Car Loans Sydney
Finance your car the right way by applying for your Sydney loan with Savvy.
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Savvy Editorial TeamFact checked
Car loans Sydney
Looking for a cheap car loan with fast approval? Savvy’s got you covered. We help customers get approved for car loans of all shapes and sizes thanks to our extensive lender panel, smart on-site technology and experienced loan consultants.
The reason why we’re so popular across the country is that we service the regions. We can find great deals for you in Sydney or the Central Coast, but our 100% online process enables you to access the best car loans for your needs wherever you are, from Byron Bay to Mudgee to Yass and all across New South Wales.
Enjoy competitive interest rates and fees, flexible repayment terms and schedules and the freedom to choose any car you like, new or used, up to 20 years old. Compare and choose the best loan offers tailored to you today by submitting a quick quote with Savvy to get started.
The features and benefits of Sydney car loans
Affordable interest rates
You can compare the lowest rates on the market personalised to your situation through us, with over 40 reputable Australian lenders counted among our panel.
Flexible borrowing amount
You can borrow up to 100% of your car’s value from a minimum of $5,000 and are only limited by your maximum borrowing power in terms of car value.
Customisable loan length
You have the power to select the length of time over which you repay your car loan, from a minimum of one year all the way up to seven.
Choose your schedule
Similarly, you can repay your loan weekly, fortnightly or monthly as a means of structuring your repayments around your income to make them more manageable.
More accurate budgeting
Because your interest and fees are fixed at the start of your loan, you’ll know with certainty what you’ll be paying with each instalment and budget around it.
Pay out your loan early
We can match you with flexible lenders who enable you to make free additional contributions to your loan and complete your repayments early without cost.
New or used
Low fees
We work with lenders who are able to waive ongoing (up to $20) and establishment fees (up to $600) to help you cut down on the overall cost of your loan.
Why Sydney residents trust Savvy to help them find the best car loans
Expert loan consultants
Our friendly and diligent loan consultants will help you through the process, from finding the best loans to ensuring your application hits the mark.
Over 25 lending partners
With a wide range of lenders counted amongst our panel, we give our customers the best chance of finding their perfect loan deal by adding competition.
Smart technology
Our smart online technology takes the guesswork out of comparing loans by automatically matching you to the best options available for your situation.
Our range of car loan options
Calculate car loan repayments
Your estimated repayments
$98.62
Total interest paid: | $1233.43 |
Total amount to pay: | $5,143.99 |
Disclaimer: The results provided is an estimate only. Please read our Calculator Assumptions and Disclaimer for more information
The documents you’ll need when applying for car finance
Photo ID
Identification is required first and foremost to prove that you’re who you say you are. This is likely to come in the form of your driver’s licence and/or passport.
Other forms of ID may be required as part of this step, such as your Medicare card. Ensure that you scan your driver’s licence front and back before sending it through via our online portal.
Payslips
As a means of determining what you’re earning and whether it’s regular and stable, you’ll be required to submit your two most recent payslips. Depending on the lender you go with and the nature of your employment, you may also have to provide the last 90 days’ worth of bank statements.
How long you’ve been in your job can also factor into the success of your application, so you may need to supply a copy of your employment contract if you’re new or working in a non-permanent role.
Credit report
While you don’t have to supply this yourself, your consultant will assess your credit file as part of your application process. This is done to determine factors such as your credit score, past and existing borrowing, current liabilities and residential history.
Lenders consider this a significant part of your application, so we’ll need to review it to determine what the loan with the best chance of success is for you.
Application form
You’ll be required to send through a completed application form in addition to these, which you’ll receive from your Savvy consultant. We’ll make sure that each point of the document is pored over before submission to avoid any mistakes and increase your approval chances.
Signed consent form and credit guide
Additionally, we’ll need to receive a signed consent form and credit guide from you, confirming that you agree to the loan terms and our service as a broker in connecting you to your lender. Once you have these, and the remainder of your necessary documents, your consultant can submit your application.
What our customers say about their finance experience
Savvy is rated 4.8 for customer satisfaction by 3340 customers.
Common car finance queries from Sydney borrowers
No – your loan can be approved to purchase a car anywhere in Australia. It doesn’t matter where your car is located at the point of purchase; we can help your application be successful for cars sources locally or interstate.
Thanks to our advanced technology and dedicated consultants, your application can be completed from quick quote to having the funds sent to your seller in as few as 48 hours. While this may be affected by other aspects of your application, such as your borrowing history and whether you have the required documents, you can be sure you’ll be on the road in no time when you apply through Savvy.
Self-employed workers in Sydney can apply for a standard, private-use car loan by supplying tax returns from the previous two financial years in place of payslips. However, if you can’t do this, you’re limited to commercial finance products, namely a low doc car loan. This allows you to instead submit documents like profit and loss statements, BAS and an income declaration, but your car must be used at least 50% of the time for business purposes.
Yes – our car loan deals aren’t just limited to cars bought from dealerships. Our lenders are open-minded when it comes to where you purchase your car from, so we can help you out with approval from whatever or wherever your seller is, including private sales.
Yes – there are a number of benefits to getting pre-approved for a car loan. This provides you a defined ceiling on the amount you’re able to borrow, giving you more power in the negotiation process with your dealer or seller. If they know you won’t be approved for a loan beyond $25,000, for instance, they won’t try to force your agreed price far beyond that.
Cars can also come with stamp duty, vehicle registration, insurance and extended warranties on top of your existing payments. Fortunately, you can speak to your Savvy consultant about extending your loan amount to cover these costs in addition to that of your car.
If you’re involved in an accident and your car is written off, you’ll be required to pay out the remainder of your loan. Your car will always be covered by a comprehensive insurance policy for this reason, so this will help ease the financial burden in many cases and prevent you from paying the full amount upfront.