Take Control Of Your Finance

Car Loans

Multiple Lending Providers

We Consider Everyone

Why Use CarPow?

$0 Deposit Finance

Get approved for a car loan without having to put down any money upfront.

Fully Digital Process

The entire CarPow Loan process and vehicle purchase can be completed entirely from home or work.

Dedicated Consultants

CarPow might operate online but we certainly have real people behind the scenes to guide and support you every step of the process.

Great Outcomes

Actions speak louder than words and we think our unfiltered customer reviews most certainly show a great summary of what we are all about.

Fast Response Times

Time is precious and we certainly understand how for many customers a quick decision takes amount a great deal of uncertainty.

Constant Contact

Rest assured that you will be able to stay in close contact using a variety of communication methods to suit your needs including our direct customer portal.

CarPow Advanced Loan Technology

Every stage of your CarPow loan process can be completed from any mobile device. From completing our 2 minute application to selecting your chosen vehicle you are able to complete from the comfort of your home!

Car Loan Affordability Assesments

When it comes to securing your loan approval we will be required to confirm your affordability meets lending criteria. This is done instantly by simply authorising 3 months of your banking data.

We Consider Everyone

Why Use CarPow?


No Obligation

Apply online with CarPow with no obligation to take out a loan


No Judgement

All credit histories and circumstances considered

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Anytime, Anywhere

Apply and arrange your finance from the comfort of home.

Car Loans Explained

Common FAQs

To apply for a car loan online, simply fill out the application form on our website with your personal and financial information, along with details about any vehicle you wish to settle or trade in. Once submitted, our team will review your application and determine if you qualify for financing. Our customer update page will guide you along the process and provide requests for any information we need.

Several factors influence the interest rate on your car loan, including your credit score, loan term, loan amount and whether the loan is secured or unsecured. A higher credit score usually qualifies you for lower interest rates since it indicates to lenders that you're a lower-risk borrower. Longer loan terms can lower monthly payments but may result in higher interest total repayable over the life of the loan. Newer vehicles often have lower interest rates compared to used cars due to subsided manufacturer finance deals and incentives.

Many lenders allow borrowers to prepay their car loan. However, some may charge prepayment penalties for paying off your loan early. These penalties are either a fixed amount or a percentage of the remaining loan balance. It's important to review your loan agreement carefully to understand any prepayment terms or penalties involved. Prepaying your loan can save you money on interest but ensure that it financially makes sense after considering any penalties.

The specific documents required can vary by lender, but generally, you'll need to provide proof of identity (such as a driver's license or passport), proof of income (checked automatically with our bank statement retrieval service) and information about the vehicle you intend to purchase if available. Additionally, lenders may require details about your employment and a list of personal references.

Under 21? Expect it to be hard going as many finance companies will often only consider approval if you are over this age. Don’t be disappointed if you are asked for a co borrower or guarantor as you have little or no history and as much as we would love to change this
we have to stick to the rules.

Surprisingly this isn’t just used to find out where to send letters too and is also important to assess what is called your stability. Been at your home address for 10 years? This means a lender will have an idea where you will be next year. Had to move every 6 months? Expect
alarm bells to start ringing due to your transient pattern of behavior.

Working or on the benefit? You might be surprised to hear there are positives to both types of income but mostly a full time employment will give you the greatest chance of success for a car loan. How long you have worked at your current employer is also like your address history – the longer the better. Post COVID its no surprise that essential type work is now considered super safe and looks great when reviewing your application. Higher level professional positions carry an higher salary but that can also mean nothing if we move onto the next factor – affordability.

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