Comprehensive Guide to Car Loans

At MoreMore Finance, we specialise in helping Australians secure affordable and flexible car loans — whether you're buying a personal vehicle or financing a fleet for your business. With competitive rates, fast approvals, and tailored solutions, we make car financing simple.

Why Choose a Car Loan?

A car loan uses the vehicle as collateral, reducing lender risk and allowing for lower interest rates compared to unsecured loans. This means:

✔ Better affordability – Interest rates from 5.5% p.a. (depending on credit profile).

✔ Higher loan amounts – Borrow up to $500,000+ for new, used, or imported cars.

✔ Flexible repayment terms – Choose loan terms from 1 to 7 years, with or without balloons.

✔ Tax benefits for businesses – Claim GST, depreciation, and interest deductions.

Types of Secured Car Loans Offered by MoreMore Finance

1. Personal Secured Car Loans

Ideal for individuals buying a car for personal use:

Loan terms – 1 to 7 years.

Vehicle types – New, used (under 10 years old), and even imports (case-by-case approval).

2. Business & Company Car Loans

Perfect for businesses needing vehicles for operations:

Chattel Mortgage – Own the car, claim GST upfront, and deduct depreciation.

Finance Lease – Flexible payments with potential tax deductions.

Novated Lease – Salary packaging for employees (tax-efficient solution).

(*Approval times subject to application completeness.)

How to Apply for a Secured Car Loan with MoreMore Finance

Step 1: Check Your Eligibility

For Individuals:

✅ Australian resident or citizen.

✅ Stable income (PAYG, self-employed).

✅ Fair to good credit (we also consider applicants with past credit issues).

✅ Valid ID (driver’s licence, passport).

For Businesses:

✅ Registered ABN/ACN.

✅ Proof of income for non-property owners (business financial statements, tax returns etc).

✅ Only council rate notice required for property owners.

Step 2: Submit Your Application

Apply over the phone, or in person (we make it easy!).

Get a fast pre-approval (often within hours for complete applications).

Once approved, we transfer funds directly to the seller (private or dealer).

Step 3: Drive Away & Manage Your Loan

We register a PPSR (security interest) on the vehicle.

Enjoy flexible repayment options (weekly, fortnightly, or monthly).

Access 24/7 online account management.

Why Choose MoreMore Finance for Your Car Loan?

✅ Competitive Rates – From 5.5% p.a. (T&Cs apply).

✅ Bad Credit Considered – We look at your full financial picture.

✅ Fast Approvals – Get a decision in as little as 1 hour.

✅ No Hidden Fees – Transparent pricing with no surprises.

✅ Dedicated Support – Local experts to guide you every step.

Top Tips for Securing the Best Car Loan Deal

✔ Compare lenders – Don’t settle for the dealership offer immediately, as their comparison rate could be way higher (may have hidden fees).

✔ Check your credit report – Fix errors before applying.

✔ Negotiate the car price first – A lower purchase price means a smaller loan.

✔ Consider a balloon payment – Reduce monthly repayments (if suitable).

Ready to Get Behind the Wheel?

At MoreMore Finance, we take the stress out of car financing. Whether you're buying your dream car or expanding your business fleet, we have a loan solution for you. Let’s get you on the road sooner!