Auto Financing - The Easy Way!
With over 30 years’ experience, AFS makes your auto finance journey, simple and stress-free.
If you are buying a car, caravan, boat, or commercial vehicle, we have competitive fixed rates. We also offer no deposit options and a fast online application. This makes us a smart alternative to traditional banks and lenders.
1. All loans are subject to verification, suitability and affordability.
AFS Loan Products
Finance your new, used, import or classic car with AFS. Enjoy competitive rates, flexible terms.
AFS offers business loans for vans, trucks, and light commercial vehicles. Access competitive rates and flexible repayment options.
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Why Choose AFS
At AFS, our mission is to empower our customers with financial solutions that meet their unique needs. We strive to deliver unrivalled customer service and build lasting relationships with our clients. Our professional approach ensures that we conduct our business activities efficiently, honestly, and fairly, in line with our responsible lending obligations. Learn more About AFS here.
- Since 1988, AFS offers competitive auto finance rates and an easy application for car, bike, boat and caravan loans.
- We provide reliable flexible financing for consumers and businesses, specialising in SME loans.
- Excellent customer service, maintaining strong client relationships with honest industry practices.
- Competitive interest rates and a simple apply online form for new or used vehicle financing.
How it Works
What is auto finance?
Auto finance is a type of loan that helps you purchase a vehicle, such as a car, without paying the full amount upfront.
At AFS, we offer fixed-rate loans for a wide range of vehicles. This includes cars, utes, motorbikes, caravans, and even commercial car loans. No matter if you are buying from a dealer, a private seller, or an auction, we could1 help you get funding. We offer flexible loan terms that range from 2 to 7 years.
You could borrow from $5,000 to $130,000. There is 100% finance available - meaning no down payment is required for approved applicants. Our easy online application process, quick approvals, and local Australian support team help you get on the road faster.
We offer a range of car loans from new and used car loans to vintage and classic car loans. Other vehicle finance products are also considered ranging from motorbike loans, caravan finance to boat finance and commercial loans.
Advantages of financing a vehicle through AFS
Vehicle finance with AFS comes with a range of benefits designed to suit your needs:
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No Deposit Required
Approved applicants can access 100% finance, making it easier to get started without upfront costs. -
Fixed Interest Rates
Enjoy predictable repayments over the life of your loan with our fixed-rate structure. -
Flexible Loan Terms
Choose a loan term from 2 to 7 years (12 to 84 months) to suit your budget and goals. -
Fast Turnaround Times
We aim to provide pre-approval within 4 business hours, with settlement typically in 24 - 48 hours. -
Broad Vehicle Range
Finance almost any type of vehicle, including new, used, imported, or vintage - regardless of age. -
Dealer, Auction, or Private Sales
Buy from where you want - AFS supports purchases from dealers, auctions, and private sellers. -
Australian-Based Team
Your application is processed in-house by our experienced Australian lending specialists. -
Criteria Flexibility
We consider applicants with a wide range of credit and employment histories, including self-employed and ABN holders.
Car & Vehicle Finance FAQs
How does auto finance work?
Auto finance is a general term for a loan used to buy a vehicle. This can include a car, motorbike, caravan, or even a boat.
With AFS, you apply online and, if approved, we lend you the funds (money) to purchase the vehicle. You then repay the loan over time with fixed weekly, fortnightly, or monthly loan repayments.
The team based in Australia secures the loan against the vehicle and manages the process from start to finish.
How long will it take to approve my loan application?
Once you've submitted your loan enquiry, approval is conditional pending credit checks and verification of the details you have supplied.
You could expect an approval decision within 48 hours, subject to satisfactory checks and verification of your financial information.
What do l need to apply?
Everything is completed electronically, with no paperwork required. Once submitted, our Australian lending team reviews your application and can often give you a pre-approval decision within hours.
What is the minimum amount l can borrow?
The minimum amount you can borrow at AFS is $5,000. AFS will provide financing of up to $130,000. This amount depends on the price of the asset you are buying and your ability to repay the loan.
Do I need a deposit for auto financing?
Approved applicants may be eligible for full vehicle finance with no upfront payment. We offer up to 100% auto finance, meaning you could borrow the full purchase price of the vehicle1.
Whether you're buying from a dealer, private seller, or auction. All applications are assessed individually, and approval is subject to eligibility.
Are there any fees payable to apply?
No. There are no fees payable to AFS or any third party to apply for a car loan or car finance. However, AFS will charge you some fees should you decide to proceed with the loan once you’re approved.
It is important that you fully understand the fees, loan interest rates and charges associated with a particular financial product.
Example Car Finance Cost Summary
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $1,343 | $6,343 |
| 24 months at 7.99% APR & 23.98% Comparison Rate | ||
| $10,000 | $2,398 | $12,398 |
| 36 months at 7.99% APR & 14.53% Comparison Rate | ||
| $25,000 | $6,931 | $31,931 |
| 60 months at 7.99% APR & 10.08% Comparison Rate | ||
| $50,000 | $15,720 | $65,720 |
| 72 months at 8.49% APR & 9.46% Comparison Rate | ||
| $75,000 | $22,713 | $97,713 |
| 72 months at 8.49% APR & 9.14% Comparison Rate | ||
| $130,000 | $44,821 | $174,821 |
| 84 months at 8.49% APR & 8.84% Comparison Rate | ||
EXAMPLE: A secured car loan of $50,000 for 72 months has fees and charges totalling $15,720 and a total repayment of $65,720. The Minimum loan term is 24 months and the Maximum term 72 months. The loan term will be 72 months, 144 fortnights or 312 weeks. The Maximum APR is 8.49%. The Comparison Rate, based on a loan of $75,000 over six years, is 9.46%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 383 762.
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1 All loans are subject to affordability, suitability and verification.
* Finance subject to approval, including the application lending criteria. Terms and Conditions apply. Fees and Charges are payable. Interest rates vary depending on the applicant's credit score and associated credit risks. The credit provider is Automotive Financial Services Pty Ltd - Australian Credit Licence 383 762.
** Seven year loan terms by request only.