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Find the right car finance solution

What car finance options are available?

Before you decide on a car loan, it’s important to consider the intended use of your next car. This will help determine the right car finance solution for your needs.

We have over 20 years experience and knowledge in helping our customers find the right car loan for their purposes, so let’s get started today with a free quote estimate.

If you’re wondering how our car loans compare to the Big 4, we’ve made it easy for you to see why you’re better off being with us!

Car finance for personal use

If you’re primarily running the kids around from sports practice or heading to the shops in your car, your likely looking for a loan that is appropriate for personal use. Options include a consumer loan, novated lease or personal loan may be the best option. We’ve provided detailed overviews of each of these products via the appropriate links.

Car finance for business use

On the other hand, if you’re going to be using the car for business purposes such as moving commercial goods, a chattel mortgage, finance lease or hire purchase may be the right option. It’s important to get your accountants advice on the suitability of this product for your purposes.

Any calculation made using this repayments calculator is intended for illustrative purposes only. The calculator does not take establishment fees, stamp duty, or other government charges into account. Any calculations made should not be relied upon for the purposes of deciding whether to apply for a loan.

Some of the benefits of car finance via Oxcel Finance

Anytime, Anywhere, Anyhow

We’re a real online business. Get an online quote, electronically sign documents and receive / send funds electronically; there’s no need to leave that couch!

Financial Flexibility

Our lenders have a wide range of options that give you flexibility including early termination fees, variable loan terms and the ability to add a residual.

Lifetime Support

Don’t get left alone to figure out how much you owe, changing your details, or assessing your changeover options; we’re here for you over the life of your loan.

Common questions about your secured loan

What is a car loan and how does it work?

A car loan (also referred to as a secured car loan) involves a finance company lending you the money to purchase a vehicle for personal use. The loan is secured against the vehicle and, when the final repayment has been made, you will own the vehicle outright.

What are the benefits of a car loan?

Benefits and product features of most car finance solutions include flexible loan repayment periods, the ability to set a balloon or residual which will reduce your monthly repayments and lower interest rates versus a personal loan thanks to the loan being secured against the vehicle itself. As a business, a car finance solutions may help you improve cash flow to your business, as well as the potential to claim tax deductions if the car is being used for business purposes (check with your accountant for eligibility).

What tax and GST can I expect to pay on a secured loan?

Please visit the ATO website or speak to your accountant to find out about claiming vehicle-related tax deductions.

Who should choose a car loan?

A car loan is a good option for someone who uses their vehicle mainly for personal purposes, but who does not have the option of salary packaging a car through a novated lease.