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Buy a Car on Finance

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Monthly repayment from


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.

Buy a Car on Finance

If you’re looking to buy a car on finance, why not work with a trusted lender that offers competitive and fast car loans service? Finance your new vehicle today with MONEYME’s online financing services!

MONEYME is a premier Australian digital lending company that specialises in helping you apply for car finance. We offer a variety of services – from offering unsecured car loans to managing your car instalment. With instant approval and a quick process of assessing your car loan eligibility, we offer a service faster and more efficiently than a regular bank or car finance company.

Apply with MONEYME today and find out if you qualify for a loan quote value of up to $50,000 in helping you buy a car on finance today! The best thing about our easy car finance service is that we integrate technology into our platform so you can experience a modern and seamless process from repayment to approval.

Are you ready to experience something truly great? To gain some more information about how MONEYME can help you finance vehicles, please visit our website or download our mobile application.

What factors should I consider when buying a car on finance?

When you decide to buy a car on finance, several factors can affect the pricing and overall cost of the auto loan. From deciding between monthly and fortnightly terms, to whether you’re willing to use some of the initial savings you have, here is a guide to the things you should consider:

Your monthly income

One of the most important conditions you have to account for before choosing to buy a car on finance is your monthly income, especially if you’re buying a new car. Payments can cost a lot, and if you’re not sure if you can handle those monthly fees and charges, it can be a potential problem area over time.

Before you head down to the dealership and apply for car finance, do consider how much you can realistically set aside for your car each month (you can opt to use a loans calculator online to help you out), in addition to other costs, such as routine maintenance, insurance, and even potential repairs. 

Your credit score

Many businesses and banks heavily consider your credit score before approving funding for you to buy a car on finance. Having a solid credit score can make you eligible for lower interest rates and more flexibility when it comes to making payments, which can save you hundreds or thousands of dollars.

It’s worth noting that if you don’t have a good credit score or don’t have credit in the first place, you may be recommended to take up a longer financing term by the dealership salespeople. While you may think that there are a lot of benefits to this, you’re getting a less quality return on your investment as you’ll be paying significantly more interest over the term.

Your financing options

We generally advise our customers to compare rates from your bank and credit union to other lenders to see who offers the best option for you to buy a car on finance. Another thing to consider is the overall process it takes to apply for auto car finance, as there may be additional documents or waiting periods you’ll have to consider.

Banks and credit unions may also require asset insurance, which allows you to gain access to lower interest rates at the cost of potentially losing your vehicle when you fail to make consistent and timely repayments. Do weigh each option’s pros and cons thoroughly before you decide to borrow.

What are the benefits of buying a car on finance?

When you buy a car on finance rather than completely paying for it with your cash savings, you can gain the following benefits:

  • A wider range of payment services. There is a wide choice of loan providers from banks and building societies to peer-to-peer lenders and specialist car loan companies, some (like MONEYME) of which offer extremely competitive rates and fast processing times. 
  • Buy any type of car you want. You can use a personal loan to buy from private sellers or companies, unlike being limited to dealerships. This allows you to have a wider range of options for which vehicle you can take home. You can even buy a refurbished or used car!
  • Combine your savings and loan. You can choose to pay part in cash for your car and cover the rest with a loan, which can allow you to save money and get the car you need faster than completely paying it off in one payment.
  • Complete car ownership. You own the car from day one and are free to modify it, drive unlimited miles, or sell it. Other financing options place limits on what you can do with the car, and some don’t even give you ownership until you’ve completely paid off the payment terms.

How to buy a car on finance?

If you want to buy a car on finance, there’s no other service like MONEYME. We offer you the ability to completely own your car as well as the benefits of the additional services and features we provide our customers.

With some of the most competitive rates on the market and our commitment to responsible lending, MONEYME is especially great for those who want to have a seamless and straightforward way to get the funding we need. You can begin your application with us and buy a car on finance by visiting our website and pressing ‘Apply Now’.

Our overall car loans application process simply requires some information about the loan you wish to pursue as well as some information about yourself. After this step, you can also sign in to your bank of choice through our secure portal, which allows us to instantly verify your data to get you the fast approval you deserve.

Buy a car on finance today with MONEYME, Australia’s #1 digital lending platform.

Our customers

Buy a Car on 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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