At Generation Financial Group, we can help find the right personal car loan for you. We have access to a large panel of lenders that offer both secured and unsecured options.
Book an obligation free appointment today
Secured and Unsecured Personal Car Loans
Unsecured Personal Car Loans
Our unsecured personal car loans don’t require any assets to secure the loan. The interest rate on an unsecured loan is generally higher as there is more risk to the lender.
Benefits of an Unsecured Personal Car Loan:
- Available with no deposit
- Can purchase new or used vehicles
- Terms from 12 – 84 months to suit your individual needs
- Payments are structured to fit your unique circumstances
- Payments generally fixed so you know what you will be paying from day 1 to the end of your loan
- Fully protected loan packages available with Comprehensive Car Insurance, Loan Protection, Security Shortfall Insurance and Warranties able to be provided
Secured Personal Car Loans
Our secured personal car loans are the most common types of loans to purchase cars in Australia for personal use.
The lender provides the funding necessary for a customer to purchase the vehicle. You, as the customer, take immediate ownership of the vehicle when it is purchased.
The lender takes security over the vehicle until the final payment of the loan. Once the final payment is made the lender’s interest is removed giving the customer clear title of the vehicle. The car must be comprehensively insured whilst there is fund’s owing against the vehicle.
Benefits of a Secured Car Loan:
- Available with no deposit
- Can purchase new or used vehicles
- Terms from 12 – 84 months to suit your individual needs
- Payments are structured to fit your unique circumstances
- Payments fixed so you know what you will be paying from day 1 to the end of your loan
- Secured Car Loan residuals from 10-60%
- Fully protected loan packages available with Comprehensive Car Insurance, Loan Protection, Security Shortfall Insurance and Warranties able to be provided
Competitive Low Rates
Easy Process
Quick approval to have you on the road faster
New, used, dealer and private sales
Book an obligation free appointment today
WHY USE A MORTGAGE BROKER
We Care About You
We care about you, our clients first – not the lender. We go above and beyond to ensure you have the right loan to suit your needs.
- We provide real choice, looking to find you the right deal
- We work with multiple lenders, keeping competition alive
- We may negotiate a better outcome
- We help at a time and place that suits you
- We do the legwork for you
Ongoing Support
We will be there with you every step of the way from application right through to settlement and beyond. Our services don’t just stop after your application has settled, we are here to offer our expert advice past your first application with us.
We Save You Time
Generation Financial Group will save you time! We have access to over 40 lenders across home, vehicle and commercial lenders so you can be confident that we will be able to find you the right loan to meet your goals and expectations.
ABOUT GENERATION FINANCIAL GROUP
Our clients come first in everything we do.
With over 30 years’ experience in the financial services industry our business has been built on always putting our clients first. We take the time to first understand our clients’ personal and financial goals and then provide them with the first class service and products to meet their goals and expectations.
We put our clients first, we make the process easier and we save you time
Frequently asked questions
A mortgage broker works for the borrower, not the lender. At Generation Financial Group we put our clients first. We work with you to find out what your requirements are and then we use our experience and knowledge of the market to better negotiate the right loan for you with the lender. We help you complete all of your paperwork and manage the application process for you right through to settlement.
Our aim is to save you time and just make your life easier when looking for the right loan.
We’re all unique when it comes to our finances and borrowing needs. Get an estimate on how much you may be able to borrow (subject to satisfying legal and lender requirements) by speaking to one of our lending specialists or mortgage brokers today. We can help with calculations based on your circumstances.
That’s where our Generation Financial Group mortgage brokers are here to help. We are experts when it comes to home loan finance and know where to go to find you the right loan product with the right features to suit your needs. Book an appointment to speak to us today.
Most lenders offer flexible repayment options to suit your pay cycle. Aim for weekly or fortnightly repayments, instead of monthly, as you will make more payments in a year, which will shave dollars and time off your loan.
- Stamp duty — This is the big one. All other costs are relatively small by comparison. Stamp duty rates vary between state and territory governments and also depend on the value of the property you buy. You may also have to pay stamp duty on the mortgage itself. To estimate your possible stamp duty charge, visit our Stamp Duty Calculator.
- Legal/conveyancing fees — Generally around $1,000 – $1500, these fees cover all the legal requirements around your property purchase, including title searches.
- Building inspection — This should be carried out by a qualified expert, such as a structural engineer, before you purchase the property. Your Contract of Sale should be subject to the building inspection, so if there are any structural problems you have the option to withdraw from the purchase without any significant financial penalties. A building inspection and report can cost up to $1,000, depending on the size of the property. Your conveyancer will usually arrange this inspection, and you will usually pay for it as part of their total invoice at settlement (in addition to the conveyancing fees).
- Pest inspection — Also to be carried out before purchase to ensure the property is free of problems, such as white ants. Your Contract of Sale should be subject to the pest inspection, so if any unwanted crawlies are found you may have the option to withdraw from the purchase without any significant financial penalties. Allow up to $500 depending on the size of the property. Your real estate agent or conveyancer may arrange this inspection, and you will usually pay for it as part of their total invoice at settlement (in addition to the conveyancing fees).
- Lender costs — Most lenders charge establishment fees to help cover the costs of their own valuation as well as administration fees. We will let you know what your lender charges but allow about $600 to $800.
- Moving costs — Don’t forget to factor in the cost of a removalist if you plan on using one.
- Mortgage Insurance costs — If you borrow more than 80% of the purchase price of the property, you’ll also need to pay Lender Mortgage Insurance. You may also consider whether to take out Mortgage Protection Insurance. If you buy a strata title, regular strata fees are payable.
- Ongoing costs — You will need to include council and water rates along with regular loan repayments. It is important to also consider building insurance and contents insurance. Your lender will probably require a minimum sum insured for the building to cover the loan.