Car Loans

Personal car loans

These are predominantly secured loans which means the car is used as security for the loan, and being a secured loan means you are more likely to qualify for a lower interest rates.  These loans can be structured from 12 to 84 months in term as long as it fits affordability so we can work that out with you as needed.

Buying the car – you can buy either new or second hand vehicles and we can cater to nearly every age of vehicle too, so if you are buying a specialist or collectors car you can still obtain finance. The vehicles can be sourced from new car dealerships, used car yards or from a private sale. (Keep in mind if you are buying private sale that you are liable for the stamp duty and transfer fees and often cannot include that in the finance).

As well as having a large suite of lenders we can also quite often help you to source your vehicle as we have ongoing relationships with car dealers and wholesalers. 


Business car loans

Chattel Mortgage – these loans are designed for business usage and you can claim the GST on your purchase on your next BAS statement (up to the threshold).  The vehicle is used as security on the loan so although it can be sold at any time the loan must be finalised.

(You may be eligible to apply under a low doc option if your current financials aren’t up to date).  Chattel mortgages can be paid either in arrears or in advance and balloon payments are available to approved clients.

Novated Lease– This is an agreement between yourself, the lender and your employer where your employer pays the monthly payment on your behalf from the pre-taxed salary (conditions apply).

Maintained or operating lease– this is where you can have all of the ongoing costs affiliated with running a car incorporated into the monthly payment for example registration, fuel, servicing etc.

Hire purchase– Not a facility that is used as often today but it is still available and you can claim the depreciation on the vehicle. It is the same as the above facilities as in it can be modified to suit your requirements, low doc lending may be available.

Frequently Asked Questions

What happens if I have bad credit?
We have lenders on our panel who deal specifically with bad credit applications. If we can't help you immediately, we will put together a plan to get you in the position to obtain finance.
What documents do you need?
We need to verify your identity and income so we will need your licence, medicare card and two most recent payslips. (we may require more but that is a start)
Can you help me if I'm unemployed?
Yes, we have helped clients who are solely on Centrelink benefits. If you are unsure if you would qualify, please get in touch and we will see what we can do.
I'm self -employed and have no financials. Can you help?
Yes we can, please contact us to talk through your situation.
I unsure of how much I can borrow?
Your borrowing power depends on many factors, we can help you determine how much you are able to borrow.
Can I get a loan with irregular income?
Banks assess applications on a case to case basis and will depend on things such as credit history, time in employment and equity/deposit ect.

Did We Answer Your Question?

If you are still wondering if we're the best people for the job, only way to find out is to have a chat with us.

This information provided by The Funding Factory under Australian Credit Licence 408202, Credit rep number 412577 is of a general nature and for information only. Nothing on this website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any of the products and services featured on this website, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances.

* The Funding Factory approved customers only. Terms, conditions, fees and charges apply. Deposit and weekly payments may vary depending on a number of factors, including the information you provide us and our assessment of your application. All applications are subject to lending and approval criteria.


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