Car Loans
Car Loan & Finance
Whether your old car is on its last legs, time to upsize to a family wagon or maybe you’re ready to buy that dream car, car loan broker Mint Equity can take the stress, time and effort out of sourcing the right car loan.
We’re able to source a loan for most vehicles and recreational products such as;
Cars
Motorbikes and scooters
Caravans, campervans and motorhomes
Boats
Jet Skis
A car loan can be suitable when you don’t have sufficient savings to purchase the vehicle out right, but you can afford to repay a loan in monthly instalments.
Types of car loans
There are a variety of different car loans, all with unique features. The most common arrangements are;
Secured car loan
Taking out a secured car loan means you’re able to provide an asset, such as your car, to secure your loan against. This is the most cost-effective type of car loan as you’ll be eligible for a lower interest rate and can set fixed repayments.
Unsecured car loan
Unsecured car loans don’t require you to provide any of your assets as security for the loan. This means that if you are unable to repay your loan, there are no assets to repossess. The down side to an unsecured car loan is you’ll pay a higher interest rate.
Personal loan
If you’re unable to get an unsecured or secured car loan, a personal loan may be an option for you. A personal loan can give you greater flexibility in terms of the purpose for the loan, however interest rates are more expensive than both a secured or unsecured car loan. Click here to learn more about a personal loan.
How to compare car loans
Whenever you are comparing car loans, you need to make sure the product has the same features, then you’ll be able to accurately determine whether one option is more superior than the other.
Rather than searching online through multiple comparison site that may provide you with confusing or inaccurate comparisons, give the team at Mint Equity a call, tell us what you need and we’ll do the rest.
We’ll liaise with our lender panel and compare rates and terms for you, then provide you with a shortlist for you to select from. We ensure you have full disclosure of the product details so there are no surprises later.
How to apply for a car loan
Applying for a car loan is a straight forward process when utilising the services of a car loan broker, like Mint Equity. Depending on the type of loan sought, secured or unsecured car loan, the application process is slightly different, but essentially, we’ll need the following information from you;
Identification
Employment status and income
Type of vehicle; make, model and year
From there we’ll get a few more details and request a car loan approval for you. Depending on the lender, we can receive notification of the outcome within 2 hours (for 80% of cases).
Get a quick car loan quote
Just fill in some basic details below and one of our car loan brokers will be in touch to discuss the quote.
Please note, the minimum car loan we can assist with is $20,000.
Our services and lenders
Mint Equity provides the full spectrum of finance from car loans and personal loans to residential, commercial, business, personal and SMSF lending. Our role as a finance broker is to work with clients to identify the most suitable finance options from a portfolio of products from the big-four banks and multiple second-tier lenders.
Unlike the mortgage lending industry, the supply of car loans to consumers is not regulated which is why there is an inconsistency of service across the market. We approach the car loan approval process with the same vigour and professional practices as our other lending services, that way our clients can be sure they receive a high standard of service and product recommendation.
We're accredited with the major banks and multiple 2nd tier lenders to provide a variety of options to suit your immediate and future needs.
