Yes – self-employed workers are just as eligible to purchase their vehicles with finance as any other PAYG worker. Because you don’t receive payslips like is standard, you’ll need to supply business and personal tax returns to qualify for your loan. If you don’t have these, though, you’ll be required to apply to a specialist lender for a low doc or ABN car loan, which utilises alternative documentation instead.

Novated leases and car loans have several key differences. This type of lease involves a three-way agreement between you, your financier and your employer, whereby the car is leased to you and your employer covers its payments by deducting the required amount from your pre-tax salary. In doing so, the amount of income tax you’re liable to pay is reduced. However, you don’t actually own the car until the residual is paid and it works out to be more expensive in the long run to continually take out novated leases than pay for a Kia outright.

Probably not – in terms of which is better for you to buy your next vehicle, car loans are almost always better than personal loans. While the ways you can use your funds are far more varied with a personal loan (or unsecured car loan), the reality is that borrowing is far more restrictive (capped at $50,000) and they usually come with higher interest rates and fees. You may need a personal loan to buy a car if it doesn’t otherwise fit within your lender’s eligibility criteria, such as being too old, but if your car is new or used and in good condition, a car loan is always the best option.

The stamp duty you’ll pay on your Kia purchase will depend on where you live and how much it costs, among other potential factors. This calculation is different depending on which state or territory you live in, with each one having its own formula for calculating stamp duty. For instance, in the ACT, a car’s environmental performance affects the cost of stamp duty, while New South Wales calculates based on its price alone.

Yes – provided you can meet their income requirements and comfortably support your car loan’s repayments, you can be approved for Kia car finance on a low income. However, your borrowing capacity will be impacted by the income you earn, as your lender will always want to leave room for error in your repayments.