New cars
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Product explanation
What is car finance?
Plain-English guidance so you can understand the product before deciding whether to proceed.
Car finance is a lending structure used to purchase a vehicle and repay it over an agreed term. Depending on how the vehicle is used, the loan may be assessed as personal, business or commercial finance.
A broker helps you understand what lenders may consider, which structures may suit the purpose of the vehicle, and what documents are likely to be requested before an application is submitted.
Broker-led, not one-size-fits-all
- Clear product explanation
- Practical document guidance
- Suitable lender pathways reviewed
- Structure explained before application
Visual finance guidance
Clear guidance with relevant real-world scenarios
These examples show the types of situations, assets and documents that commonly shape the finance discussion.
Dealer and private sale support
Compare dealer purchases, private sales and business-use vehicles with guidance on lender requirements before you commit.
Business-use vehicle finance
Utes, SUVs and work vehicles may need a different structure to a personal-use car loan. We explain the pathway clearly.
Documentation made easier
Vehicle invoices, private sale details, income evidence and refinance payouts can all affect timing and lender fit.
What can be financed
Common examples we can help review
Final lender fit depends on the asset, applicant profile, loan amount, purpose and supporting documents.
Used cars
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Dealer purchases
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Private sale vehicles
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Utes
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
SUVs
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Business-use vehicles
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Vehicle upgrades
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Who this may suit
Practical scenarios where broker guidance can help
Figure Out Finance works through your situation, explains lender expectations and helps identify suitable next steps.
Employees buying a personal-use car
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Self-employed applicants using a vehicle for work
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Sole traders and tradies upgrading a ute
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Companies purchasing business vehicles
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Customers comparing dealer finance with broker options
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Applicants refinancing an existing car loan
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Finance options available
Structures that may be considered
Depending on your circumstances, options may include the structures below. Not every option is available to every applicant.
Secured car finance
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Personal loan options for eligible personal-use vehicles
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Chattel mortgage for eligible business-use vehicles
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Balloon or residual options where suitable
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Low-doc options for some self-employed applicants
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Refinance options for existing car loans
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
What lenders usually consider
How lenders commonly look at an application
The assessment is not designed to be intimidating. It is about confirming the loan purpose, ability to repay and whether the product fits lender criteria.
Income and employment status
This is one of the common factors lenders may review when assessing the application.
Credit profile and repayment capacity
This is one of the common factors lenders may review when assessing the application.
Vehicle age, condition and value
This is one of the common factors lenders may review when assessing the application.
Deposit or trade-in equity
This is one of the common factors lenders may review when assessing the application.
Loan amount, term and purpose
This is one of the common factors lenders may review when assessing the application.
Existing debts or liabilities
This is one of the common factors lenders may review when assessing the application.
Invoice, sale contract or private sale details
This is one of the common factors lenders may review when assessing the application.
Supporting documents requested by the lender
This is one of the common factors lenders may review when assessing the application.
How Figure Out Finance helps
Guided support from enquiry to settlement
You get clear broker support rather than being left to interpret lender requirements alone.
- Understanding what you are trying to fund
- Comparing suitable lender options from a broad panel
- Explaining the structure clearly before proceeding
- Helping with documents and lender requirements
- Managing lender communication
- Supporting the process through to settlement
Documents commonly requested
Documents depend on the lender, loan type and applicant profile
Documents requested will depend on the lender, loan type and applicant profile. Dean will confirm the exact list after reviewing your scenario.
- Driver licence or ID
- Payslips or income evidence
- Bank statements where requested
- Vehicle invoice or sale contract
- Private sale seller details where applicable
- ABN/GST details for business-use vehicles
- Payout letter for refinance
- Insurance details before settlement
Process
Simple 4-step process
1
Tell us what you need
Share what you are trying to fund, the timing, amount and applicant situation.
2
We review suitable options
We compare suitable lender pathways based on the purpose, profile and documents.
3
We explain the structure
You receive clear guidance on structure, repayments, conditions and next steps.
4
We help with application and settlement
We help manage lender requirements and support the process through to settlement.
FAQ
Common questions
General information only. The right answer depends on your circumstances and lender criteria.
Yes. A broker can help compare options outside the dealership offer. Approval, rate and structure depend on lender assessment and your circumstances.
Some lenders consider private sale vehicles where the vehicle, seller and supporting documents meet requirements.
Depending on your circumstances, options may include chattel mortgage or other commercial vehicle finance structures.
Refinance may be considered where the lender criteria, payout position and repayment capacity support the application.
Ready to review your finance options?
Tell us what you are looking to fund and we’ll help you understand suitable options from our lender panel.
Finance is subject to lender approval, credit criteria, fees, charges, terms and conditions.