Refinance Your Car Loan for a Better Deal
Are you paying too much on your current car loan? Frontline Car Loans helps Perth drivers refinance their vehicle finance to secure lower interest rates, reduced repayments, and better loan terms. With access to over 30 lenders across Australia, we compare the market to find you a deal that could save you thousands over the life of your loan.
Why Refinance Your Car Loan?
Many Australians stay on the same car loan they were originally approved for, even when better rates become available. Refinancing your car loan means replacing your current finance agreement with a new one — ideally at a lower interest rate or with more favourable terms. Here are the top reasons Perth car owners choose to refinance:
Lower your interest rate: If interest rates have dropped since you took out your loan, or if your credit score has improved, you may qualify for a significantly lower rate. Even a small reduction in your rate can save hundreds or thousands of dollars over the remaining term.
Reduce your monthly repayments: By securing a lower rate or extending your loan term, you can bring your fortnightly or monthly repayments down to a more comfortable level. This frees up cash for other expenses.
Consolidate multiple debts: If you have several finance commitments — a car loan, personal loan, or credit card debt — refinancing allows you to roll them into a single, manageable repayment.
Access equity in your vehicle: If your car is worth more than what you owe, refinancing lets you access that equity for other purposes such as home improvements or business investment.
Switch from a bad deal: If you were approved through a dealership or took on finance with a high rate due to limited credit history, refinancing gives you a second chance at a better deal now that your circumstances have changed.
How Car Refinancing Works
The process is straightforward and our team handles the heavy lifting for you:
Step 1 — Free assessment: Contact Frontline Car Loans and we will review your current loan details including your outstanding balance, interest rate, and remaining term.
Step 2 — Market comparison: We search across our panel of 30+ lenders to find a refinancing option that improves on your current deal. We look at interest rates, fees, flexibility, and total cost of the loan.
Step 3 — Application and approval: Once you are happy with the new offer, we submit your refinance application. Most approvals come through within 24 to 48 hours.
Step 4 — Settlement: The new lender pays out your existing loan directly. You start making repayments on your new, improved loan. There is no gap in your finance — the transition is seamless.
Who Can Refinance?
You may be eligible to refinance your car loan if you are currently making repayments on a vehicle finance agreement in Australia. Whether you bought your car new or used, through a dealer or privately, refinancing could be an option for you. Our brokers work with all credit profiles including applicants who have previously been declined elsewhere.
Get a Free Refinance Quote Today
There is no cost and no obligation to see if refinancing could save you money. Contact Frontline Car Loans today on 1300 857 130 or submit a free quick quote online. Our Perth-based team will assess your current loan and let you know exactly how much you could save.