Don’t know much about secured car loans Australia? A secured car loan is essentially the same as a house mortgage, but for vehicles. A lender purchases a car on your behalf, which they use as security for the loan, which is often referred to as a secured low rate car loan. You then make repayments for the length of the loan term. Upon completion of all repayments, full ownership of the vehicle is yours!
There’s also considerable flexibility with your secured low rate car loan. The loan term can be tailored to meet your needs (especially with Barling Finance’s ability to access many different lenders).
The fixed interest rate is an attractive feature of any secured low rate car loan. Knowing there will be no changes to your repayments during the term of your loan makes budgeting easy. Because we offer access to a diverse range of secured car loans Australia, you can choose one that best suits your budget and pay cycle.
Eligibility differs for the various available secured car loans. Australia has a number of lenders offering great car loan products and at Barling Finance, we can help you compare, save money and find the loan that suits your needs, budget and lifestyle. Eligibility for specific loans might depend on the age of the car, whether you’re refinancing an existing secured loan and whether you are purchasing the car privately or from a dealer. Depending on factors such as the loan amount and the car itself, you can choose to spread repayments over several years.