How it Works
Finance King makes it easy to get behind the wheel of your next car faster with the best rates for car finance in Mount Isa. With access to loan products from more than 20 different lenders and the freedom to buy a new or used car, we’re committed to helping you secure the most favourable loan terms for your next vehicle purchase.
Car Finance Calculator
Frequently Asked Questions
Can I get pre approved for car finance?
Yes, our car loan experts can help to get you pre-approved for a new or used car loan in Mount Isa in as little as 24-hours from when you send your first enquiry. Depending on when you are looking to purchase, our brokers can work with you to expedite the approval process so that you can be pre-approved and ready to purchase your next vehicle.
Do you offer finance for used vehicles?
Yes, we offer both new and used car financing for Mount Isa locals. It’s worth noting that used car loans will generally attract a slightly higher interest rate than a comparable new car loan due to the extra level of risk that is taken on by the lender when lending for a used vehicle.
How much can I borrow?
Your borrowing capacity depends on your unique financial situation. A range of factors including your loan history, debt to income ratio (DTI), employment status, and current income are used to determine how much you can borrow.
How do car loan repayments work?
Car loan repayments will work to pay off the principal of the loan - this is the amount that is borrowed to purchase the vehicle - and then part of the interest of the loan - this is the amount that is charged to you by the lender.
The terms of each loan are slightly different, so it's important to understand your repayment obligations and schedule before moving forward.
How often to interest rates change?
Car loan repayments are used to pay down the principal of the loan (this is the amount that you borrow) as well as the interest of the loan. Each loan is slightly different which means that you need to be aware of your specific repayment schedule and obligation before taking out a car loan. Our brokers will run you through your repayment schedule and your obligations before you sign anything.