Affordable Car Loans for All Types of Vehicles
Drive Your Dream Car Sooner
Whether it’s a brand-new sedan, a reliable used car, or a commercial vehicle for your business, Mortgage World Australia has a financing solution for you. Enjoy competitive rates, flexible terms, and fast approval to get you behind the wheel quickly and hassle-free.
Options Tailored to Every Driver’s Needs
Find the Perfect Car Loan for You
Whether you’re buying your first car, upgrading to a family SUV, or seeking a reliable commercial vehicle, we have a loan to suit. Explore our range of car loan options, designed with flexibility and affordability in mind, to help you secure your dream car sooner.
Types of car loans
Whether you are purchasing a car for your own personal use, or it is being purchased for business use, we have numerous car loan solutions for you.
Chattel mortgage
Ideal for businesses, allowing you to own the vehicle while paying it off, with tax benefits to explore.
Commercial hire purchase
Gain eventual ownership of the vehicle after completing all payments, suited for companies and sole traders.
Finance lease
Lease vehicles for business use with the option to purchase at lease end, offering immediate use with minimal capital outlay.
New car loans
Secure competitive financing for brand-new vehicles, with tailored terms to meet personal or business needs.
Dealer purchases
Take advantage of dealership offers by financing your purchase directly, ensuring a smooth and hassle-free buying experience.
Self-employed car loans
Specialised loans designed for self-employed individuals, acknowledging varied income sources and providing flexible criteria.
Bad credit car loans
Solutions for those with less-than-perfect credit scores, offering a pathway to finance a vehicle when you need it most.
Novated leasing
An employee benefit that lets you lease a vehicle using pre-tax income, potentially lowering taxable income and saving money.
Chattel mortgage
Loan to purchase vehicle to be used predominantly for business purposes.
▪ Car will be owned in your name and the lender places a “mortgage” on it.
▪ If car is being used for business purposes you may be able to claim a tax deduction on interest charges and depreciation as well the GST on the purchase price as an Input Tax Credit on your BAS.
Commercial hire purchase
Finance company purchases car on your behalf and you “hire” it back for a fixed monthly fee.
▪ Car will be owned by the finance company. You take ownership once all payments, including the residual, are made.
▪ If car is being used for business purposes you may be able to claim a tax deduction on interest charges and depreciation as well the GST on the purchase price as an Input Tax Credit on your BAS.
Finance lease
Finance company purchases car on your behalf and leases it back to you for a fixed monthly fee.
▪ Car will be owned by the finance company. You may take ownership once all payments, including a residual, are made.
▪ If car is being used for business purposes you may be able to claim a tax deduction for the lease payments as well as claim an Input Tax Credit for the GST on each lease payment.
Novated lease
Three-way agreement between an employee, their employer and a finance company to purchase and finance a vehicle for the employees use.
▪ Employee agrees to “salary sacrifice” a portion of wage in return for the vehicle and all running costs.
▪ Can be tax-effective since a large portion of the ongoing payment comes from pre-tax income.
Consumer car loan
Consumer car loans (sometimes called secured car loans) are available with no deposit, and up to 7-year terms. Consumer car loans are designed for those wanting to purchase a vehicle for private use.
▪ Loan term up to 7 years
▪ Purchase a car without a deposit
Self employed car loan
For those that are self-employed there is, in fact, a range of products that may suit your circumstances and cash flow. However to qualify you must –
▪ Have a registered ABN.
▪ Be self employed and show tax returns for at least a 2 year period.
▪ Be able to demonstrate proof of income and ability to repay the loan based upon that income
Dealer purchase loans
Dealer financing is a type of loan that is originated by a retailer, provided to its customers and then sold to a third-party financial institution. Finance like this typically carries additional fees such as:
▪ Service and Administration costs billed either monthly or as a once off payment
▪ Loan establishment fees
▪ Documentation and facilitation costs
FAQs
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