Car finance brokers, Perth based, Australia wide
Find the Best Car Lenders in Australia
Best is not the lowest number on a table. It is the lender whose policy your file already fits.
Finding the best car financing isn’t just about the lowest advertised rate. It’s about the right rate, from the right lender, structured the right way for your situation. And here’s the thing: most Australians go straight to their bank without realising a broker can access a much wider pool of options.
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Licensed finance broker, ACL 392426
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Comparing offers from our specialist lender panel
What Does "Best Car Financing" Actually Mean?
The best car financing looks different depending on your situation. What matters is finding the right combination of rate, fees, loan term, and lender appetite for your application.
For one person,
it is the lowest possible rate
Which is the version of best every comparison table on this search is built to answer, and it is a fair answer if your credit file is clean, the car is new and the loan is secured. If any of those three is not true, the number at the top of the table was never quoted to you.
For another,
it is flexible repayment terms
The term, the deposit, whether you can pay it out early without being charged for it, and whether the repayment can move with a roster that moves. None of that appears in a rate, and all of it decides whether the loan is comfortable in an ordinary month two years from now.
For someone else,
it is getting approved when the bank said no
Best is not a price at all here, it is an outcome. A comparison table cannot rank this because it has no column for it, and it is the version of the question our brokers hear most often.
What matters
is the right combination for your application
What matters is finding the right combination of rate, fees, loan term, and lender appetite for your application. That last word is the one no table has, and it is the only one a person can read. That’s why you’ll be talking to one of these eight.
New, small, used, electric
Best Car Financing Options for Different Buyers
The best automobile financing depends on what you’re buying and how you plan to use it. Pick what you are looking at and the panel below says what best actually means for that car, and what decides it.
Financing a New Car
New car loans typically attract the sharpest rates because the vehicle holds its value better and lenders see less risk. If you’re buying from a dealership, getting pre-approved before you walk in puts you in a stronger negotiating position. You’re less likely to accept dealership finance at a rate that’s been padded.
What best means here
The widest choice of lender you will ever have on a car. Almost every lender on a panel will write a new vehicle, which means best here genuinely does come down to price and terms rather than to who is willing.
What actually decides it
Your credit file and your employment type, because the car is barely a question. This is the one purchase where the comparison sites are close to right, and it is also the one where the dealership has the most to gain from you not comparing.
Watch for
Signing the finance in the same conversation as the car. The drive-away price and the loan are two separate negotiations and the second one is where a good day turns into an ordinary deal.
Best Small Car Financing
If you’re after the best small car, the financing considerations are much the same, but the loan amounts are often lower. On a smaller loan, fees make up a bigger share of the total cost, so the comparison rate matters even more.
What best means here
The loan with the smallest fixed costs on it, which is not usually the loan with the lowest advertised rate. A fixed establishment fee is the same money on a cheap car as on an expensive one, so it takes a far bigger bite out of a small loan.
What actually decides it
The fees, and whether the lender will write an amount that size at all. Worth knowing before you sign: some lenders set minimum loan amounts or charge the same flat establishment fee regardless of how much you borrow. A broker can flag these quickly so you’re not caught out.
Watch for
Comparing headline rates on a small loan and ignoring the comparison rate. On a small amount the fees are most of the difference, and the headline number hides them by design.
Worth knowing
This is also the loan most often taken by somebody with no credit history at all. No history is not bad history, and it is worth saying so to a lender who understands the difference.
Financing a Used Car
Most Australians finance a used vehicle. The rates can be slightly higher depending on the car’s age and condition, and some lenders place restrictions on how old the vehicle can be at the end of the loan term. Our brokers know which lenders are more flexible on used stock, including privately sold vehicles.
What best means here
The lender whose age policy the car actually passes. On a used car the vehicle stops being a detail and becomes half the application, because a lender securing a loan against it has an opinion about what it will be worth at the end.
What actually decides it
The car’s age at the END of the loan rather than at the start, which is the part that catches people out. A seven year old car on a seven year term is a fourteen year old car by the last repayment, and a lot of policies stop well before that.
