Your dreams could be closer than you think
As your personal finance brokers, Money Now can help you arrange finance that aligns with what you can afford. Whether you’re buying for personal or commercial use, brand new or second hand, we make it easy. You can use our Loan Repayments Calculator to help you get an idea of the cost and repayments.
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What’s a Secured Car Loan? Under a secured car loan, the lender retains the rights to your vehicle if you stop making payments. It’s one of the most common loans used to buy cars in Australia. You must maintain comprehensive insurance during the life of the loan.
With a secured loan, once the final payment is made, and you have met all the conditions of the loan, the lender’s rights to repossess are removed giving you clear title and full ownership.