Services

Car Loans and Asset Finance

Drive Your Dreams and Fuel Your Ambitions

Whether you are buying your first car, upgrading the family vehicle or refinancing an existing loan, the structure of your car finance matters as much as the sticker price.

Thor Finance is a Brisbane finance broker that compares car and asset loans across a panel of lenders, so new, used, electric and refinance options sit side by side before you commit.

Why Use a Broker for Your Car Loan

Going straight to one bank gives you a single set of lending rules and a single answer. As a finance broker, Thor Finance compares car loans across a panel of lenders and matches your application to one whose criteria you actually meet. We look at the car, its age, your income and your credit position, then explain the options in plain English before anything is lodged.

Thor Finance is an Authorised Credit Representative (#581930) of AFAS Group Pty Ltd, Australian Credit Licence #414426, and arranges finance for buyers across Brisbane, the Gold Coast and the Sunshine Coast. We do not lend money ourselves, so our job is to find the structure and lender that suit you rather than sell a single product.

Apply Online at a Time That Suits You

You can start your car loan application online at any time. Whether a deal catches your eye early in the morning or late at night, submit your details when it suits you and our brokers pick it up during business hours, compare your options across the lender panel and come back to you. There is no cost to enquire and no obligation to proceed.

Protecting Your Credit File

Every credit enquiry leaves a mark on your file, and spreading applications across several lenders at once can work against you. As a broker, Thor Finance assesses your position first and approaches the lender whose criteria your application fits, so the enquiry that lands on your file is one that had a reason to be there. We talk through your situation and your options before anything is lodged.

Types of Car and Asset Loans

New and Used Car Loans

Finance for a new car from a dealer, a used car from a yard, or a private sale between individuals. The loan is usually secured against the vehicle, and the age of the car at the end of the term affects which lenders will consider it. Thor Finance compares terms across the panel so the repayment matches how long you plan to keep the car.

Secured Car Loans

The car itself secures the loan, which generally means a lower interest rate than an unsecured option. If repayments are not met the lender can repossess the vehicle. Many secured loans allow extra repayments or an early payout, though it is worth checking for any early repayment fees before you sign.

Unsecured Car Loans

An unsecured loan is not tied to the car, which can suit an older vehicle or a private purchase that a secured loan will not cover. Because the lender takes on more risk, interest rates are usually higher than a secured car loan. This overlaps with a personal loan, so we will point you to whichever structure fits your situation.

Novated Lease

A novated lease is a three-way arrangement between you, your employer and a finance company, where your car payments come out of your salary. It can be tax-effective for some employees, but the benefit depends on your income, the vehicle and your employer’s policy. Confirm how a novated lease would work for you with your employer and your accountant before committing.

Private Sale Vehicles

Yes, we can arrange finance for private sale vehicles. A private purchase needs a little more paperwork from the seller so the lender can confirm the car is not written off, has no outstanding finance against it and is not recorded as stolen. These checks are standard and protect you as the buyer.

Green and Electric Vehicle Loans

Considering an electric or hybrid vehicle? Some lenders offer discounted rates or green car incentives for eligible low-emission vehicles, subject to their own eligibility criteria. Any tax treatment or government incentive depends on your circumstances, so check the current rules with your accountant. We will tell you which lenders on the panel currently run a green car product.

Refinancing an Existing Car Loan

If your circumstances have changed since you took out your current car loan, refinancing may help you adjust your repayments or move to terms that suit you better. We compare your current loan against what is available across the panel and are upfront about any exit or establishment fees, so you can see whether refinancing is actually worthwhile before you switch.

What You Will Need to Apply

Identification

a current driver licence, and a second form of ID such as a Medicare card or passport.

Proof of income

your two most recent payslips, or recent tax returns and business bank statements if you are self-employed.

Details of the vehicle

the make, model, year and price, plus the dealer or seller details for a private sale.

Basic financial picture

your regular expenses and any existing loans or commitments.

Consent to a credit check

which we discuss with you before anything is lodged with a lender.

If your paperwork is not complete, tell us early rather than late. It usually changes which lender we approach, not whether finance is possible.

Things to Consider Before You Sign

Interest Rates

Car loan interest rates can be fixed or variable. A fixed rate gives you certainty over your repayments for the term, while a variable rate can move up or down with the market. Which one suits you depends on how much certainty you want in your budget.

Loan Term

The length of a car loan has a real effect on the total you repay. A shorter term generally means higher monthly repayments but less interest paid overall, while a longer term lowers the monthly repayment and increases the total interest.

Fees and Charges

Look beyond the rate to establishment fees, ongoing account-keeping fees and any early repayment charges. We factor these in when comparing options so you are looking at the real cost of the loan, not just the headline number.

Car Finance Across South East Queensland

Thor Finance is based at Suite 22/88 Tribune Street, South Brisbane, and works with car buyers across Brisbane, the Gold Coast and the Sunshine Coast. Applications are handled online and over the phone, so you can sort your finance before you walk onto the lot. Buying a car for a business, or after a boat or caravan instead? See our Commercial Loans and Leisure Loans pages.

Get a Car Loan Quote

Tell us what you are buying and a little about your situation, and we will come back to you with the options that are realistically available. There is no cost to enquire and no obligation to proceed.

Frequently Asked Questions

What is the difference between a secured and unsecured car loan?

A secured car loan is tied to the vehicle, which acts as security for the lender and generally allows a lower interest rate. An unsecured car loan is not tied to the car, which can suit an older or private-sale vehicle, but usually carries a higher rate because the lender takes on more risk. Thor Finance will explain which one fits your situation.

Can I get finance for a used or private sale car?

Yes. Most lenders finance used cars, including private sales between individuals. A private purchase needs a little extra documentation so the lender can confirm the car is not written off, has no outstanding finance and is not recorded as stolen. The age of the car affects which lenders will consider it, but it rarely rules finance out.

Can I refinance my existing car loan?

Yes. If your circumstances have changed, refinancing may let you adjust your repayments or move to terms that suit you better. We compare your current loan against the panel and are upfront about any exit or establishment fees, so you can see whether it is worth switching before you commit.

How long does a car loan application take?

It depends on the lender, the car and how complete your documents are. A straightforward application with clear income and a clean credit file moves faster than a complex one. Thor Finance will give you an honest timeframe once we have seen your situation, rather than a number chosen to win the enquiry.

Does applying affect my credit score?

A formal application lodged with a lender records a credit enquiry on your file, and lodging several at once can work against you. As a broker, we assess your position and discuss your options first, then approach the lender whose criteria you fit, so the enquiry that goes on your file is one that had a reason to be there.

Can I finance an electric vehicle?

Yes. Electric and hybrid vehicles can be financed like any other car, and some lenders offer a discounted green car rate for eligible low-emission vehicles, subject to their criteria. Any tax treatment or government incentive depends on your circumstances, so confirm the current rules with your accountant.

Is Thor Finance a lender?

No. Thor Finance is a finance broker. We arrange car and asset finance through a panel of lenders and are an Authorised Credit Representative (#581930) of AFAS Group Pty Ltd, Australian Credit Licence #414426. We do not lend money ourselves.

Do you help buyers outside Brisbane?

Yes. Thor Finance is based in South Brisbane and regularly helps buyers on the Gold Coast, the Sunshine Coast and elsewhere in Australia. Applications are handled online and over the phone wherever that is easier for you.

Thor Finance