While deposits are not mandatory to get a car loan, it may help with the approval process and lower your repayments and interest. Some lenders insist on a 10-20% deposit while others allow you to take out a loan for the entire value of the car.
Your initial application uses a ‘soft’ credit check and will not affect your credit score. We will assess your application before submitting it to a lender of your choice to make sure we send it to the most suitable lender. Only then will your selected lender complete a ‘hard’ credit check.
Yes! With CarClarity getting a car loan is now 100% online. Simply fill out one application and get matched to 30+ lenders. We do all the checks and negotiate the best price for you. Learn more about how it works.
The application takes 10-20 min to complete. Get your application submitted to the lender you choose on the same day for approval.
CarClarity is an online financial comparison service and is owned and operated by CarClarity ACL Pty Ltd ABN 50606 243 243 / ACN 606 243243 and Australian Credit License 478 874.
CarClarity provides you access to our expert team who can assist in selecting suitable car loans from our panel of 30+ lenders and over 1000 financial services products. The financial products compared on this website do not necessarily compare all features that may be relevant to you and CarClarity does not compare all rates in market.
All applications are subject to the credit provider’s credit assessment and loan eligibility criteria. Terms, conditions, fees and charges apply. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. CarClarity may receive a commission from lenders we recommend.