Car Finance Tasmania

Find the right car finance option to suit your needs in Tasmania with Savvy.

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, updated on July 5th, 2023       

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Compare low-rate car loans in Tasmania

Get approved for your car loan in Tasmania

There are plenty of car finance options available to you if you live in Tasmania, but getting approved for the right one isn’t always as simple as applying to the first lender you find. Savvy is here to help you through the comparison and application process, regardless of whether you’re living in Hobart, Launceston, Devonport or anywhere else across the state. We’re committed to servicing the regions and helping Australians everywhere access the finance they need to purchase their next vehicle.

Apply with Savvy and find the best loan for you

By applying with Savvy, you’ll have the backing of a team of dedicated consultants who have decades of combined experience in the industry. Your consultant will guide you every step of the way, from your initial application to preparing your formal submission to your lender for approval. With so many lenders counted among our panel of partners, we can help you find the best and most affordable with more confidence. Get a free quote with us and kick your application into gear today.

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The features and benefits of car loans in Tasmania

Competitive interest rates

You can lock in a competitive interest rate on your car loan in Tasmania, helping you reduce the cost of your finance deal overall with low fees also available.

Flexible loan amounts from $5,000

Car loans typically come without a maximum loan amount, meaning you’ll be able to take out a loan for as little as $5,000 all the way up to 100% of the purchase price of your car.

One to seven-year terms

Set your preferred car loan repayment term to suit your needs as a borrower, with loans as short as 12 months and as long as seven years available to repay your debt.

Choose your repayment schedule

Additionally, you’ll be able to make your payments either on a weekly, fortnightly or monthly basis, which you can choose in line with whichever you’re most comfortable.

Available for self-employed workers

Car loans aren’t just open to full-time and part-time workers. Even if you’re self-employed, you can be approved for car finance through your tax returns (instead of payslips).

Fixed interest rates

Your interest rates won’t change across your car loan, as they’re fixed, meaning there’s no need for you to worry about the cost of your finance deal increasing down the track.

Why choose Savvy for your car loan?

How do I apply for a car loan with Savvy?

Common car loan questions in Tasmania

Do I have to buy a new car?

No – you can buy both used and new vehicles with a car loan. Different lenders have various age limits for second-hand cars, so it’s essential to check in advance if you’re considering used cars.

Age limits tend to apply at the end of a car finance term. That means if you’re using a five-year car loan and buying a six-year-old model, lenders will need to cover vehicles up to eleven years old. However, we're partnered with lenders who can approve loans for cars much older than that.

Can I get a car loan with bad credit?

Yes – some lenders will look at bad credit car loan applications, but you’ll likely pay a higher interest rate. We partner with flexible lenders who look past your credit score and assess your ability to pay your loan in the here and now.

What are the additional fees I should consider when taking up a car loan?

Car finance fees can add up during the term. Lenders charge two primary types of car loan fee – the first is a setup or loan establishment charge and the other is a regular account fee, which is usually paid each month. Setup fees can range from just $100 all the way up to $600 or more; however, in some cases, they may be willing to waive them altogether. Monthly account fees range between a few dollars and $25.

Should I just get car finance from my bank?

It’s never a good idea to limit your car finance search, even if you’re short on time. Settling for the bank means settling for a very limited choice of products. If you have non-standard borrowing needs, such as if you need a low doc car finance option or your credit rating is low, for example, banks are unlikely to be willing to approve your application.

Can I take up a personal loan instead of a car loan?

Yes – Savvy also offers range of competitive personal loans in Hobart from its panel of lenders. You can compare personal loan offers and get instant outcome in 2 minutes. However, personal loans should only be used to purchase a car if your vehicle doesn't meet your lender's criteria, such as being too old or having been written off in the past. 

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