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Finance News from Loans For Cars

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Finance News

Non-Bank Lenders Now Play a Bigger Role in Australian Car Finance Non-Bank Lenders Now Play a Bigger Role in Australian Car Finance
25 Jun 2026: Paige Estritori

A new Australian Finance Industry Association report, released on 5 June 2026, highlights how important non-bank lenders have become in the vehicle finance market. According to the report, motor finance non-bank lenders helped 507,000 consumer and commercial customers buy vehicles in 2025, providing $24.4 billion in loans. By the end of that year, their active loan books were worth $53 billion. - read more
Electric Vehicles Capture 20% of Australian New Car Market Electric Vehicles Capture 20% of Australian New Car Market
11 Jun 2026: Paige Estritori

In May 2026, electric vehicles (EVs) achieved a significant milestone in Australia, accounting for 20% of all new car sales. This development indicates a substantial shift in consumer preferences towards more sustainable transportation options. - read more
ASIC Calls for Enhanced Standards in Auto Finance Lending ASIC Calls for Enhanced Standards in Auto Finance Lending
11 Jun 2026: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the motor vehicle finance sector, uncovering significant concerns regarding lending practices. This examination has highlighted issues such as exorbitant establishment fees and a troubling rate of early loan defaults, raising questions about the adequacy of current lending standards. - read more
Electric Vehicle Financing Defies Market Trends with 48% Growth Electric Vehicle Financing Defies Market Trends with 48% Growth
04 Jun 2026: Paige Estritori

In a remarkable development, electric vehicle (EV) financing in Australia has experienced a 48% year-on-year increase, even as the overall motor finance market saw a 3% decline. This data, released by the Australian Finance Industry Association (AFIA), underscores a significant shift in consumer preferences towards sustainable transportation options. - read more
Understanding the Impact of RBA's Rate Hikes on Your Borrowing Power Understanding the Impact of RBA's Rate Hikes on Your Borrowing Power
04 Jun 2026: Paige Estritori

The Reserve Bank of Australia (RBA) has implemented three consecutive rate hikes in 2026, bringing the official cash rate to 4.35%. With the next RBA board meeting scheduled for 16 June, borrowers across Australia are keenly awaiting potential further changes and their implications. - read more
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Car Loans Articles

Leveraging Trade-In Values and Loans for an Australian Car Upgrade
Leveraging Trade-In Values and Loans for an Australian Car Upgrade
For many Australians, a car is more than just a means of transportation; it's a symbol of freedom, a tool for exploration, and often, a reflection of personal style. With the auto market continually evolving, staying abreast of current trends is key for car buyers looking to upgrade. New models with advanced technology, improved fuel efficiency, and enhanced safety features enter the market each year, making the prospect of upgrading increasingly appealing. - read more
Loans for Cars: Finding out if you Qualify
Loans for Cars: Finding out if you Qualify
Qualifying for a car loan isn't all that difficult. There are a few key things that lenders will look at when considering your application, including your income, credit history/existing loans, employment, age, and residency atatus. As long as you have a good understanding of these factors, you’ll be in a much better position to qualify for a car loan. Keep reading to learn everything you need to know about qualifying for a car loan! - read more
Understanding Specialist Lenders: The Secret to Better Car Loan Terms
Understanding Specialist Lenders: The Secret to Better Car Loan Terms
Specialist lenders are financial institutions that offer tailored loan products to meet the unique needs of borrowers who may not be well-served by traditional banks. These lenders often have more flexible lending criteria and can accommodate a broader range of financial situations. - read more
Five Common Mistakes First-Time Car Buyers Make and How to Avoid Them
Five Common Mistakes First-Time Car Buyers Make and How to Avoid Them
Buying your first car is an exciting milestone that can offer a sense of independence and freedom. Whether you're envisioning weekend getaways or a smoother daily commute, the joy of car ownership holds a special thrill. However, alongside this excitement, it is crucial to approach this journey with awareness and preparation to ensure you make a smart financial decision. - read more
Insurance Renewal Approaching? Tips to Ensure You're Still Getting the Best Rate!
Insurance Renewal Approaching? Tips to Ensure You're Still Getting the Best Rate!
Is it that time of the year again when your car insurance is up for renewal? Often, it comes as a reminder in the mail or a notification from your insurer. But instead of instinctively renewing your existing policy, let's pause and explore the underrated benefits of a periodic insurance review. Taking the time to scrutinize your policy could unveil potential savings and align coverage with your current needs. - read more
Common Car Loan Pitfalls and How to Steer Clear of Them
Common Car Loan Pitfalls and How to Steer Clear of Them
Buying a car is a significant financial decision, and for many Australians, this means taking out a car loan. - read more
Why Australian Car Buyers Should Consider Pre-Approved Car Loans
Why Australian Car Buyers Should Consider Pre-Approved Car Loans
Pre-approved car loans are financing arrangements where a lender evaluates your financial situation and determines an approved loan amount before you start shopping for a vehicle. This process provides buyers a clear understanding of their budget, which helps in making more informed decisions. - read more


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Knowledgebase
Working Capital:
A measure of a company's short-term financial health, calculated as current assets minus current liabilities.