Buying your next car

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Budget

The way you manage your budget will have an impact on how much you can borrow to upgrade your car. A regular savings habit and a solid record of employment can make it easier for you to get a loan. If you're budget could use some improvements do that now, and stick to it.

How much can I borrow?

How much money you can borrow will depend on a number of things, including your financial situation, credit history, income and expenses, and the cost of the new car you want to purchase. Read more in our article How much money can I borrow to buy a car.

To do’s

  • Review your current budget and research
  • Use our car loan calculator
  • Work out a budget
  • Apply or a loan pre-approval
  • Go shopping 
  • Apply for personal loan and insurances
  • Get moving
Useful tools

Couple driving in new car looking at map
3 costs to consider when purchasing a car
When purchasing a car there are a number of things you'll need to keep the car running. Here's 3 costs to consider.
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Useful products

Which product: New vs. used

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.

Compare personal loans
View the interest rates and features of our personal loans and car loan in one place, and compare our personal loans to decide which one may suit you.
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Tip: speed up and simplify your personal loan application with our Application Checklist.