New Car Loan
Let Savvy take you through the process of buying a new car, from quick quote to settlement
Car finance options new cars
Finding the right loan to help you purchase your new car is important, which is why Savvy is here to offer you the widest variety of choice.
With a wide lender panel of more than 25 of Australia’s top financiers, we’re perfectly positioned to offer a loan tailored to your personal requirements when purchasing a brand-new vehicle off the lot is a priority.
Best of all, you can get your application started now with a quick quote. Take your first steps towards buying your new car today and choose from the best rates on the market with Savvy.
What a new car loan looks like through Savvy
With fixed rates starting from just 3.99% p.a. (comparison rates from 4.36% p.a.), you can enjoy choosing from the lowest interest car loans.
Any amount up to 100% of your car’s value can be accessed through finance, giving you more choice when it comes to selecting your model.
You can set your schedule to fit around your income capabilities and pay on either a monthly, fortnightly or weekly basis
Although most borrowers opt for five-year terms, you can select any length between one and seven years to repay your loan.
Your car must be manufactured locally or imported here by its manufacturer and never have been written off.
We can work with borrowers who derive their income from full-time, part-time, casual or self-employment, or indeed a combination of more than one.
Application fees of up to $600 and ongoing service fees up to $20 can apply to your loan, but some lenders won’t charge for either one or both of these.
You could incur an early exit fee of up to $600 to $900, but this depends on the time left on your loan and can also be waived, and late fees of $25 to $50.
Why so many Australians trust Savvy to find new car finance
New car loan repayments calculator
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New car finance, explained further
What is a new car loan?
In essence, it’s simply a type of car loan designed for the purchase of a new or near-new vehicle. In terms of defining a new car, it’s a model produced this year with 0km on the odometer. For example, a 2020 model was considered a new car in 2020, but in any year thereafter it becomes used.
These can apply to both consumer car loans (financing to purchase a car for everyday use) and commercial car loans (financing to purchase a car for business use), the latter of which includes loan structures such as chattel mortgages, car leases and hire purchase.