Rates updated daily. Last check: today at 9.00am.
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The products
Six ways we finance a car.
Different vehicles, different buyers, different lenders. Each loan type has its own rate range and lender panel. We find the one that fits yours.
New car loan
A secured loan for vehicles under twelve months old. Lowest rates on the panel because the asset holds value well. Settles in days, not weeks.
Used car loan
Secured against the vehicle regardless of age. Great for demonstrators, ex-fleet, or a decent second-hand buy. Lender appetite varies sharply by age and kilometres.
Novated lease
Employer-funded vehicle finance that pays for the car from pre-tax salary. Genuinely tax-advantaged for most salary earners over $90K. We model whether it actually beats a standard loan for you.
Chattel mortgage
For ABN holders buying a vehicle for business use. You own the asset, claim the GST upfront, and depreciate it. Usually cheaper than a consumer car loan if you qualify.
Car loan refinance
If your current car loan is over 9% p.a., refinancing often drops the rate by two or three percentage points. We run the numbers before recommending it.
Private sale finance
Buying from a private seller is where most banks get nervous. A handful of our lenders handle it smoothly with an inspection report. We know which ones.
*Rates shown are current ranges across our lender panel and subject to credit approval, lender criteria, and the specific loan you qualify for. Actual rate depends on vehicle, term, deposit, credit profile, and employment. Comparison rates apply.
How it plays out
Four situations we see every week.
Real shapes of applications and the lenders that tend to win them. Your situation sits somewhere near one of these.
The new grad, first car
Earning $72K PAYG, six months in job, $35K budget for a low-k used hatchback. No credit history.
Pepper Money or Plenti. Thin-file friendly lenders with rates around 8-10% given the short employment and clean credit. We push for 7-year term to keep the repayment manageable.
The dual income upgrade
Couple, combined $210K, trading in a 2016 SUV and topping up for a new family car around $75K.
Macquarie or Westpac. Strong application, competitive rate around 6.5-7%, 5-year term. Trade-in value negotiated directly with the dealer separate from the finance.
The ABN contractor
Sole trader electrician, ABN three years, buying a $65K work ute. Business use over 50%.
Chattel mortgage via Angle Finance or Metro. GST claim on purchase ($5,900 back), full depreciation schedule. Rates typically 7-8% but after-tax cost is noticeably lower than consumer.
The rate-check refinance
Existing car loan at 11.2% with a buy-here-pay-here dealer, 2 years remaining, balance $24K.
Refinance to a mainstream lender at around 7.5%. Saves roughly $1,800 in interest over the remaining term. We check early termination fees before recommending.
Our lender panel
Twenty-five lenders. One brief from you.
Each has their own appetite. Some love new cars and hate used, some the reverse. Some welcome private sales, some refuse them. We know who does what.
Panel accurate as of this month. Accreditation varies by broker; not every lender will apply to every loan. We disclose which lender we recommend and why, every time.
How it works
From enquiry to driving, in four steps.
Quick fit check
Twelve-minute call. Vehicle type, age, budget, employment. We flag any red flags (recent defaults, unusual employment, private sale) so nothing surprises us later.
We match the lender
Your profile goes against twenty-five lenders. Each has different appetite: some love demos, some hate private sales, some only do ABN. Right fit means fastest approval.
Rate negotiation
For stronger applicants we negotiate the advertised rate down. Lenders hold back margin for brokers to move. We use it for you, not against you.
Settle and drive
Most applications settle within 3-5 business days of full documentation. The dealer or private seller gets paid directly. You get the car.
Calculator
What will this cost each month?
Loan amount, term, and an estimated rate from our panel. Includes a realistic fees overlay so the number you see is the number you pay.
Questions we get asked
Honest answers, not sales pitches.
Does Cashtech charge a fee for car finance?
No. We are paid a commission by the lender when your loan settles. The rate you receive is the same or better than going direct because we negotiate it on volume. You pay nothing to us either way.
What credit score do I need?
For the best rates, 650+. For standard rates, 550+. Below 550 we can still help with specialist lenders (Pepper Money, Liberty, Plenti) but the rate will be higher to reflect risk. We tell you which bracket you fall into upfront.
Can I finance a private sale?
Yes. About a third of our lenders specifically welcome private sales. You will need a vehicle inspection report (we arrange it, around $150) and PPSR check (we run it, free). We avoid lenders that make this difficult.
Should I get pre-approval before I shop?
Yes, absolutely. Pre-approval gives you a negotiating position at the dealership (you are a cash buyer, not a finance customer they can upsell) and locks in your rate for 60-90 days. Most of our applications settle pre-approved first.
What about balloon payments?
A balloon is a large final payment that keeps monthly repayments low. Popular for business vehicles on chattel mortgages. For consumer loans we generally recommend against them unless you genuinely plan to trade the car in and roll over. They cost more in total.
Is dealer finance ever better?
Occasionally. Manufacturers run promotional rates (1.99%, 2.99%) on specific models to move stock. If the promo rate is genuinely lower than the panel, we tell you to take it. Honestly sourced means honestly comparing.
Ready to stop paying dealer rates?
Fifteen minutes on the phone tells us what you actually qualify for. No commitment, no sales pitch. You leave with the numbers and decide.