Unsecured Car Loan
- MOST COMPETITIVE FIXED RATES FROM 4.85%COMPARISON RATE 5.72%*
- 1 to 7 year loan options available
- new, used and private sales - ok
- flexibility to purchase older vehicles - ok
Unsecured Car Loans with Greater Flexibility
Do you have some cash and just want a loan for a portion of the price of your car? Wanting the freedom to sell the car down the track without impacting your finance? An Unsecured Loan means your car isn’t chained to the loan.
Unsecured Car Loans for you
A car loan is an advance of funds from a finance provider and when it is unsecured, it in effect is a Personal Loan. When you purchase the car you take ownership of the car and the finance provider does not take an interest in the car. If you default on the loan repayments, the finance company can not repossess the car, because of this rates are usually higher than a secured car loan and once you pay for the car you can automatically pass title to yourself.
Here at 360 Finance, we are all about easy, fast and convenient finance arrangements. An Unsecured Car Loan offers the following benefits that may be suitable for you.
Benefit with a 360 Finance Unsecured Car Loan
- Flexible car loan terms from 12-84 months
- Car Loan residuals from 10-60%
- Fixed payment schedule to suit your budget and pay dates
- Low loan fees
- No termination fees.
- Ability to buy any age of vehicle
- A range of finance arrangements to suit your needs
- The flexibility to use some of your own cash towards the purchase if you want
- Loans can be variable to capitalise on falling interest rates.
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.
Unsecured Car Loan terms explained
Unsecured – basically your car is not secured to the loan in any way. It is a “personal loan”, where the loan provider gives you the loan without the security of a car or another asset of yours. The car’s ownership is in your name completely. Incidentally, these loans can be used for many other purposes, so if you want to buy a flash new bike, music equipment, holiday etc. an unsecured personal loan could be the answer for you. If you have a preference for an unsecured 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 more affordable. 360 Finance works with a range of lenders who can offer you a term that will suit you.
Balloon or residual payment – Do not generally apply to these types of loans.
Start by calling 1300 361 360 or make a quick enquiry. You’ll be happy you did as you drive away in an unencumbered car!