

The exact documents you’ll need vary depending on the lender and the vehicle you’re applying for, but here are some basic document requirements most Brisbane lenders will ask for:

• Certified copy of your passport or identity document
• Proof of income and employment details
• Proof of address
• Assets and liabilities
• Registration details of the vehicle

Eligibility

There are a few basic lending criteria you’ll need to meet to qualify for vehicle finance.

You’ll need to:

• Be 18 years old or over
• Have a regular income
• Have not filed for bankruptcy
• Be a permanent Australian resident or relevant visa holder

Get started today

Ready to get the car of your dreams? Talk to one of our car loan brokers in Brisbane to get started today.

Loans for every reason

Need a personal loan for another type of vehicle? Learn more about how we can help you secure:

• Motorbike finance
• Caravan finance
• Boat finance