Compare Holden car loan options
Originally founded in South Australia as a saddle maker in 1856, Holden is now an Australian automobile importer and former automobile manufacturer.
Holden previously manufactured cars in Port Melbourne, Victoria, making Australia one of a few countries that built cars from scratch. Their first car, the Holden 48-215, was a family sedan: robust, safe and cost-effective.
Holden officially stopped producing cars in 2017, marking the end of an era and a shift in economic values in Australia.
About Holden cars
Holden, still an Aussie icon, now solely imports vehicles while selling the remaining Australia-born Commodore stock.
Holden is owned by General Motors, manufacturers of Buick, Cadillac, Chevrolet and GMC. They import cars from Korea, Europe, Thailand and the US.
Holden cars include:
- Holden Commodore LT ($33,690), 9-speed automatic liftback with turbo direct engine
- Holden Colarado LS ($31,690), 6-speed automatic SUV with diesel engine
- Holden Cascada ($42,990), 6-speed automatic 2D convertible with turbo MPI engine
- Holden Captiva ($26,490), 6-speed manual SUV with multi-point fuel engine
- Holden Calais ($40,990), 9-speed automatic with turbo direct engine and power-assisted steering
- Holden Barina ($14,990), 5-speed manual 5D hatchback with 6,000 RPM and turbo direct engine
- Holden Astra ($20,490), 6-speed manual 4D sedan with 6,500 RPM and turbo direct engine
- Holden Trax ($23,990), 5-speed manual SUV crossover and 1.8-litre engine
Holden offers cars that would suit almost any buyer at a range of prices.
Their manufacturing roots are firmly in the durable, family-friendly model, and their offering reflects this history, selling wagons and utes, sedans and luxury sedans, SUVs and convertibles.
Holden offers badge-engineered models in sharing arrangements with Isuzu, Chevrolet, Suzuki, Toyota, Opel, Nissan and Vauxhall.
For much of the post-war period, Holden led the market. But since losing the locally made Commodore, Holden’s market-share dropped to 4.9 per cent in 2018, compared to a peak of 21.6 per cent in 2002.
However, they have said that they have the “strongest product line-up ever” and expect to “bounce back quickly”.
How can I get a Holden car loan?
Holden offers in-house financing. However, car dealership finance is often offered at higher interest rates and fees than other car financing options.
It is always advisable to shop around. You can:
- Speak to a broker:
- Car brokers are experts in vehicle finance, and it is in their interest to try to find you a good deal on your loan
- Use a comparison website:
- Go direct:
- Approach a lender directly
Make sure that you meet all the criteria before submitting an application. Loan rejections can negatively affect your credit score.
Car loans are often secured loans; this means that if you default on your repayments, the lender could repossess your car to pay off your debt.
How much does a Holden car loan cost?
Here are the approximate running costs for three different Holden models, based on RACQ category averages:
|Model||Category||Cents/km||Average $ per week|
|Holden Astra||5dr Hatch||52.25||$150.73|
|Holden Commodore||Turbo 9sp Auto 5dr Liftback||77.62||$223.91|
|Holden Trax||Turbo 6sp Auto 4dr Wagon||58.57||$168.96|
Here’s how much a five-year loan will cost for three different Holden models if you borrow 100 per cent of the purchase price over five years:
|Model||Price/loan||Total repayments at 6%||Total repayments at 8%||Total repayments at 10%|