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Car Loan

With your friendly experts

Whether you’re an established business owner or new to the market, it’s important to find people who are willing to roll up their sleeves and work with you.

We cover everything from buying interstate from a private seller, to purchasing from your local dealerships. Our solutions are tailored towards your specific needs. You are unique, and you deserve a finance solution that is too! We make sure you are fully informed throughout the car finance process in Sydney, and that you are kept across the different options regarding car loan structures, and flexibility. Would you expect anything less from your friends in finance?

Get the right car loan with PURE CAPITAL FINANCE

See how pure capital will help you secure a great deal on your car finance through its panel of lenders

CONSUMER LOAN

Consumer car finance (sometimes called secured car loans) are available with no deposit, and up to 7-year terms.

With this type of loan, the finance company secures the loan against the car.

This security means the finance company can offer lower interest rates than you would expect with an unsecured loan. At the end of the car finance term, the security on the vehicle is released by the finance company and you own the vehicle outright.

Consumer car loans are very flexible. Contract terms range from 1 to 7 years. Some consumer car finance allow for a balloon payment in the contract. This allows you to have lower monthly payments, and an agreed payout amount (balloon) at the end of the contract term. This option can be attractive if your monthly commitments have to fit into a tighter budget.

CHATTEL MORTGAGE

A Chattel Mortgage is very similar structure to a consumer loan however this finance type requires the asset to be used for predominant business use. Because this car is then deemed to be income generating, there is a slightly different application criteria applied by the lenders, and different interest rates are applicable.

Loan terms typically range from 1 to 5 years with balloon payments available, however some lenders do offer a 7 year loan term.

Books not quite up to date? No problem! At Pure Capital we think differently about car finance for self-employed people and businesses. Whether you’ve been in business for years or are running a new startup, our low doc car loan offers you pain free finance.

With our low doc car loan, we don ’t get hung up on what documents you have available. We will look at your overall financial situation, and still get you the best vehicle loan interest rate possible.

* Please refer to your accountant for tax advice.


 
 

What Next

5 Easy Steps

1
Submit your details

Enter your details to get an accurate quote over the phone, it's obligation free!

2
We'll be in touch

One of our friendly Consultants will be in touch to discuss your unique situation and run you through the best options for you. This is also a great time to ask any questions you may have about the process.

3
Decision time

Once you are happy with the quote, we will submit your application to the lender and come back to you with an approval. This usually takes anywhere from 4-48 hours.

4
Contracts

Once you are approved and have decided on the vehicle, we will draw up the contracts and talk you through everything, making sure you are happy and comfortable with what you are signing.

5
Completed

Once we have the completed contracts, we will submit them for settlement and have the bank transfer the funds to the seller. This 5-step process usually takes 3-5 business days, but can be completed within 24 hours if necessary.

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Helpful information on car loans

Read some of the helpful information on car loans to help you make a right decision

Buying New or Used

What’s the best for you?

Buying new is more expensive, buying used is cheaper. But is it so cut and dry? Often buying new means massive (and instant) depreciation. Buying used may only drive you so far until you need repairs and replacement parts. What is best for your situation? If you are buying new and you’re planning for a family, buying something larger may suit you well for five or even ten years. A comparable used car may have a much shorter lifespana.

When Zero doesn’t equal “nothing” – 0% loans

Chances are you’ve seen car dealers offer “zero percent” loans on TV or radio. These may sound enticing, but are not all they’re cracked up to be. Dealers offering “zero” percent loans may add hidden fees, penalties and force you to buy older models at the retail price. That might mean paying more for last year’s model. Buying a retail car loan from a reputable broker
or lender while negotiating a better price is a better option that will save you money in the long run.

Car loan repayments and your budget

Buying a car with finance means monthly repayments. It makes financial sense to budget for your repayments so you never run into trouble. But does it give you the full picture of how much you’ll be paying? Budgeting for repayments is a good first step, but you must also consider consumables and other expenses. Insurance, fuel, servicing and incidentals such as cleaning may play into your bottom line.

Buying private vs dealer purchase – what’s best?

In the car finance world, the age-old debate of buying private and buying from a dealer rages on. What is best? It depends on your objectives. If you want to save money and don’t mind the inconvenience of travel, no-shows and checking documents and VINs online, buying private is the way to go. Dealer sales are almost always more expensive, but you get warranties, protection
under consumer law and after-sales support. What is more important? Price, convenience or added safety?


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1300 566 639

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