Car Loans
Simplify your car financing with new and used car loans, each offering tailored features for your convenience.
At Broken Hill Community Credit Union (BHCCU), we understand that owning your dream car is not just a luxury but a necessity for many, and often saving to pay for the car upfront isn’t an option. Whether you're looking for a new set of wheels, a reliable family vehicle, or that stylish sports car you've always wanted, our car loans are designed to help make it all possible.
Explore our car loan options
New Car Loans
Are you eyeing a brand-new set of wheels to call your own? BHCCU offers new car loans designed to put you behind the wheel of your dream vehicle. We believe that owning your dream car should be an affordable and accessible experience, and our new car loans are crafted to make that vision a reality.
Used Car loans
Perhaps you're in the market for a reliable used vehicle that fits your personal budget and lifestyle. BHCCU offers used car loans designed to make that a reality. We believe that everyone deserves a dependable and affordable vehicle, and our used car loans are crafted to achieve just that.
What is a car loan for?
A car loan from BHCCU is designed to provide the necessary funds to purchase a vehicle. If you're considering buying a car but need financial assistance, a car loan from BHCCU could be a suitable option. Contact us to discuss your specific situation and determine if a car loan is the right choice for you.
How to apply for a car loan
Ensure you are eligible to fit our car loan criteria
Gather evidence of your income, bank statements, payslips, loan security etc.
Complete a car loan application form (this can be done online or in person. If you require assistance, you can contact our team over the phone)
Wait for your approval (typically approved within 24 hours*)
Drive away in your fresh set of wheels!
*during business hours, conditions may apply
Features & benefits
✓ Competitive variable interest rate
✓ Pre-approval available
✓ No ongoing/monthly account-keeping fees
✓ No penalties for additional payments or early payout
Motorcycle, boat and caravan loans
Our car loans also facilitate and extend to other vehicle purchases such as:
Motorcycle loans
Caravan loans
Boat loans
Jet Ski loans
If you’d like to find out more about our vehicle loans, contact us today.
Your dream new or used car is closer than you think with BHCCU's car loan options. Don't wait any longer. Take the first step toward owning the car you've always wanted by contacting us or completing our application form today. BHCCU is committed to helping you drive your dream car, whether it's new or used.
Car loans: FAQs
How do car loans work?
At BHCCU, we're here to make owning your dream car simple. Car loans work by providing you with the funds you need to purchase your vehicle. You'll repay the loan with interest over an agreed period. This way, you can enjoy your new car while spreading the cost over time to help you manage your finances.
What will a person need to be eligible to apply?
To be eligible to apply for a used or new car loan, all applicants must be:
At least 18 years of age
An Australian Citizen or permanent resident of Australia
In receipt of regular income
Confirmation of vehicle purchase (sales invoice, registration papers, letter from private seller etc.)
Vehicle specifications
How do you calculate interest on a car loan?
The best way to calculate your interest and repayments is by using our car loan calculator. This easily determines your car loan interest based on the loan amount, interest rate, and loan term. Keep in mind that repayments to your car loan can change depending on the circumstances, additional charges or the flexibility of the loan.
Is it better to get a loan from a bank or finance a car?
Everyone’s situation is different however, banks can offer you competitive rates, loan terms and, in some cases, fewer fees and charges on your loan. Better yet, borrow from BHCCU and you’ll also qualify for Relationship Rewards where we waive transaction fees on savings/transaction accounts*. Use our car loan calculator to easily determine your repayments.
*conditions apply
Important Information
The Broken Hill Community Credit Union Ltd ABN 12 087 650 762 Australian Credit Licence 238020. Credit eligibility criteria, terms and conditions, fees and charges apply. Full details are available on application.