Watch for
Falling for a car before anyone has checked whether there is money owing on it. A used vehicle can carry a security interest from the seller’s own loan, and that follows the car rather than the seller.
Worth knowing
Privately sold cars narrow the panel further again, and they are exactly where our brokers spend their time. Ask before you commit rather than after.
Financing an electric or hybrid car
The newest question on this list and the one the comparison sites answer least well. A number of Australian lenders now treat low emission vehicles as their own category with their own policy, which means the panel you are choosing from is genuinely different from the one you would be choosing from for a petrol car.
What best means here
The lender that has a policy for these cars at all. Where a lender has built a product around low emission vehicles it has usually thought about the residual value question, and where one has not, the car gets assessed as an unusual asset instead.
What actually decides it
Battery health and resale, which is a live argument in the industry rather than a settled one, and it is why two lenders can look at the same car and reach different conclusions about it.
Watch for
Assuming a green product is automatically the better deal. It is a different product, on different terms, and it still has to be compared on the comparison rate like anything else.
Worth knowing
Home charging installation and the higher comprehensive premiums these cars often attract are real costs that arrive with the car. Put them in the budget before the loan, not after.
Put two rates side by side
The Rate You See vs. the Rate You Get
Advertised car loan rates are a starting point, not a promise. Every comparison site on this search will show you a rate; none of them will show you what the difference between two of them is worth on your car. Set both rates yourself and find out.
Stretching the term makes both rates look affordable and makes the gap between them bigger, because there are more years of it to pay. That is the single most useful thing this tool shows you.
Both of these numbers are yours, not ours. Yes Loans is a finance broker and does not set interest rates: lenders do, per application, after they have read it. Put in whatever two rates you want to compare and your broker will come back with the one a lender will actually write.
What that difference is worth
A calculation floor has been applied to keep this estimate realistic.
The five things a lender reads first
Car financing rates: what actually decides yours
Most lenders price their rates based on your credit score, employment type, the age of the vehicle, and whether the loan is secured or unsecured. Set the five below to your situation. The sheet will not give you a rate, because no honest page can: it tells you which kinds of lender will look at a file like this, and the one thing worth changing first.
The single biggest thing in your favour, and the reason a comparison table is nearly right for you. A clean file is what the advertised rates on this search are quoted against, so you are one of the few people who might actually be offered one.
You are the file the advertised rates were written for
Almost every lender will look at this, so best genuinely does come down to price and terms here. Compare on the comparison rate rather than the headline, and check the exit costs before you commit to the cheapest number you find.
Get a check done for money owing on the car before you pay a deposit. It takes minutes and it is the only thing standing between you and somebody else's finance.
Nothing on that sheet is a score and none of it is stored. It is the same five questions a broker asks in the first two minutes of a phone call, which is why the useful version of this ends with a person rather than with a table. Call (08) 9472 3000 or get your rate online.
Four places to get a car loan
Why the Best Car Lenders Aren't Always the Obvious Ones
The major banks are a reasonable starting point, but they’re not always the best car lenders for your situation. Here’s what we see in practice.
Major banks
Competitive rates for strong credit
Credit unions
Good rates, community focus
Specialist non-banks
Flexible credit criteria, fast turnaround
Finance brokers
Panel access, comparison across multiple lenders
Ready to compare your options? Apply online and we’ll match you to the right lender.
Six files, six different answers
Best is a different lender for a different file
Six situations where the best car loan is decided by who will write it rather than by what it costs. Every answer has a condition attached, because the honest ones do.
You went straight to your own bank and were declined
Then you have one lender’s answer, not the market’s. The major banks are a reasonable starting point, but they’re not always the best car lenders for your situation, and a decline from one of them says nothing about what a specialist would do with the same file. It is worth knowing that the enquiry is now on your credit file either way, which is an argument for comparing before applying rather than after.
The car is older than most policies allow
The best lender here is simply the one whose age policy the vehicle passes, and that is a different lender from the one with the best advertised rate. Our brokers know which lenders are more flexible on used stock, including privately sold vehicles. Work out the car’s age at the last repayment rather than at the first, because that is the number the policy is written about.
