Get Your Quote
Car Finance

Get Finance: Car

At Country Finance, our primary goal is to streamline the process of financing your next car purchase, ensuring it remains an exciting and enjoyable experience.

Whether you are eyeing a new vehicle, a used car, a private sale, or a dealership purchase, we have all your financial needs covered. Boasting over 40 years of collective experience in the finance industry, our team of expert finance consultants is committed to providing top-notch service. We go above and beyond by meticulously examining the vehicle's history to verify the absence of any undisclosed outstanding finance or prior write-offs and repairs. Additionally, we diligently confirm the vendor's identity to guarantee they are the rightful owner of the vehicle. Trust Country Finance to make your car buying journey smooth and secure.

Consumer

Consumer Car Loan: A Consumer car loan is a popular financing option for individuals looking to purchase a vehicle primarily for personal use, rather than for business purposes exceeding 50%. These loans can be used to buy both new and used vehicles, whether from a licensed dealership or a private seller. Consumer loan terms typically range from 2 years to 7 years, giving borrowers flexibility in choosing a repayment period that suits their financial situation and preferences. By taking out a consumer loan, individuals can spread the cost of their vehicle purchase over time, making it more affordable and manageable.

Secured: A secured car loan is a type of loan where the vehicle itself serves as collateral for the borrowed amount.

Unsecured: An unsecured loan, also known as a personal loan, is a type of loan where the borrower does not need to provide any collateral or security against the borrowed funds.

Commercial Car Loans

A Commercial Car Loan is a type of financing specifically designed for Australian Business Number (ABN) holders who intend to use the vehicle for business purposes for over 50% of the time. This loan option is known as a Secured Car Loan, meaning that the finance company will use the asset itself as collateral against the loan.

Low Doc Chattel Mortgage: A chattel mortgage is a popular type of commercial car loan that offers several advantages for businesses. One key benefit is the availability of low documentation options, allowing certain Australian Business Number (ABN) holders to secure financing without needing to provide extensive tax returns or company financial statements. This streamlined process can make it easier and faster for business owners to obtain the funds they need to purchase vehicles for their operations.

Moreover, opting for a chattel mortgage can also lead to ongoing tax benefits for businesses. By choosing this type of financing, borrowers may be eligible for tax deductions on interest payments and depreciation of the asset, which can help reduce their overall tax liability. These tax advantages can make chattel mortgages an attractive option for businesses looking to finance their commercial assets while maximizing tax efficiency.

Novated Lease: A Novated Lease Agreement is a type of car financing arrangement that involves three parties, an employer, an employee and a finance company. In this arrangement the employer takes on the responsibility of making the lease payments for the employee’s vehicle. The lease payments are deducted from the employee’s pre-tax salary, which is known as salary sacrificing.  The lease is ‘novated’ or transferred to the employee, meaning the employee gains full use and responsibility for the vehicle.

It is important to note that if the employee leaves their job, they will be responsible for the lease payments.

Car Loans Refinance

Car Loan Refinance: Consumer car loan refinance can offer significant benefits to individuals seeking to improve their financial situation or reduce their monthly expenses. At Country Finance, we understand the importance of finding the right finance options to suit your needs. One key advantage of refinancing is the opportunity to secure a lower interest rate compared to your current loan. This could result in substantial savings over the life of the loan, especially if you initially signed a contract at a higher rate due to time constraints or limited options.

Another scenario where car loan refinancing can be advantageous is if there has been a change in your financial circumstances, necessitating a reduction in your monthly repayments to align with your budget. By extending the loan term, you can lower your monthly payments, providing you with more financial flexibility and breathing room. While it's essential to consider that refinancing may lead to paying more interest over time, it can be a preferable option to missed payments or potential repossession, which can have long-term consequences on your creditworthiness. Country Finance considers factors such as application fees, early exit fees, and the overall cost of refinancing to ensure it aligns with your financial goals and circumstances.

Example 1: Applicant has taken out a 5 year for loan for $30,000 to purchase a vehicle 3 years ago with repayments of $650 per month with 2 years remaining, and a balance of $14,201.

If this was refinanced over an 84-month Loan term the repayments would reduce to approximately $248.80 per month, freeing up around $401.20 per month in cashflow.

Example 2: Applicant has taken out a 5-year loan for $60,000 to purchase a vehicle 3 years ago with repayments of $1,300 per month with 2 years remaining, and a balance of $28,402.

If this was refinanced over an 84-month Loan term the repayments would reduce to approximately $492.60 per month, freeing up around $807.40 per month in cashflow.

In the examples provided, applicants can see a significant reduction in their monthly repayments by refinancing their car loans over a longer term. This can result in freeing up additional cash flow that can be allocated to other essential expenses or savings. Ultimately, the decision to refinance should be based on a thorough assessment of your current loan terms, financial situation, and long-term objectives. Country Finance is committed to assisting you in exploring the best refinancing options tailored to your needs, ensuring a more manageable and sustainable financial future.

*The above examples are calculated at 8.9% are for illustrative purposes only and are subject to final approval.

Bad Credit Car Loans

When it comes to securing a car loan with bad credit, Country Finance offers multiple solutions through their extensive network of lenders. While having a history of credit challenges may affect the available options, Country Finance evaluates each case individually to explore suitable opportunities.

Custom 4X4 Builds

Country Finance offers specialized finance options for custom 4x4 builds, catering to the growing desire of adventure enthusiasts looking to explore Australia. Whether you're dreaming of packing it all in for the adventure of a lifetime or embarking on a thrilling road trip, Country Finance has you covered with tailored Vehicle and Caravan Finance solutions.

With a focus on flexibility and convenience, Country Finance provides options that can cover not only the vehicle but also accessories such as GVM Upgrades, Canopies, Lift Kits, Boat Loaders, and dual battery systems. These accessories, while enhancing your off-road experience, can quickly add up in cost. Fortunately, Country Finance offers personal loans of up to $100,000.00 with Vehicle Secured options or up to $50,000.00 Unsecured, giving you the financial freedom to customize your current 4x4 to suit your travel needs and preferences.

Whether you're a seasoned traveler looking to upgrade your existing setup or a newbie gearing up for your first adventure, Country Finance's range of finance options can help make your dream of exploring the vast Australian landscapes a reality. Contact Country Finance today to discuss how they can assist you in achieving your ultimate 4x4 adventure goals.

Go to top