A loan can be taken out to purchase a car, motorbike, or other road vehicles. If you don’t have sufficient funds to buy a vehicle, but you can afford to make monthly loan repayments, you may consider your options of taking a stand-alone car loan or a personal loan. If you are a homeowner, you may be able to refinance and cash-out or use your home loan’s redraw facility or line of credit. Interest rates will be quoted based on your personal and finance circumstances, and the condition and details of the vehicle such as its type, model, make, and age.