Secured Car Loan
Are you looking for a secured car loan for a new or used vehicle? At Car-Loans.net.au, we can help you determine whether a secured or unsecured car loan is right for you, and secure the best finance deal on your new or used car loan.
Backed by industry leading loan provider, Aussie Loans, Car-Loans.net.au make borrowing quick and easy with our fast application process and unbeatable low interest rates on new and used vehicles.
Whether you are purchasing a car for personal or business purposes, the lending experts at Car-Loans.net.au will get you behind the wheel of your new car, fast, with a loan solution tailored to your needs.
What is a Secured Car Loan?
A secured loan is protected by an asset, such as the vehicle you are looking to purchase or your home. Secured loans usually offer lower interest rates, allow you to borrow a greater amount, and have longer repayment terms than unsecured loans.
The financier will hold the title of the asset, for example your new vehicle, until the loan amount including interest and fees has been paid in full.
Secured vs Unsecured Car Loan
Secured Car Loan
- Usually lower interest rate than unsecured loan
- The loan is secured against an asset, such as the car or your home
- The full loan amount must be used for car purchase
- You will need permission from the lender to sell the car
Unsecured Car Loan
- You can buy a car of any age, used or new
- No asset or security required for the loan
- Usually higher interest rate than secured loan
- The loan amount can be partially used for other purposes
- You can sell the car unencumbered
What are the advantages of a Secured Car Loan?
A secured loan usually offers a much lower interest rate than an unsecured car loan.
However, secured loans do have additional criteria. You will need to put up an asset against the loan such as the car you are purchasing or your home.
You will also need to seek the lenders permission if you wish to sell your vehicle, whereas with an unsecured car loan you are free to sell your vehicle unencumbered.
You can read more about unsecured Car Loans here.
Why choose Car Loans for your Car Loan?
With links to more than 20 major Australian banks and financial products, look no further for the best finance solution for your new or used motorbike. At Car-Loans.net.au, we offer:
- Best finance deals with low interest rates
- Easy application process with minimal paperwork!
- Secured or unsecured car loans
- Fast approvals on new or used car loans
- Apply online, by phone, or in person at an office near you
Apply Online for a Secured Car Loan
If you’re looking to purchase a new or used car, or would like advice on whether a secured or unsecured car loan is right for you, the lending experts at Car-Loans.net.au can help.
We’ll take the hassle out of buying your new or used car and secure you the best finance deal with great interest rates, fast approval, and easy repayments.
Backed by Aussie Loans, Car-Loans.net.au is one of Australia’s largest, professional and most successful finance brokers. With direct links to 20 major Australian Financial products we can tailor a loan to suit your needs. This includes personal loans; finance for cars, boats and bikes; PLUS business loans for work vehicles, lo doc loans or truck loans.
Our experienced staff are committed to providing fast friendly service, helpful advice, flexible options and great deals no matter your circumstances. Contact us today here or call us on 1300 256 267.