Car Loans Wollongong

Apply for your car loan with Savvy today and purchase your vehicle in Wollongong the right way.

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 Wollongong

Make your Wollongong car purchase goals a reality

In the market for a vehicle? Whether it’s your first car or an upgrade on the current family people mover, it’s important to know that you have a range of options when it comes to financing your purchase. That’s where Savvy comes in. We’ve been helping Australians like you find and purchase cars for over a decade, so whether you’re in Wollongong, the outskirts of Sydney or anywhere else in New South Wales, Savvy services the regions.

Buy your next vehicle the Savvy way

By applying for your car loan with Savvy, you’re ensuring you’ll have the help of one of our car finance experts to guide you through the process. With so many lenders on our panel, they can help you decide which is best for your needs and navigate your application from start to finish. Get the wheels in motion on your next car purchase with a 100% free, no-obligation online quote today.

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The features and benefits of car loans in Wollongong

Competitive rates

There’s a range of affordable car loan offers out there waiting to be found, with comparison rates beginning at low prices to help you save over the life of your loan.

Choose your ideal car loan term

Lenders know there’s no one-size-fits-all when it comes to the length of car loans, so you’ll be able to make the call to repay it over between one and seven years.

Borrow up to 100% of your car’s value

When you’re looking to finance your car in Wollongong, it’s important to know that you can get approved for a loan worth its full value (depending on your borrowing power).

Buy new or used, dealership or private sale

There’s no need for you to stick exclusively to brand-new vehicles sold through dealerships, as you can also be approved for used car purchases from dealers or private sellers.

Include on-road costs in your car loan

On top of taking out a loan to cover the full purchase price of your car, you can also include several additional costs under your agreement, including stamp duty and rego.

Take advantage of fixed repayments

Car loans come with fixed interest rates, meaning you won’t have to worry about rising repayments over your term and can enjoy more accurate budgeting.

Why apply for your car loan with Savvy?

Top tips for saving money on your car loan

Opt for a shorter term length

The shorter your car loan term, the more you stand to save. This is because of the way car loan interest is calculated: the interest you pay is based on your outstanding loan debt. The shorter your loan term, the faster your debt decreases, thus you’ll pay less interest than on a longer-term loan. For example, a $40,000 car loan at 7% p.a. would cost over $1,500 less over four years compared to five years.

Work on your credit score

Applicants with a strong credit score and record of repaying similar loans stand to benefit significantly in terms of the interest rates offered. Rates are set in line with how confident your lender is in you repaying your loan without any issues, so the better your credit file, the cheaper your loan is likely to be. Some of the ways to improve your credit rating include paying off outstanding debts and lowering credit card limits.

Pay a deposit

By putting a deposit forward as part of your car loan application, you’re taking on some of the burden which would’ve otherwise been shouldered by your lender. This effectively means you’re reducing the size of your loan, so your interest will be calculated based on a smaller number. For instance, taking the same $40,000, five-year loan at 7% p.a. and paying a $4,000 deposit would save you over $750.

Compare offers with Savvy

Of course, the simplest and most effective way to go about saving on your car loan is by comparing offers with Savvy and applying through us. Because of our diverse range of lenders, we’re in an ideal position to help you consider not only which car loan is the cheapest but also which is the most suitable for you and your individual situation. All quotes are 100% free and come with no obligations.

Common questions about car loans in Wollongong

Will I be able to get approved for a loan to buy a car outside Wollongong?

Yes – there’s no need for your car to be located in Wollongong, or even within the state, to be approved for finance. For example, if you wanted to get a loan for a car in Adelaide, the fact that you live in New South Wales wouldn’t discount you from being able to access finance to purchase it.

How much will my car loan cost?

There are many variables which will go into determining how much your car loan will cost, such as the length of your loan, interest rate and how often you make repayments. However, you can make life simpler for yourself and use Savvy’s car loan repayment calculator to help you work out an approximate weekly, fortnightly, monthly and overall cost.

Can I include multiple incomes towards my car loan?

Yes – we can help you get approved for car finance in Wollongong with multiple incomes. Whether they be from a full-time, part-time, casual or self-employed job (or even select Centrelink benefits), you can include them provided they’re ongoing, consistent and stable. For example, if you worked part-time and had a casual job where your hours remained the same each week, you’d likely be able to include both in your application. However, if you’d only just started in your casual job or have hours which vary significantly, you’re unlikely to be able to include it as a stable income source.

What documents will I need to apply for my car loan with Savvy?

There are several documents and pieces of information you’ll need to supply during the application process, which your Savvy consultant will inform you of. These include:

  • Photo ID (front and back of your driver’s licence)
  • Last two payslips
  • 90 days of bank statements (may be required)
  • Completed Savvy application
  • Signed consent form and credit guide

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