esanda logo

Esanda Finance

Esanda is one of Australia’s largest car finance providers with over 50 years of experience and 400 loan approvals every day. Esanda is currently a business unit of the ANZ Bank, however they recently announced the sale of their Dealer Finance portfolio to Macquarie Group Limited, one of Australia’s largest investment banking and financial services companies.

Esanda Car Loans

Given the size and financial backing behind Esanda, they have a number of great car loan options for both private individuals and businesses.

Esanda Personal Car Loans

Esanda finance via a secured personal car loan is a popular choice for borrowers in the car loan market. Esanda has:

  • Excellent relationships with an extensive network of car dealers Australia-wide to ensure you get the car you want at a reasonable price.
  • Offer call centre availability six days a week should you need any specialist assistance.
  • A super fast application process, they usually have an answer within three hours!
  • Fixed rates so you always know what your repayments will be.
  • 1-7 year loan terms are available, with multiple repayment options.
  • 100% finance available, including insurance and other costs for some applicants.

Esanda Novated leases, on the other hand, are a great option for those who want to buy a car and can include it in a salary package with their employer. How does it work?

  • You choose the car you want and where you want to get it from, then lease it from Esanda.
  • Your employer makes repayments on the vehicle to Esanda on your behalf from your pre-tax salary. This means your taxable income is lower, meaning you pay less tax.
  • You remain the owner of the vehicle even if you leave the company, you simply make repayments yourself or transfer the novated lease to your new employer.
  • Lease terms available from 1-5 years, with payments made monthly, quarterly, semiannually or annually.
  • Rates are fixed for the life of the loan.
  • The car must be worth more than $10,000

The terms of a novated lease through Esanda car finance are similar to other car loan products, with only slight variations in some of the features.

  • Lease terms available from 1-5 years, with payments made monthly, quarterly, semiannually or annually.
  • Rates are fixed for the life of the loan.
  • The car must be worth more than $10,000

Esanda Business Car Loan

Esanda offers three ways to purchase a single vehicle or fleet of cars for your business - chattel mortgage, offer to hire and finance lease.

A chattel mortgage gives you the chance to buy a vehicle and use it as security, which allows Esanda to offer a better interest rate. There are many benefits with a chattel mortgage:

  • Loads of tax benefits, speak with your company accountant.
  • Loads of cash flow benefits, including 100% finance.
  • Flexible repayment options including loan terms of 1-7 years, regular and irregular repayment schedules, fixed rates and negotiated balloon payments.

An offer to hire arrangement is slightly different to a chattel mortgage in that Esanda acts as the owner of the vehicle, and you take possession by making regular rental payments. Upon completion of the loan you take ownership of the vehicle. Benefits include:

  • Tax benefits such as claiming depreciation and the interest component of the repayments.
  • 100% finance available
  • Flexible payment options including loan terms of 1-7 years, regular and irregular repayment schedules structured to align with business cash flow, and fixed rates.

A finance lease is similar to an offer to hire arrangement, except at the end of the lease the vehicle is returned to Esanda. Esanda will then sell it at market value, and you must pay any gap between the eventual sale price and the agreed residual value. Alternatively you can make an offer to Esanda to purchase the car. Benefits include:

  • Fully tax deductible rental payments and other tax benefits.
  • No initial capital outlay
  • Flexible payment options including loan terms of 1-5 years, regular and irregular repayment schedules structured to align with business cash flow, and fixed rates.

Esanda Car Loan Bonus

One area where Esanda really excels is their flexibility towards where you buy your car. Many lenders will have strict conditions, like restricting your options to larger franchise manufactures such as Ford and Holden, while either forbidding or enforcing additional terms and conditions on options such as private sale and auctions.

Esanda Car Loan Rates

Esanda also have a number of helpful facilities to support your repayments rates. You can use the car as security meaning that lower rates can be offered than most personal loans.

Loan payments are also fixed once your contract starts so you always know what your payments will be. Using the ANZ car loan calculator, you can discover your potential repayments before you apply for a car loan.

Esanda car loans also offer tailored repayment structures so you can account for future expected costs. For example, pay a little bit extra for 11 months of the year, then have a month off when registration and insurance costs are due.

Quick Quote

Select a loan type from the icons below

By clicking Get My Quote, I acknowledge and accept the Terms & Conditions.

We make finance a Positive experience