Car Loans · New Car Loans
New car loans, pre-approved before you buy
A new car loan is a secured loan for a brand-new vehicle, usually at a lower rate because the car is new security. Noddle compares new car loans across a panel accessed through the Loan Market Group platform and arranges pre-approval before you buy, so you negotiate with a set budget. The lender approves and funds it.
Noddle is a broker, not a lender. We find, compare and arrange; lenders approve and lend.
- Australian Credit Licence 526746
- Member of AFCA
- Servicing Australia, 100% online
- One application, many lenders compared
Get pre-approved, then negotiate
Walking into a dealership pre-approved changes the conversation. You know your budget and rate, so you negotiate on price rather than being steered into finance at the desk. Noddle arranges pre-approval that usually lasts 30 to 90 days.
Broker rate versus dealer finance
Dealer finance is convenient but often not the sharpest rate, and add-ons can inflate the total. Noddle compares lenders and shows the total cost including interest, so you can compare a broker-arranged loan against the dealer offer on equal terms.
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Frequently asked questions.
A new car loan is a secured loan used to buy a brand-new vehicle, with the car as security. Because the car is new, the rate is often lower than for a used car. Noddle compares new car loans across its panel and arranges the one that fits.
A broker compares options across a panel of lenders, while a bank only offers its own products. Noddle finds and compares loans across a panel accessed through the Loan Market Group (LMG) aggregation platform, then arranges the one that fits. The lender still approves and funds the loan.
Yes. Noddle can arrange pre-approval before you visit a dealership, so you know your budget and can negotiate on price. Pre-approval usually lasts 30 to 90 days and is an indication of what a lender may offer, not a guarantee of final approval.
Reviewing your options with Noddle does not affect your credit score. We use an Access Seeker (soft) enquiry to review your credit file, which lenders cannot see and which leaves no mark. Your score is only affected once a lender lodges a formal application, and only with your consent.
Noddle may charge a brokerage fee for arranging your loan, and may also receive a commission from the lender. Both are disclosed upfront in our Credit Guide and your written quote before you commit. The brokerage fee can be paid upfront or capitalised into your loan. If capitalised, you pay interest on it over the loan term. All fees and commissions are disclosed in our Credit quote before you proceed.
About the author
Joshua Wessels is the founder of Noddle and leads its broking team. He has more than a decade in Australian consumer finance and holds a Diploma in Mortgage Broking. Noddle is a member of the Finance Brokers Association of Australia (FBAA member 362825) and the Australian Financial Complaints Authority (AFCA member 81857), and operates under Australian Credit Licence 526746.
Read more about the team on the Noddle team page.
Noddle Pty Ltd (ABN 63 643 806 759, ACN 643 806 759) operates under Australian Credit Licence 526746. Noddle is a credit assistance provider, not a credit provider. We arrange loans through a panel of lenders accessed via the Loan Market Group (LMG) aggregation platform. We are bound by the responsible lending obligations of the National Consumer Credit Protection Act 2009 and regulated by ASIC. Fees and any commissions are disclosed in our Credit Guide and your written quote before you commit. Any approval, rate and amount is determined by the lender, subject to their assessment.
See your car loan options in about five minutes.
- No impact on your credit score
- Apply now in as little as 5 mins
- We compare multiple lenders for you