Personal Car Loans
- FIXED RATES FROM 4.79%COMPARISON RATE 5.34%*
- most competitive rates, most affordable repayments - every time
- new, used and private sales accepted
- 1HR SAME DAY SETTLEMENT
Secured and Unsecured Personal Car Loans for Your Budget
A prestige luxury car or a zippy runaround. A strong-as-an-ox work ute. A reliable school shuttle. A look-at-me sports car. No matter what you aspire to drive, when it comes to Personal Car Loans we have it all covered and at the most competitive rates available.
Here at 360 Finance, we are all about easy, fast and competitive Car Loans. A pre approved Personal Car Loan puts you in control of the negotiations. You have the choice of secured and unsecured loans to make your purchase and flexible terms to suit your budget. These are just part of a great range of benefits that we can provide to help meet your individual requirements.
Personal Car Loans in a Nutshell
A car loan is, in a nutshell, an advance of funds to help you pay for the purchase of a car. When you purchase and pay for the car and pick up the key, you take ownership of the car. It is only once the contract is paid off that the finance provider passes title over to you. It is important to make sure you find the right finance provider that ticks all your boxes. Whether it is low rate, no fees or no early termination fee, 360 Finance have a financier for you.
Benefit with a 360 Finance Personal Car Loan
- Flexible car loan terms from 12-84 months
- Car Loan residuals from 10-60%
- Fixed payment schedule to suit your circumstances
- Most competitive loan rates
- No ongoing fees
- No upfront costs or out of pocket expenses
- Access to specialist help and information
- A range of loan types to suit your budget and situation
Personal Car Loan terms explained
Unsecured – you might think of this as a “personal loan”, where the loan provider gives you the loan without tying it to any security such as the car, your house, shares etc. It means the car’s ownership is in your name completely. Incidentally, these loans can be used for other purposes, so if you want to buy a flash new bike, music equipment etc, an Unsecured Personal Loan could be the answer. If you have a preference for an unsecured loan, ask the team at 360 Finance but beware a higher rate can sometimes be associated with an unsecured loan.
Secured – a secured loan means the loan provider takes your car or asset that you are purchasing as security. The financier will keep an ownership stake in the car until you pay it off. This is called an encumbrance and will be lodged with the national personal properties and securities register or also known as the PPSR. If you can’t pay the loan the asset is at risk of being liquidated by the loan provider, but the upside is a lower interest rate compared to an unsecured loan because of the lower risk to the bank of being out of pocket should you stop paying.
Term / Length of the loan – the term of the personal loan is the time you have to pay it off. We sometimes call it the life of the loan. Common car loan terms are anywhere between 3 years to 7 years. It is also possible that any loan term under 5 years can also have a residual payment to help keep payments low ( see balloon or residual payment ). 360 Finance works with a range of lenders who can offer you a loan term and structure that suits you.
The good communication and willingness to help, even out of office hours.
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Balloon or residual payment – when the end of your loan term comes, any amount left is called the balloon or residual payment. The benefit of the balloon payment is that it enables a level of flexibility when it comes to how much you pay each month/week/fortnight on your loan. Repayments can be made smaller by having a bigger balloon payment. If a small balloon payment is important to you, simply opt for a larger regular payment throughout the term. Talk to the team at 360 Finance about structuring the balloon payment that is right for you, prior to the commencement of your loan. The best part of paying your balloon payment is that the actual ownership of the car passes to you.
Why get a Personal Car Loan through 360 Finance?
When it comes to choice we are the only broker in Australia with access to specialist loan products and rates. We have over over 30 different lenders and specialist financiers with rates unmatched anywhere else. This means competitive rates and conditions make us truly the “Low Rate Specialists”. We also make it easy for you by matching your lifestyle, budget and needs to a Car Loan that is just right for you. We follow up, provide fast approval and a host of additional services such as calculators, insurance products and the ability to offer our unique car finder tender service to help you save money on your car purchase and because we are large enough to have buying power, but small enough to care, we promise to beat any written quote. On top of the most competitive rates and affordable fees for the market you can’t lose.
Start by calling 1300 361 360 or make a quick enquiry. Then prepare to buckle up and hit the road!