Car loan broker in Sydney, rated 5.0 from 340 Google reviews.

No. Most Sydney clients deal with their broker by phone, email and video, and sign electronically. The office at Level 14, 3 Parramatta Square is there if you prefer to meet in person; hours are Monday to Friday, 8:30am – 5:30pm.

Lyft Money is usually paid a commission by the lender when a loan settles, and we disclose it before you apply. If any fee is payable by you, it is quoted in writing first. As a credit assistance provider we also complete a responsible lending assessment and quote the comparison rate so you can see the true cost.

Search the broker's Australian Credit Licence on ASIC's Professional Registers and confirm they are a member of the Australian Financial Complaints Authority (AFCA). Lyft Money operates under ACL 541052 and is AFCA member 93387. Then read recent Google reviews and ask how many lenders they compare and how they are paid.

We are a finance broker. We compare suitable options from our lender panel and help you through the process. We explain any broker fee and how we are paid before you proceed. The lender assesses and decides the application.

A personal car loan is consumer credit regulated by the National Consumer Credit Protection Act. That brings responsible lending obligations on the lender and the broker, a requirement to quote a comparison rate, and access to consumer dispute resolution. Business vehicle finance for a genuine business purpose generally sits outside that regime and is assessed on the business rather than household budget. The security over the vehicle can look similar; the disclosure, protections and tax treatment do not.

It depends on your salary, the vehicle and how much you drive. Novated leases tend to win for higher earners, for eligible electric vehicles because of the FBT exemption, and for people who value one bundled payment for all running costs. A car loan can be better for lower earners, for very low kilometres, or where the employer’s packaging provider adds high fees. Lyft Money compares the two honestly for your situation rather than assuming one answer.

A comparison rate combines the interest rate with most of the upfront and ongoing fees into a single percentage, so two loans can be compared on a like-for-like basis. Australian lenders must quote it for consumer car loans, and it is calculated on a standard example loan, so your own figure can differ. A loan with a low headline rate and high fees can have a higher comparison rate than one with a slightly higher rate and no fees, which is why Lyft Money quotes the comparison rate up front.

No. Talking to Lyft Money about your options does not involve a credit check. A credit enquiry is only made when you decide to proceed with an application to a specific lender, and your broker explains that step and gets your consent first. Because we check which lenders are likely to approve you before applying, you avoid multiple enquiries on your file.

Yes. Used cars from dealers and private sellers are financed, with most lenders allowing the car to be up to around 12 to 15 years old at the end of the loan. For a private sale the lender checks the PPSR to confirm the car has no finance owing, verifies the seller and usually requires an inspection, then pays the seller directly at settlement. Allow a few extra days compared with a dealer purchase.

A balloon lowers your monthly repayment by leaving a lump sum to pay at the end, commonly 20 to 30 per cent of the car’s price. It suits people who plan to sell or trade the car at the end of the term and use the proceeds to clear the balloon. It costs more in total interest, and if the car is worth less than the balloon at the end you make up the difference. Your broker shows the repayment and total cost with and without a balloon so you can decide.