CAR & PERSONAL LOANS

Dealership finance can be convenient when you’re purchasing a vehicle, but it’s worth understanding what other finance options may be available before making a decision.

A finance broker can compare car loan options from a range of lenders, allowing you to consider factors such as interest rates, fees, loan terms, repayment structures and the overall cost of the loan.

180 Finance can help you compare your options so you can make an informed decision about the finance that suits your circumstances.

Yes, car loan pre-approval may be available depending on the lender and your circumstances. Pre-approval can give you an indication of how much you may be able to borrow before you start shopping for a vehicle.

Knowing your budget beforehand can make it easier to narrow down your choices and understand what the repayments may look like. Pre-approval is generally subject to conditions and isn’t a guarantee of final loan approval.

Yes. Car finance isn’t limited to purchasing a new vehicle from a dealership. Depending on the lender and the vehicle, finance may also be available for used cars and vehicles purchased through a private sale.

Lenders can have different requirements around factors such as the age and value of the vehicle, so the finance options available may vary. We can look at your circumstances and the vehicle you’re considering to help you understand your options.

Not always. Whether you need a deposit will depend on the lender, the vehicle you’re purchasing and your financial circumstances. Some car loans may allow you to finance the full purchase price, while in other situations contributing a deposit may be required or may reduce the amount you need to borrow.

If you have a vehicle to trade in, its value may also contribute towards the purchase. We can explain how different deposit and finance options may affect your loan and repayments.

A personal loan can be used for a range of larger purchases and expenses. Depending on the lender and type of loan, this might include a caravan or boat, motorbike, home improvements, a wedding or another significant purchase.

The type of finance available will depend on what you’re borrowing for and your circumstances. We can compare suitable options and explain the costs and features involved before you make a decision.

A secured personal loan uses an asset, such as a vehicle, as security for the loan. Because the lender has security against the amount borrowed, secured loans may have different rates, lending criteria and conditions.

An unsecured personal loan doesn’t require an asset to be provided as security. The lender will instead assess factors such as your income, expenses, existing commitments and credit history when considering the application.

The right option will depend on what you’re financing and your individual circumstances. We can explain the differences and help you understand which options may be available to you.