Looking for that new set of wheels? Let XLR8 Loans take the hassle out of obtaining your new or used car finance! Whether you’re purchasing a car for business or personal needs, we have access to a wide range of products and our team of highly dedicated consultants will ensure a quick and easy application process, tailored to your individual requirements, plus get you the lowest interest rate around.
If you require a car loan for personal use there are two types of loans available; secured or unsecured and for business there are several more options like leasing and chattel mortgages. XLR8 Loans can organise the amount you need and the best loan option, which is then repaid over a period of up to 7 years.
Your payments can be scheduled weekly, fortnightly or monthly and can be paid by direct debit, cheque, BPAY, internet banking, direct payroll, or cash. Try our easy to use car loan calculator now to get an indicative look at what your repayments will be.
For that added piece of mind, you can also add insurance, warranty and loan protection insurance to your loan. A deposit is not required in most cases, but may assist with your approval chances
Wanting a loan for a new car, motorbike, caravan, truck or business equipment? Get a free quote using our simple form.
Car loans have a fixed interest rate, which means that the interest is calculated on the unpaid balance daily, just like a home loan. Extra or additional payments will reduce the outstanding balance along with the interest charges which can ultimately shorten the loan term and reduce the overall cost to you.
Even if you have a personal use loan, depreciation and interest charges may be claimable if your car or boat is used for business or work related usage. (Check with your accountant)
With our quick and easy online application form it takes only minutes to apply, or if you prefer to speak with us, simply give us a call and we’ll complete the paperwork with you. Once we’ve got all the information ( supporting documents for income), we then complete all the necessary checks to ensure we have the exact information the lender requires.
We then notify you when your application is submitted and again when the lender informs us of their decision. Once the application is successful, sign up is completed. In the event the application is unsuccessful, we’ll contact you and discuss other options. The entire process usually takes no more than 36 hours—and can be completed in as little as a few hours!
