Your New Ride Starts Here
Personal Vehicle Finance
Looking to buy a car, ute, or 4WD? We help everyday Australians secure great rates on car loans for new or used vehicles – from dealerships or private sellers. Drive away with confidence and finance that fits your lifestyle.
5-Star Google Reviews
Satisfied Customers
Million In Funds Delivered
Personal Vehicle Finance Benefits
At Lyft Money, we’re not just about business – we also help individuals find car loans that make sense. Whether it’s your first car, an upgrade, or a family SUV, we’ll help you secure a flexible, competitive loan that suits your budget and goals.
-
Finance for new or used vehicles
-
Buy from a dealer, auction, or private sale
-
No-deposit options available
-
Fixed rates and predictable monthly repayments
-
Pre-approval available so you can shop with confidence
-
Flexible terms from 1 to 7 years
-
Fast approvals with minimal paperwork
-
Friendly support from real finance professionals
Why Choose Lyft Money for Personal Asset Finance?
Ready to drive away in your new car, motorcycle, or recreational vehicle? Lyft Money makes personal asset finance simple, affordable, and tailored to your lifestyle. Whether buying from a dealership or privately, we’ve got you covered.
-
Finance for cars, motorcycles, boats, and caravans
-
Fast approvals, often within 24 hours
-
Low interest rates starting from 5.94%
-
Loan terms from 1 to 7 years
-
No early repayment penalties
Our Services
Personal Vehicle Finance
What, When, Who?
What is Personal Vehicle Finance?
Personal vehicle finance helps individuals buy a car or other road vehicle using a secured or unsecured loan. The loan is repaid over a fixed period, with either fixed or variable interest rates. The vehicle itself can often be used as security for lower rates.
When Should You Use Vehicle Finance?
Car finance is ideal when:
-
You want to buy a car but don’t want to pay cash upfront
-
You’re upgrading your current vehicle
-
You’ve found a great deal with a private seller
-
You want to refinance your current car loan for a better rate
-
You’re after fixed, manageable repayments
Who Is It Great For?
Perfect for:
-
First-time car buyers
-
Families needing a second vehicle
-
People upgrading to a newer or more reliable car
-
Individuals buying from private sellers
-
Anyone wanting simple, structured repayments
Our Services
Lyft Money Personal Car Loans
Our Service
Buying a car should be exciting – not stressful. We make car loans simple, fast, and tailored to your needs so you can drive away with confidence and control.
Contact Us
Ready to Get Started?
Apply in minutes – no upfront costs, no obligation, and no impact on your credit score. Just straight-up support, when you need it
Testimonials
what people say about us
Jane Sonata
Travis Baker
Logan Diggs
Kate Morrison
Frequently asked questions
Find answers to commonly asked questions. If you still need help, feel free to contact us by clicking the blue button below.
1. Can I get finance with bad credit?
Yes, some lenders specialise in bad credit car loans.
You may pay a higher rate or need extra paperwork, but approvals are possible.
Example: A client with a default still secured a loan by showing stable current income.
2. Do I need a deposit, or can I get 100% finance?
No-deposit car and truck loans are common in Australia.
- A deposit lowers repayments but isn’t always required.
- Many lenders advertise “no deposit? no problem.”
3. What documents will I need?
For most applications you’ll need a driver’s licence, two recent payslips or three months of bank statements, and proof of insurance.
- If you’re self-employed, you may be able to apply under a low-doc option.
- If low-doc isn’t suitable, lenders will generally require six months of bank statements, an accountant’s letter, or recent tax returns.
Having these ready upfront helps speed up approval.
4. Can I apply with a co-borrower or guarantor?
These days, guarantors are not very common in Australia.
- Instead, most joint applications are done with a co-borrower, usually a spouse.
- For example, a husband and wife may apply together so both incomes are considered, helping to cover the loan as well as monthly living expenses.
5. What’s a comparison rate?
It’s the true cost of the loan—interest + standard fees.
- A 6% interest loan with $10/month fees might show a 6.5% comparison rate.
- Always compare this number, not just the headline rate.
6. Are there hidden fees I should know about?
Typical fees include an establishment fee, broker fee and sometimes a small monthly admin fee.
- We disclose all fees upfront—no surprises.
- Always check for early repayment fees or policies before signing.
7. Can I pay off my loan early?
Often yes, but some lenders charge early payout fees.
- We’ll find you a product that suits your future plans.
- Example: Some loans allow unlimited extra repayments without penalty.
8. Are car loan rates fixed or variable?
Most car loans in Australia are fixed.
- This makes budgeting easier.
- Variable exists but is less common for cars.
9. Do I own the car if it’s financed?
Yes, you own it from day one.
- The lender just registers an interest until the loan is paid.
10. What happens at the end of my loan term?
With no balloon—you own the car outright.
- With a balloon—you pay, refinance, or sell the car to cover it.
11. Can I sell or trade in my car before paying it off?
Yes, you can — but the loan must be settled first.
- If you trade in with a dealer, they’ll usually handle the payout directly with your lender as part of the transaction.
- If you sell privately, the buyer can arrange finance to cover the payout letter and finalise your loan.
- Alternatively, if the buyer pays cash, they can clear the payout with your lender, and any surplus above the loan balance is paid directly to you.
12. What if my financed car is written off or stolen?
Insurance pays out first to clear your loan.
- GAP insurance covers any shortfall if the payout is less than what you owe.
13. Can I finance a used vehicle, or is finance only for new cars?
Yes, you can finance both new and used vehicles in Australia.
- Most lenders set age limits, meaning the vehicle must not be older than 12–20 years by the end of the loan term.
- In addition, we also work with lenders who have no age restrictions, which is helpful if you’re purchasing a classic car, an older truck, or specialised equipment.
- Used car loans may carry slightly higher rates than new cars, but financing utes, trucks, and second-hand vehicles is very common.
14. What income do I need to qualify?
Most lenders require about $26,000+ per year (around $500/week).
- This can include wages or certain Centrelink payments.
- Couples can apply together to boost combined income.
15. What’s a balloon payment?
A lump sum due at the end of the loan to keep repayments lower.
- Example: $50,000 truck with 20% balloon = $10,000 due at term’s end.
- Works well if you plan to trade in or upgrade later.
16. Will applying hurt my credit score?
No, checking rates is usually a “soft check.”
- Only when you proceed with a specific lender is a “hard check” done, which can affect your score.
- This means you can shop around safely.