FLEXIBLE CAR LOAN

Our flexible car loans offer a sharp rate quick and hassle free, so you can get moving faster.

Get into a set of wheels with a great deal

We’ve combined our best car loan interest rate with flexible repayment options to help you drive away sooner..

  • Borrow up to $300,000

  • Loan terms up to 5 years

  • Balloon payment options

  • Discounts apply for electric vehicles

  • Rates from 8.95% p.a. (10.54% p.a. comparison rate)

Easy to understand features, variables and fees

Features

Maximum loan amount* $300,000.00

Minimum loan amount $15,000.00

Maximum loan term 5 years

Minimum loan term 2 years

Repayments weekly, fortnightly, monthly ✅

Balloon payments ✅

Discounts apply for electric vehicles ✅

Loan variables

New or used vehicles accepted ✅

Fees

Application fee - Varies

Ongoing fee - $10 per month

Discharge fee - $125

Things you should know:

1* Comparison rates are based on a secured $30,000 car loan over a 5-year term, with no balloon payment for a new car. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable. The actual interest rate applicable will depend on our assessment criteria. Higher interest rates apply where the loan to value ratio is above 120% based on Glass’s retail value. Additional interest rate loadings also apply where used vehicles are provided as security for the loan.

2* Maximum loan amount for applicants under 23 years of age is $25,000.

3* The maximum vehicle age at the end of the loan term is 8 years for any loan with a balloon payment.

6* Interest rate loading apply to older vehicles, resulting in higher interest rates. Please email us at info@modelcapitalsolutions.com for details.

7* An interest rate discount of 0.25% p.a. applies for new and used plug-in electrical vehicles. Hybrids excluded.

^Other fees, charges and commissions may apply.

^^Early termination fees such as break costs may apply.

1A* Secured personal loan interest rates will range from 5.90% p.a. to 19.19% p.a. and will depend on our assessment criteria and the personal loan product you qualify for. Comparison rates range from 6.33% p.a. to 20.77% p.a. This comparison rate is based on a secured $30,000 loan over a 5-year term with no balloon for a new vehicle. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.

1B* Unsecured personal loan interest rates will range from 6.55% p.a. to 19.99% p.a. and will depend on our assessment criteria and the personal loan product you qualify for. Comparison rates range from 6.55% p.a. to 21.49% p.a. This comparison rate is based on an unsecured $30,000 loan over a 5-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.

Frequently asked questions

  • A car loan provides you with a lump sum of money for you to purchase a car (or caravan!). It’s then yours to drive, while also making monthly payments on the loan, which include interest at a fixed rate and on some loans, fees. If you’re in the market for a car, Please email us at info@modelcapitalsolutions.com today to find out more.

  • A secured car loan is one where the car being purchased becomes the security for the loan. Liberty has a range of car loans to suit borrowers' needs. So, whether it's a new or a used car you are after, contact us at info@modelcapitalsolutions.com today for more details.

  • The most obvious benefit of a car loan is that you can purchase a car without having to pay upfront. Most people do not have the necessary savings to pay for the cost of a car in full or would prefer to use their savings for other things. And, if you need a car urgently, you don't have to wait until you've saved up for the total cost.

  • Sometimes known as a residual payment, a balloon payment is a lump sum amount due at the end of the car loan term to finalise the contract. The benefit is reduced monthly repayments over the loan term. With a balloon, you will pay more interest over the loan and you will have to plan for the balloon payment. Contact us at info@modelcapitalsolutions.com today if you are interested in how a balloon payment could help you.

  • A target market determination describes who a product may be suitable for, based on likely needs, objectives, and financial situation. It also outlines who can distribute our products, how they can do this, and examples of situations when we may need to review our products and the target market. To help you understand the target market determination for the different product options, please email us at info@modelcapitalsolutions.com for more details.

Ready to get moving?

Wherever you are in your journey, help is here however you need it.