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Car Loan Launceston

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With access to 60+ lenders, we will personalise financial products and prioritise to meet your personal needs.

Car Finance Options

There’s no one-size-fits-all solution when it comes to financing a vehicle. The right product depends on how you’ll use the car, whether you’re purchasing personally or through a business, and your broader financial situation. Here are the main options we help clients access:

New Car Loans

Finance a brand-new vehicle through a secured car loan, with competitive rates and terms typically ranging from 1 to 7 years. New cars often attract lower interest rates than used vehicles due to reduced lender risk.

Used Car Loans

Finance is available for quality used vehicles, though lender criteria vary based on the vehicle’s age and condition. We know which lenders have the most flexible used car policies and can match you to the right one.

Chattel Mortgage (for ABN Holders)

If you use a vehicle primarily for business purposes and have an ABN, a chattel mortgage may be the most tax-effective choice. You own the vehicle from day one (unlike a lease), and you may be able to claim the GST, interest, and depreciation as business expenses. We work with sole traders, small business owners, and company directors across Sydney and Launceston who use this product regularly.

Finance Lease

Under a finance lease, the lender technically owns the vehicle during the loan term and you make regular payments to use it. At the end of the term, you can pay a residual amount to take ownership, refinance, or return the vehicle. Finance leases can suit businesses that prefer to keep assets off the balance sheet.

Novated Lease (Salary Sacrifice)

A novated lease allows employees to bundle the cost of a vehicle (including running costs like fuel, insurance, and servicing) into pre-tax salary, reducing taxable income. It’s a popular arrangement for employees whose employers offer salary packaging. We can help you understand whether a novated lease stacks up for your situation.

Refinancing an Existing Car Loan

Already have a car loan that feels expensive? Refinancing could lower your rate, reduce your repayments, or both. We’ll compare your current loan against the market and tell you honestly whether switching is worth it.

Why Use a Broker for Car Finance?

Most people go straight to the dealership for finance – but that often means accepting whatever product the dealer’s preferred lender offers, which may not be the most competitive rate available to you.

• Access to multiple lenders, not just dealer finance. We work with a broad panel of car finance lenders, including banks, credit unions, and specialist auto lenders. That means genuine comparison rather than a single take-it-or-leave-it offer.
• Competitive rates from day one. Dealer finance often carries a higher rate because the dealership earns a margin on the product. Our job is to find you a rate that reflects your actual credit profile and the market.
• Independent, unbiased comparison. We have no incentive to steer you toward a particular lender. Our recommendation is based on what suits your needs – the loan term, repayment structure, fees, and total cost – not what pays the highest commission.
• Can be bundled with a home loan review. If you already have a mortgage or are in the process of buying property, we can look at your car finance and home loan together. Clients often find that consolidating or aligning their finance review saves them money across the board.

How Car Finance Works

Getting car finance through Lagos Financial is a simple, low-friction process.

Step 1: Free Complimentary Assessment

We start with a quick conversation to understand what you’re looking for – the vehicle type, purchase price, whether it’s for personal or business use, and your preferred loan term. Book online, by phone, or visit us in Bondi Junction or Launceston.

Step 2: Lender Comparison & Recommendation

We compare car loan products across our lender panel and present you with a clear recommendation that matches your profile. We’ll explain the rate, fees, loan structure, and total cost in plain language so you can make an informed decision.

Step 3: Application & Approval

Once you’re ready to proceed, we prepare and submit your application through our HAILO portal and manage the lender process through to approval. For straightforward applications, this can happen quickly – sometimes within 24–48 hours.

Step 4: Settlement & Vehicle Purchase

Once approved, funds are directed to the seller or dealership and you take delivery of your vehicle. We’ll confirm all the paperwork is in order and remain available if any questions come up after settlement.

Frequently Asked Questions

Can I get a car loan with bad credit?

It depends on the nature and history of your credit situation, but in many cases, yes. Some lenders on our panel specialise in borrowers with impaired credit histories, defaults, or previous bankruptcies. These loans typically carry higher rates to reflect the added risk, but they can be a genuine pathway to getting back on track. We’ll assess your situation honestly and tell you what’s realistic – without running multiple credit enquiries that could further impact your score.

What’s the difference between a car loan and a chattel mortgage?

A standard car loan is a personal finance product – you own the vehicle and repay the lender over time with interest. A chattel mortgage is a business finance product for ABN holders – the lender takes a mortgage over the vehicle as security, but you have ownership from the start and may be able to claim GST, interest, and depreciation as business expenses. The right choice depends on whether the vehicle is for personal or business use and how you want to manage the tax treatment.

How much deposit do I need for a car loan?

Many car loans are available with no deposit at all, particularly for new vehicles or borrowers with strong credit profiles. Having a deposit can lower your monthly repayments and reduce the total interest you pay, but it’s not always required. We’ll advise based on your situation and which lenders have the best terms for your profile.

Can I include on-road costs in my car loan?

Yes – most lenders allow you to include on-road costs such as stamp duty, registration, and dealer delivery charges in the loan amount, so you’re not required to pay these upfront from your own pocket. Some lenders will also allow insurance or extended warranties to be bundled into the loan. We’ll confirm what’s possible with your chosen lender before you commit.

How quickly can I get approved?

For a straightforward application with all documents ready, conditional approval can often be obtained within 24–48 hours. More complex applications (such as those for business finance or applicants with non-standard income) may take a few days longer. If you need finance quickly for a private sale or time-sensitive purchase, let us know upfront and we’ll prioritise accordingly.

Ready to Finance Your Next Vehicle?

Whether you’re buying a new car, a used vehicle, or reviewing your existing car loan, we’re here to help you find the most competitive option. Our service is free for car finance clients – lenders pay us, not you.

Book a Complimentary Assessment