Secured Car Loan
- MOST COMPETITIVE FIXED RATES FROM 4.4%COMPARISON RATE 5.25%*
- most competitive rates and repayments in the market
- no deposit required
- SAME DAY SETTLEMENTS
Secured Car Loans at Competitive Rates & Repayments
Are you looking for a low rate car loan? Wanting to own your own car but worried about your budget? Our Secured Car Loans offer you the most the competitive rates and repayments in the market today! With exposure to specialised loan products we always have a loan to suit any budget or requirement. It works by using the car as security and by approaching the lender that best fits your lending profile. The lender may be a niche player in your market and by you offering the car as security, their risk is lowered and therefore they can afford to offer you a better interest rate than another bank.
Secured Car Loans in a Nutshell
A car loan is an advance of funds with the sole purpose of purchasing of a car. When it comes to a Secured Car Loan, the funds are provided specifically for the purchase of a car and can’t be used for any other purchase (that would be a unsecured loan which 360 can help with too).
When you purchase the car and pick up the key, you take ownership of the car, but your finance provider takes an interest in the car. If you default on the loan repayments, the finance company may repossess the car to recover any outlay of costs.
Once the contract is paid off, the finance provider passes title you.
Here at 360, we are all about easy, fast and convenient Personal Car Loans. A Secured Car Loan offers the following benefits.
Benefit with a 360 Finance Secured Car Loan
- Most competitive interest rate in the market
- Flexible and fixed rate car loan terms from 1 year to 7 years
- Secured Car Loan residuals from 10-60%
- Fixed payments to suit your budget and pay dates
- Low monthly repayments
- Loans with NO fees
- Hands on personalised service giving you access to specialist financial help and information
- The flexibility to use some of your own cash towards the purchase
The fact that we were NOT treated like ‘just a number’, we were treated like normal people and treated with courtesy, manners and respect. We were completely happy with our experience. We will definitely be back and will recommend 360 Finance to anyone.
Secured Car Loan terms explained
Secured – basically your car is collateral for the lender. In this case, the loan provider gives you the loan based on the fact that you have a car as security. If you have a preference for a secured loan, ask the team at 360 Finance.
Term / Length of the loan – the life of the loan or the time you have to pay it off. Choose a shorter or longer term to make your repayments fit your cash flow and budget. 360 Finance works with a range of lenders who can offer you a loan term and the flexibility that suits you.
Balloon or residual payment – that lovely last payment after you have been paying off your regularly scheduled payments. Even though it is usually bigger than the regular payments, you’ll be happy to pay it at the end of the loan! You can use a balloon to reduce monthly repayments.
Why get a Secured Car Loan through 360 Finance?
When it comes to choice, we can offer you a vast array of finance options as we have direct access to over 20 different lenders. You can expect competitive rates and leading market conditions every time. We make it easy for you by matching your lifestyle, budget and needs to a Personal Car Loan that is just right for you. We follow up, provide fast approvals and have a host of additional services from insurance to a car finder service to offer you the biggest fleet discounting on your purchase possible. And because we are big enough to have buying power, but small enough to care, we promise to beat any written quote you might already have.
Start now by calling 1300 361 360 or make a quick enquiry. When you hear your engine roar to life, you’ll be glad you did.