Online Car Finance Quote
Find the ideal car finance offer to suit your needs with an online quote with Savvy today.
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Savvy Editorial TeamFact checked
Online Car Finance Quote
Gathering and comparing online quotes can help you save money on your car loan, but it can be more time-consuming to do the research yourself. That’s why Savvy is here to do the heavy lifting for you and make your car-buying simpler.
Everything is online and all in one place: our quick form is simple to fill out and will only take a few minutes to complete, which allows our smart technology to instantly match you with products and lenders that can cater to your personal situation.
Taking the time to get an online quote with us before diving headfirst into the financing process will save you invaluable time and money that otherwise could’ve been wasted by going it alone.
Calculate your car loan repayments
Your estimated repayments
$98.62
Total interest paid: | $1233.43 |
Total amount to pay: | $5,143.99 |
Our car loan features and eligibility
Competitive fixed interest
You can compare a range of competitive rates from our vast panel of trusted lenders, with interest fixed for the duration of your loan term.
Borrow up to 100% of your car’s value
You can also access financing for a wide range of car products, with lenders able to approve sums for upwards of $5,000 .
1-7 years loan term
Whether you’re looking for a short loan or smaller repayments over a longer period, you can choose terms between one and seven years.
Choose your repayment schedule
You can select the structure of your repayments to fit around your income requirements, either monthly, fortnightly or weekly.
Free additional repayments
Contributing extra funds on top of your minimum repayments could help you save hundreds, if not thousands, and slash months off your loan term.
Waivable fees
Application fees (up to $600) and service fees (up to $20) may be charged, but some lenders won’t do so.
Other costs to look out for
Early repayment fees (up to $600 to $900) may also apply, but can also be waived, while you’ll incur fees of $25 to $50 for a late or missed repayment.
Eligibility
You can apply if you’re 18, hold citizenship, permanent residency or an accepted visa and earn $26,000 p.a. or more. (acceptable forms of income include PAYG, self-employed and Centrelink funds).
Why so many Australians choose Savvy for their car loan
Your car, your way
Whether you’re looking for a new or used car from a dealership or private seller, we can help you access financing from our diverse lender panel.
Experienced consultants
Our consultants understand the market and know how our lenders work. They’ll help you get your application approved the right way.
Advanced online platform
Our smart technology allows us to find and compare the best finance products to meet your personal requirements and needs.
How Savvy takes you from quote to settlement
Complete your fast online quote
Fill in our quick form to help us determine the lenders and products which are the best fit for you. Once our smart engine has presented options for your application, one of our consultants will get to work analysing these and will return to you with a selection of options to choose from.
Compare and choose your lender
Ultimately, the decision rests with you as to which lender to go with. You may prioritise lenders who offer free additional repayments or financing for older cars, for instance. You can speak with your broker throughout the process and explain what you’re looking for so we can ensure that we prioritise these factors.
Submit your application for approval
Once you’ve chosen the lender you’re looking to go with for car financing, your broker will submit your application directly to them alongside the required documents. We do this so that you can have an experienced eye looking over your application before it reaches the lender to double and triple-check everything against your lender’s criteria, which helps the chances of approval.
Find your car
After you’ve received your formal offer, you can get to work selecting your car. You’re not restricted to cars locally, either; we can help secure financing for cars bought interstate from a dealership or privately.
Settle your loan and the car is yours
You’ll receive a copy of the loan agreement between you and your lender once they’ve signed off on your car. You’ll be able to electronically sign these documents through our digital platform using an e-signature and, after we’ve returned the agreement to the lender, your funds will be sent to the seller and you can start driving your new car.
What our customers say about their finance experience
Savvy is rated 4.9 for customer satisfaction by 5719 customers.
Answers to common car loan questions
Savvy’s advanced digital technology allows us to get your application turned around from quick quote to settlement in as little as 48 hours, enabling you to receive funds fast and take ownership of your car in no time.
Yes – pre-approval is a great step to take in the car loan process. It provides you with a more concrete understanding of the amount you’re able to borrow, but it also has a few other benefits, namely that it provides you with greater bargaining power when you approach a dealership to purchase your new vehicle. It can also boost your chances of a faster, more successful sale, as the seller can see that your lender is willing (in principle) to grant you the funds.
The use of your funds is restricted to the purchase of your car only. Unlike personal loans, where you can essentially distribute funds how you please, car loans are designed to finance the purchase of your car only. However, we can arrange for other car-related costs to be covered in your loan, such as stamp duty and extended warranties.
You can borrow up to the value of your car, plus other related costs. In reality, though, not everyone will be approved for the same amount when financing their car. Your approved loan sum will be dependent on what you can comfortably afford to repay in terms of monthly instalments. For example, if you want to buy a car with $3,000 per month repayments on a monthly salary of $5,000, you won’t be approved. Your Savvy consultant will help you calculate the repayments you can afford to make after your quote and before submitting your application.
Yes – we can help you apply for a range of car finance products, such as chattel mortgages, car leases and hire purchase arrangements if they’re more appropriate for your personal situation. You can also get a quick quote for any of these products through Savvy.
There are several ways you can go about this. Firstly, having a good credit score will always help reduce your interest rate, as will verifiable previous finance on a car loan or another similar product. The newer the car is, the better your rate will be, while owning a significant asset like property will also go a long way towards reducing your interest rate.
Casual workers are seen as more of a risk for car loans than permanent employees. This is because they tend to lack the job security that other workers have and can often have less stable income. However, that doesn’t mean you can’t get a car loan, although it’ll come at a higher interest rate and greater restrictions on the loan amount. Savvy can help you access finance for your car no matter what walk of life you’re from.