Car loans for Isuzu vehicles

Isuzu is a Japanese automotive manufacturer, known in Australia for its trucks and commercial vehicles. Having had a presence in Australia since 1972, Isuzu also sells utes and SUVs for work or personal use.

In Australia, Isuzu trucks are sold under the name Isuzu Australia, and utes and SUVs under the name Isuzu UTE Australia - a separate company to the manufacturer.

Isuzu was first founded in Japan in 1916, its name translating to “fifty bells” in reference to the Isuzu River that flows near the Ise Grand Shrine.

Isuzu Australia Limited is a wholly Australian-owned subsidiary of Isuzu Motors Limited (Japan).

Isuzu UTE Australia is a wholly owned subsidiary of the Mitsubishi Corporation, with which Isuzu Motors Limited (Japan) has extensive business arrangements.

Mitsubishi is Isuzu’s largest shareholder, with Toyota also reportedly owning shares in the business.

Isuzu customers, from tradies to families, can choose between Isuzu’s two main domestic models:

• The D-MAX ute, and;
• The MU-X SUV.

Variations exist for each of these models, depending on whether you’re looking for two-wheel or four-wheel drive, a crew cab, a cab chassis, or other options.

Isuzu Australia also sells several ranges of trucks for commercial use, including:

• N-Series light duty trucks;
• F-Series medium duty trucks;
• FX-Series heavy duty trucks, and;
• FY-Series heavy duty trucks.

Because of the significant differences between the design and use of Isuzu’s domestic vehicles and commercial trucks, they also have very different price points.

According to carsguide.com.au, at the time of writing Isuzu’s domestic vehicles were selling in the following price ranges:

• Isuzu D-MAX: $32,200 to $67,500
• Isuzu MU-X: $48,900 to $67,400

Isuzu’s commercial trucks tend to command higher price tags on average, considering their size and commercial focus. According to carsguide.com.au, at the time of writing these range from $55,676 for an Isuzu NLR to $293,131 for an Isuzu FYX.

Remember that you’ll need to budget for more than just your Isuzu’s purchase price when you make your purchase. Registration, insurance, fuel and servicing costs can all add up, so you may want to make sure you have room in your budget before you start comparing car loans. 

It is possible to get finance to buy an Isuzu ute, SUV or truck, however many standard car loans offered by banks and similar lenders aren’t intended for commercial vehicles. For larger Isuzu trucks, you may need to look specifically into commercial vehicle finance options, which could include a hire purchase, chattel mortgage, or novated lease.

For Isuzu domestic vehicles, such as the D-MAX ute and MU-X SUV, you may be able to apply for car finance from the dealer, or you could compare car loans to work out which other options may best suit your financial situation and personal goals.

If you use a secured car loan to buy an Isuzu, the value of the vehicle you’re buying will be used to guarantee the loan, which may help you enjoy a lower interest rate. However, you risk losing your car if you don’t keep up with the repayments. Alternatively, you could opt for an unsecured car loan, which doesn’t require you to provide security, though you may need to pay a higher interest rate. 

It may be easier to get a secured car loan approved when buying a new car, as a newer vehicle may retain its value for longer and be at a lower risk of being written off. While used cars often have lower price tags, the wear and tear they experience over time puts them at higher risk of breaking down, so you may not be eligible for a secured car loan.

Your credit score may also affect your car loan application. If you have a good credit history, such as if you’ve successfully borrowed and consistently repaid money on time in the past, your credit score may help you be approved for a car loan with a lower interest rate. But if you’ve missed repayments in the past, you may have a bad credit score, which could make it harder to see a car loan application successfully approved. Taking steps to improve your credit score could be worth considering before you apply for a car loan. 

If you’re not sure whether you can afford an Isuzu truck, ute or SUV, you can use a car loan calculator to estimate not only your repayments, but the total cost of the loan over the long term. Once you’ve made some calculations, and you’ve compared the available car loan options, you can contact the lender online or by phone to apply, and take the next step towards owning your Isuzu.