Commonwealth Bank

• Affordable vehicle finance
• Insurance
• Foreign exchange

Table of Contents

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Commonwealth Bank – Committed to helping our clients get on the road

Paying for your Vehicle with a personal loan from Commonwealth Bank in Sydney is easier than ever.

Once you’ve found the proper vehicle and looked into all the associated prices concerned in obtaining it, you’ll understand precisely what amount you'll have to pay.

You then have 3 main options:

Saving to buy your vehicle, borrowing for a vehicle from a bank or car loan specialist and dealer finance. With Commonwealth Bank's online car loans, we offer you cost-saving tips, further funds on your existing loan, used car checks and car insurance advice.

Saving for a vehicle

Waiting till you have got enough cash to shop for a vehicle outright can clearly take time, however, you will not need to pay any interest on that once you have bought it, thus it's always the most affordable choice.

By selecting a bank account to fit your individual needs, you can easily add cash often until you have reached your target amount.

Our budget planner calculator will assist you to estimate what amount you’ll have to save every month, and the terms to succeed in your savings goal.

Borrowing for a vehicle

A personal loan permits you to sell your current vehicle and pay it off in instalments.

You’ll even get pre-approval for a private auto loan, supplying you with up to thirty days to search out the proper automobile with instalments that suit your budget.

Use our borrowing calculator to visualize what quantity you'll be able to borrow and what your repayments are going to be.

Dealer finance

Car dealers usually provide finance as a way of shopping for a vehicle. If you're considering this option, there are a few criteria you need to discuss with the dealer.

• 'What's the rate?' Compare it with the interest rate of a private loan to ascertain you are obtaining the most effective rate.
• ‘Is there a balloon payment at the top of the loan?’ The loan repayments could seem low-cost, till you face a further massive payment once your loan term is up.
• ‘Is the worth of the automobile negotiable?’ It usually isn’t with dealer finance.

Commonwealth Bank is a trusted & reliable provider of car finance

In our review, Commonwealth Bank adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Commonwealth Bank is a registered credit provider in Australia: ACL 234945