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Automotive Finance

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Example interest rate

9.20 %

Comparison rate*

10.58 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The interest rate for this product is variable and subject to change. Any calculations made by you using this calculator is intended as a guide only.

Automotive Finance

Automotive finance is a way for consumers to purchase a car or other vehicles. It involves borrowing money from banks or lenders in order to pay for the car and then repaying that money over time. The terms of the loan can vary, depending on the amount being borrowed, the interest rate, and other factors.

Vehicle finance can be a great option for people who want to buy a car but don’t have the cash available upfront. It can also be more affordable than buying a car outright since you’re spreading the cost out over time. However, it’s important to carefully read through the terms of any automotive finance agreement before signing on the dotted line.

MONEYME offers a simple and quick automotive finance solution. We offer a fast application process without the need for paperwork, and you could have your loan approval in minutes. Plus, we offer competitive rates and repayment flexibility options.

If you’re looking to buy a new or used car, MONEYME can help you get started. Simply apply online for a car loan finance with us today, and we could approve your loan in minutes. Once approved, you can use the money to buy your dream car from any dealer in Australia, whether it’s a new or used vehicle.

What are the different types of automotive finance?

There are a few different types of automotive finance, each with its own benefits and drawbacks.


Leasing is a great option for those who want to drive a new car every few years. It also comes with some great perks, like lower monthly payments and no long-term commitment. So if you’re looking for a way to upgrade your ride without breaking the bank, leasing might be the way to go. However, with leasing, you will just be ‘borrowing’ a vehicle, which means you don’t have full ownership rights over it.

Hire purchase

Hire purchase is a type of automotive finance that allows you to spread the cost of a new car over an agreed period, usually between 12 and 60 months. You make regular payments towards the total cost of the vehicle, plus interest, until the agreement comes to an end. At this point, you own the car and can do with it as you wish.

Traditional loan

This allows you to pay for the entire cost of the vehicle upfront, so you own it outright and are free to sell or trade it at any time. The main drawback of this option is that monthly payments can be quite high, especially if you’re buying a more expensive car.

If you’re looking at financing options, auto finance by MONEYME is a great option. You’ll get access to competitive interest rates and flexible terms, so you can find the right loan for your budget and lifestyle. Plus, our team is here to guide you through the process and answer any questions you may have. 

So if you’re looking for a stress-free way for your new car finance, apply at MONEYME. We will make sure the entire process is easy and seamless.

How are the charges calculated for automotive finance?

When you take out a car loan, the lender charges interest on the money you borrow. This interest is calculated as a percentage of the total amount you borrow. The interest rate will be based on a number of factors, including your credit score and the type of car you’re buying. Your repayments may also vary depending on the size of your loan and the length of time you take to pay it off.

The charges for automotive finance can vary significantly from one lender to another. It’s important to compare interest rates and terms before you agree to a loan. Be sure to ask about any fees or penalties that may apply if you miss a payment or pay off your loan early. You’ll need to factor these into your overall costs when deciding which car finance deals are right for you.

With MONEYME, you will be assured of a simple and straightforward online application process. This means you could have your personal car loan, which ranges from $5,000 to $50,000, approved in minutes, giving you access to the funds you need to buy a new or used car. We offer competitive interest rates on our loans. Plus, there are no hidden fees or penalties for making additional repayments or paying off your loan early.

So if you’re looking for affordable financing to purchase your next car, apply for automotive finance with MONEYME today!

How to apply for automotive finance?

Applying for automotive finance with MONEYME is quick and easy. Simply fill out our secure online application form, which only takes a few minutes to complete. Once submitted, your application will be assessed by our technology. After a successful application, you can receive approval in as little as 60 minutes!

There’s no application fee. Plus, our variable-rate finance means you’ll know exactly what you’re paying each month. To be eligible for finance from MONEYME, you must be at least 18 years of age, currently employed, and a permanent resident in Australia. 

When you buy a car on finance through MONEYME, we’ll work hard to get you the best possible interest rates on your loan. We understand that a new car is a big investment, and we want to help you make it as affordable as possible. That’s why we offer car loans from $5,000 to $50,000, so no matter what type of car you’re looking for, we can help. Whether you’re buying new or used, we will do everything we can to get you the best deal possible. 

So apply today and let us help you get behind the wheel of your dream car!

Our customers

Automotive Finance

Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.

Simple process, easy to follow application, quick response time and good support.

I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.


Review Stars Out of 2,701 reviews

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Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

$395 for loans between $5,000 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


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