How much can I borrow for a car?
It depends on your income, expenses, and credit history. Lenders lend what they judge you can comfortably afford to repay.
There is no single number. How much you can borrow depends on your income, your regular expenses, your credit history, and the car you are buying. Lenders work out what repayments you can comfortably manage and lend accordingly.
This comes from responsible lending rules. A lender has to check the loan fits your budget, so someone with a higher income and low expenses can usually borrow more than someone with tight finances.
A few things can lift the amount:
- A steady, well-documented income
- A deposit toward the car
- A strong credit history
The best way to know is to see real numbers. Use the repayment calculator to test payments at different amounts, then get your fair rate to see what lenders would offer you.
See your repayments, then get a fair rate.
One application, one soft credit check, no obligation. We match you to the lender most likely to give you a fair go.