Compare Hundreds Of The Best
Car Loans Geelong Has To Offer

All brokers can get you a loan. But we go further to ensure your finances are optimised to save tax, interest, and fees, so you can get more money for the vehicle you really want.

Here are a few things that make us different…

1. We’ve been helping Geelong locals for 25+ years. No one has more experience or a greater network of property professionals than we do.

2. We’re backed by +300 verified five-star reviews, making us Geelong’s highest-rate independent mortgage broker.

3. We have a dedicate repricing team whose sole job is to proactively seek out a better deal on your lending. (Last year alone, they renegotiated 948 loans, saving Aussiewide clients $61,650.00!)

4. We also have a dedicate settlement support team that coordinate between banks, real estate agents, conveyancers, insurers and other personnel to ensure all the moving parts come together like clockwork on settlement day.

5. We support the local Geelong community. Whether it’s sponsoring local sporting clubs, partnering with community organisations, or getting involved with charities and events – we’re serious about giving back to the city we love.

Using a mortgage broker costs you absolutely nothing.

Banks do pay us a commission that they otherwise would have allocated towards marketing and advertising.

You will usually get a much better deal through us because unlike banks, we’re not limited to the loan products of any one lender.

Not only do you receive free, independent, expert lending advice, we offer additional financial guidance based on our 25 years of experience and our network of trusted advisors.

It’s a no-brainer if you ask us.

Aussiewide Financial Services is a trusted name in the Geelong area, having successfully helped hundreds of clients get the best loan and save thousands in interest, fees and tax since 1998.

We are a local family business, supporting the local community professionally and socially (go Cats!).

And we offer flexible appointments in our office at 255 Moorabool Street, Geelong, online via Zoom, or at your home.

Interest rates
The interest rates of car loans can either be fixed or variable. In a variable interest rate, your loan repayment can rise or fall depending on the car financing’s interest rate benchmarks. If you took a loan with a fixed interest rate, your loan repayments will remain unchanged for the entire loan term. You can typically obtain fixed-rate loans from car dealers.

Loan term
The loan period or term for car financing can be as short as three years or as long as seven years. A longer-term loan essentially means lower monthly repayments but you’ll be paying more in total interest.

Loan repayments
Monthly instalments is the most common for car loan repayments. Nonetheless, you can also negotiate with your lender if the payment can be made weekly or fortnightly. More frequent repayments notably help you cut on interest rate payments as you will be paying the loan faster.

Balloon payment
A balloon loan payment is a lump sum that a borrower agrees to pay to the lender at the end of the loan term. If you want smaller regular payments, opt for a balloon payment. Take note, however, that this may raise your total interest costs significantly.

Standard bank loan
This is the simplest amongst car loans wherein a bank lends you the money to buy a new or used automobile. Typically, the car loans that banks grant are secured loans, meaning that the vehicle serves as the security for your borrowing. The lender will repossess the car if you default on loan payments. The bank will also require that the car is fully insured.

Chattel mortgage
This involves a fixed loan wherein a financier advances you the money for the car purchase. The financier holds a mortgage over the vehicle as loan security. You can finance the car’s total purchase price or pay an upfront deposit or use the vehicle for a trade-in. At the end of the term, you can also make a residual payment.

Finance lease
In this type of lease, the financier buys the car and then leases it to you. This setup is suited for businesses and individuals who will use for business purposes the vehicle they leased. They can acquire a car with little or no capital spending and just pay fixed monthly rentals. After the lease expires they have the option to return the vehicle, buy, or refinance it.

Commercial hire purchase
Here, a financier purchases a car for a consumer to hire over a set period. This car financing can be tailor-fit for individuals and businesses. Generally, the monthly payments repay in full the loan in the set period. The vehicle is then transferred to those who hired it with all payments completed.

Take note also when seeking a car loan that some preferential options are available to Business owners with an ABN (Australian Business Number) — See ABN Car Loans.