Car Loans
Avoid the speed bumps and let our brokers find the car loan right for you, and your new ride.
The loan process.
From saying hello, to new seat covers, six steps is all it takes for you to get on the road.
List of Services
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1. Say hello
Get in touch to discuss your current financial situation and goals, in person or online.
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2. The shortlistList Item 2
We’ll compare a long list of loan providers and create a shortlist that’s sure to suit you.
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3. The greenlight
Once you’ve chosen a lender, we'll get you pre-approved so you know your borrowing capacity.
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4. Tinted window shoppingList Item 4
With pre-approval under your belt, you can finally start looking for your new ride. To take the hassle out of the hunt, we can also set you up with simple to use car buying services.
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5. Secure the finance
Once you’ve given your new ride a test drive and have decided on your new set of wheels, we’ll work to secure finance from your lender.
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6. Drive away
Now, all you need to do is make an offer. If all is well and good, simply pick up the key and drive away (into the sunset, of course).
Understanding loan types and features.
There are a number of different loan types and features available to you, learn more below. We are here to help answer your questions when you’re ready.
Secured loans
You provide collateral [such as the car or property] as security against the loan in case you can't afford your repayments.
Lenders typically offer lower rates for secured loans [vs an unsecured loan] because there is less of a risk to them.
Unsecured loans
No additional security [e.g. your car or property] is provided against the loan. Instead the lender will rely on your credit score when they decide whether or not to approve you for the loan.
Interest rates can be higher than a secured loan and you might not be able to borrow as much.
Fixed rate
Your interest rate and repayments will stay the same during the fixed term of your car loan.
Other things to
consider: Balloon
payments.
List of Services
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What?List Item 1
You choose to pay a larger sum of the loan value at the end of the loan term. The sum you pay is usually based on a fixed percentage of the total loan value.
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Why?List Item 2
Reduce your repayments when you first start paying off the loan.
Consider how this will affect the amount of interest you pay over the life of the loan and the total amount that is left to pay at the end of your monthly repayment term. The remaining sum will need to be paid in full in one lump sum.
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How do I know if this is right for me?List Item 3
We can help you understand whether this approach suits your needs and run through the considerations and benefits in more detail. Get in touch.
Calculators.
Use these calculators to help you understand your borrowing power, calculate how much stamp duty you might need to pay and determine your repayments.
How much are my car loan repayments?
Find out how much your car loan repayments will be, and the total interest charged for the car loan.
FAQs about
car finance.
Ask us a question. We're here to help!
Home Loans
Other Loans
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Calculators & Tools
We're here to help. Contact us | Call 1300 33 00 30
Lilem Pty Ltd (t/as Logan Home Loans) ACN 648695505 is authorised under LMG Broker Services Pty Ltd Australian Credit Licence 517192.
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Terms and Conditions
The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
1There may be occasions where you may be charged a fee by your broker.
2Your broker is able to assess each lender's approval times and identify those that can provide approval quickly, however this is subject to change and can vary significantly based on how complex is your loan application and how quickly you’re able to provide the information we need.
3Not all lenders are available to all brokers. The exact details of the lenders your broker has access to is disclosed within the Credit Guide your broker gives to you when providing credit assistance or is available upon request.
4The way in which your broker will stay in touch with you will differ, however typically this will be via email. In addition you will be able to contact them for guidance as required. You are able to opt out of these communications at any stage.
**There may be occasions where you may be charged a fee by your broker.
