Low rates that
beat the banks

If you’re looking for a service that can help you with your car payments, there’s no need to drive down to a bank or look up any car finance companies online because MONEYME is here with our personal car loans. Get the money you need to fund any vehicle with several additional great features, such as a mobile app where you can easily track your upcoming repayments!

While there are dealership financing options and other online lenders available, most of them include additional conditions such as asset security. Experience a service like no other as MONEYME offers some of the most competitive rates with minimal fees and charges, allowing you to get a reasonable car finance estimate.

We’ve helped thousands of Australians with getting a car on finance, and we offer tools to help them make better financial decisions, such as our vehicle rate calculator and car loan quotes functionality. Our intuitive mobile app also gives you the power to adjust your repayment schedule and manage all your finances, no matter where you are.

Submit your auto car loan application today and get the approval you need within minutes! If you would like further information about how we can assist you with your car payments or if you would like to check out our finance quote calculator, please visit our website or download our app.

How do car payments work?
Car payments function as a type of car finance option that involves paying a lender or business the cost of your vehicle into monthly or fortnightly instalments, which also can be referred to as loan repayment. Many factors can reduce or increase your monthly car payment, such as the total amount you’ve borrowed, the amount of interest, and the overall loan term.

Especially if you have a stellar credit score, taking out an auto loan and making your monthly car payments can be a good way to save money, as you can get a lower loan quote. Our general advice, however, is to consider using a car bond calculator or vehicle repayment calculator before you apply for a loan, as this can give you insight into whether it’s a financially feasible option.

What are the different payment plans available for a car?
There are quite a lot of available plans for car payments, aside from directly choosing to pay the car’s price in full through cash. Here are some of the financing options that may be available to you depending on your financial situation and existing partnerships with a lending institution:

Personal contract purchase/plan (PCP)
Personal contract purchase is essentially a loan, but you don’t borrow the full price of the car. Instead, you’ll pay a deposit (which is usually at least 10% of a car’s value or more, depending on the calculator that is used), and then you’ll be charged a set number of monthly car payments. It’s important to note that you won’t own the car at the end of your payment term.

There are also additional factors that are considered in a PCP, which is the depreciation of the vehicle you use. Cars will lose value as soon as you drive them off the dealership, and some cars lose their value much faster than others. At the end of the payment term, you’ll have the option to own the car by making a ‘balloon’ payment or returning the car with no additional fees.

Car leasing
In this payment plan, you pay a deposit, pay an agreed monthly amount, and get use of the car for the term. You’ll also have to pay for any damage that occurs during this ‘borrowing period’. These agreements tend to last for two to five years.

These car leasing deals are mainly aimed towards businesses, so it’s important to note that their pricing excludes VAT. Be sure to check if an advertised price includes VAT (for a better perspective, you can opt to use a loan calculator online and add about 20%) as this may inflate your car payments even further.

Personal loan
When you opt to take out a personal loan, you borrow a fixed sum (which is completely transferred to your bank account of choice), and then you repay it in fixed monthly payments, plus interest. Loan terms vary greatly, but we at MONEYME offer an option to space out your car payments for up to five years.

Interest rates vary depending on many factors, and smaller amounts usually attract a higher annual percentage rate (APR), while loans that are greater than $15,000 tend to have a lower APR. The added benefit of buying a car with a personal loan is that you become a cash buyer, which can give you more favourable prices.

How to choose the best payment plan for your car?
To choose the best plan for your car payments, we strongly recommend taking out a personal loan with MONEYME. We offer you the ability to completely own your car as well as the added benefit of the features we provide.

Aside from some of the most competitive rates and flexible repayment terms, MONEYME is especially great for those who want to save time and energy as our application process is as easy as one-two-three. You can simply begin getting the funds you need for your car payments by visiting our website and clicking ‘Apply Now’.

From there, you simply need to give us some information about yourself and the loan you wish to pursue. We can also sign in to our secure bank portal, which allows us to instantly verify your financial situation to get you the money you need faster than other services.

Many of our customers report receiving the money within minutes after agreeing to their loan’s terms and conditions, and compared to borrowing from a bank or dealership, you can save almost one to two weeks in waiting for your application.

What are you waiting for? Pay for your car payments intelligently and efficiently with MONEYME today!