Whether or not you'll need to pay exit fees from your existing lender will vary by lender and will depend on your current loan agreement. Some lenders impose prepayment penalties for early loan payoff, including refinancing so it's crucial to review your agreement for any potential fees before moving forward with refinancing.
About Car Loan Refinance
Stratton Finance understands that life is ever-changing, and sometimes, this means seeking new ways to manage your existing car loan repayments or exploring more favourable terms. Refinancing a car loan involves replacing your current financial commitment with a fresh one under different conditions. This process is made easy at Stratton thanks to our team of experienced brokers who are well-versed in exploring options from our panel of 40+ lenders.
Our expert brokers understand that every customer has unique requirements. That’s why we offer a wide range of car finance options tailored to meet your needs and budget
Try our simple car loan calculator to estimate your finance repayments or use our quoting tool to explore a range of rates and repayment options from our panel of lenders.
Stratton Finance offers flexible refinancing options to suit your changing financial needs. We can attempt to find loan terms that have lower interest rates, fees and charges, and/or repayments, so to provide you with options as your situation evolves. With access to over 40 lenders across Australia, we present the best refinancing options available that suit you. Our brokers guide you through the refinancing process, from understanding what can fit you based on your personal details like work history, income and expenses, to present options tailored to your budget and financial goals.
Discover potential car loan refinance options by exploring our services today. Refinance your car loan with Stratton Finance!
Am I Eligible?
Eligibility for a refinance car loan depends on your circumstances and the criteria set by each lender. At Stratton Finance, we leverage our vast network of 40+ lenders who offer flexible terms and tailored options. Your dedicated broker will carefully assess your situation to find the best finance rate and repayment solutions suited to your needs. Some of the eligibility factors considered are:
● Loan-to-Value Ratio (LTV)
● Your property status – Do you own or rent your property?
● Your employment status – Whether you are an employee or run your own business
● How long you have been in your job or held your ABN
● Your credit history: We perform these checks on your behalf
● Your residency status
● Your previous finance history
● Your assets, liabilities, expenses and savings
Benefits of Car Loan Refinancing with Stratton
Anytime, Anywhere, Anyhow
Whether you prefer to speak with one of our dedicated local team members or apply online, Stratton Finance gives you the flexibility to choose how you navigate your car finance application process.
Financial Flexibility
Our lenders offer a wide range of flexible options, including no early termination fees, variable loan terms, and the ability to add a residual/ balloon payment.
Lifetime Support
We’re here for you throughout the life of your loan. Whether you need help figuring out how much you owe, changing your details, or assessing your changeover options, Stratton Finance is by your side.
Why Choose Stratton For Car Finance?
Award-Winning Brokers
Best Car Loans by ProductReview 2021–2024 and Best Large-Size Brokerage by WeMoney 2023 & 2024!
We Have Unmatched Experience
With over 25 years of experience helping more than 150,000 people access $8 billion in finance, we have the knowledge you need.
Real People Delivering Exceptional Service
With a 4.8 out of 5 customer rating, we are focused on providing outstanding service to keep you informed at every step, ensuring the best outcome for you.
Vehicle Finance Options
We can assist with finance for a variety of vehicles
Don’t take our word for it!
Our reputation precedes us. See why our customers rate us so highly!
Award-Winning Leaders in Asset Finance
Our success is driven by a strong commitment to exceptional service and customer satisfaction.
Our Lenders
We have done the hard work building relationships with lenders so you get the best rates! Some of the lenders on our curated panel include:
Our Process: Simple and Transparent Car Finance
From start to finish, we’re with you every step of the way, helping you get the keys in your hands!
How it all works
Understanding Your Needs
We don’t treat you like just another number. Our brokers take the time to understand your specific needs to find the best car finance options from our panel of over 40 lenders.
Apply for the Right Deal
Once you are happy with an option that fits for you, your broker will take you through the application. Approvals can occur within 24 to 48 hours.
Get the Keys or Funds in Your Hands
If approved, we guide you through the settlement process to finalise the paperwork and payment. Once everything is settled, you’re ready to pick up your new car and hit the road with confidence.
Providing Ongoing Support
Stratton Finance supports you throughout the life of your loan, ensuring you always have the assistance you need.
Frequently Asked Questions About Car Loan Refinancing
When refinancing your car loan, there are often options to adjust the loan term. However, since each lender has different policies, it's important to review the specific terms with them. A broker can help guide you through this process.
You can look to refinance your car loan anytime, but it's best to consult a Stratton Finance broker to determine if it could be the right time for you. Factors like the car's value, outstanding loan amount, loan terms, current interest rates, market conditions, and your personal circumstances all play a role in the decision to refinance.