Compare your best Hobart car loan options in less than two minutes

Hobart drivers who are looking for a new car (and need help financing it!) have a wealth of finance options available to them. Driva's smart platform can give you personalised rates in less than two minutes from our extensive panel of lenders, so you can be confident that you’re getting the best deal possible.

Some features and benefits of car finance in Hobart offered by Driva include:

• Low fixed interest rates
• Get a personalised rate in less than two minutes
• Flexible repayment terms (weekly, fortnightly and monthly options)
• Friendly and knowledgeable team members
• Transparent and straightforward process (and no hidden fees!)

Wondering if it's worth getting a loan? Driva's simplified process takes all the guess work out of finance. After filling out a few simple online steps providing us with your basic details and the type of car you’re looking to secure finance for, you’ll gain access to your best and most competitive quotes from our extensive lender panel. Driva’s smart platform will automatically assess your profile against each lender's criteria so you can see which loans you’re likely to qualify for and what the interest rate would be.

Driva works with an extensive panel of over 30 lenders to give you the confidence that you’re getting the best rate possible for your personal circumstances and the car you’re looking at. 

Every lender is different, so response times, support functions and car loan criteria will vary between lenders. Lenders also price differently for different customers depending on factors like the age of the car being purchased, credit score and your financial status. You’ll also want to consider the overall cost, the loan term, repayment amounts and whether you’ll be making payments weekly, fortnightly or monthly.

If you have got any questions about securing car finance, our friendly and knowledgeable team is happy to help. Give us a call on 1300 755 494 or email us at contact@driva.com.au

Driva can help you get pre-approved for a certain loan amount with a fixed interest rate, so you can hit the car yard or dealership with a set limit of how much you can spend in mind. Even if you’re not sure the exact amount you’re wanting to spend or the car you’re looking to buy, we can still get you pre-approval, then update the final details before settlement.

With secured loans (generally 2008 vehicles and newer), the age of your vehicle will have an effect on your interest rate. If you’re wanting to get pre-approval before you’ve chosen the car, we’ll make an estimate on the vehicle age and price that you’re likely to buy.

If you’re looking at finance for an older vehicle (normally 2007 vehicles and older), we will generally proceed with an unsecured loan. This means that you can get funds in your account before you even arrive at the dealership to make the process even faster.

Getting pre-approval doesn’t commit you to anything, and you can easily change your car loan amount or vehicle later in the process.

Our online loan application takes less than two minutes to fill out, and after completion you’ll be instantly able to see your personalised car loan finance options. Once you’ve chosen your lender and provided us with some additional details, we will work with your lender to lodge your loan application. The approval process generally takes between just 2 hours and 2 days depending on the lender, so you can explore Tasmania sooner!

Yes - Driva can help you finance a used car, motorbike or caravan. If it’s got wheels, chances are we can help! 

To get your personalised rates and obtain access to your Driva dashboard, you don’t need any documents at all.

When you submit a car loan finance application for assessment, you’ll just need access to your drivers license and your two most recent payslips. You’ll need to supply bank statements as well, but Driva can help you access this easily online using bankstatements.com.au. Some lenders will require additional documents, but we’ll let you know if (and why) this applies to you.

A balloon payment is a type of car loan that involves smaller monthly repayments over the duration of your loan, with one lump-sum final payment at the end of your loan term. The balloon payment (also referred to as the ‘residual value’) amount builds over the duration of the loan by diverting a portion of your interest payments to it, meaning that your monthly cash payments are reduced. The balloon amount is normally a significant portion of your loan (often around 10-50%), which allows the monthly repayments to be substantially reduced.

Learn more: What Is A Balloon Payment Car Loan? Everything You Need To Know

A comparison rate includes the interest rate in addition to many of the fees and charges associated with a loan (excluding some fees like stamp duty). Using comparison rates can help you to understand the true cost of a loan and easily compare car loans, unlike the Annual Percentage Rate (APR) which doesn’t include any lender fees and can be quite misleading.