Aussie Car Finance
Car finance in Australia

Loans for personal and business cars.
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This months tip:
Check that you interest rate is effective and not flat. A flat rate of say 7% will equate roughly to 14% effective. Always check the total amount of interest to be charged on the contract.

Welcome to Australian Car Finance information. Owning a nice car can have its problems - one of the main difficulties owners face is having to obtain correct finance and to comfortably service loans for their cars.


When buying a vehicle, be aware that you may, at a certain time in the course of the loan that you may owe more than the car is worth to sell. This is sometimes called "negatine equity" - a fancy term for a position you DO NOT WANT TO BE IN.

Always be aware that you car is only worth less when you go to sell - perticularly to a dealer who has to take the finacial risks invloved with the reselling of the vehicle and of course they have to make money on the deal to survive in business.

Purchasing a Car:
If you haven’t found a car yet, you should consider getting pre-qualified (a lender will review your financial history before you find a car) or pre-approved (a lender will check your credit and provide you with a letter stating that you’ve been pre-approved for a certain amount). This gives you added confidence in the negotiating process as it is one less hurdle to clear and you know what you can afford.

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