Compare Lenders
with our Car Finance Calculator
Only 10 quick questions, enter your details and instantly compare your top lenders! Pick the lender which best suits your needs.
Why Choose Better?
Finding the right loan has never been easier.
Our Services
New & Used Cars
Trucks & Trailors
Motorbikes
Caravans
Marine
Home Improvement
Debt Consolidation
Home Deposit
Weddings
Holiday
Unsecured Business Loans
Working Capital Loan
Equipment Loans
Line of Credit
Term Loans
Start-Up Finance
Sound Systems
CNC Machinery
Fitout Finance
Finance Lease
Let's Talk Process...
Start with our Car Finance Calculator
Want to know what your car loan will cost?
Our Car Finance Calculator is here to make it easy-peasy!
Just answer 10 quick questions about your loan and the car you’ve got your eye on. In no time, you’ll know your interest rate, monthly payments, and any fees.
It's like having all the answers right in your pocket! Now, you’re in the driver’s seat, making the smart money moves.
Let’s take control of that big decision—no stress, just straight-up info!
Compare car finance options like a pro
Hunting for the best car loan rates can feel like a never-ending chore, but guess what?
It doesn’t have to be! With our Car Finance Comparison Tool, you can compare deals from different lenders faster than you can scroll through Instagram.
Whether you're looking at offers from the big dogs like ANZ, Westpac, or St. George, we’ll show you exactly what you're eligible for.
No fuss, no headaches—just the best car loan rates in Australia, ready for you to grab.
Choose your lender and apply
Once you've found the best deal, it’s time to pick your lender and apply. It's that easy!
You get to choose the one that works for you, and with just a few clicks, you're on your way.
No long forms or confusing steps—just a smooth, hassle-free process.
So, whether you're going with a big bank or a smaller lender, we’ve got your back. Get ready to hit the road with the best deal, fast!
Get pre-approved within an hour
With our fast and easy process, you’ll be one step closer to getting behind the wheel.
Once you're pre-approved, you’ll know exactly how much you can spend, so you can shop smart and confidently. Imagine walking into the dealership knowing you're good to go!
It’s quick, simple, and gives you the control to make your move.
Ready to roll?
Our Partners
Plus Many More...
FAQ's
How to apply for car finance?
How to apply for car finance?
Navigating the world of car finance can be challenging, especially if you're new to borrowing. At Better Broker Co., we do more than just secure your loan approval—we guide you through the entire process, ensuring you stay informed and empowered to make the crucial decisions that matter most to you.
1. Check out our blog - "The Ultimate Guide to Car Finance". This will walk you through each step in much finer detail
2. Determine your budget - This is for both your monthly repayments and the vehicle price
3. Compare your loan options - Better Broker Co allows you to compare 30+ lenders tailored to your circumstances allowing you to choose your lender.
4. Complete your application - You can complete the application online or we will give you a call to guide you through the process
5. Provide the necessary documents - Have a read of "What documents do I require" next
What documents do I need?
What documents do I need?
What credit score is needed for car finance?
There is no minimum credit score required! While some of the "tier 1" lenders do have minimum requirements, there are still plenty of lenders available to us that do not have a minimum credit score requirement.
Your credit score is a reflection of your credit history, including how reliably you’ve repaid previous debts. It provides lenders with a snapshot of your financial behavior, helping them gauge the risk of lending to you. Here’s how your credit score can impact your loan:
- Interest Rates: A higher credit score can qualify you for lower interest rates, reducing the total cost of the loan.
- Loan Approval: Lenders may be more willing to approve your loan if you have a strong credit score.
- Loan Amount: A better credit score might allow you to borrow a larger amount, as lenders have more confidence in your ability to repay.
- Loan Terms: Borrowers with higher credit scores often have access to more favorable loan terms, such as longer repayment periods or lower fees.
How to Check Your Credit Score
It's important to regularly check your credit score, especially before applying for any new loans. This will give you an idea of where you stand and whether there are any issues you need to address before applying.
Equifax offers a free credit report once a year, which you can access to review your score and the factors influencing it.
How much can I borrow for a car?
Before embarking on your asset finance journey, it is crucial for you to have a good understanding of your financial position. This foundational step will not only help you determine what you can afford, but also set you up for a smoother and more confident borrowing experience. By taking the time to thoroughly assess your finances, you'll be better equipped to choose the right loan, avoid overextending yourself and secure the best possible terms
Step 1: Evaluate your Income
Begin by calculating your monthly income. This should include all sources of income, not just your regular salary. Consider the following;
- Salary/Wages - Your primary source of income, whether from full-time, part-time or casual employment. Include bonuses and overtime.
- Side Income - Any additional side income such as rental income or government assistance like Centrelink payments.
- Passive Income - Earnings from investments, dividends or interest
- Fixed Expenses:
- Rent/Mortgage
- Personal Loans and Car Loans
- Credit Card Repayments
- Variable Expenses (Living Expenses)
- Groceries, entertainment, subscriptions, petrol
- Insurances and utilities (electricity and gas)
- School fees and medical expenses
- Outstanding loan balances: The total amount you owe on personal loans, car loans, buy now pay later etc.
