Car Loans & Vehicle Loans

A car loan can be used to purchase any new or used motorised vehicle. We offer heaps of auto financing options without any rules against the age of the vehicle you want to buy.

A secured car loan from Handy Finance means that the vehicle you buy is used as a guarantee for the loan. This usually means you get lower interest rates, making our loans more appealing and affordable. Plus, having an asset as security often means you’ll have a smoother loan approval process.

With a secured car loan from Handy Finance, the vehicle you buy acts as security for the loan. This can mean a lower interest rate for your loan and a more straightforward approval process. An unsecured car loan doesn’t use any asset as a guarantee, which can result in higher rates. We only offer secured car loans at Handy Finance.

Yes, Car Loans are designed to help you buy a new or used car. We offer a wide range of car financing options to suit your needs, whether you’re looking for something brand new or a pre-loved vehicle.

Getting a car loan with Handy Finance makes the car purchasing journey simple. It means you can spread the cost of your new vehicle over a year-long (or longer) period instead of one big purchase. Other benefits include lower upfront expenses and more choice in car models, and it can even help improve your credit score if you pay on time.

At Handy Finance, we offer secured car loans with fixed rates, perfect for buying both new and used cars of any age. Our car loans can last from 1 to 7 years, with flexible repayment options of weekly, fortnightly, or monthly to make sure you find the right loan solution for your new car.

The eligibility for our Handy Finance Car Loans aligns with that of our personal loans, ensuring a consistent and straightforward evaluation process. This includes:

– Be 18 years of age or older.

– Be a citizen or permanent resident of Australia.

– No outstanding or unpaid defaults.

– Have no history of bankruptcy, nor be party to a court judgment.

– Not be in hardship with a different financial provider.

– Have a regular income via active employment or a pension.

You won’t have to wait long with Handy Finance’s loan approval process. After you submit your car loan application, you can get your results in minutes. If your application is approved, our team can settle the funds in your account within 24 hours so you can quickly move on to buying your car.

After your Handy Finance Car Loan is approved, we work fast to make sure the money is in your account within 24 hours of approval to help get you on the road in your new vehicle as soon as possible.

Your credit score is a big part of the evaluation process of your car loan application at Handy Finance. It’ll decide the approval process and the terms of your loan. Our car loan calculator is a great tool to see what your loan details and repayments might look like with your current credit score.

Yes, you can apply for a Handy Finance Car Loan before you visit a car dealership. This pre-approval process will let you know exactly how much you can borrow for your new car so you know how much you can spend. This helps make the process of buying a car simple since – you’ll have your budget set before you speak with a dealer.

Traditional bank lenders tend to have higher operating costs, resulting in higher rates. Handy Finance keeps rates low by keeping operating costs down and remaining focused on our mission – allowing people to live life to the fullest.

Fixed-rate loans are completely transparent from day one – because the rate doesn’t change, you know exactly how much you will be repaying and how often for the entirety of your loan.

We offer fixed interest rates on our Handy Finance Car Loans to make sure there are no surprises when paying your repayments.

To understand how interest works on a Handy Finance Car Loan, think of it as part of what you pay back in addition to the borrowed amount (the principal). The interest is calculated on the remaining loan balance, either daily or monthly, and gets added to your regular repayments.

For a quick and easy way to see what your repayments and the total cost of the loan might be, use our Loan Calculator at Handy Finance. Just input your loan details, and away you go. Remember, the interest rate and repayment amount shown are just estimates based on the details you put in. The actual rate and repayment amounts you receive may change slightly from this calculation, depending on your situation.

With Handy Finance, you can repay for up to seven years. Repayments are made weekly, fortnightly or monthly.

Repayments on Handy Finance loans can be made weekly, fortnightly or monthly. You must use direct debit for all scheduled repayments. To make repayments ahead of schedule, log into your borrower dashboard and do so using BPAY.

If financial hardship is making repayments difficult to meet, please contact the Handy Finance team at 1300 990 115 or [email protected]

Car Loans from Handy Finance range between $2,001 and $100,000, depending on how much you need, your income and your credit rating.

At Handy Finance, we want to make reaching your financial needs as simple as possible. So, you won’t be charged any extra fees for making extra payments on your Handy Finance Car Loan.

To avoid late fees on your Handy Finance Car Loan, just make sure to pay on time in your payment schedule. If you think you might be late with a payment, let us know as soon as possible. We’re here to help and can work with you to find a solution.

When you apply for a car loan with us, we look at things like how much you earn, your credit score, and your regular expenses. This helps us work out how much you can comfortably borrow for your car, making sure it fits well with your finances.

Yes, at Handy Finance, you can refinance your car loan. This means you can adjust your loan to better suit your current financial needs, like getting a lower interest rate or changing your loan term. Refinancing can make your car loan more affordable as your financial situation changes.

Yes, you can get pre-approved for a car loan at Handy Finance. It means we check and give you an idea of how much you can borrow before you go car shopping. This makes choosing a car easier and quicker since you’ll have a good idea of your budget.

Besides the cost of your car loan, you’ll also need to pay for things like insurance, registration, maintenance, and fuel. These added costs of car ownership should be considered in your budgeting to make sure you know exactly how much it’ll cost.

The luxury car tax is an extra tax you pay when buying a car worth more than a certain amount. It’s something to keep in mind if you’re thinking about buying a high-end, expensive car. This tax is added to the price of luxury cars to balance the cost of these high-value vehicles in the market.

If you find you can’t make a payment on your car loan, it’s important to understand the impacts and the steps you can take. If you miss a payment, a direct debit dishonour fee of $25 is charged. If your loan account falls behind, you’ll have to pay a late payment fee of $35, which will happen weekly until all repayments are paid and up to date.

If you’re facing difficulties with your repayments, please contact us as soon as possible at [email protected]. Our team is committed to working with you to find the right solution for you throughout challenging times.

Car loans make vehicle ownership simple, but like every loan, you’ll need to commit to regular repayments and interest, which you should consider carefully before making any final decisions.

Pros:

• Get a car straight away, whether it’s new or used.
• Flexible repayment options to fit your budget.
• Fixed interest rates mean no surprises with your repayments.
• Improve your credit score by making payments on time.

Cons:

• You need to be committed to making regular repayments.
• There’s interest to pay, which adds to the total cost over time.