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.
Get started by reviewing your budget. By making improvements to the management of your spending you'll be in a better position to apply for a car loan. If you are planning on upgrading your car you'll need to look at how much room you have for movement from any current car loan repayments you make. If you are planning on purchasing a higher value vehicle your repayments could be higher so you'll need to look at whether this is possible within your current budget, or whether you'll need to make some changes to spending elsewhere.
How much money you can borrow to buy a car will depend on a number of things, including your financial situation, savings, income and expenses, credit history, and the cost of the car. A loan pre-approval process will help you find out how much you can borrow. Read more in our Help & Guidance article, How much money can I borrow to buy a car.
To find out what your repayments could be use our car loan calculator. This calculator helps you to estimate loan repayments as well as other costs associated with purchasing and running a car, like registration and insurance.
There are a number of costs associated with purchasing and running a car. It’s important to understand these costs and how they might impact your repayments and your overall budget.
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.