Get a Personal Ute Loan, Quick And Easy

Personal ute finance means getting a loan to buy a ute instead of paying the full amount upfront. You borrow money and agree to pay it back, with interest, over time. There are different types, like fixed rates, novated leases, salary packages and refinancing. The details, including interest rates and payments, depend on your financial situation. Find out more about our types of ute loans here.

Yes, you can finance both used utes and brand new ones. We offer financing options for both types of vehicles. Whether you're interested in purchasing a pre-owned vehicle or a brand new one, you can typically find loan options that suit your needs. Just keep in mind that the terms and conditions of the loan, such as interest rates and repayment schedules, vary based on whether the ute is new or used, as well as factors like the ute's age and condition.

Yes, you can still get ute finance even if you have bad credit. At Motor Money, we have connections with many different kinds of lenders, including some who specifically offer options for individuals with poor credit histories. However, it's important to note that you might face higher interest rates and stricter terms compared to those with better credit. We negotiate on your behalf to ensure you get the best possible loan terms.

Having a good credit score can make a big difference when applying for loans, as a lower score might mean higher interest rates. The good news is that you can take steps to improve it! Here are some tips:

• Pay your rent, mortgage, and utility bills on time.
• Stay on top of credit card payments, aim to pay more than the minimum, and consider reducing your credit limit.
• Avoid submitting too many credit applications.

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These small changes can go a long way toward boosting your score and helping you secure better loan terms.

Anywhere between 1 and 7 years, based on your needs.

While some lenders may ask for a deposit, you can still get a ute loan without one, allowing you to borrow the full value of the ute over the loan term. A deposit can help lower your monthly payments and the total interest you pay, but it’s worth checking if it’s actually required for your situation.

A balloon payment is a one-time lump sum you agree to pay your lender at the end of your ute loan. It’s called a "balloon" because it’s much larger than your other payments—often up to 40% of the ute’s purchase price, depending on the loan term and other factors. This setup can significantly lower your regular repayments, however you’ll pay more interest over the term of the loan.Balloon payments are usually an option for new, demo, or utes that are less than a year old.

Absolutely! If you're self-employed, you can still apply for a personal ute loan. Generally, you'll need to provide your ATO-issued Individual Notice of Assessment for the current or previous financial year. Reach out to the team at Motor Money to discuss your unique circumstances, and we’ll help you find the best option tailored to your needs.

Several factors influence your borrowing capacity, as well as the terms, interest rates, and duration of a ute loan. Because of this, it’s difficult to pinpoint exactly how much you can borrow for a ute loan. To learn more, get in touch with the Motor Money team today!

Yes, we can help you get pre-approval! Having pre-approval can give you a stronger position when negotiating the price of a ute. Relying on the dealer for loan approval can make it harder to negotiate, but with a pre-approved loan and a clear budget, you can bargain with confidence.

While many people arrange ute finance through their bank or directly at the dealership, working with a ute finance broker gives you access to more options and the reassurance that an expert is handling the legwork to find the best solution for your needs.

Some benefits include:

• Improved chances of loan approval
• Access to expert advice and guidance
• Significant savings in both time and money
• A financing solution tailored specifically for you

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Did you know you can often upgrade to a new ute, even when your existing ute is still under finance? Depending on your situation, a few simple steps can help you decide if upgrading your ute while managing existing finance is the right choice. Upgrading your ute now could even lower your monthly repayments with a new finance plan. Speak to the team at Motor Money to see if this is an option for you. We’ll help you explore refinancing options to get you into a newer, better ute while keeping your repayments manageable!

Yes, you can purchase a vehicle through a dealership or private seller. The vehicle must be registered and be in a roadworthy condition.