Securing your loan utilizing the automobile provides you with an improved price than many other loan kinds.

Having a Westpac car finance, you might:

  • Get a diminished rate of interest than our other signature loans by making use of your vehicle as safety 6
  • Borrow $10,000 – $100,000 to purchase an innovative new or car or truck, repaying it over 1-7 years (conditions use) 4
  • Select a payment regularity to suit you – regular, fortnightly or month-to-month
  • Make preparation easier once the rate that is fixed your repayments will remain exactly the same for the lifetime of the mortgage
  • Negotiate confidently using the vendor, as you’ll discover how much it is possible to invest
  • Borrow yet another 10percent of this car’s value to greatly help protect incidentals and on-road expenses, supplied the amount that is total inside your authorized restriction
  • Feel confident investing in a used automobile, with this free check regarding the car’s reported history which could cover its expected value, if finance is owing or if it is been previously been written down or taken
  • Save your time as we’ll manage the payment that is final the dealer or private vendor for your needs.

Are you aware?

If you’re unable to create repayments and also haven’t sent applications for pecuniary hardship, we might reclaim your vehicle. If you do not would you like to secure the mortgage or your car or truck is not qualified to provide as safety, you might alternatively make use of an Unsecured Personal Loan.

Just how do a Westpac is used by me car Loan?

Apply onlineFill in your details therefore the quantity you may like to borrow. It takes only ten full minutes and then we’ll contact you regarding our choice, often within 2 company times.

See just what you can easily spendOnce you have got conditional approval, utilize our car search device to ensure the type of the motor car you intend to buy. We will be sure it is respected precisely.

Get the carYou then have actually thirty day period to get the motor car and deliver us the important points. You will have to take away insurance that is comprehensive you settle the mortgage.

Spend your pathYou’ve discovered the automobile and shared every detail with us. Now, you can easily elect to spend the vendor straight away or later on, by electronic cheque or transfer.

Repayment calculator

This calculator makes it possible to calculate just how much your individual loan repayments could possibly be. 3

The facts

Our auto loan comes with a hard and fast rate, and thus you’ve got the certainty of a set payment amount for the life of the mortgage. You may make additional repayments to cover your loan off faster, providing you the very best of both globes (prepayment cost may use 4.

Who are able to submit an application for a Westpac auto loan?

If you’d like to use, you have to:

When you yourself have any queries about whether your visa is a suitable migrant visa that qualifies you to definitely make an application for a individual loan with us, please phone our private Lending Centre on 1300 720 697 reveal.

Is my vehicle qualified to receive a motor car loan?

The vehicle you get using the loan must:

  • Be lower than 7 years of age
  • Are brought in by the manufacturers.
  • Do not have been written down (whether or not it absolutely was fixed)
  • Have value appropriate to the mortgage quantity
  • Be coming in at $10,000 or maybe more
  • Have compensated full comprehensive insurance coverage with Westpac noted once the financier.

In case your vehicle does meet these criteria n’t, you could give consideration to buying a motor vehicle with a Westpac Unsecured personal bank loan.

How do you use?

You are able to make an application for a Westpac auto loan:

Apply on line in under ten full minutes on any unit. Then you’re able to come back to finish the job within 2 weeks. Westpac customers can handle the whole process online without the need to see a branch.

Over the telephone

Apply throughout the phone by calling 1300 720 697 (8am-8pm, 1 week a week.

Apply at your branch that is nearest. Utilize our branch locator to determine what branch is closest to you.

Exactly just What would you suggest by ‘security’?

A Westpac car finance requires you to definitely make use of the vehicle you’re buying as safety. Utilizing the automobile as safety, you provide us with authorization to reclaim and offer the automobile to spend any outstanding loan balances, in the event that you aren’t in a position to fulfill your repayments.

Do i want a deposit for the motor auto loan?

No – once you purchase a motor vehicle having a Westpac auto loan, you provide the vehicle you’re purchasing as protection in the loan. This functions as security when it comes to loan.

Which information do i have to provide once I use?

Our Identification Checklist for Individual Customers (PDF 768KB) will allow you to construct the papers you will need to use.

You will have to offer information on your present finances. This can add your:

  • Present employer’s title, target and primary switchboard quantity
  • Present taxation information, if you are self-employed
  • Weekly after-tax income for every person trying to get the mortgage
  • Resource, cost savings and investment details plus quantities owing payday loan on bank cards, shop cards etc.
  • Information on other expenses.

We may contact you utilising the details you offer that will help you complete the application. We have on record are up-to-date before proceeding if you’re already a Westpac customer, check that the details. You are able to verify by calling 132 032 or in Westpac on line Banking. Allow twenty four hours for records to upgrade.

Let’s say We have difficulty repaying the mortgage?

We’ll be sure as you are able to program the mortgage quantity you request through the application procedure on the basis of the details you give us with regards to your current economical situation.

But we comprehend things can change – if something occurs and you’re concerned you might never be in a position to make repayments, please inform us. Call us on 1800 067 497 and work that is we’ll one to find a remedy. You can even submit an application for Westpac pecuniary hardship support on the web.

You haven’t applied for financial hardship assistance, you can voluntarily offer the car to us to sell as a way of paying any outstanding balances if you are unable to make your repayments and fall into arrears, and. Instead, we possibly may appoint a alternative party to reclaim and offer your vehicle. This might incur alternative party costs we may apply that you will be liable for in addition to any fees and charges.

Each month to credit reporting bodies under new comprehensive credit reporting laws, we are required to report your repayment history – both positive and negative. More information can be had from Credit Smart.