Self-employed with one year of tax returns
A mainstream lender usually wants two full years and a specialist often does not. There are lenders who will assess an ABN as young as twelve months on BAS and bank statements instead. Best here means the lender who asks for the paperwork you actually have, rather than the one whose rate you would prefer.
There are defaults or arrears on your credit file
Paid or unpaid, a listed default narrows the panel and moves the price rather than closing the door. The honest position is that it costs more than the number at the top of a comparison table, and that a real approval at a higher rate beats a theoretical rate you were never going to be offered. Your broker will tell you what it costs before you apply.
This is your first car loan and you have no credit history
No history is not bad history, and it is the case comparison tables handle worst of all because their rankings assume a file to rank. A deposit or a trade-in does a great deal of work here, and so does time in the same job. Best on a first loan usually means smallest fees rather than lowest rate, because the amounts are lower and the fixed costs weigh more.
You are shopping several lenders yourself to find the best rate
Worth stopping before you do. Every application leaves an enquiry on your credit file, and a cluster of them inside a fortnight is itself a reason for the next lender to look harder at you. One application through a broker reaches the whole panel on one enquiry, which is the practical reason to compare through somebody rather than in tabs.
Hear From Our Customers: We Offer the Best Finance Deals
Yes Loans
263 Albany Hwy, Victoria Park
-
Cooper was an absolute pleasure to deal with. gave me his full attention, very thorough with his explanations. and was incredibly helpful all together. … More extremely satisfied with his service. -
I couldn’t be happier with the service I received from Stephen Pastorelli.
We submitted our personal loan application at around 8:00am this morning, and … More by 3:00pm the same day it had already been approved. The entire process was incredibly smooth and stress-free.
Stephen was professional, kind, patient and genuinely understanding throughout the whole application. He was extremely knowledgeable, explained everything clearly, and made us feel comfortable and supported from start to finish. Nothing ever felt rushed, and he was always happy to answer our questions.
It’s rare to receive this level of personal service these days. Stephen is an absolute credit to the company, and I would have no hesitation recommending him to anyone looking for assistance with finance.
Thank you, Stephen, for making what can sometimes be a stressful process such a positive experience. Five-star service from beginning to end! -
A huge shout-out to Stephen and the team at Yes Loans for going above and beyond to help make my finance journey a smooth and successful one.
From my … More very first contact with Stephen, the entire process was handled with professionalism, dedication and genuine care. What started as a vision quickly became a reality for me and my family, and I couldn’t be more grateful for the support throughout the process.
I highly recommend Stephen and Yes Loans to anyone looking for finance. Their commitment to finding the right solution and making the process as easy as possible truly stood out to me.
Thank you again, Stephen and Yes Loans, for making it happen.
Perth based, every one of them
The eight people who will read your file
A comparison table ranks lenders. It has never seen your application and it never will. These eight read them for a living, and every rating below is that broker’s own Google rating as published on the Yes Loans about page.
Goran Babac
5.0 (22)
Trent Cray
5.0 (17)
Ridge Kidd
5.0 (22)
Trent Hilliam
5.0 (17)
Cooper Boyd
5.0 (4)
Stephen Pastorelli
5.0 (2)
Aidan Daggett
5.0 (1)
Vojin Jancic
5.0
Leo Rifici
5.0
Paddy Knight
5.0 (1)
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Eligibility
What you'll need to apply
Requirements vary by lender, but most applications need the basics below. If you’ve been knocked back before or you’re self-employed with variable income, don’t assume you’re out of options.
Residency status
Australian citizen, permanent resident, or eligible visa holder.
Proof of income
Recent payslips, tax returns, or bank statements if self-employed.
Proof of identity
Driver's licence or passport.
Vehicle details
Make, model, year, and purchase source (dealer or private). If you have not chosen the car yet, that is fine, and it is the right time to ask for a pre-approval instead.
Basic credit history
We work with a range of credit profiles, including past issues.
