Get pre-approved with your own personalised finance rate
Purchase your dream car!
Frequently Asked Questions
What is Car Finance Pre-approval?
Car finance pre-approval means a lender has agreed, in principle, to lend you an amount of money towards the purchase of your new car but hasn't proceeded to a full or final approval. Car loan pre-approval helps to give you a “price ceiling” to know the maximum that you can spend on your new car.
How do I apply for a Car Loan?
Finding a car loan can sometimes be overwhelming! With Central West Ram, finding a car loan is quick, fast and easy! We have multiple different finance providers who we work with to ensure that we are providing you with the best possible finance rate and finance option to suit your needs. To apply, simply fill out the form above and that will start your finance journey.
How do interest rates work with Car Finance?
Car finance interest rates are very similar to finance you will get with a home loan. Additionally, there are two different types of car loan interest rates: fixed and variable. Here’s how they work:
Fixed interest: A fixed rate loan has the same interest rate for the entirety of the borrowing period, allowing you to get a clear view of what your repayments could look like.
Variable interest: This means that the interest rate for your car loan could either increase or decrease at your lender’s discretion, and therefore increase or decrease your interest repayments accordingly.
What is a Balloon Payment?
A "balloon payment" is a once-off lump sum that is paid at the end of a car loan, covering off the outstanding balance. Because the lump sum is paid at the end of the loan you are only required to pay interest on part of the principle.
Can I buy a New or Used Car for Car Finance?
Yes absolutely! You can choose from our huge range of new or used cars!