Buying from a dealer
Discuss the vehicle and an itemised dealer quote alongside your finance request.
Keep in mind: Check the total drive-away price, optional extras and sale conditions separately.
Explore this option →Car · A CLEARER STARTING POINT
Car Loan Refinance
Review your car loan against what matters now: repayments, remaining cost, timing or an upcoming balloon.
Explore the information first. Our team can help you understand the next step.
Your initial profile review won’t affect your credit score.
How credit checks work
The initial review does not involve a hard credit enquiry. If you choose to proceed, a formal credit application may involve a hard enquiry, which can affect your credit score.
YOUR CAR. YOUR STARTING LINE.
Where are you in your car journey?
Pick your stage for a practical checklist and a useful next step.
Plan the car around your budget.
Build a comfortable purchase budget before narrowing your search. We can explain the finance process and the information needed to explore your options.
- Allow for the purchase price, registration, insurance and ongoing running costs.
- Consider your deposit or trade-in and a repayment that fits your budget.
- Tell us whether the vehicle is for personal, business or rideshare use.
- Discuss the next steps before committing to a purchase.
THE ESSENTIALS
Your finance essentials.
Refinancing replaces an existing car loan if a new facility is approved and settled. Compare the remaining cost of keeping the current loan with the total cost of the replacement, including payouts, fees and any new term or balloon. A lower repayment alone is not evidence of a saving.
- Purpose
- Reviewing an existing vehicle loan or an upcoming final balloon.
- How it works
- Compare your current payout and remaining repayments with the full cost and term of a proposed replacement.
- Security to understand
- Vehicle loans may use the vehicle as security. Ask what is secured and what can happen if repayments are missed.
- Costs to compare
- Compare the interest rate, applicable comparison rate, fees, term and total repayments. Ask about early payout charges.
A LITTLE MORE CLARITY
Your purchase path makes a difference.
These explanations help you understand the differences. They do not select a product for you.
Explore related funding structures
Buying privately
A private purchase needs seller, vehicle and payment arrangements reviewed.
Keep in mind: Confirm the seller, vehicle condition and registered security interests before paying.
Explore this option →A vehicle for business
Explain the actual intended business and personal use.
Keep in mind: Holding an ABN does not by itself determine the finance structure or approval.
Explore this option →A situation you might recognise
ILLUSTRATIVE EXAMPLE
Your car loan has a final payment approaching and you want to discuss options before its due date.
The team would discuss the purpose, information available, costs and repayment obligations before any next step. This illustration is not a client story, offer or approval.
Before you decide
A lower regular repayment is not necessarily a saving. Refinance and a future balloon refinance are not guaranteed.
ASIC Moneysmart: car loans ↗GETTING READYA little preparation.
A little preparation.
A better conversation.
You don’t need to have every answer before contacting us. Start with your goal and our team will explain what information is needed.
For this particular request
- Current statement, dated payout and remaining loan term.
- Existing repayment, rate, fees and any balloon balance and due date.
- Vehicle details, current kilometres and intended use.
- What you want to change and a comparison of costs over the proposed new term.
If you are employed
- Recent payslips and the details of your employment.
- Income statements and evidence of regular commitments, as requested.
If you work for yourself
- Available tax returns, accounts, BAS or business statements.
- How you pay yourself, seasonal changes and existing commitments.
Self-employed consumer finance: accountant’s letter option
Self-employed and applying for a car for personal use, a personal loan or another eligible consumer purpose? If your last two years of tax returns are not yet complete, an accountant’s letter may be accepted as the income document for eligible finance options.
Ask our team about an accountant-letter-only income verification option. Identification and other standard application information may still be required. Availability is subject to product criteria, assessment and approval.
These are conversation checklists, not the final application requirements. Our team will confirm the relevant records and periods.
What should I tell the team?
Your goal, preferred timing, and any circumstances you would like us to understand. Share sensitive documents only through a verified, approved process.
NO GUESSWORK REQUIRED.
Your questions, welcome.
What is a fair comparison between my old loan and a refinance?
Compare the cost remaining on the current loan with all repayments and fees on the proposed replacement. Include any payout charge and balloon. Show the effect of a longer term separately so a lower repayment is not mistaken for a lower total cost.
How should I plan for a final balloon payment?
A balloon leaves a lump sum due at the end of the loan. It can reduce regular repayments while leaving more debt outstanding during the term. Plan how you would pay it; refinancing or sale proceeds are not guaranteed to cover the amount.
What do you need to review my current car loan?
Have a recent statement, current repayment, remaining term and a payout quote if available. Include any balloon payment and the vehicle details.
Will refinancing reduce the total cost?
A lower regular repayment can come from extending the term. Review interest, fees, payout charges and the total amount payable before deciding.
What if I have a balloon payment coming up?
Tell us the amount and due date. A balloon is a final lump sum; refinancing it is subject to assessment and should not be assumed.
What rate and fees would apply to me?
These depend on the product and your individual assessment. Ask for the rate, fees, repayment schedule and total cost in the proposed terms before deciding.
Can I start with a quick question?
Yes. Choose the short enquiry to share your goal and contact details, or take the full application path if you have more time. The team can clarify what is needed next.
Still wondering about something?
Share a little about your plans, or complete the full application if you’re ready.
Choose how to get started →