Asset Finance

Get a great deal on your home loan from expert advise at LeMerit Finance.

Car & Asset Finance

Make your dream car coming true, contact us for a quote, and let us help you.


Q1. Am I qualified for a car loan?

To apply for a car loan, you must be

  • 18 years or older,

  • An Australia Resident

  • Earing regular income,

  • Able to meet the repayments

  • Looking to borrow more than $5,000

Speaking to us for a quote on your car loan.

Q2. How much interest rate, is fixed or variable?

It is only fixed rate option for car loan repayments.


Q3. If I am self-employed, can I still have car loan?

Self-employed applicant is still qualified for car loan as long as you can provide recent personal tax return.


Q4. Can I buy second hand vehicle with car loan?

Yes, but lenders may give below restrictions,

  • 100% borrowing is not available

  • Private sale may not available

  • Car age is less than 5 years old

Q5. Can I borrow 100% of car price?

For new car, lenders can consider 100% borrowing for you. However, if the car is second hand or demo, lender may reduce to 90% or 80 % subject to car conditions.


Q6. Are there any fees involved in getting car loan?

Yes, there may be some fees involved, including:

  • Lender application fee

  • Origination fee

  • Vehicle inspection fee (for private purchases)

  • Monthly account fees