Car Loans | Australian Frequent Flyer
Australian Frequent Flyer

Welcome to Australia's leading independent Frequent Flyer and Travel Resource since 1998!
Our site contains tons of information that will improve your travel experience.

Joining AFF is fast, simple & absolutely free - register now and take immediate advantage of these great BENEFITS.

Once registered, this box will disappear. And you will see fewer advertisements :)

Login Now to remove this and all advertisements (GOLD and SILVER members)
Not a member? Register Now for free

Car Loans

Status
Not open for further replies.

dfcatch

Established Member
Joined
Apr 22, 2010
Messages
4,184
Any suggestions for good car finance ?

Last time I financed was Esanda but that was years ago
 

Mr_Orange

Established Member
Joined
Jun 17, 2013
Messages
4,581
Flights
My Map
Any suggestions for good car finance ?

Last time I financed was Esanda but that was years ago
My last finance (2 years ago) was through the dealer but it was St George in the background. The rate was competitive and ISTR that the account keeping fees were reasonable.
 
Last edited:

Blackswan

Active Member
Joined
Jan 30, 2008
Messages
546
I recently looked at options, including my bank (yes, that one) - who I have my mortgage with. They were 3% more than what Nissan were offering in house - so I went with the Nissan option.
 

gaz0303

Member
Joined
May 22, 2011
Messages
327
Flights
My Map
I had a good experience with a broker service - Statton Finance. The best option they gave me was Alphera (BMW finance, I bought a Subaru). Ended up a single % or more lower than what I could find listed publicly with other finance providers.
 

Warks

Established Member
Joined
Oct 9, 2003
Messages
2,722
Is leasing a better option? Just asking. I've only ever paid cash for cars. But leases that include everything are appealing to me for my next car.


The car manufacturers offer rates like "2.9% comparison rate" on their ads but what does this mean? Seems to be a lot of fine print. Car loans from dealers used to be credit card type rates - one third deposit and around 20% interest. Plenty of people got taken in on those 'deals' I bet. Because it would have been offered as "from as low as $59 a week!!!"
 
Last edited:

Mr_Orange

Established Member
Joined
Jun 17, 2013
Messages
4,581
Flights
My Map
Is leasing a better option? Just asking. I've only ever paid cash for cars. But leases that include everything are appealing to me for my next car.
Leasing is not the bargain it appears to be, especially if it is your intention to own the car outright. In which case you are better off on personal finance.

If you are planning to always chop in a lease car for a new one every three years then it probably works.
 

Princess Fiona

Enthusiast
Moderator
Joined
May 22, 2009
Messages
10,255
Qantas
Platinum 1
Flights
My Map
Leasing is not the bargain it appears to be, especially if it is your intention to own the car outright. In which case you are better off on personal finance.

If you are planning to always chop in a lease car for a new one every three years then it probably works.
I lease my cars. I like the convenience of having everything sorted for me and I get a new car every 4 years.
 

Mr_Orange

Established Member
Joined
Jun 17, 2013
Messages
4,581
Flights
My Map
I lease my cars. I like the convenience of having everything sorted for me and I get a new car every 4 years.
Yep, so you fit into the second category I mentioned, in which case it works. Although once on the merry-go-round it is difficult and costly to jump off.
 
Credit cards which earn frequent flyer points is a popular way to earn frequent flyer points. You can receive thousands of points on everyday spend. And, many of these cards offer generous signup bonuses! Compare to find the credit card that best suits your needs.

Recommended by the Australian Frequent Flyer

Hammando

Member
Joined
Oct 2, 2012
Messages
348
Any suggestions for good car finance ?

Last time I financed was Esanda but that was years ago
I work in Equipment Finance so know a bit about this.

Always get a quote from the dealer, they are often very competitive. Always get a couple of quotes and be sure to have them include details on any establishment fees etc, as the lowest interest rate doesn't always work out to be the cheapest.
 

Hammando

Member
Joined
Oct 2, 2012
Messages
348
Toyota and Lexus often have deals at zero % or very close to zero rate during each year.
These aren't always the great offer they seem to be.

I bought my Lexus when they were running one of these 0% promos. Thanks to a friend working in corporate he asked the dealer to give me a good price.

At the price I was given the 0% interest rate offer could not be extended to me, but financing at market rates still worked out cheaper. This was before considering any tax deductibility for the interest.
 

cove

Enthusiast
Joined
Feb 15, 2008
Messages
13,836
Two years ago Toyota Camry ran a 0% offer for 4 years and we bought it for the olds. I tried to get the reduced cash price but it stayed the same number so the deal became 48 months and a finance registration fee of a few dollars.
I get my Lexus 2 years old and 40,000 kms for around half the new list price and I pay cash and Mrscove gets her Lexus new for cash.
 
Status
Not open for further replies.

Community Statistics

Threads
86,281
Messages
2,078,258
Members
53,681
Latest member
jggerber
Top