Online Car Loans

Apr 19, 2021

Need a new car? Whether it’s for driving to work each day, or exploring the great outdoors at the weekend, having a car gives you a huge sense of freedom. So finding the right loan for you is the first step on the journey. 

Online Loans is exactly that – online. You’ll go through the entire online car loans process online, without needing to have a single phone call.

Buying a new car

In 2019, Australians spent billions of dollars on car loans meaning that families and individuals across the country could get the vehicle that they wanted or needed to explore, commute and travel. New cars accounted for millions of vehicles on the road and a vast number of these were bought using online car loans. 

If you’re keen to get an online car loan, have a think about the type of vehicle you want to buy. You might want to think about some of the following options:

  • Whether a new or used car is best for you
  • What type or model of car you want to buy
  • Whether you want an electric or hybrid vehicle
  • How long you will use the car for
  • How often you will use the car
  • Whether you’ll want to upgrade the car in the future 
  • The right car loan for you

Once you’ve figured out which car you want to buy, it’s important to figure out whether it’s financially possible and how to make the figures work.

Use a loan calculator to help you understand exactly what you’ll need to repay each month and the interest rates that will best suit you.

Remember – once you have your car, you need to ensure you can pay back your car loan in full. You also need to bear in mind that cars come with other costs such as:

  • Maintenance
  • Fuel
  • Unexpected repairs
  • Taxes

Getting an online car loan

It’s been possible for several years to find lots of information about car loans online and it’s often the first place that people will look when they consider getting a new car. However, Online Loans is fully online – meaning you won’t be waiting for letters or having to spend time on phone calls. Everything is online.

The process is simple:

  • Start your online car loan application
  • Submit all the required personal and financial information
  • Choose from a displayed list of lenders
  • Submit your car loan application

You can do your online car loan application at any time of day that suits you – receiving instant results with minimal time and effort.