Esanda

• Quick car finance
• Affordable repayments
• Low interest rates

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Esanda - Affordable vehicle finance

You have the option to choose a term between 1 and 7 years for repayments and don’t forget repayments are also flexible.

By choosing a balloon payment at the end of the vehicle loan will also reduce your cost of repayments. Perhaps you would like to consider bundling your car insurance an on-road costs into your car loan.

Customer service

The Esanda Customer service centre consists of telephone and online banking, online loan applications and email

Pros: You can apply online, they are available for 457 visa holders, suitable for new or used cars

Cons: They charge a monthly fee, their application fee charged, they require security to be held, and you cannot apply in branch

What RateCity says

Although you aren’t able to apply for an Esanda car loan in a branch, you are able to make to make repayments at your nearest ANZ branch.

Their establishment fee is on a higher scale, Esanda’s car loan rates are below the market average. Unfortunately, there are additional charges for early settlements should you pay your car loan earlier than anticipated because of their on-going fees.

Should be thinking of buying a car for business purposes, they have business finance options available such as chattel mortgages, offers to hire and finance leases, they also provide additional options in the likes of motor insurance, these costs could be bundled into the value of your loan, bearing in mind that should you exercise this option but there is interest attached to this option as you repay your loan.

Guide to buying a car

Esanda is one of Australia’s longest standing car financiers with over 50 years of experience, and they are here to assist you in getting that car you’ve had your eye on plus you can feel secure in knowing that they are a division of ANZ and that you can depend on them. Besides, it doesn’t matter if you are buying privately or from a dealer, they can assist you

It will only take you 20 minutes to apply for a loan or you could speak directly to one of their car loan specialists. They are able to assist you in choosing a car that is suited to your needs, once you have applied it takes around 3 working hours to let you know if you have been approved.

No deposit required

They off 100% finance to their approved customers, and you do have the option to bundle insurance and on-road costs in the loan total.

Novates lease and benefits

• Should you be in a position of receiving a car as part of your salary package, then a Novates loan could be for you. The rental payments are paid by your employer to Esanda and you get to enjoy full use of the vehicle.
• You choose your car and lease it from Esanda, you will then Novate the lease to your employer, who will assume some of the rights and obligations under the lease which will include the responsibility of meeting the lease rentals as part of your salary package for as long as you remain with the employer.
• You as the employee will remain the registered owner during the course of the lease and the agreement is in your name.
• Should you terminate your employment with your company the car will remain with you and will be your responsibility, but generally, the new employer will take over the payments. So the original employer will not be left with an unwanted car and you get to keep your vehicle. Please bear in mind that the running costs of the vehicle are not included in a Novated Lease.
• You get to use your vehicle without the bother of budgeting for rental payments, because your employer takes care of it for you, with the option of obtaining the vehicle without a deposit or the bother of being reimbursed from your employer. You have the choice of the car you would like and where you would purchase it from.
• Delight in the convenience of retaining the car even if you swap jobs.

Employer benefits

Your company can offer you with the benefit of a vehicle without reflecting it on their balance sheet. Flexible leasing time frames and options Lease terms are available from between 1 - 5 years so that you are able to your budget, you have the choice of making rental payments either by monthly payments, quarterly payments, semi-annual or annually.

Once your contract starts your rental payments are fixed, in other words, your payments will not be affected by any interest rate hikes.

Get a low rate compared to most personal loans by using the car as security.

Esanda is a trusted & reliable provider of car loans

In our review, Esanda adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ Esanda is a registered credit provider in Australia: ACL 234527