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Motor Vehicle Finance

There are many different finance options available to help you buy a new or used car. The option that is best for you depends on your financial situation and lifestyle.

Some of the more populare finance options for motor vehicle purchases are

Use the equity in your home or redraw on your Home Loan

If you have available equity in your home, you might be able to arrange for a loan increase to assist with the cost of the purchase. The rate will be cheaper than if you were to borrow on a personal loan. If you are considering this option make sure you talk to us about structuring your repayments so that you actually pay off the car over a 3 - 5 year period. You don't want to pay off this type of consumer debt over 20 or 30 years.

Personal Loans

This is a great option if you do not have equity or redraw available in a home loan.

Leasing or Hire Purchase

If you run a business or are self employed a commercial lease might be a good option for you. Don't forget to talk to your accountant about the tax benefitis of using this type of finance.


For more information on motor vehicle loans contact us today.

Car buying service

Whatever type of finance you choose, don't forget that Shire First Mortgages has a special relationship with Private Fleet, Australia's number one car buying service.

Private Fleet is a free service for Shire First Mortgages clients and can potentially save you thousands of dollars. To access the service you can contact us or call Private Fleet on  1300 882 056 and mention Shire First Mortgages.

Click here  for more information.