MFAA Member · ACL 389328 · Same-Day Approvals

Car Loan — Car loans, Australia-wide.

Personal or business. New or used. We know which lender wants which kind of car and structure the right finance — personal loan, chattel mortgage, or novated lease — for your tax position and use case.

24-48h
Most approvals
30+
Asset lenders on panel
1-7 yrs
Loan terms available
Private
Or dealer, new or used

Structure options

Personal or business — match the structure to your tax position.

Personal car loan

Personal use

Standard secured car loan. Repaid over 3-7 years. The most straightforward of the three structures.

  • Personal use
  • Approval often within 24 hours
  • No tax-deductibility
Suited to: Family or personal-use vehicle

Chattel mortgage

Business / ABN

You own the asset from day one. Loan repaid over the term. Interest + depreciation tax-deductible against business income. Balloon optional.

  • ABN required
  • Tax-deductible
  • Balloon at end optional
Suited to: ABN holders with business use of vehicle

Novated lease

Salary-packaged

Pre-tax salary packaging through your employer. Asset financed by lender, leased by employer, repaid through your salary. Includes running costs.

  • Employer must offer
  • Pre-tax + GST savings
  • Running costs included
Suited to: Salary earner in 30%+ tax bracket with employer scheme
01

Same-day decisions on most files.

We submit to lenders who specialise in asset finance. Most approvals come back within 24 hours — often same-day.

02

Three structures compared every time.

Personal loan vs chattel mortgage vs novated lease — different tax outcomes, different repayment structures, different fees. We compare all three before recommending.

03

No broker fee.

We're paid by the lender on settlement, not by you. Recommendations follow your situation, not the commission.

From first call to settlement

Easier than you'd think.

1

Send asset details

Make, model, est. price, est. trade-in, personal or ABN, target settlement date.

2

We compare 15+ lenders + 3 structures

Different lenders + structures for different files. We shortlist + recommend.

3

Submit + decide

Most approvals 24h. We coordinate dealer or private-seller settlement.

4

Settle + drive

Funds transfer to seller. You take delivery. Done.

Car & asset finance library

Browse car and asset finance guides

Browse our 2asset finance guides, grouped by topic and written in plain English. The full searchable library lives in The Lab.

car loaneligibilitydocuments

Car and asset finance

2 guides

Eligibility, documents and what lenders look for.

View all 2asset finance guides in The Lab →

Frequently asked questions.

How long does a car loan approval take?

Most files approved within 24 hours from a complete application. Some lenders return decisions in minutes via automated decision platforms. Personal-use loans are typically decided soonest; chattel mortgages with ABN require slightly more documentation.

Should I get a personal car loan or a chattel mortgage?

Depends on whether you have an ABN with genuine business use of the vehicle. Chattel mortgages let you claim interest and depreciation against business income — but only if the use is genuinely for business. Personal loans don't have tax benefits but are faster to approve and have no ABN requirement.

What is a novated lease?

A salary-packaged car arrangement through your employer. The lender finances the car, your employer leases it (with running costs bundled in), and the repayments come out of your pre-tax salary. Tax-effective if your employer offers it and you're in the 30%+ marginal tax bracket. The car returns to the lessor at end of term unless you buy it out.

Can I finance a used car?

Yes — most lenders finance used cars up to 10 years old at settlement, sometimes older. Rate is typically slightly higher than new-car rates. Some lenders cap the maximum age the car can reach during the loan term (often 12-15 years), so longer terms on older cars may be restricted.

Can I refinance my existing car loan?

Yes — particularly if your existing rate is high or you took the loan through a dealer. Car-loan refinance is straightforward and can reduce the interest paid over the remaining term. We compare your current rate against the live market.

Prefer to talk?

Call us
directly.

Mon–Fri 9am–5pm. Real broker, real conversation, no call-centre.

08 8121 3076

Or start online

Send your
profile.

2 minutes. We'll review and call you within 1 business day.