How does car finance work?

Car finance works by providing you with the necessary funds to buy your desired vehicle. 
Here's a simplified breakdown of the process:

1. Loan Application

Apply for a car loan with our dedicated team of professionals. Be prepared to provide details about the car you wish to purchase and your financial information.

2. Approval

We review your application, including your credit history, income, and the vehicle's details. Once approved, we offer you a loan with specific terms and conditions.

3. Loan Terms

We discuss the loan amount, interest rate, and the loan term. The loan term is the duration over which you'll repay the loan. Common terms are 3, 5, or 7 years.

4. Securing the Car

With the loan approval in hand, you can purchase the car you want. 

5. Repayment

You make regular repayments, which typically include both principal and interest, over the agreed-upon loan term until the loan is paid off.

6. Ownership

Once the loan is fully repaid, you gain full ownership of the vehicle, and Suttons releases any security interest we held over it

We understand that car financing can be overwhelming, and often a too-complicated process. At Suttons, our dedicated team of professionals have got you covered. We will assist you through every step, doing most of the hard work for you, so it’s a seamless and stress-free experience and you can just focus on enjoying your new car.



Your interest rate is a crucial factor in determining the overall cost of your car loan. Several factors influence the interest rate you'll be offered, including:

  • Credit Score
    The higher your credit score, the more likely you are to receive a lower interest rate.
  • Loan Term
    Generally, shorter loan terms come with lower interest rates, while longer terms may have slightly higher rates.
  • Loan Amount
    The amount you're borrowing can impact your interest rate. Larger loans may have lower rates, but your creditworthiness still plays a significant role.
  • Market Conditions
    Interest rates can also fluctuate due to broader economic conditions. Keep an eye on market trends when considering a car loan.
  • Suttons Policies
    Policies and rates may vary. Our team works with you to help you find the best rates.
  • Down Payment
    Making a substantial down payment can lower the loan amount, potentially reducing your interest costs.

Car Loan Calculator

Estimate your monthly car loan repayments with our calculator. You can use our car loan calculator as a general guide on what your car loan repayments may look like. To use this calculator, simply enter the following:

  • Repayment Amount
    Set how much you'd like to spend.
  • Repayment Frequency
    Whether you'll make monthly, fortnightly, or weekly payments.
  • Loan Term
    The number of years you'll take to repay the loan.
  • Interest Rate
    The annual interest rate on your loan.

I want to spend up to
The calculator is provided only as a general self-help planning tool, and does not include any additional fees or charges that may apply. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances.
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How do I get a car loan?


The process of getting a car loan is simple when you work with Suttons.
Contact us today to learn more about your financing options; we look forward to hearing from you.


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