Motor Vehicle Finance

Consumer Car Loans, Chattel Mortgages, Novated Lease or Hire Purchase.

 

We have access to some of Australia's top tier car financiers with same day approvals.

We offer fast, competitive vehicle finance packages for new or used vehicles purchased privately or from a dealership. 

Motor Vehicle Finance Structures 

Consumer Loan
Generally suitable for a vehicle being purchased for personal use and owned in an individual name. Loan terms available from 12-84 months, with or without a final balloon payment.

Chattel Mortgage
You own the asset from the start of the agreement, with a loan term secured by the asset of 12 to 60 months.  Again, this product is suitable for financing the acquisition of plant, equipment and your motor vehicle needs. Balloon values can be structured to be made at the end of the period or the transaction can be fully amortised.  Chattel Mortgage Finance is a loan that allows a business using the "cash" method of accounting for the Goods & Services Tax to claim back the GST on the asset purchase price in their next Business Activity Statement.

Commercial Hire Purchase
Hire and use the asset until you make your last payment – and then the asset title is transferred to your name. Suitable for motor vehicles less than 9 years old, and certain types of equipment. Terms available from 12 to 60 months.  Commercial Hire Purchase is like a Car Lease in that you pay "rent" over the repayment term. The difference is that you gain equity as you make payments and title passes to you with the last repayment. A Commercial Hire Purchase agreement can be structured with or without a "Balloon" payment, i.e. an additional lump sum payment to be made at the end of the lease. 

Finance Lease
Finance leases are structured in line with Australian Tax Office guidelines. All asset types can be financed, again for periods between 12 and 60 months. 

Novated Lease
Typically used to finance new and used motor vehicles where an employer offers salary packaging arrangements.  Under a Novated Lease, an employee makes an agreement with the Lender for the finance of a vehicle. The employer then takes the repayments out of the employee's pre-tax salary. If the employee changes jobs, they take the car with them.

Frequently Asked Questions

  • A car loan comparison rate is a percentage that represents the total cost of a car loan, including the interest rate and most fees and charges, expressed as an annual percentage rate (APR). It provides borrowers with a clearer picture of the true cost of the loan, making it easier to compare different loan offers from various lenders. The comparison rate takes into account not just the interest charged but also factors such as establishment fees, ongoing fees, and other costs associated with the loan, allowing you to make more informed financial decisions. However, it's important to note that the comparison rate may vary based on the amount borrowed and the term of the loan, so always consider your specific circumstances when evaluating your options.

    At Rosh Partners, we can assist you in comparing car loan offers and finding the best financing solution for your needs.

  • While a deposit is not always required for a car loan, providing one can significantly benefit your application. A deposit, also known as a down payment, reduces the total amount you need to borrow, which can lead to lower monthly repayments and potentially a better interest rate. Some lenders may require a deposit, especially for used vehicles or for borrowers with less-than-perfect credit. However, there are also options available for no-deposit car loans, although these may come with higher interest rates.

    At Rosh Partners, we can help you explore your financing options, whether you're considering a deposit or looking for a no-deposit solution that suits your budget and financial goals.

  • Yes, you can pay off your car loan early. Many lenders allow borrowers to make extra repayments or pay off the loan in full before the end of the loan term. However, it’s important to check your loan agreement for any early repayment penalties or fees that may apply. Paying off your loan early can save you money on interest and reduce your overall debt, but make sure to consider your financial situation and any potential fees involved.

    At Rosh Partners, we can help you understand the terms of your car loan and guide you on the best approach for paying it off early, maximizing your savings in the process.

  • While pre-finance approval for a car loan is not mandatory, it is highly recommended. Getting pre-approved gives you a clear idea of how much you can borrow, which helps you set a realistic budget when shopping for a vehicle. It also streamlines the financing process, making it easier to negotiate with dealers and potentially leading to better terms. Additionally, having pre-approval demonstrates to sellers that you are a serious buyer, which can be advantageous in competitive markets.

    At Rosh Partners, we can assist you in obtaining pre-finance approval, ensuring you have a strong financial foundation before you start your car search.

Why use Rosh Partners as your broker

We take the complexities out of choosing the right loan, making it easier for you to make informed financial decisions

  • We have time for you. Our brokers work directly with you throughout the home loan journey. We answer your call when you call and action everything digitally, fast and efficiently

  • We liaise with all third parties including your solicitors, buyers agents so that there are no last minute surprises

  • We periodically review your loan post settlement to ensure your rate remains competitive throughout the term.