- Credit Card Debt: The amount you owe on credit cards, including and interest accruing on unpaid balances
Want our free borrowing power and repayment calculator? [Click Here] (Only works on a computer!)
This calculator will allow you to see how much you may be able to borrow based off your current income, expenses and liabilities. You can also calculate how much your repayments will be based off either your total borrowing power or an amount of your own choosing.
Can I pay off my car loan early?
Yes, you absolutely can pay off your loan early—though it’s important to note that this might come with fees and charges.
It’s a good idea to discuss your plans for early repayment with your broker. While many lenders offer loans with no early termination fees, these loans might not always have the lowest interest rates. However, avoiding early payout fees can save you money in the long run, making it a worthwhile option to consider.
When selecting a lender, it's crucial not to focus solely on "what's the lowest rate." Although a low rate may seem attractive, it's essential to consider the "overall cost" of the loan. For smaller loans, fees can significantly impact the total cost, even more than the interest rate itself.
Keep in mind that commercial lending is different from personal car loans, as it almost always includes early termination fees. This makes it even more important to discuss your repayment intentions with your broker. By doing so, they can structure your loan to align with your needs, potentially reducing your overall costs.
How to get the best car finance deal?
1. Compare Lenders:
BEFORE YOU START! Be aware that every time you inquire directly with a lender through their website for an interest rate, it can leave a mark on your credit file and potentially lower your credit score—even if you don’t proceed with an application.
This is where brokers have a significant advantage. A broker can check rates from multiple lenders on your behalf without impacting your credit score. However, comparing lenders isn’t just about finding the lowest rate; it’s also about evaluating their fees and features to ensure you’re getting the best overall deal.
At Better Broker Co, our quoting engine allows you to compare offers from up to 30 lenders based on your personal circumstances. You’ll see their rates, fees, and features all in one place. [Click here to compare now!]
2. Improve Your Credit Score:
Your credit score is a reflection of your credit history, including how reliably you’ve repaid previous debts. It provides lenders with a snapshot of your financial behavior, helping them gauge the risk of lending to you. Here’s how your credit score can impact your loan:
- Interest Rates: A higher credit score can qualify you for lower interest rates, reducing the total cost of the loan.
- Loan Approval: Lenders may be more willing to approve your loan if you have a strong credit score.
- Loan Amount: A better credit score might allow you to borrow a larger amount, as lenders have more confidence in your ability to repay.
- Loan Terms: Borrowers with higher credit scores often have access to more favorable loan terms, such as longer repayment periods or lower fees.
How to Check Your Credit Score
It's important to regularly check your credit score, especially before applying for any new loans. This will give you an idea of where you stand and whether there are any issues you need to address before applying.
Equifax offers a free credit report once a year, which you can access to review your score and the factors influencing it.
[Click here to get your free report].
3. Consider a Larger Deposit:
You are not required to place a deposit, however, putting down a large deposit can have several advantages. Firstly, it reduces the amount you need to borrow, which can lower your monthly payments. Secondly, a larger deposit might qualify you for a lower interest rate, as it reduces the lender’s risk. By reducing the overall loan amount and potentially securing a lower rate, you can save money over the life of the loan. This is particularly beneficial if you’re financing a more expensive vehicle, where the savings from a lower rate and smaller loan amount can be substantial.
4. Check the Total Cost:
It’s important to consider the total cost of the loan, not just the monthly payments. A loan with lower monthly payments might seem more affordable, but if it has a longer term or higher interest rate, you could end up paying more in the long run. Additionally, consider any early repayment fees or other charges that could affect the total amount you’ll pay over the life of the loan. By focusing on the overall cost, rather than just the interest rate, you can make a more informed decision that fits your financial goals.
Talk with us
This is a Heading
Give Us A Call Today
Donovan: 0459 029 510
- Yuwie: 0432 927 808
No pressure selling
No affect to credit file
No obligation to proceed
You will speak directly with the Co-Founders, Donovan or Yuwie, who will personally guide you from start to finish – no hand-offs.
Schedule A Time For A Call
Simply book a time below, and we’ll call you when it suits your schedule.
*All applications are subject to the lender’s credit assessment and eligibility criteria. Terms, conditions, fees, and charges apply. The information provided is for factual purposes only and does not imply a recommendation of any financial products or constitute tax advice. For financial or tax advice, please consult a licensed professional.
*Your interest rate may vary based on factors like your credit history, the details you provide, and our assessment. We’ll confirm your rate once your application is submitted. Rates, repayments, and fees are estimates and can change at any time. Turnaround time is based on the average approval time for personal and car loans between 1 January 2024 - 1 July 2024.
*The comparison rate is calculated on a $30,000 secured loan over 5 years. WARNING: This rate applies only to the specific example provided. Different amounts and terms will result in different rates. Additional fees, like redraw or early repayment fees, as well as fee waivers, are not included in the comparison rate but may affect the overall cost of the loan. Eligibility criteria, terms, and conditions apply.