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Best Way to Get a Car Loan

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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.

Best Way to Get a Car Loan

Shopping for the right car is just as important as finding out the best way to get a car loan. As there are a variety of options when it comes to hunting for the best car loans that will fit your needs, you should do your homework before making a purchase. Plenty of factors such as your budget, credit score, securing a pre-approval, and the type of lender will help you compare the many offers on your plate.

However, getting a pre-approval is proven to be the most crucial factor that will help you convince the lender to grant you a car loan. Pre-approval means you are granted a loan of up to a particular amount at an identified rate for a specific period. This means that you have already passed the verification process of a lender, which arrived at a pre-approval offer. 

If you are not sure how to find the best way to get a car loan, MONEYME can help. Just give us a call and a bunch of bright, professional humans are waiting on the other end of the phone. With a usual waiting time of only eight seconds, we can effectively guide you through your car loan journey.

Do car loans impact your credit score? 

When you’re planning to shop for a car through auto financing, expect that some lenders will perform a hard pull to your credit. However, a single hard inquiry usually drops your credit score by just small points, so the overall is expected to only make a minimal impact on your credit score too.

Meanwhile, making on-time payments on your previous car loans will help you establish a good credit score and can be also considered the best way to get a car loan. Typically, your score will increase as it satisfies all of the factors that contribute to a credit score, adding to your payment history, amounts owed, length of credit history, new credit, and credit mix. 

As one of the leading online lenders in Australia, MONEYME is definitely your best way to get a car loan. Making a payment with your chosen car has never been this easy with convenience, honesty, and transparency at the heart of our business ethics. As we offer unsecured loans, you only need to present documents that support your identification like a driver’s licence and evidence of residential address and status; financial information including proofs of assets and liabilities, evidence of income; and the car’s information like purchase price, registration number and VIN, and the car insurance policy.

If you need swift access to a line of credit for vehicle finance, we can provide you with one. The Freestyle Virtual Credit Card at MONEYME offers attractive benefits that include flexibility, competitive rates, and reusable quick loans.

How long does it take to get a car loan?

In most cases with traditional lenders, the car loan approval process can typically take up to two days before you receive the approval, or even up to four days to a week for some. This depends largely on the availability of the documents required in granting the loan, which include proof of your credit history, income, identity verification, and other related information. 

Unfortunately, having less-than-ideal credit may mean you need to wait a bit longer, as a lender may ask for additional documentation.

Generally, lenders are looking for proof that you are a good credit risk and you are fully eligible for a car loan. The process could be long and tedious.

If you want a fast, convenient, and best way to get a car loan, MONEYME has you covered. We do not require face-to-face interactions and can guarantee you approval within a day. As one of the leading online money lenders with an Australian Credit Licence, MONEYME allows you to enjoy our AI-based loan management platform that does all the hard work in a matter of seconds. This is our key to giving accurate outcomes for your loan applications that are perfectly suitable to your financial circumstances.

What is the best way to get a car loan?

Before you go car shopping, always remember to discover the best way to get a car loan. For some car buyers, getting pre-approved for an auto loan, whether a used car loan or a new car loan, is the best way to get a car loan as it can put you in a stronger negotiating position and helps you win the best interest rate suited for your financial situation.

Getting a pre-approved car loan can be an easy process once you have already prepared the application documents you need and have healthy credit. If you’re looking for an alternative, the next best way to get a car loan is by having a good or excellent credit score as it boosts lenders’ confidence and also showcases your capability to make repayments on time. 

When choosing the best lender for your car loan, there is no better option than MONEYME. We offer the fastest online application and results of approvals within a day. Additionally, we offer flexible repayments with no early-exit fees and a loan amount of up to $50,000. 

From personal loans to lines of credit, getting car finance is never a problem with MONEYME. Apply with us today!

Our customers

Best Way to Get a Car Loan

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.


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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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Won’t impact your credit score!
Won't impact your credit score!

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