Heritage Finance Holdings Corporation is currently reviewing its position in relation to the RBA’s decision on 6 September to increase the Official Cash Rate. We'll make an announcement here as soon as we finalise our decision.
Your budget will have an impact on how much you are able to borrow to buy your first car. Not only will your budget help you to save more, but it will also be a great way to prove your ability to save money and make repayments. Your budget should help you make regular savings deposits. A solid track record of employment and a history of regular savings can make it easier for you to get a car loan.
Research the type of car you are interested in buying and compare costs between different makes and models. You might like to consider buying a second hand car, as opposed to a new car to help keep the cost down. Take a look through our useful tools to help you understand more about purchasing and running your first car.
Our Car Loan product can be used for either new or used vehicles. However, if you are purchasing a vehicle over 5 years old, you will have to apply for a Standard Fixed or Standard Variable Personal Loan.