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Your estimated borrowing power*
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*Please note: Further lending criteria will apply. The term, fees, and interest rates may vary, and this is an indicative quote.
Any On Road Costs are also excluded from this indicative quote.
Disclaimer
This is not an offer of finance by either the advertiser or OnlyCars. This is an indicative non-binding quote for finance. Rates, fees, and terms will be confirmed by the lender taking into consideration individual circumstances disclosed by you to the lender together with confirmation of both finance and product suitability.
OnlyCars take no responsibility for:
- The compliance of the regulations set out in either the Fair Trading Act 1986 or the Credit Contracts and Consumer Finance Act 2003.
- Any representations or warranties contained in the information provided to create the indicative quote.
- Representations made by the advertiser.
FAQs
How to negotiate & lower your car loan repayments?
The key to any negotiation is arming yourself with as much information as possible. The more knowledge you possess, the more control of the negotiation you'll have. Because you did your research, have a max budget, know your ideal car, researched average prices in the area and gathered an accurate monthly payment calculation, you'll have the leverage with any dealer.
Before you head to the dealership, consider the time of the year, month or week. In fact, research shows that dealers drop prices early in the week, end of the month or quarter, on holidays, or at the end of the model year. Showing up on the dealer lot on a specific day can potentially save you thousands.
When negotiating with a dealer, you should always ask for the total, out-the-door cost. This is the final price of the car plus additional tax, title and license plate fees associated with each vehicle on the lot. Let this price serve as a starting point for negotiations.
All sales reps should be happy to provide any and all information. If they hesistate, you should find another dealership or sales rep to work with. Always know that you have the upper hand. Undoubtedly, there are similar cars at dealers nearby. Therefore, don't be afraid to step off the lot. If the salesperson is quoting prices much higher than your research or refuses to answer simple questions about the car or loan, walk away.
Where can I secure financing?
Car shoppers can secure financing from a bank, finance broker or the dealership directly. To ensure you get the best loan, you should go to all three and see all interest rates.
What is the minimum down payment for a car loan?
You are able to apply for finance with zero deposit but the more deposit you can put in, the more favourable your loan terms can be.
What is a good interest rate on a car loan?
Car loan interest rates change frequently. Your interest rate will be based on your credit score, current economic conditions, your lender, the car and more.
How do I determine the trade-in value of my car?
You can determine how much your car is worth at OnlyCars by . You can also use our to get the average prices for similar vehicles.
How much of a car loan can I get?
The only way to determine an accurate total car loan estimate is to take your credit score and credit history to bank, finance broker or dealership. They'll share the maximum car loan you can secure.