Autopay Asset Finance (Broker & Dealer)
SecuredVariable rate
Secured variable-rate car loan from $10,000 to $150,000 over 3 to 7 years, available through accredited brokers and dealers. Rates are personalised to your Equifax OneScore credit band and also vary by factors including vehicle age, loan-to-value ratio and residential status. Balloon payment options available.
- Interest rate a year, from
- 7.70%
- Comparison rate, from
- Not published
- Establishment fee
- Not published
- Monthly fee
- $13
- Borrow
- $10,000 to $150,000
Monthly repayment
$20,000 over 3 years
What it would cost
At the lowest published rate of 7.70%, including the monthly fee. The rate you are offered depends on your circumstances, and the establishment fee is not included.
- Monthly repayment
- $636
- Total repayments
- $22,913
- Interest and monthly fees
- $2,913
Loan details
Rates
- Interest rate (a year)
- 7.70%–15.65%
- Comparison rate (a year)
- Not published
- Rate type
- Variable
- Security
- Secured
Limits and fees
- Loan amount
- $10,000 to $150,000
- Loan term
- 3 years to 7 years
- Establishment fee
- Not published
- Monthly fee
- $13
How it compares
Against the other secured car loans we compare. Typical means the middle half of them.
Cost of $20,000 over 5 years
$4,910
Interest and fees at its starting rate. Typical is $4,663.
Monthly fee
$13
A typical monthly fee is $8.
Most you can borrow
$150,000
Typically you can borrow up to $130,000.
Longest term
7 years
7 years is the usual longest term.
Pros and cons
Pros
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
Cons
- Your rate isn't known until you apply. It's set by your credit history and finances, anywhere from 7.70% to 15.65%, and only some people get the starting rate.
- A $13 monthly fee. That adds $750 over 5 years, as well as the interest.
- A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.