Car & Ute Finance
Own Your New Car
Car Finance With Professional Brokers
Car loans allow a potential buyer to pay for the vehicle they are interested in monthly payments rather than paying for it all at once. This means that the lender pays the seller of the vehicle the full payment for the vehicle, while the borrower pays the debt via monthly payments together with an agreed interest fee.
Most car loans follow similar procedures and rules that apply to other loans but relate to motor vehicles. In majority of the cases when a car is bought, the borrower will usually apply for a car loan. However, there are times where a consumer will use a personal loan for the same reason.
All car loans have different lengths of time but generally, last between 24 and 84 months. Generally, car loans can incorporate or include stamp duty and fees associated with buying a car. Lucky for you we can help you with all of the above at Loans 123.
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When deciding whether you should get a car loan or not, it is important that you first calculate what your expenses and household income are. You need to ensure that the loan is easily affordable for you. It is also important to consider the additional expenses that come with a new vehicle such as running costs, insurance, maintenance and registration.
Apply for finance for the vehicle you want online fast.
Free Vehicle Services
Ask your broker about all the free services we offer such as a free car finder.
Specialist Broker Team
We have a dedicated team of brokers for your assistance.
We’ve Made Vehicle Financing Easier for YOU!
Cars & Utes/Motorbike Loans
These loans allow you to take ownership of the vehicle or motorbike from day 1. The borrower then makes monthly payments rather than paying for the purchase in full. This means that the lender will pay the owner of the vehicle being purchased, while the borrower pays off their loan via monthly payments together with an agreed interest fee.
When deciding whether you should get a car loan or not, it is important that you first calculate what your expenses and household income are. It’s not ideal to sign for a new loan if your monthly budget doesn’t match. Furthermore, it is also important to consider the additional expenses that come with a new vehicle such as for gas, taxes, maintenance and registration.
Your Car Loan is Ready
See how we’ve made the process of applying for a loan online easier. See our online Loan Calculator for guide to repayments, and then apply today!
With affordable payment terms and our streamlined application, getting a loan with Loans 123 is as easy as one two three.
Call us on 1800 100 100 or apply online to start determining your financing options and discussing your loan.
Frequently Asked Questions
How old must I be to apply for a loan?
You must be at least 18 years old to apply for a loan.
Can I get pre-approval on a loan application?
Yes, if you receive pre-approval on your loan it is valid for 30 days.
What credit score do you need to have to buy a car? You need to have a medium to excellent credit score. This is a vague answer so please contact us to speak more about your individual situation.
How much will my monthly repayments be?
Each loan application will have different inputs from the applicant making it unique to that applicant. We can’t give you a universal amount but if you enter your details as realistic as possible our brokers can assist you with your custom application loan repayment amount.
Keep in mind that settling your monthly payments in a car loan is critical. Failing to meet these payments and you might be faced with a lender who will repossess your vehicle. Aside from that, any of the payments you miss will also be reported to the credit bureaus and your score as a borrower will drop.
Do I need to have a deposit ready when I'm applying?
Often no. A deposit may be required depending on previous credit history or the value of the goods being financed.
How long are your repayment options?
All loans have different lengths of time but generally, last between 24 and 84 months.
What is a credit rating?
Banks and other financiers will use a credit score to help determine whether they will lend you money. Your credit score is partly determined by your stability (how long you have been at your address and employment). Defaults, court writs and summons also have a negative impact on your rating. The number of enquiries you make will also impact your credit score. The more enquiries over 12 month period can lower your score.
Loans 123’s Perth Financing
We have a large range of car loans available that should suit most people’s needs.
Start crafting your loan online today, no appointments needed.
We use competitive interest rates for your user or new car loan to make your loans better.
Loans 123 - Australian Credit Licence 512846
ABN 51 626143333
All applications are subject to credit approval criteria. Fees, charges, terms and conditions apply.