Found a dream car and looking for a car loan?
We provide car loan solutions across Australia, covering a wide range of personal and business vehicle financial options. Loan amounts generally start from $7,500, and our experienced car loan brokers work to match your situation with best rates so you can get on the road quickly.
This option is ideal if the car is mostly for personal use. Approval focuses on your income stability and credit history, and the process is usually straightforward with generally faster turnaround times.
Suitable for business/commercial use, including sole traders, partnerships and companies. Interest and depreciation may be tax deductible, and GST on the purchase price may be claimable where eligible, helping reduce tax pressure and make cash flow easier to manage.
Your employer packages your vehicle costs from income before tax, including lease payments, insurance, servicing and registration. This can suit PAYG employees (usually with incomes from around $100,000 and above) where the employer supports novated leasing. It may improve tax effectiveness and help you manage the overall cost of running your vehicle more easily.
The vehicle is owned by the finance provider and you make regular lease payments. At the end of the term, you may be able to buy the vehicle, upgrade or refinance. This can help with managing residual value and making upgrades simpler, which is ideal for those who need to refresh a fleet regularly or prefer a more predictable monthly payment.
Choosing the right lending adviser (licensed finance broker) can save money and time, and take some pressure off your shoulders.
MPI Financial offers car loan assistance across Australia, working with a range of lenders to design practical solutions. We compare rates, negotiate terms and break the process into a simple, checklist based pathway so each step is easier to manage.
We start with a pre-assessment and a clear checklist, then follow your application from submission through to settlement. The aim is to reduce extra document requests and give your loan a strong chance of being approved the first time.
We strictly abide by the Australian Privacy Act 1988. Your information is only used for assessment and application purposes and is not shared externally without your consent.
We understand different lender policies and visa rules (including TR and company structures) and work to find lenders that are more open to your circumstances, especially if your situation is a little out of the box.
In most cases the lender pays us a commission, so you do not pay additional consultancy fees. Where a fee does apply, we explain it clearly in advance so there are no surprises.
Most car loans are repaid on a principal and interest basis, and can be set up with either fixed or variable rates.
Headline interest rates for personal car loans vary widely depending on your profile, vehicle type and lender. Some may start from around 5% while others can exceed 21%. A practical approach is to first work out a comfortable monthly repayment range based on your budget and preferred loan term, and then decide whether a fixed or variable rate better suits your cash flow.
In some situations, and subject to current tax rules, car loan interest can be tax deductible. Where a vehicle is used for both personal and business purposes, it may be possible to claim a portion of the costs based on actual business use (subject to your accountant’s advice).
We consider your budget, timing and how you plan to use the vehicle, then compare different rate and term options so you can choose a repayment structure that feels comfortable and sustainable.
To get started, simply share:
Your name and contact details
Loan type (home / car / business)
Your city, budget range and intended purpose
Preferred structure (individual / company / trust) and timeframe
MPI Financial offers support in both English and Mandarin. Tell us about your situation and we will help make each step simpler, more transparent and firmly in your control.
It depends on how you will use the vehicle and your work or business situation. Personal loans usually suit mainly private use. Chattel mortgages are more common for business use and can be friendlier from a tax and cash flow perspective. Employees whose employers support novated leasing may also consider that option. We match structures to your budget and tax goals to help you choose a suitable pathway.
Loan amounts generally start from around $7,500, with common terms between 12 and 84 months. Deposit size, residual value and rates will vary by lender and your profile. We calculate repayments and total cost under different combinations so you can see what works best.
We can start with a pre assessment, then look for lenders and structures that are more flexible. Providing supporting documents such as evidence of stable employment, consistent account conduct and a reasonable deposit can also help improve your chances of approval.
Where the vehicle is used for business and the structure is set up correctly, interest, depreciation and some running costs may be treated as deductible in line with current tax rules. GST may also be claimable in some circumstances. Your accountant’s advice and the latest tax law will always apply.
For personal car loans, citizens, permanent residents and some temporary residents can usually apply. Many lenders do not accept student or bridging visas, and for temporary residents the loan term often cannot exceed the remaining visa duration. We carry out a pre assessment first and then look for lenders that are more open to your specific visa and situation.