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Car Loan

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I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • Features a low rate
  • No early exit penalty
  • Can apply online
  • Suitable for both new or used car
Cons:
  • Monthly fee charged
  • Application fee charged
  • Requires security to be held
  • Cannot apply in branch
  • Has ongoing fees

Stratton Fees and Features

New Car
New Car
Used Car
Used Car
Upfront Fee
Upfront Fee
$457
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Borrowing range
Borrowing range
$7.5k - $150k
Total Repayments
Total Repayments
$34,260
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
New Car
New Car
Used Car
Used Car
Upfront Fee
Upfront Fee
$457
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Borrowing range
Borrowing range
$7.5k - $150k
Total Repayments
Total Repayments
$34,260
Missed Payment Penalty
Missed Payment Penalty
$0
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Other Benefits
Utilise multiple lenders to get the best deal for you. Dedicated consultant. We do all the legwork to save you time.
Other Restrictions
Must have held a good credit history for the past five years, have not been declared bankrupt in the past seven years, must own property, be over 18 years and be an Australian Resident.

Stratton Finance is a car loan broker, connecting Australians to car loans from a variety of different lenders. As part of the Carsales network, Stratton offers car loans that can be used to purchase of many different types of vehicles, including new and used cars. Stratton Finance can connect you with a dedicated finance consultant to support you at each step of your journey, helping you to save time and effort.

FAQs

A bad credit car loan is a car loan for borrowers who have ‘bad credit’ or a bad credit history.

Some lenders refuse to offer bad credit car loans, because they believe there is an excessive risk that bad credit borrowers will not repay their loans. However, other lenders are willing to provide bad credit car loans.

Generally, these lenders charge higher interest rates for bad credit car loans than ‘prime’ car loans, reflecting the higher level of risk. Bad credit car loans may also have higher fees than prime car loans.

However, the big advantage of a bad credit car loan is that it allows borrowers with bad credit to access finance. Another advantage is that it could help bad credit borrowers improve their credit rating, assuming they make all their repayments on time.

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