Types of Car Finance
Secured Car Loans
The most common option for everyday Australians. A secured loan typically means lower interest rates and flexible terms.
Personal Loans
Used when the vehicle doesn’t qualify for secured lending, or when you’re purchasing privately.
Business Car Finance
Includes:
- Chattel mortgage
- Commercial hire purchase
- Finance lease
These options may offer taxation benefits for ABN holders.
Common Mistakes Buyers Make
- Relying on dealership finance without comparing rates
- Not having pre-approval
- Not understanding balloon payments
- Ignoring fees and residual structures
- Choosing the wrong loan type for tax or business use
How Hanna Lending Services Helps
We compare lenders across Australia to help clients secure:
- Better interest rates
- Faster approvals
- Loans structured for their unique goals
- Options for low-doc and self-employed borrowers
Should You Consider a Balloon Payment?
Balloon payments can reduce monthly repayments but must be structured carefully. We break it all down for you and recommend the most cost-effective setup.
Need help with your car loan? Apply online with Hanna Lending today.
