Private Car Loans
Benefits of buying used car privately
Buying a used car privately can have benefits such as significant savings over a dealers pricing and the negotiation process can sometimes be simpler.
At SB Finance we can help you get the right private purchase car loan that will suit you and your needs. We can assist you with every step of the process and will ensure a smooth application and settlement process.We have access to a large panel of car and asset finance lenders, allowing us to secure a competitive loan package to meet your requirements. With hands on car sales experience, we can also assist and guide you through the buying process.
We can work with all applicants including defaults, bad credit, no financials, work visa, first borrow, self-employed and casual employment.
We can assist with
- Fixed interest repayments for the term of the loan
- Term options from 1-5 years
- Ability to make extra repayments to the loan
- Purchase New, Used, Dealer or private purchase
- Low-doc loan options
- No deposit loans
- Balloon options
- Older vehicles
Repayment Options
Fixed interest repayment for the term of the loan. Ability to make extra payments throughout the loan.
Variety of Options
Term options from 1-7 years, Low-doc loan options, No deposit loans and Balloon Options.
Quick Application
Our Application process is straight-forward and hassle free. We pride ourselves in being responsive and prompt with processing your application!
Personalised Service
Here at SB Finance we treat everybody like one of the family. We pay attention to the detail and make sure we offer nothing but first class service tailored to your needs!
Whether you have questions or inquiries about our services, we’re here to assist you every step of the way.
Frequently Asked Questions
Yes! you can look at several different loan options including a consumer loan, lease or a commercial asset loan such as a chattel mortgage to finance your a privately sourced vehicle. Speak to one of our team today to discuss how we can help you get a loan to suit you. We can have an obligation free chat to discuss your requirements and will guide you through the process of what is required to apply.
You sure can! Used vehicles qualify for commercial loans and sometimes may even work out more budget friendly. Some benefits of a commercial loan such as a chattel mortgage are:
- Full amount of the asset can be financed
- Balloon payment options available
- Fixed interest repayments for the term of the loan
- Term options from 1-7 years
- Purchase new, used, dealer or private.
- Sole-trader structure, partnerships, companies, car-allowance employees and trusts can be eligible for this product
- Low-doc products available
- Ability to claim the interest and depreciation if the asset is used to generate an assessable income
- Vehicle is owned registered by the borrower.
- Helps with cash-flow
When making a decision you should speak with your accountant and seek your own independent advice on what loan product would suit you best.
The financier lends the customer the money to buy a new or used vehicle. It can be secured (the asset as security) or unsecured (higher interest rate). If the vehicle is the security on the loan then it will be required to have full comprehensive insurance. Finance can include on road costs and payments can be fixed with loan terms up to 7 years.
