Apply for a Car Loan

Car Loans

Most people walk into a dealership and take whatever finance rate is offered. A broker compares options across 30+ lenders to find a rate and structure that actually fits your situation.

who is this service for

Is a car loan through Borro™ right for you?

This is probably for you if:

You're buying a new or used vehicle and want to compare rates beyond the dealership
You're self-employed or a business owner financing a work vehicle
You have an existing car loan at a rate that feels high
You want someone to handle the paperwork and negotiate on your behalf
You're purchasing through a private sale and need finance sorted independently

Probably not for you if:

GET IN TOUCH

What actually happens when you get in touch?

No surprises. Here's exactly what to expect.

Step 1

We call you within one business day

A quick call to understand what you’re buying, your timeline, and whether you’re purchasing personally or through a business. Takes about 10 minutes.

Step 2

We compare your options

We search across 30+ lenders and come back with the most competitive rates and structures for your situation. For business purchases we’ll flag whether a chattel mortgage or hire purchase makes more sense than a standard loan.

Step 3

You review and decide

We present your options clearly. No pressure to proceed. If you want to go ahead, we handle the application and all lender communication from here.

Step 4

Funds settle directly

Once approved, funds go straight to the dealer or private seller. You get the keys. We stay in touch after settlement in case your circumstances change.

The whole process from first chat to approval typically takes 2-5 business days for straightforward applications.

Over 300 5-star Reviews on Google

Dealer rate

9.8%

Borro™ rate

6.4%

Savings

$3,200

Settlement

5 Days

Car loan case study

How a local couple saved thousands with the help of Borro™

Ages 34 & 36 · Nurse & Electrician · Logan, QLD · March 2026

The couple had been quoted 9.8% through the dealership for the SUV and were planning to use savings for the work vehicle. Borro™ compared options across their lender panel and secured both vehicles under separate loan structures. The SUV came in at 6.4% and the work ute was structured as a chattel mortgage, giving the electrician full tax deductibility on the vehicle.

benefits of using a broker

Why finance your car through Borro™?

Compare rates across 30+ lenders, not just the dealership's in-house finance

See options side by side and understand what's most relevant to you.

Consumer and business vehicles covered under  one broker

Get a straightforward explanation of your position and next steps.

Chattel mortgage, hire purchase, and standard car loan structures available

A structured approach that saves time and reduces uncertainty.

Business vehicle finance structured for maximum  tax efficiency

Work with a team that prioritizes transparency and your goals.

Approval possible within 24-48 hours for straightforward applications

Faster turnaround for simple scenarios.

New, used, dealer, and private sale purchases all supported

Flexible options for different buying scenarios.

how it works

How to get your car loan sorted with Borro™

Step 01

Tell us what  you need

New or used, personal or business – we start with a quick chat to understand what you’re buying and how you want to structure it. No paperwork upfront.

Step 02

We compare  your options

We search across 30+ lenders to find a rate and structure that fits your situation. For business vehicles we look at tax-effective structures like chattel mortgage or hire purchase.

Step 03

We handle the application

Once you’re happy with the option we recommend, we manage the paperwork and liaise with the lender directly. You stay updated throughout.

Step 04

You drive away

Funds settle directly with the seller or dealer. We stay in touch after settlement in case your circumstances change or a better deal becomes available.

Common questions about car loans

Frequently Asked Questions

Can Borro finance both new and used cars?

Yes. We can finance new vehicles, used vehicles, dealer purchases, and private sales. Eligibility criteria may vary between lenders depending on the age and condition of the vehicle.

What's the difference between a car loan and a chattel mortgage?

A standard car loan is typically used for personal vehicles. A chattel mortgage is a business finance structure where the vehicle is used as security — it allows the business to claim GST upfront and may offer tax deductions on interest and depreciation. If you’re buying a vehicle primarily for business use, a chattel mortgage is usually worth discussing.

Can I refinance my existing car loan?

Yes. If your current rate is higher than what’s available now, refinancing could reduce your repayments or shorten your loan term. It’s worth a quick review.

How long does car loan approval take?

For straightforward applications, approval can come through within 24-48 hours. More complex situations such as self-employed borrowers or older used vehicles may take a little longer.

Does Borro charge a fee for car loan broking?

No. Our service is free to you. We’re paid a commission by the lender when your loan settles.

Can I use a car loan for a work vehicle?

Yes, though the right structure depends on whether the vehicle is for personal or business use. For primarily business-use vehicles, a chattel mortgage or hire purchase may be more tax-effective. We’ll help you work out the right fit.

What documents do I need?

Typically photo ID, recent payslips or business financials if self-employed, bank statements, and details of the vehicle you’re purchasing. Your broker will confirm exactly what’s needed.

Will applying affect my credit score?

We do an initial assessment before any formal application is submitted, so you have a clear picture before anything is lodged with a lender.

MEET THE TEAM

Your Logan Lending Experts.

Cara Giovinazzo

Managing Director & Senior Mortgage Broker

Borro™ - Brisbane Dip. Finance & Mortgage Broking View Profile

Kelly Paterson

Senior Mortgage Broker

Brisbane Dip. Mortgage Broking View Profile

Karlee Spence

Mortgage Broker

Brisbane Dip. Mortgage Broking View Profile

Campbell Moylan

Mortgage Broker

Melbourne B. Comm/B. Finance, Grad. Cert. (Financial Technology), Cert IV Financial Services View Profile

Ben Bath

Mortgage Broker

Brisbane Cert IV Mortgage Broking View Profile

Xatiese Wilson

Client Service Manager

Brisbane Cert III Business, Cert IV Finance & Mortgage Broking View Profile

Lina Faavae

Client Service Manager

Brisbane View Profile

Cris-an Pution

Settlement Officer

View Profile

Chia Sales

Settlement Officer

View Profile

Our Sevices

How We Help Logan Borrowers

We offer tailored mortgage solutions for Loganholme borrowers—whether you’re buying by the beach, refinancing inland, or growing your property portfolio.

Asset Finance View ↗

Purchase a new vehicle or other asset and equipment types.

Buying Your First Home View ↗

Let Borro™ bring calm to the chaos of the entire home buying journey.

Business Finance View ↗

Take your business to the next level with Borro™.

Refinance Your Home View ↗

Review your home loans and find a competitive interest rate.

Refinance Your SMSF Loan View ↗

Our team takes care of the heavy lifting, from initial eligibility checks and pre-approvals to application support and post-settlement assistance.

Debt Consolidation View ↗

Consolidate debt, reduce interest, free up your budget with Borro™.

Investing in Property View ↗

Secure a competitive mortgage for your Australian investment property.

Personal Loans View ↗

Let us help you find the right personal finance solution for you.

Pre-Approval View ↗

Gain home buying confidence with pre-approval for your price range.

Calculator Hub View ↗

Our calculators help you make informed financial decisions with ease.

MASTER YOUR FINANCES WITH OUR FINANCIAL CALCULATORS

Crunch the numbers.

Take control of your financial future with our specialised finance calculators. From budgeting and loan comparisons to investment projections, our tools offer clear insights and accurate calculations to help you make informed decisions. Explore our suite of calculators and start planning smarter today!