Car Loans Ballarat

Get approved for your car loan in Ballarat before you know it and apply with Savvy today.

No obligation. It won't affect your credit score.
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, updated on July 5th, 2023       

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Compare low-rate car loans in Ballarat

Find the right loan for your next car purchase in Ballarat

Cars are among the largest financial investments you’ll make in your life, so it’s important to know that there are options available to you if you don’t have all the funds available to you upfront. Fortunately, Savvy can help you find a suitable car loan designed to cater to your needs to help you make your vehicle purchase goals a reality. Whether you’re in Ballarat, Ararat or Stawell, Savvy services the regions to help make car finance accessible to all Australians.

Lock in a great deal with Savvy

When you apply for your car loan with Savvy, you’ll have the backing of one of our experienced consultants, who’ll guide you right through the process and handle all the heavy lifting. Because of our partnerships with a wide range of Australian lenders, we can also help you compare a variety of offers so you can pick out the best loan for your needs with more confidence. Get a 100% free, no-obligation quote with us today.

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The features and benefits of car loans in Ballarat

Low interest rates

With competitive interest and comparison rates available, you can lock in an affordable rate on your car loan and potentially save across your term.

No mandatory deposits

There’s no need for you to pay a lump sum towards your vehicle purchase, as car loan financiers can cover up to 100% of the sale price of your car (plus on-road costs).

Repay over between one and seven years

You’ll be able to select a loan term which best suits your needs, whether that be a short term of one or more years or a longer term of up to seven.

Choose weekly, fortnightly or monthly payments

On top of your preferred loan term, you’ll also be able to tailor your repayment schedule to fit your needs with either weekly, fortnightly or monthly instalments.

Buy any car, new or used

It doesn’t matter whether you’re in the market for a brand-new vehicle from a nearby dealership or a used car from a private seller in Ballarat: you can still be approved for finance.

Purchase a vehicle for your business

There are also options available to business owners looking for a car for commercial purposes, with a range of chattel mortgages on offer from lenders around the country.

Why apply for your car loan with Savvy?

How to apply for your car loan with Savvy

Our Process

Fill out a quick quote and your initial application

First and foremost, take a few minutes to tell us about yourself and the loan you need in a quote. You can submit your application after, from which point we can start comparing options for you.

Discuss your options with your Savvy consultant

Once your consultant has completed the comparison process and found the best loan available for your situation, they’ll get in touch with you to have a chat about your options.

Let your consultant prepare your application

From there, you can kick your feet up while your consultant prepares your formal application in line with your lender’s requirements and submits it on your behalf.

Receive formal approval and sign on the dotted line

You can be notified of approval as soon as one day later. Your lender will send through a loan contract to sign, after which the deal can be settled and you can drive away in your new car soon after.

Common questions about car loans in Ballarat

How do I work out the cost of my car loan?

You can use Savvy’s car loan repayment calculator to crunch the numbers on how much you’ll pay for your car loan per instalment and overall. However, there are many variables which can play a part in determining how much you’ll pay for your car loan, which include the following:

  • The size of your car loan
  • Your interest rate
  • The fees charged
  • The length of your loan term
  • Whether you pay a deposit
  • How often you make repayments
Does my car have to be located in Ballarat to get a loan?

No – we can help you secure loan approval for any new or used car across the country, whether it’s a few blocks away or all the way over in Western Australia. For example, if you were looking to secure a loan for a car in Tasmania, we can help you do just that even though you’re living in Victoria. Have a chat with your consultant about your options for tracking down your ideal car interstate.

How long will it take for my car loan application to be approved?

When you apply for your car loan with Savvy, you can be formally approved and settled as quickly as 48 hours from the point you submit your initial application. Different lenders have different processes when it comes to assessing applications, so you may find that your application could take more time depending on the complexity of your profile as a borrower. Some lenders may also ask for further information before reaching a final decision. Speak with your Savvy consultant about how long your car loan might take.

Will my car loan’s interest rate be fixed or variable?

Car loans come with fixed interest rates. This means that your repayments will remain the same across the entirety of your car loan. The primary benefit of fixed interest rates comes with the fact that they allow for more accurate budgeting, as you’ll know exactly how much of your monthly budget will be going towards your car loan for the duration of your term. They also protect against any rate rises which may take place while you’re repaying your loan.

How much will I be able to borrow on my car loan?

Your borrowing power when it comes to your car loan will also be determined by a range of variables. Lenders will look at the following factors when deciding on how much to approve you for:

  • Your employment stability
  • Your income
  • Your savings
  • Your credit score
  • Your assets and outstanding debts
  • Your record repaying similar loans

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