Secured Car Loans

A secured car loan is a typical consumer car loan which is used by an individual to purchase a motor vehicle. The motor vehicle is encumbered by the financier and you'll also be protected from any interest rate rises as the rate and your regular monthly repayments remain the same so you can easily budget for your repayments each month. This facility falls under the consumer credit code (UCCC) where the interest rate, commission and other fees are disclosed on the contract. All consumer credit conditions apply to this type of car loan.

Who does a secured car loan suit?

A secured car loan is designed for those who wish to finance a motor vehicle for private use. The finance lender funds the full or part purchase price of the motor vehicle. This finance option also allows the borrower to finance their car insurance premium, dealer on- road costs as well as RTA transfer fees. (Also consider a novated lease or salary packaging.)

Secured car loan features

• Low establishment fees and monthly fees
• Flexible contract terms from 1 to 5 years
• Fixed monthly repayments for the term of the agreement
• Fixed interest rate for the life of the loan
• A balloon payment can be added as a final payment to reduce the monthly repayments
• Deposit or a trade-in may be used
• You can obtain pre-approval before you go shopping

Which car financing product is right for you?

Deciding on the right car finance option for your situation can sometimes be confusing. commercial hire purchase, chattel mortgage, car lease and a novated lease are just a few of the car financing options, Platinum Direct Finance can assist with your decision making and make the process simple and easy. Use our "Which car financing option is right for you?" today!

Why use Platinum Direct Finance?

The Platinum Direct Finance group of companies will finance over 800 million dollars worth of equipment and car finance this year! Due to this volume and buying power, we can give our clients access to the best boat finance rates and boat financing products across Australia.

Need further information?

If you require further car finance or car leasing assistants, either complete our friendly enquiry form or call an experienced finance consultant on 1300 554 553 today.