Soapy sponge being squeezed on a blue car.

I want to buy a new car.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Soapy sponge being squeezed on a blue car.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Apply now.

Know what you want.

In the few months leading up to buying a car, you usually notice what everyone else is driving as you decide on the one you want. Don’t let your eyes get bigger than your wallet though - it’s vital to have a thorough idea of the makes and models that might best suit your needs and fit your budget.

To see how your personal finances would change with the addition of a car loan, our useful personal loan repayment calculator is here to help.

If you can wait, it always makes good financial sense to save as much as you can before a big purchase. Set up a savings goal and use a high-interest savings account to get the ball rolling on a downpayment that can save you in the long run.


Get pre-approval.

Getting pre-approval from Defence Bank on your car loan gets the paperwork out of the way so you head into buying mode with a clear idea of what you can spend. Put it this way, it’ll make the searching, buying and negotiating process easier.

Apply now.

The dealership usually won’t offer you the best rates on a loan - after all, there’s a margin in it for them. And be aware they may try to upsell you with add-ons you might like to have but don’t particularly need. To get a quick loan approval turnaround we’ll usually need to see proof of identity and income, as well as key information about any other debt like loans and credit cards.

Find the one that you want.

If you like to live on the wild side, you can always skip to the fun part by finding the car you want before getting loan pre-approval - though you should always have a thorough idea of your budget and what you’re looking for. When you’ve found the one, haggled a good price and shaken hands on it, it’s time to get the final sign off on your loan sorted.

We’ll need to get to know your car almost as well as you do, including make, model, odometer reading and whether it’s had any aftermarket work done.

Apply now.

Get insured.

Despite not being a legal requirement in Australia, the rule of thumb is that if you can’t afford insurance, you can’t afford a car: don’t go anywhere or even leave the lot without it.

Types of insurance run from third party which only covers damage to someone else’s vehicle, all the way to comprehensive which can have your back come rain, hail, shine or accident.

Enquire about car insurance.

Frequently asked questions.

You can buy a new or used car or motorcycle up to, and including, 5 years old with a car loan. If you would like to purchase an older car, contact us as you may do so with a personal loan

The maximum loan amount is dependent on a number of factors, including a borrower’s ability to service (pay) the loan. Call us on 1800 033 139 to discuss your needs.

Congratulations, please contact us (up to a week) prior to paying off your loan to obtain the final payout figure. Once the funds are available in your account we’ll process the final payment for you.

Learn more about car loans.

Let's talk.

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