Finance News from Australian Car Finance

Australian Car Finance is pleased to present the latest financial news headlines.

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Finance News

Reserve Bank of Australia Lifts Cash Rate to 4.35% in May 2026

12 May 2026: Paige Estritori

On 5 May 2026, the Reserve Bank of Australia (RBA) announced a 25 basis point increase in the official cash rate, bringing it to 4.35%. This marks the third consecutive rate hike this year, following increases in February and March, as the RBA continues its efforts to curb rising inflation. - read more

Electric Vehicles Capture 16.4% of Australian New Car Sales in April 2026

12 May 2026: Paige Estritori

In April 2026, electric vehicles (EVs) achieved a significant milestone in the Australian automotive market, accounting for 16.4% of all new car sales. This represents a substantial increase, with approximately one in every six vehicles sold being an EV. The total number of new vehicles sold during the month was 92,591, marking a 2.2% rise compared to the same period last year. - read more

EOFY 2026: Strategic Timing for Tradie Ute and Car Finance Applications

12 May 2026: Paige Estritori

As the end of the financial year (EOFY) approaches, tradies planning to finance a new ute or work vehicle should be mindful of potential processing delays that could impact their ability to claim tax benefits for the 2025–2026 fiscal year. Historically, lender processing times can double during June due to a surge in applications, turning a standard five-day approval process into a two to three-week wait. - read more

Money3 Penalised $1.55 Million for Responsible Lending Failures

04 May 2026: Paige Estritori

In a significant ruling, the Federal Court has imposed a $1.55 million penalty on Money3 Loans Pty Ltd for breaching responsible lending obligations in car finance agreements. This decision underscores the critical importance of adhering to consumer protection laws within the Australian financial sector. - read more

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Car Loan Articles

Your Guide to Understanding Car Financing in Australia

Thinking of buying a car in Australia? Navigating the world of car financing can seem daunting, but it’s a crucial step in securing your dream vehicle. Car financing is essentially borrowing money to purchase a car, using the car as leverage or security for the loan. This method can make owning a car more accessible to many Australians by breaking down the cost into manageable payments. - read more

Decoding Car Finance: Which Loan Type Is Right for You?

When it comes to buying a car, understanding your financing options is crucial. In Australia, car financing can be complex, but it generally falls into a few categories. These include dealer finance, leasing, personal loans, and novated leases. Each option has its benefits and potential pitfalls, so it's essential to understand what's available and how each might suit your particular needs. - read more

New vs Used Car Finance: What You Need to Know

When you're in the market for a new or used car, understanding car financing options is crucial. In Australia, there are several ways to finance your vehicle, each with its own advantages and considerations. Whether you're considering dealership financing, a car loan from a financial institution, or even leasing, knowing your options can save you in the long run. - read more

The Impact of Your Credit Score on Car Financing Options

Car financing is a crucial aspect for many Australians looking to purchase a vehicle. Understanding the car finance market in Australia can equip you with the knowledge needed to make informed financial decisions. With various financing options available, taking the time to explore what's out there can be incredibly beneficial for aspiring car owners. - read more

Knowledgebase

Consumer Credit Code:
An act of Parliament that governs the relationship that exists between borrowers and lenders.

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