We listen, we care
Car Loans
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intellichoice
Why Use a Broker for a Car Loan?
Sure, auto dealers can offer car loans when you’re ready to buy, but their options may not be the best fit for you. Financing through a broker gives you access to dozens of lenders with a variety of loan packages that are tailored to your needs.
Good Credit or Bad Credit
No matter what your credit profile is, you can qualify for a car loan. We work with you regardless of your good, fair, bad or no credit history and connect you with reputable lenders who can get you on the road in no time. As an added benefit if you have bad credit, repaying a car loan is a good way to improve your credit rating.We have access to more than 34 lenders, which gives you a wider range of options than you can get through auto dealers. By getting to know your circumstances and financial needs straightaway, we quickly find the best deal and guide you through the approval process.
Do you know how much you can afford?
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intellichoice
How Can I Get a Car Loan?
Getting a car loan starts with the price of the vehicle and the amount you use as a down payment. You also have choices for variable, fixed, secured and unsecured loans, as well as new car and used car loans. Don’t let the choices overwhelm you; once you find the vehicle you’re after, we’ll take you through which loan works best for your situation.
Read to get started?
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intellichoice
A Brief Overview of Car Loan Types
We source all of the following loans, so get in touch to talk through the options that work best for your budget, credit and vehicle.
- Variable: with this loan, your interest rates fluctuate. Your repayments may increase or decrease depending on the interest rate at the time. Benefit: take advantage of low interest rates when they’re available. Detractor: it can be hard to budget the repayments as they may vary from month to month.
- Fixed: with this loan, the interest rate is fixed for the term of the loan and your repayments will stay the same. Benefit: it’s easy to budget the loan repayments into your monthly expenses. Detractor: fixed rates tend to be higher than variable rates.
- Secured: with a secured loan, the vehicle is used as security against the loan. Benefit: you typically get lower interest rates. Detractor: if you default on your repayments, the lender repossesses your vehicle to recoup the amount of the loan.
- Unsecured: rather than using the vehicle as collateral, with this loan you need to prove that you can financially make the repayments. Benefit: you don’t have to use any collateral to secure the loan. Detractor: if you have bad credit, you may not qualify for this option.
- New car loan: this is a personal loan that usually includes conditions about the age of the new car you wish to purchase. Benefit: interest rates for new cars are typically lower than those for used cars. Detractor: the value of a new car is greater than a used car and typically takes longer to repay.
- Used car loan: this is a personal loan to specifically purchase a used car, and there may be restrictions on the age of the car to be eligible. Benefit: total amount of the loan is lower than that of a new car. Detractor: interest rates tend to be higher for used cars.
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WE ARE TRUSTWORTHY
Why Partner with Intellichoice?
Whether new or used, personal or business, first car or fifth, we provide a wider range of options than you think are possible.
- Options for good or bad credit. We have access to lenders who specialise in credit histories of all sorts.
- Get the best rates. With access to more than 50 lenders, we source the best loan package for your specific needs.
- Fast and simple. We guide you through the loan options and create a straightforward experience.
- Work with a responsive team. We partner with you from start to finish and stay in touch every step of the way.
Interested in getting a car loan?