Finance your next car with confidence
Compare car finance from a panel of Australian lenders, get pre-approved, and drive away sooner. One application, more options, less hassle.
Apply for car finance Get a car finance quoteLooking for car finance in Australia? Whether you’re buying new or used, from a dealer or a private seller, the right car loan keeps your repayments manageable and your purchase on the road sooner. Alpha390 arranges car finance for buyers across the country, comparing lenders so you don’t have to. Here’s how car finance works, the options available, and how to get approved.
Explore your car finance options
New car loans
Sharp rates on a brand-new vehicle with full warranty.Used car loans
Affordable finance for quality second-hand cars.Secured car loans
Use the vehicle as security for a lower rate.Bad credit car loans
Specialist lenders for a less-than-perfect history.Low doc car loans
Flexible options for the self-employed.Personal loans
Unsecured finance for older cars or private sales.What is car finance?
Car finance is a loan used to buy a vehicle, repaid in regular instalments over an agreed term, usually between one and seven years, with interest and fees on top. Instead of paying the full price upfront, you spread the cost over time. A broker works on your behalf, comparing a panel of lenders to match a loan to your situation rather than leaving you with a single dealer’s offer. Business buyers have extra options worth understanding, including a chattel mortgage versus a car loan, and the choice of adding a balloon payment to lower regular repayments.
What lenders look at when approving car finance
Lenders assess your overall profile rather than a single number: your credit history, income and stability, any deposit or trade-in, your existing commitments, and the vehicle itself. A cleaner credit history and a deposit generally help both your approval and your rate.
Getting pre-approval first tells you how much you can borrow and puts you in a stronger position to negotiate. New cars usually attract the sharpest rates; used cars can be more affordable overall. Any rates you see are examples only and subject to change — always compare the comparison rate, fees and features together, not just the weekly figure.
Car finance across Australia
Lending principles are largely the same nationwide, but local buying conditions differ. We help buyers in every state and territory, with city-specific guides including car finance on the Gold Coast and car finance in Sydney, and more capitals on the way. Wherever you are, the process is the same: set a budget, get pre-approved, find the car, and settle.
More than just cars
Cars are one part of what we do. If you’re financing something larger or for your business, our broader vehicle finance options cover utes, vans, electric vehicles, boats, motorbikes and more. Going electric? See our guide to the EV car loan and how to finance an electric car in Australia.
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Frequently Asked Questions
How do I get car finance in Australia?
Start by setting a realistic budget, checking your credit position and gathering your ID, income and expense details. Then apply through a broker who compares multiple lenders, or directly with a lender. Getting pre-approval first tells you how much you can borrow and lets you shop with confidence.
Can I get car finance with bad credit?
Possibly. Some specialist lenders consider applicants with past credit issues by looking at your current income, stability and deposit alongside your history. A larger deposit and steady income help. No lender offers guaranteed approval, but a broker can match you with lenders more likely to consider your situation.
Do I need a deposit for car finance?
Not always. Many lenders offer finance with no deposit, but putting money down reduces how much you borrow, can lower your repayments and may strengthen your application. A deposit can be cash, a trade-in, or both, and is particularly helpful if your credit history is less than perfect.
How long does car finance approval take?
It varies by lender and how complete your application is. With your documents ready, pre-approval can sometimes come through within a day or two, and settlement can follow quickly once the vehicle details are confirmed. Preparing your ID, income evidence and expenses upfront is the best way to speed things up.
Is it better to use a broker or dealer finance?
It depends on your priorities. Dealer finance is convenient at the point of sale but may only show one or two products. A broker works for you, comparing multiple lenders to find a loan that suits your circumstances, which often means more choice. Comparing total cost and the comparison rate matters most either way.
This article is general information only and does not constitute credit or financial advice. It does not take into account your personal objectives, financial situation or needs. Consider whether the information is appropriate for you and seek professional advice before acting. Alpha390 operates under Australian Credit Licence 506065 (Five Tees Pty Ltd). Lending is subject to approval, lending criteria, terms, conditions and fees.