Soft check first. Always.
Getting a quote here won’t affect your credit score. We do a soft assessment so you can see real options before anything is formally submitted. That is the whole argument for starting here rather than in four browser tabs: comparing costs you nothing, and applying costs you an enquiry every time.
Best car financing, in plain terms
How Yes Loans Finds the Best Car Financing for You
Our process is straightforward. We take the hard work out of getting finance by doing the comparison on your behalf. You tell us about your situation – the vehicle, your income, your employment type, and any credit history considerations. Our brokers then look across our lender panel to find offers that match your profile. Not just the easiest one to place, but the one that makes the most sense for you.
You get to see what’s available and make an informed decision before anything is submitted. Once you’re happy, we manage the application and keep you updated through to settlement. Chat to a broker on (08) 9472 3000 or apply online to get started.
Best Third Party Insurance Car Coverage
If you’re financing a vehicle, insurance is part of the conversation. Comprehensive cover is typically required by the lender as a condition of a secured loan. But if you’re after the best third party insurance car coverage for an older vehicle or one you own outright, the picture is different. Yes Loans offers insurance products alongside our finance, including car insurance options that can be packaged into your repayments. Chat to our team about what’s available.
Comparison Rate vs. Advertised Rate
The comparison rate is the one to focus on. It rolls in the interest rate plus most standard fees, giving you a more accurate picture of what you’ll actually pay. If a loan has a much higher comparison rate than the headline rate, it’s worth asking why.
It is worth saying plainly that Yes Loans does not set any of these numbers. We are a finance broker: lenders price each application, and they price it after they have read it. Anything you see advertised anywhere, including on this search, is a starting point rather than a promise. Our loan calculator is the quickest way to sanity check a figure of your own before you speak to anybody.
Read next
5 Benefits of Getting Finance Pre-Approval
In the guide Why knowing your number first changes the deal
- You Get to Skip the Dealership Financing Discussions
- You Can Avoid Spending More Than You Can
- You Have a Way to Bargain with Your Dealer
- You Won't Be Forced Into Anything
Victoria Park, Western Australia
No table on this search has read your file. Eight people in one Perth office do it every day.
4.8
from 281 reviews on Google
8
brokers, every one of them in Perth2009
trading from Victoria Park since
$0
to get your rate, and no mark on your credit score
Find the best car financing for your situation.
Whether you’re buying a new vehicle, a used car, or looking for the best small car to finance on a tighter budget, Yes Loans works harder to find a path forward. We compare across our lender panel, handle the paperwork, and keep the process straightforward.
Explore your car loan options, check out our car insurance cover, or head straight to our car loans hub to learn more. Call us on (08) 9472 3000 or apply online today. Getting a quote here won’t impact your credit score.
From the Yes Loans blog
Latest insights
Frequently asked questions
What is the best car financing option in Australia?
There’s no single answer because the best car financing depends on your credit score, the vehicle you’re buying, your employment type, and how long you want to repay. A broker can compare offers across multiple lenders to find the option that actually fits your situation, rather than just the one a single bank is willing to offer.
How do I find the best car lenders for my application?
The most effective approach is to use a finance broker. Brokers have access to a panel of lenders and can match your application to the one most likely to approve it at a competitive rate. Going direct to a single bank means you only get one answer, often with less flexibility.
Is car financing best done through a broker or a bank?
It depends. A bank works for applicants with strong, straightforward credit profiles who are buying new vehicles. A broker tends to work better for anyone outside that profile, including self-employed applicants, buyers with past credit issues, or anyone financing an older or privately sold vehicle. Brokers also save time by doing the comparison work for you.
Can I get the best automobile financing with bad credit?
Yes, it’s possible. Specialist non-bank lenders on Yes Loans’ panel are experienced in placing applications that mainstream banks decline. The rate will likely be higher, but getting into a vehicle and making repayments on time is often the best way to rebuild your credit profile. We’ll tell you honestly what’s available.
What is the best small car to finance in Australia?
