Unlike many banks and other financial institutions, Capital Finance is a finance specialist that deals specifically with finance deals. That means it is an expert in financing and loans, acting as a financier for individuals and businesses, as well as the government and multinational corporations.
Where banks may offer super and bank accounts, where credit unions may offer mortgages and credit cards, Capital Finance deals only in finance. So, if you’re looking to get a great deal on your car finance, Capital Finance may be just the provider you’re looking for.
With a wide range of car finance options on offer from Capital Finance, it pays to know what’s available and what to look for. Let’s take a look at the various types of car finance available from Capital Finance – and who it works best for.
Capital Finance Personal Car Loans
While many buyers look to Capital Finance for car loans for their business, there is a selection of car loan options here for individuals as well. One option for individuals is the Capital Finance Personal Car Loan.
With this loan, Capital Finance offers fixed rates with flexible loan terms. This allows you to choose the length of loan that suits your budget, with the knowledge that your repayments will remain the same throughout the entire loan term.
It’s also worth bearing in mind that financing options are not just available for cars. Capital Finance also offers finance packages on a variety of other types of vehicles, including four-wheel-drives, minivans, caravans, motorbikes and boats.
Capital Finance Personal Secured Vehicle Loan
This is another option for buyers looking to invest in a vehicle for personal use, rather than business use. With this type of car loan, the loan is secured against the vehicle.
Usually, as the lender feels more secure in the loan, knowing that it has the vehicle as collateral, it tends to offer lower interest rates than on its unsecured loans. This can help borrowers save money on interest over the life of the loan.
Again, this type of loan features a fixed rate of interest over the entire loan term, with flexible loan terms to suit your needs. Approved customers can enjoy 100% finance, including on-road costs and other fees.
Capital Finance Business Car Loan
If you need car finance for your business, Capital Finance offers a great range of options, including chattel mortgages, term purchases, finance leases and rental/operating leases.
Whether you’re looking to buy one car or a fleet of cars, or even if you want to invest in other heavy commercial vehicles or equipment, Capital Finance may be able to help.
Not only does Capital Finance have partnerships with dealerships and commercial suppliers around Australia, it also offers flexible terms, and may even be able to match annual cash flow fluctuations and predictions to make repayments easier on your business.
Capital Finance Novated Lease
Looking to buy a car for work purposes? A novated lease could be for you. A novated lease is an agreement between you, your employer and your finance company, which in the case, would be Capital Finance.
With a novated lease, you agree on the car you want to buy, Capital Finance finances the purchase, and your employer makes the repayments on your behalf from your pre-tax salary.
If you happen to change employers before the end of the loan agreement, you can pass the arrangement on to your new employer.
Why would you choose a novated lease from Capital Finance? The loan term and loan amount is flexible, and with fixed repayments, you will always know how much your repayments will be.
There is also the added bonus that your employer takes care of the paperwork, so you don’t have to – plus, your repayments are taken from your pre-tax salary, so you pay less tax on the remaining salary.
Before applying for finance with any lender, it makes sense to find out more about them – and what is expected of you. With Capital Finance, it’s worth bearing in mind that this is a lender that tends to only approve loans when vehicles are purchased from franchised dealerships.
That means financing for a car sold via auction, private sale or from a non-franchised dealership may not be as easily approved. Also, it’s worth noting that the purchased car usually has to be less than five years old for the financing to go ahead.
Lastly, Capital Finance will look at the age of the vehicle to calculate the interest rate on the loan, not the credit history of the buyer. Capital Finance will also look carefully at the buyer’s employment history, taking into account how long that person has been in the industry, rather than one particular job.
Both of these factors can work together to make it easier for some applicants to gain approval from Capital Finance where they may not get approved elsewhere, while also enjoying lower interest rates, depending on the car purchased.
Apply for a Capital Finance Car Loan