Vehicle Finance

Total Lending and Finance Solutions offers a range of solutions for the financing of motor vehicles, plant and equipment and asset finance from the purchase of a single motor car to a large truck or large scale heavy machinery and construction equipment.

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Secured Car Loan

A secured loan is when the bank has security over the asset in question – in this case, your new car. What’s the advantage for you? Security makes a loan less risky for the lender, which means you might be able to get a lower interest rate compared to other loan types. Based on the low risk factor, you could borrow higher amounts. Depending on the lender, your secured car loan interest rate may be either fixed or variable.

Unsecured Car Loan

An unsecured car loan is when a credit provider lends you an amount of money that is not secured by the value of an asset. As there is no collateral, if you default on your loan repayments, your lender cannot repossess the vehicle you have purchased with the loan. The unsecured car loan interest rate can be either fixed or variable depending on the lender.

Novated Lease

A novated lease could help you finance your new car while offering a range of potential benefits – including saving you money. A novated lease is a benefit your employer can offer to you, where they lease a car on your behalf. It involves a three-way agreement between employer, employee and a financier, and can last between one and five years.
With a novated lease, you’re not limited to any particular car type, model or make, unless stipulated by your employer. In most cases, you’re free to choose the car you wish to lease, whether it’s new, used, or even your existing car.