Refinancing Car Loans for Targeted Outcomes
Are your current vehicle finance arrangements putting pressure on your budget and cash flow?
Have your circumstances changed and you would like to adapt vehicle finance to better suit the current situation?
Would you like to investigate getting a better interest rate on a current vehicle loan arrangement?
Vehicle finance arrangements can be secured for up to 7 years. Over that time, situations can change. They can change for the individual, for a business, for interest rates and in the general economic and business outlook. If you’re part-way through a vehicle finance term and the loan structure is just not working for you anymore, contact us to discuss refinancing options.
- Affordable refinancing packages
- Competitive interest rates
- Individually structured solutions
Compare the options and decide if the outcome is the best option for your business.

Refinancing Vehicle Finance: Explainer
Refinancing a finance arrangement involves sourcing a completely new to replace the existing arrangement. The amount of the new loan typically encompasses all monies outstanding. That includes the repayments, interest any balloon or residual.
Fees will be applied by the lender of the existing loan for ending the loan term early. These may be included in the new loan total.
- Same or different bank or lender
- Same or different finance product
- Interest rates at current rates
- Vehicle assessed as a used vehicle
- Application assessed on current credit profile

Refinancing for a Cheaper Rate
If the existing loan was secured at a higher interest rate than currently available, a lower rate may be achieved with refinancing. The interest rate applied on the new, refinanced loans will be based on current interest rates for used vehicles.
Where the original loan was secured on a bad credit or no docs basis and the business has improved its credit profile, a cheaper interest rate may be a highly achievable prospect.
Rates will vary across the lender market. Many lenders offering business finance can be extremely competitive and flexible, especially with refinancing. Using our services and resources to compare refinancing rates may assist businesses secure the cheapest offer.
Refinancing for Lower Repayments
Where monthly commitments are putting pressure on cash flow, the objective of refinancing may be to achieve a lower monthly payment through restructuring. A new finance arrangement may be sought over a longer loan term to reduce current repayments.
A larger balloon may be sought which may also reduce repayments.
Refinancing a Balloon/Residual
The balloon or residual on a business finance arrangement is due for payment at the end of the loan term. A new loan may be sought to refinance that amount. Thus saving the use of existing funds and easing potential cash flow pressures.