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Car Loan

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I want to borrow

Loan Term

years

Repayment Frequency

Car Loan Pros and Cons

Pros:
  • Can apply online
  • Can apply in branch
  • Available for 457 visa holders
  • Suitable for both new or used car
Cons:
  • Monthly fee charged
  • Application fee charged
  • Requires security to be held
  • Has ongoing fees

Westpac Car Loan Fees and Features

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Upfront Fee
Upfront Fee
$250
Early Exit Penalty Fee
Early Exit Penalty Fee
$175 during first 2 years
Borrowing range
Borrowing range
$10k - $100k
Total Repayments
Total Repayments
$36,900
Missed Payment Penalty
Missed Payment Penalty
$9
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Upfront Fee
Upfront Fee
$250
Early Exit Penalty Fee
Early Exit Penalty Fee
$175 during first 2 years
Borrowing range
Borrowing range
$10k - $100k
Total Repayments
Total Repayments
$36,900
Missed Payment Penalty
Missed Payment Penalty
$9
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments

FAQs

Student car loans are not a necessarily a product in and of themselves, but what you may be looking for is a guarantor car loan.

A guarantor car loan has a third-party act as a form of guarantee for your loan application, telling the bank or lender that if you default on your loan, someone will pay the loan repayments.

Going guarantor on a car loan is no new thing, and before internet-based credit scores, guarantor car loan applicants would apply for loans with a guarantor or property owner who could vouch for the person borrowing the loan.

To get a guarantor car loan, you’ll need someone willing to act as a guarantor for your car loan.

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