Car Finance With Instant Approval Online
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Savvy Editorial TeamFact checked
Get approved for your car loan fast
Finding the right car finance deal can save you thousands of dollars over the course of your loan term. Fortunately, you can find and compare from a wide range of lenders and products online and drive away with a great deal within just 48 hours.
With Savvy, you can do this all in one place. Find all the information you need to make an informed decision and apply for car finance online at any time of the day. Get started with your application today and speak to one of our expert consultants to help you track down the best car finance deal for your needs.
Our car loan features and benefits
Competitive interest
With more options to choose from, you can compare from a range of low-rate car finance offers to help you save on your deal.
Borrow 100% of your car’s price
Lenders are flexible when it comes to the amount you need, with no real upper limit on your borrowing provided you can comfortably afford your finance.
Buy new or used vehicles
You're not solely restricted to brand-new cars, either, with used vehicles available for purchase up to 20 years old from a dealer or private sale.
Optional deposits
You can cut down on interest and fees on your loan significantly by making a deposit if you’re able to, which essentially serves as an interest-free contribution.
Secured car finance
Because your car finance deal is secured, you can benefit from lower interest rates and a higher potential borrowing power on your loan.
Flexible car loan terms
You can take as long as seven years to repay your car loan or repay it over as short a period as just 12 months, allowing you to tailor the loan to your needs.
Personalised rates and service
Our expert car finance consultants will help you locate the best option based on your borrower profile and help you optimise your application.
100% online car loan applications
You can do absolutely everything you need from your smartphone. Upload documents, fill in and sign forms and get approved faster for a car loan, without the legwork.
Why find online car finance with instant approval via Savvy?
Get an expert, dedicated consultant
Why go it alone when you can get the help of an expert car finance consultant and help with every aspect of your application?
Shop with lenders Australia-wide
Instantly choose the best car finance deal for your borrower profile from over 25 of Australia’s top lenders and get approved faster.
Trust ten years of experience
We’ve been delivering cheaper car finance deals to Australians just like you for more than a decade, so we understand loans.
How to turbo-charge your online car finance approval
Prepare your documents
Start by gathering all the documents you can – your dedicated Savvy consultant will be happy to talk you through what’s required.
Most borrowers just need to upload a copy of both sides of their driver’s licence and their two most recent payslips. It’s a good idea to also have access to your last 90 days’ worth of bank statements, as these may also be requested.
Consider car finance pre-approval
It’s quick and easy to get pre-approved for car finance. Pre-approval enables you to speed up the car purchasing process, as it gives you and your seller a firm price ceiling under which to negotiate.
Once you’ve found your car, you’ll have all the relevant paperwork and information you need to get your loan approved and settled quicker.
If you have a low credit rating
Some factors can slow down an online car finance application and prevent instant approval. Applying for car finance with bad credit typically requires extra information and documentation, with some lenders potentially requiring a deposit.
Applying with your partner is one way to help save you time and increase your borrowing power.
If you’re new to driving or loans
Likewise, if you’re a new driver or just new to car finance, it can be harder to get instant approval. Talk to your dedicated consultant about the possibility of using a guarantor car loan if that sounds like you.
That’s an option that lets you utilise the superior credit history of a close relation such as a parent to help you qualify for a car loan online.
Don’t go too fast
Last but not least, make sure to include everything a lender is going to need to make a fast decision on your application.
Take care to answer all the questions on the application form correctly and upload all the necessary documents at the first time of asking and you should be behind the wheel of your new car in no time.
What our customers say about their finance experience
Savvy is rated 4.8 for customer satisfaction by 3340 customers.
Frequently asked questions about car loan approvals
Online car finance approval is quick and simple. After you’ve been in touch with us, located your best lender option and uploaded documents and filled out your application via our website, you can have your entire application turned around in the space of about 48 hours.
This depends on several factors, such as your employment, income and spending and credit rating. Lenders assess borrowers in terms of the risk they present. The best way to figure out how much you have to work with is to speak with one of Savvy’s expert car finance consultants.
We’ll give you a selection of tailored quotes from our panel of flexible lenders, allowing you to shop for your new car with confidence.
You can. Many commercial lenders work in the car finance space, offering a range of specialist products and finance structures like chattel mortgage, vehicle leasing, and even rent-to-buy options. Remember, you’ll need to use your car for business at least half the time to apply for business car finance online.
Yes – all car finance is secured against the vehicle you buy, so you’ll also be asked to upload a dealership invoice before the lender settles the loan. On top of that, financiers require a fully comprehensive insurance certificate for the car.
There are several fees that you may be required to pay as part of your car loan, although some of these are able to be waived by certain lenders. These include ongoing fees (up to $20 per month) and your application fee (up to $600).
You can apply for a car loan if you meet the following criteria:
- 18 years or older
- Australian citizen, permanent resident or accepted visa holder
- Earn at least $26,000 p.a. from stable income sources
Yes – however, if you wish to pay your loan out early, you could incur an early repayment fee up to $600 to $900. This fee is also able to be waived by some lenders, so if you value the freedom to repay as quickly as you like, you should compare based on this point.