Finance

Car finance 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 finance helps to give you a “price ceiling” to know the maximum that you can spend on your new car.

Finding a car loan can sometimes be overwhelming! With Ranco Motors, 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.

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.

Yes absolutely! You can choose from our huge range of new or used cars!

We have a huge range including Audi, Bentley, BMW, Chevrolet, Fiat, Ford, Holden, Holden Special Vehicles, Honda, Hyundai, Isuzu, Jaguar, Kia, Land Rover, Lexus, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, Renault, Subaru, Suzuki, Toyota and Volkswagen.

Car Loan is a personal finance product, whereby a financier lends money to an individual for the sole purpose of purchasing a motor vehicle. The vehicle is secured against the load and regular repayments are made to the financier to repay the loan. In most cases, interest on the loan is charged. If the vehicle is being used for business purposes, tax deductions can be made on the depreciation and running costs based on the percentage of business use. Once the loan has been paid back, the financier no longer has any interest in the motor vehicle, giving you clear title.

Determine your monthly repayments with Agility. Unlike traditional loan options, Agility provides a Guaranteed Future Value that acts like a final payment. No matter the option you choose at the end of the contract, you have the confidence knowing the vehicle’s value will match the outstanding balance and avoid any negative equity. What does the Agility Guaranteed Future Value mean for me? As your individual needs change, our flexible Agility end of contract options adapt to suit your needs. At the end of your contract, Agility allows you to: TRADE: Always want the latest model? By choosing to trade, this gives you the ability to upgrade your current vehicle for a new one and always have the latest in technology, safety and efficiency. RETAIN: Still love your current vehicle and want to keep it? By choosing to retain, this gives you the flexibility to refinance or payout the remaining Guaranteed Future Value^. RETURN: Wish to hand back your vehicle? By choosing the return option, simply hand back the vehicle and walk away, subject to meeting the Fair Wear & Tear conditions. Speak to your retailer today.

Leasing is a commercial finance product that enables a customer to have the use of a motor vehicle for personal or business usage, whereby the financier purchases the vehicle on your behalf and then they lease the use of it back to you. It’s kind of like renting. Regular monthly payment are made back to the financier and at the end of the agreed leasing term, you can either hand the vehicle back or pay a final instalment (residual)and take ownership of the vehicle. Or you could trade it in and start a new leasing agreement, or even re-finance the residual amount and continue to make payments until the full amount has been re-paid to the financer, giving you clear title on the vehicle.

What is a Chattel? It’s anything that is moveable personal property, such as furniture, appliances or in this case a vehicle. So you can’t get a chattel mortgage on a piece of land, because it is not movable. A Chattel Mortgage is a commercial finance product and is unique in the way that legal ownership of the vehicle (the chattel) takes place at the time of purchase and then the financier takes a mortgage over the vehicle as security until the full repayments have been made. Chattel Mortgages are commonly used by companies, partnerships and sole traders who use a cash method of accounting. It allows them to claim the GST component of the vehicle upfront, rather than over the term of the loan. There are some tax implications associated with a Chattel Mortgage, and these are best discussed with a finance professional.

This is a unique arrangement whereby the financier agrees to purchase a vehicle on behalf of the customer and then hire it back to them over an agreed period of time. This means that the customer has use of the vehicle, but they do not own it. Once the total price of the vehicle and interest charges (minus any agreed residual) has been paid in full, the customer then takes ownership of the vehicle. There are some tax implications associated with a Commercial Hire Purchase, and these are best discussed with a finance professional.

Leasing is a smart choice for businesses and their employees, as it reduces the amount of cash tied up on depreciating assets with unpredictable maintenance and running costs. Leasing can also provide benefits when it comes to operating costs and can include all aspects of vehicle expense such as servicing, fuel and tolls etc. Lease repayments are generally lower, maintenance is assured and vehicles are generally replaced/upgraded every 2-3 years. One monthly invoice is paid to the financier each month that covers all aspects of the vehicle operating costs. There are some tax implications associated with a Fleet Leasing, and these are best discussed with a finance professional.