.png)
What is Car Finance in Australia?
In simple terms, car finance is when you borrow money to buy a car and then pay it back over time (usually with interest). Instead of paying the full price upfront, you make manageable repayments while enjoying your new ride.
The most common types of car finance in Australia include:
- Secured Car Loan: The car itself is used as security for the loan. If you stop making payments, the lender can reclaim the car. The good news? These usually have lower interest rates.
- Unsecured Loan: No security attached, which can mean higher interest rates.
- Dealer Finance: Finance offered directly by the dealership. It can be convenient, but always compare rates and terms — sometimes there are better deals elsewhere!
Why Use a Car Loan Broker Instead of Going Straight to the Bank or Dealer?
You can go directly to a bank or car dealer, but here’s the catch:
- They’ll only offer their loan products, which might not be the most competitive.
When you work with a car finance broker (like us):
- We compare loans from a range of lenders
- We ask the right questions to find the best option for you
- We explain everything in simple, easy-to-understand terms
- We handle the paperwork so you don’t have to
This means you get a better deal without the hassle of shopping around yourself.
Pro Tip: Know Your Budget First
Before you fall in love with that shiny new SUV or zippy hatchback, get a clear idea of what you can afford.
A good broker can also help you work out how much you can borrow — without impacting your credit score.
Whether you’re upgrading the family car, buying your first vehicle, or finally getting that weekend cruiser, Hanna Lending is here to help.
We’ll make the process simple, transparent, and tailored to you. No confusing jargon. No pressure. Just honest advice and support from start to finish.
If you’ve got questions (or you’re just curious what’s possible), reach out anytime — we’re always happy to chat apply now: www.hannalendingservices.com.au/get-my-quote
