The exception of purchasing a home, a car is generally the biggest purchase most people will make. It is vital that you choose the right car finance to suit your needs. When dealing with uFinance, you have the advantage of utilising a vast range of products. Whatever the budget, whatever the plan, we can help! Offering competitive rates & low-interest car loans while providing the right car finance is all part of our services. We can also provide a vehicle locator service to help you find your ideal car.
Consumer Loan
Suitable for when you use your vehicle for private purposes. Our car finance can be tailored to suit your budget, with fixed repayments and loan terms from 24 to 84 months. A final balloon payment can be applied to your loan and will reduce your monthly repayments. A balloon means that over the life of a loan, the borrower will only repay part of the principal and as a result, at the end of the loan term will owe the financier a lump sum. Ownership of the vehicle remains with the customer. However, the financier takes an interest in the car as security for the loan. Once the loan is finalised, the financier will lift their interest in the vehicle handling the customer clear title.
Chattel Mortgage Car
Commercial finance is needed if the car is predominantly used for business purposes. In this situation, the financier funds the customer to purchase a vehicle. Flexible contract terms from 12 to 60 months and a balloon value can be applied to tailor your monthly repayments. Ownership of the car remains with the customer, and the financier registers a fixed and floating charge with ASIC. Once the loan is finalised, the financier will remove the charge and hand clear title to the customer. A tax deduction may be available if the vehicle is used for business purposes and a customer who is registered for GST may claim a portion of the GST contained in the vehicle price.
Car Finance Lease
A rental agreement where the financier owns the vehicle and the customer can leases it for an agreed term and rental amount. Lease terms range from 12 to 60 months. At the end of the contract, the customer has the opportunity to buy the vehicle and payout the lease or extend the lease for a further term.
Novated Lease
A popular way of offering employees an opportunity to choose car finance for a motor vehicle of their choice as part of their remuneration package. A Novated Lease is a three-way agreement between an employer, employee and the finance company. The employer makes the monthly repayments on behalf of the employee from their salary. Lease terms are from 12 to 60 months.
Car Insurance
We know that accidents may occur, no matter how careful you are on the road. We provide cover with a range of features and benefits designed with you in mind. Comprehensive coverage also protects you against vehicle damages not caused by a collision.
Purchase Price Protection
Purchase price protection protects you in the event your vehicle is deemed a total loss by your general insurer through theft or accident. Purchase Price Protection can refund the depreciation amount together with the write off amount so you can get back what you paid for the car initially.
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SUBMIT LOAN CALCULATIONS
The calculations provided are estimates only and are based upon the information entered into the calculator by the user. The resulting calculations do not constitute a quote for a loan product, a loan application, a loan offer or loan approval. The repayments shown as a result of calculation make no allowance for loan establishment costs or the possibility of monthly charges which some loan products may attract.