Latitude Financial car loans

Latitude Financial Services is one of the biggest non-bank lenders in Australia.

Its history goes back to 1921 when the Australian Guarantee Corporation was founded. AGC subsequently sold off its automative and personal lending business to Westpac, which later sold it to American multinational General Electric (GE Capital).

In 2015, GE Capital sold its Australian and New Zealand business to a consortium who gave the company its current name Latitude Financial Services.

This long history highlights that Latitude has decades of experience which it can use to create great products.

Latitude, which offers a wide range of financial products beyond car loans, has 2.6 million customer accounts and supports more than 1900 merchant partners across Australia and New Zealand.

Latitude car loans have a number of benefits:

• Latitude lends for vehicles up to 15 years old.
• Latitude lets you borrow more than the price of vehicle so you can pay for extras too – such as insurance and on-road costs.
• It offers balloon payments
• It offers a pre-planned “repayment pause” to help you manage your cash flow. This feature allows you to make a full year of repayments in 11 monthly instalments, so you can take a month off when other big bills come in. You need to select the month off option before you sign off on the loan, and it must be the same month each year. Using the month off option means that your loan term is unchanged as you are paying the same value of repayments over the same time period.
• Latitude Car loans are secured against the vehicle. If you don’t want to do that, you can consider a personal loan.
• Latitude also offers loans for light commercial vehicles, motorbikes, jet-skis (PWCs), boats, caravans, campervans and horse floats.