Personal car loans

With so many options available it’s hard to know what’s the best option for you. This depends on if your car is used for business purposes, if your employer offers novated leasing or salary packaging, and also the type of car you want to buy. Our subject matter experts are here to help you make the right decision.


How do I know what finance option is best for me?

Apart from a home, a car is one of the single biggest purchases you are likely to make.CarBundleit has many finance options available to you. Our experienced consultants can help you to understand the different finance options so you can decide what option is right for you and your own personal circumstances.

Speaking to a financial advisor and/or your accountant can also be a good way to ensure you are choosing the right finance option for you.

Why choose CarBundleit?

Your CarBundleit consultant will have a minimum of 10 years of experience in vehicle finance. With such a big purchase it’s important you are dealing with someone who knows their stuff.

CarBundleit not only has many finance options available, it also has access to a pool of repeatable Australian lenders. Depending on your credit application will depend on where you can get the best deal and this is where our experienced consultants can help.

CarBundleit makes the finance process fast and efficient getting you into your car quickly and seamlessly.

What is the process?

  • 1You can call a CarBundleit consultant today on 1300 838 942 or submit you details online and a consultant will call you back
  • 2Once you know what finance option is right for you an application for credit will be completed and submitted to the chosen financier
  • 3Once your application is approved you can choose your car if you haven’t already
  • 4Documents will then be signed and the finance will be settled
  • 5You can then take delivery of your car

Finance options

  • Personal Loan:

    A personal loan is a simple financial product for individuals in which the finance company money directly to you, the consumer. Personal loans are available over a range of terms. The interest rate payable might depend on a range of factors, including credit history and whether or not the loan is secured by a physical asset.

  • Car Loan:

    A car loan is similar to a personal loan but might achieve a lower interest rate because the loan is secured by a financial interest in the vehicle being purchased.

  • Chattel Mortgage:

    A Chattel Mortgage is a commercial finance product where the customer takes ownership of the vehicle (chattel) at the time of purchase. Under a Chattel Mortgage the financier advances funds to the customer to purchase a vehicle, and the customer takes ownership of the vehicle (chattel) at the time of purchase. The financier then takes a "mortgage" over the vehicle as security for the loan, by registering their interest over it with the PPSR. Once the contract is completed, the security interest is removed giving the customer clear title to the vehicle.

  • Commercial Hire Purchase:

    Commercial hire purchase agreements have fallen dramatically in popularity because of changes made to the GST treatment relating to them. They are therefore less attractive to companies and employees with a car allowance. Most people and businesses in this position prefer the greater financial benefits of a chattel mortgage (see above).

  • Novated Lease:

    novated lease is one of the most cost-effective and tax-effective ways for ordinary Australian employees to achieve car ownership. Basically, a novated lease is a three-way agreement between you, your employer and a finance company. The employee allows the employer to make deductions from their pre-tax salary to make the payments. The employer makes the deductions, and the finance company sets up the novated lease and manages it. Because the payments are made from the employee's pre-tax salary, some of the money that would normally be paid in tax is used to pay for the vehicle. So a novated lease increases the employee's buying power. It's also a great way to

  • Business Loan:

    Your business finance needs will vary depending on your business structure (Companies, partnerships & sole trader). Our business finance options can cater to both equipment and vehicle finance needs. The most appropriate type of finance for each business' needs will depend on business structure, cash-flow requirements, GST registration status and tax considerations. CarBundleit specialises in assisting SME (Small to medium enterprise) business needs.

  • Finance Lease

    A finance lease is when a business has use of a passenger car or commercial vehicle with all the benefits of owning while the financier retains ownership of the vehicle.