Car Finance in Australia: What to Know Before You Buy in 2025

1. Compare, Don’t Commit

Dealer finance can look tempting but often comes with hidden costs. A finance broker can compare dozens of lenders across Australia to find a lower rate and more flexible structure.

2. Know Your Options

There’s more than one way to get behind the wheel:

• Secured car loans – lower rates, backed by the vehicle
• Chattel mortgages – great for business or ABN holders
• Personal loans – flexibility for private sales or older vehicles

3. Check Your Credit Health

Before applying, review your credit score and avoid multiple hard enquiries in a short time. A broker can guide you through this without damaging your record.

4. Ask the Right Questions

• What are the fees beyond the interest rate?
• Is there a balloon or residual payment?
• Can you make extra repayments without penalty?

At Hanna Lending Services, we’re here to simplify the process and make sure your car finance fits your lifestyle, not the other way around. Contact us today to learn more.