Car Loans Adelaide

Lenders base car finance interest rates on a range of factors. Secured car loans from Savvy come with lower interest rates than finance agreements like personal loans where you provide no collateral to lenders. All lending is costed on the basis of risk. That means, the more security you provide, the less you’ll pay in charges. When you take out a secured car loan in Adelaide, the loan provider will check that the value of your car covers your borrowing too – to assess whether it offers adequate security. That can mean newer cars attract lower interest rates.

No. You can use a range of car finance products to buy either new or used vehicles up to a certain age. However, be aware that lenders may charge higher interest rates for purchasing older cars. The cheapest deals will generally get offered for cars that are new or just a couple of years old when you purchase them.

You can borrow 100% of your new car cost, or choose to use an old car as a trade-in, to reduce repayment amounts by minimising how much you borrow. Trading in your old vehicle can also save you the hassle of selling it privately. Using a cash deposit is an excellent method of bringing down the cost of borrowing, but it's by no means compulsory.

Savvy partners with specialist car loan lenders to bring you a range of flexible repayment options. In Adelaide, car loan agreements run between just twelve months and seven years. Deposits are not compulsory, and you can choose to borrow the entire cost of your new car. However, in terms of what you pay and how long for, a deposit can add some flexibility. For instance, you can use one to reduce the amount you repay on a monthly basis – or you can keep the repayment amounts but reduce the term of the loan instead. At Savvy, we have a car loan option to suit most budgets, financial goals and circumstances.

At Savvy, we help lots of Adelaide car buyers get pre-approved for car finance – and then eventually go on to buy the vehicle they want. Getting pre-approved for a car loan in Adelaide is easy. Lenders will assess your situation and borrowing power by making a soft enquiry about your credit rating (which doesn’t show on your report) and they’ll also look at your finances, regular spending and earnings so they can let you have a ceiling amount in terms of what you can borrow. You’ll then be free to shop around – using auction sites, private, and dealership sales. Loan pre-approvals carry no obligation to go ahead with finance.

South Australia’s subsidy scheme, which offered a $3,000 subsidy on new battery electric and hydrogen fuel cell vehicles, closed on 1 January 2024. However, certain electric vehicles registered before 30 June 2025 are still eligible for a three-year registration exemption.