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Car Loan Refinance
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We make refinancing simple, fast, and stress-free.
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Refinance Your Car Loan in Perth and Compare Options Across 70+ Lenders
Review your existing car finance, compare refinancing options and find out whether a different loan could reduce your repayments, interest costs or loan term.
How Car Loan Refinancing Works
Car loan refinancing involves replacing your existing vehicle loan with a new loan. The new lender pays out the remaining balance on your current finance, and you begin making repayments under the new loan agreement.
Perth borrowers commonly refinance to seek a lower interest rate, reduce regular repayments, change the remaining loan term or move away from a loan that no longer suits their circumstances.
Your financial position and the car finance market may have changed since you first purchased your vehicle. Your income may have increased, your credit profile may have improved or more suitable lender options may now be available.
Refinancing allows you to review your current loan against alternative car finance options. Depending on your eligibility and the terms offered, a new loan may help lower your repayment amount, reduce the interest rate or provide a repayment structure that better matches your current budget.
At Ausloans Perth, we help Western Australian borrowers compare car loan refinance options across a panel of more than 70 lenders. We assess your existing loan, remaining balance, vehicle details and refinancing goals before identifying suitable options.
We support customers throughout Perth, Fremantle, Joondalup, Rockingham, Midland, Cannington, Mandurah and wider Western Australia.
Why Refinance a Car Loan?
There are several reasons you may consider refinancing your existing vehicle finance:
- Seek a lower interest rate
- Reduce weekly, fortnightly or monthly repayments
- Shorten the remaining loan term
- Change from a balloon payment structure
- Consolidate eligible debts into a new loan
- Replace dealership finance with another lender
- Access loan features that better suit your circumstances
A lower repayment does not always mean the loan will cost less overall. Extending the loan term may reduce regular repayments but could increase the total interest paid, so it is important to compare the full cost of refinancing.
What Is Considered When Refinancing?
Refinancing requirements vary between lenders, but they may consider:
- Your current loan payout amount
- The age, condition and value of the vehicle
- Your income, expenses and employment position
- Your credit history and repayment conduct
- The remaining term of your current loan
- Any early repayment, discharge or establishment fees
In some cases, the amount owing on a vehicle may be higher than its current market value. This is sometimes referred to as negative equity and may affect which refinancing options are available.
What You May Need to Apply
To assess a car loan refinance application, you may need to provide:
- Photo identification
- Recent proof of income
- Details of your living expenses and liabilities
- Your current loan statement or payout figure
- Vehicle registration and identification details
- Information about your employment or business income
Before refinancing, you can estimate different repayment scenarios using our car loan calculator . This can help you compare how changes to the interest rate and loan term may affect your repayments.
Ausloans Perth can help you review your existing car loan, compare available refinancing options and understand the potential costs and benefits before you decide whether refinancing is right for you.
Our Loan Process
How It Works
At Ausloans Perth our specialist finance brokers compare options from over 70 Australian lenders to secure finance that fits your goals.
Apply online in minutes
Complete our quick online application in minutes. Share a few details about yourself, how much you want to borrow and the asset you want to finance.
Smart AI lender matching
Our smart AI compares lenders and accurately matches you to options suited to your credit profile - no generic offers or guesswork.
Broker review & submission
Your broker walks you through your best options, answers your questions and once you're ready, submits the application on your behalf. No long forms.
Approval & settlement
Approvals can occur within 24-48 hours. If approved we guide you through the settlement process so you can collect your vehicle or access your funds.
Calculate, Call or Check Your Finance Options
Choose the fastest way to move forward — estimate repayments, speak with our team, or check your finance eligibility with no obligation.
Estimate Repayments
Get a fast repayment estimate using our simple loan calculator, then continue to the full calculator for a more detailed breakdown.
Talk to Our Team
Speak directly with an Ausloans finance specialist for help comparing lenders, understanding your options, or getting started.
Check Your Eligibility
Complete a fast no-obligation pre-check to see if you qualify for finance and whether lenders are likely to be available for your situation.
Local Finance Brokers
Why Refinance Your Car Loan With Ausloans Perth
Getting refinance approval isn’t just about credit scores — it’s about knowing which lender fits your situation. We consider factors such as:
Accredited Brokers with Broad Lender Access
We’re accredited with a large network of automotive and bank lenders, giving you genuine choice.
70+ Lenders — More Choice, Better Options
More lender access means more flexibility in rates, terms and approval pathways.
Finance for New, Used & Private Sales
We structure loans for all vehicle types and purchasing scenarios.
Perth-Based Broker Support
Work with a loc al finance specialist who support you from application to settlement.
Fast Turnaround
Pre-approvals are often available quickly, with settlement timeframes depending on lender requirements.
Smart Pre-Check Technology
Explore your eligibility and lender options before committing to a full application.
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About Ausloans
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Compare finance options across car loans, secured loans, refinancing, business vehicles, equipment, marine, caravan and personal lending.
Frequently Asked Questions About Car Loan Refinancing in Perth
Learn more about refinancing an existing car loan, potential costs, lender requirements and how to compare car loan refinance options across Perth and Western Australia.
You may consider refinancing if your current interest rate, repayment amount, loan term or loan structure no longer suits your circumstances.
Refinancing may also be worth reviewing if your income or credit position has improved, your current lender is no longer competitive or you originally accepted dealership finance without comparing other options.
Before proceeding, it is important to compare the potential savings against any payout, discharge, establishment or early repayment fees.
Refinancing may reduce your weekly, fortnightly or monthly repayments if you qualify for a lower interest rate or extend the remaining loan term.
However, extending the loan over a longer period may increase the total amount of interest paid, even if the regular repayment is lower.
It is important to compare both the repayment amount and the total cost of the proposed refinance loan before making a decision.
Fees will vary depending on your current loan and the new lender. Your existing lender may charge an early repayment, discharge, administration or payout fee.
The new loan may also include application, establishment, brokerage, registration or ongoing account fees.
A car loan refinance comparison should consider all applicable fees, the new interest rate, the loan term and the total amount repayable.
You may still be able to refinance, but your options can be more limited when the current loan balance is higher than the value of the vehicle.
This situation is commonly known as negative equity. A lender may require you to contribute funds toward the difference or may assess whether the shortfall can be included within the new loan.
Approval will depend on factors including your income, affordability, credit profile, vehicle value and the lender’s refinancing criteria.
Some lenders may consider car loan refinance applications from borrowers who have previous credit issues, although available rates and loan terms may differ.
Lenders may assess your recent repayment history, current income, employment stability, existing liabilities and the value of the vehicle.
Comparing lenders may help identify options suited to different credit profiles, but approval is not guaranteed and remains subject to lender assessment.
You will generally need to provide identification, proof of income, details of your expenses and liabilities, and information about your employment or business income.
You may also need a recent loan statement or payout letter showing the remaining balance, along with the vehicle registration, VIN and current odometer reading.
Providing complete and accurate documents can help reduce delays during the lender assessment and loan payout process.
The timeframe depends on the lender, the complexity of the application and how quickly the required documents and payout information are provided.
Some applications may receive a preliminary or conditional outcome quickly, while formal approval and settlement can take longer if further checks are required.
Once approved, the new lender generally arranges payment of the existing loan balance before the refinance loan becomes active.
Ausloans Perth
We Make Finance Easy
At Ausloans Perth our specialist finance brokers compare options from over 70 Australian lenders to secure finance that fits your goals.
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