From a financing perspective, smaller and more affordable vehicles often attract the same rate structures as any other car. The key difference is the loan amount. On a lower purchase price, fees can have a bigger proportional impact, so a loan with low fees and a competitive comparison rate matters more. Our brokers can point out any products that don’t stack up well on smaller loan amounts.
Does Yes Loans charge a fee for finding the best car financing?
Yes Loans is a licensed finance broker (ACL 392426). In some cases a broker fee may apply, but this is disclosed upfront and factored into your comparison rate so you can see the full cost clearly. There’s no cost to get a quote or have an initial conversation with our team.
Why is the advertised rate not the rate I am offered?
Because it was never quoted to you specifically. An advertised rate is the price a lender is prepared to offer the applicant it most wants: clean credit file, permanent income, a new car, loan secured against it. Most lenders price their rates based on your credit score, employment type, the age of the vehicle, and whether the loan is secured or unsecured, and they do that after they have read your application rather than before. Advertised car loan rates are a starting point, not a promise.
What is a comparison rate and why does it matter more than the headline?
The comparison rate is the one to focus on. It rolls in the interest rate plus most standard fees, giving you a more accurate picture of what you’ll actually pay. If a loan has a much higher comparison rate than the headline rate, it’s worth asking why. It matters most on smaller loans, because a fixed fee is the same money whether you borrow a little or a lot and therefore weighs far more on a cheaper car.
Does comparing car loans hurt my credit score?
Comparing does not. Applying does. Getting a quote here won’t affect your credit score, because we do a soft assessment first. A formal application leaves an enquiry on your file, and several enquiries in a short period is itself something the next lender will notice, which is the practical argument for comparing across a panel on one application rather than applying to lenders one at a time.
What is a balloon payment, and should the best car loan have one?
A balloon is a lump sum left owing at the end of the term. It lowers the repayment along the way and it does not lower what the car costs, because you still owe the balloon and you have paid interest on that amount the whole time. It suits somebody who genuinely intends to sell or refinance at the end, and it catches out somebody who took it purely to make the weekly figure look comfortable. Ask what the balloon is before you compare two repayments, because two loans with the same repayment can be very different loans.
Should the loan be secured against the car or unsecured?
Usually secured, and that is why a car loan generally prices better than an unsecured personal loan for the same amount. The lender registers an interest in the vehicle and can sell it if the loan goes wrong, so it is taking less risk and charges accordingly. Unsecured car loans exist and are worth asking about where the vehicle is older, unusual, or being bought in a way a lender will not secure against.
How does my credit score actually change what I am offered?
It moves two separate things, and people usually only think about one. It moves the price, which is the obvious part. It also moves which lenders will look at the application at all, which matters more, because a lender who will not write your file has no rate for you at any number. That is why the useful question is not what rate can I get, it is which lender should this go to.
How many lenders should I apply to before I choose?
One. Applying to several to see who comes back cheapest is the most expensive way to shop, because every application marks your credit file and a cluster of marks is read as a warning sign by whoever looks next. One application through a broker reaches the panel on a single enquiry, and you still get to see and choose between what comes back.
Do lenders treat electric and hybrid cars differently?
Some do. A number of Australian lenders now run low emission vehicles as a separate category with its own policy, which means the set of lenders available to you is genuinely different from the set available on a petrol car. Whether that works out better depends on the loan rather than on the badge, so compare it on the comparison rate the same way you would compare anything else, and budget for home charging and the insurance separately.
How much can I borrow for a car?
It comes down to your income, your existing commitments and your credit history rather than to the car. Most car loans we arrange fall between $5,000 and $150,000. Our loan calculator is the quickest way to sanity check a figure before you speak to anybody, and there is a longer answer on how much you could borrow if you want the reasoning behind it.
Can I pay the loan off early?
In most cases yes, and paying it out early reduces the interest you pay overall. Whether there is a cost for doing so depends on the lender and on the product, so it is a question worth asking before you sign rather than after. On an otherwise clean file it is one of the two lines where loans genuinely differ from one another, the other being the comparison rate.