Yes, you can finance a used car through a personal car loan. This option may offer flexibility in terms of repayment and loan amounts. However, it’s essential to compare rates and terms to ensure it meets your financial needs.
About Personal Car Finance
At Stratton Finance, we specialise in financing solutions tailored for personal use vehicles. This means we help you secure funding for cars you plan to use for everyday activities, like commuting, running errands, or enjoying family outings. Whether you’re in the market for a new or used car, our brokers are dedicated to helping you find the right finance package.
At Stratton, we understand that every customer has unique requirements, which is why we connect you with a diverse panel of over 40 lenders. This extensive range of options ensures we can assist you in finding financing that aligns with your budget and goals. With a personal car loan, you can benefit from flexible repayment terms and competitive rates through our vast lender network.
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.
Our personal car finance options are flexible, allowing you to find the right package whether you’re purchasing a new or used car. With us, you can access financing that doesn’t always require securing a loan against a vehicle, which can simplify the approval process.
When you partner with Stratton, you'll be assigned a dedicated broker who acts as your primary point of contact. Your broker will expertly guide you through each step of the car loan process, ensuring a seamless journey from inquiry to approval.
Not only do we help you secure a personal car finance package that suits your situation, but we can also offer a comprehensive car insurance solution for your purchase.
Secure your personal car finance with Stratton today and experience a seamless, rewarding process that puts the keys in your hands.
Am I Eligible?
Eligibility for personal car finance depends on several factors, including your individual circumstances and the criteria established by each lender. By working with Stratton, you gain access to a wide panel of lenders, each offering flexible terms designed to fit your situation. Your dedicated broker will work closely with you to help secure competitive rates and repayment options that suit your needs. Key eligibility requirements include:
● 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 Personal Car Finance 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 Personal Car Finance
Yes, many lenders allow early repayment of a personal car loan, often with no or low penalties. However, it’s important to check your loan agreement for specific conditions and fees, as these can vary by lender. Your broker is the best person to help you navigate these details and ensure you make the most informed decision.
The amount of car finance you can borrow depends on several factors, including your income, credit history, existing debts, and the vehicle’s value. Lenders assess your repayment ability by reviewing your finances and setting limits based on a percentage of the car’s value. Use our serviceability calculator to estimate borrowing potential or visit our quote tool for a range of rates and repayments. To speak with an Australian-based broker, request a callback or call 1300 787 288.