Your credit score plays a crucial role in determining your loan eligibility. A higher score can lead to better interest rates and terms, while a lower score may limit your options. Understanding credit scores can be complex, so it's a good idea to consult with a Stratton Finance broker. They can help review your credit report and suggest ways to improve your chances of approval.
About Unsecured Car Finance
At Stratton Finance, we specialise in providing unsecured car finance solutions for those who prefer not to use their vehicle or any other asset as collateral. This option allows you to choose financing without the need for security. Whether you're purchasing a new or used car, our Australian-based brokers are here to help you find the right finance package tailored to you.
Our brokers recognise that every customer has unique requirements, which is why we review our panel of over 40 lenders against your situation. This allows Stratton to provide a range of options to help you find financing that fits your budget and goals. With an unsecured car loan, you can enjoy flexible loan terms with the reassurance that comes from working with Stratton - an Australian-based broker with more than 25 years experience.
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.
Opting for unsecured finance means you won't need to provide collateral, which can lead to a quicker and less stressful approval process—ideal for those without assets or who prefer not to use them as security. This option is especially beneficial for purchasing older vehicles that may not qualify for a secured loan or may attract higher interest rates and repayments through a secured car loan. Additionally, you can access extra funds to cover costs such as registration, insurance, and other on-road expenses.
When you choose Stratton for unsecured car finance, you’re partnering with experienced finance brokers who prioritise finding the right solution for you. Our team is dedicated to guiding you through each step of the unsecured finance process, ensuring a smooth journey from your first inquiry to driving off in your vehicle.
Beyond finding your unsecured car finance, we also offer comprehensive insurance solutions to protect your investment, giving you peace of mind for the road ahead.
Start your unsecured car finance journey with Stratton today and experience a straightforward, tailored process that gets the keys in your hands!
Am I Eligible?
Eligibility for unsecured car finance depends on your circumstances and each lender's criteria. Partnering with Stratton gives you access to a broad network of lenders with flexible terms. Your dedicated broker will help you understand your options and secure the best rates and repayment plans tailored to your needs. Examples of assessed criteria 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 Unsecured 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 Unsecured Car Finance
Yes, it is possible to refinance your existing car loan with an unsecured finance option if you meet the lender's eligibility criteria. This can help you consolidate debt or secure better repayment terms. However, be sure to check for any fees or penalties linked to your current loan before proceeding.
For details on claiming vehicle related tax deductions, it's best to check the Australian Taxation Office (ATO) website or consult with your accountant for personalised advice. They'll provide the most accurate and up-to-date information tailored to your circumstances.
The amount you can borrow for unsecured car finance depends on your income, credit history, existing debts, and the vehicle's value. Lenders assess your financial situation and usually set borrowing limits based on a percentage of the car's worth. To get an estimate of your borrowing capacity, you can use our serviceability calculator.