Compare car loans with BrokerFi's car loan calculator.
Calculate your repayments and compare interest rates from 40+ lenders, with instant results and no impact to credit file.
Car finance options
Car finance options for different situations
Whether you are buying your first car, upgrading your family car, refinancing an existing loan or purchasing a vehicle for business use, BrokerFi helps you compare car loan options and understand the numbers before you apply.
Buying a new car
For customers comparing finance options for a new vehicle purchase.
Buying a used car
For customers purchasing a used car from a dealer or private seller.
Refinancing a car loan
For customers wanting to review their current car loan structure or repayments.
Buying for business
For business owners, sole traders and ABN holders purchasing a work vehicle.
Broker guidance
How BrokerFi helps with car finance
A car loan is not just about finding the lowest advertised rate. The right finance option depends on the vehicle, loan amount, loan term, fees, flexibility, lender requirements and your overall situation.
We explain the loan structure
Understand repayments, fees, loan terms and conditions before you proceed.
We compare suitable options
BrokerFi reviews finance options based on your profile, vehicle and loan purpose.
We help protect your credit file
We help structure your enquiry before any formal application is submitted.
We support the process
From enquiry through to approval and settlement, you have broker support along the way.
Compare car loans with BrokerFi
Compare car loan options for new cars, used cars, private sales and refinancing with BrokerFi. Clear guidance from a expert Australian finance broker.
Understanding rates
How car loan interest rates work
Your credit score is the strongest factor in the rate a lender offers you. The higher your score, the more competitive the rate you're likely to receive. Lenders also look at stability, including how long you've been in your current job and at your current address, and whether you own your home. Whether the loan is for a new or used vehicle matters too, with new cars generally attracting lower rates than used models.
Beyond your credit score, lenders look at what's on your credit file, including how reliably you've repaid previous loans and credit cards. Any use of payday loans is generally viewed as high risk and can affect both your approval chances and the rate you're offered. A clean repayment history can significantly improve both your chances of approval and the rate you're offered.
What affects your rate
- Credit score: the strongest factor
- Employment and address stability
- Whether you own your home
- New vs used vehicle
What lenders check
- On-time repayment history
- Use of payday loans
- Ability to afford another loan
Loan details
Loans tailored to you
Car finance can vary by vehicle, loan purpose, lender and your personal situation. BrokerFi helps you understand what may suit before you apply.
New and Used Vehicles
Finance options for both brand-new and pre-owned cars.
Borrow What You Need
Loan amounts range from $5,000 to $200,000+.
Business Car Loans Available
Tailored solutions for company vehicles and fleet purchases.
Set Your Term
Flexible repayment options from 1 to 7 years - choose what fits your plan.
No Early Repayment Fees
Available on select loan types if you want to pay off your loan sooner.
Options for Different Credit Profiles
Finance options may be available across a range of credit histories.
Eligibility
- Australian residents aged 18+
- Visa applicants accepted - excluding student visa, temporary visas and bridging visa
- Regular income, including employed, self employed and pension income
- Good credit history preferred, with options reviewed across different profiles
Required documents
- ID documents, such as licence and Medicare
- Proof of income, depending on your situation
- Vehicle details, if already known
- Other documents may be required depending on the application
Compare car loans through these lenders
Helpful answers
Car loan FAQs
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