Metro Finance Car Loan Review

Metro charge an establishment fee and an early termination fee. 

As with all car loan lenders, these fees are automatically calculated and included in the monthly repayment shown at the time of your instant quote. This is why monthly repayment is the best point of comparison when deciding which lender to choose when you're looking for a great rate.

Metro Finance’s fees include:

• Establishment fees: $495
• Monthly fee: None
• Early termination fee: Depends on exit point

Don't forget that every lender charges fees and that these charges (including any money that lenders pay to Driva) are already built into personalised quotes. The monthly repayment figure you see is exactly what will come out of your account each month and fully inclusive of all costs (bye bye hidden fees!).

Metro pays us for sending them high-quality customers. This payment generally includes two components:

• Brokerage: Up to $900
• Commission: Up to 8%

As with all lender fees, these are not payable from you to Driva directly and are not required to be paid upfront. Rather, Metro incorporates them into your total loan amount, which is paid off over the life of the loan.

All car loan brokers have access to the same interest rate, whether that be for Metro’s secured or unsecured loan products. If you decide to apply through Driva, we can also match the rate you would receive from Metro by going directly, regardless of the loan term. This means that if you're seeing a different comparison rate for Metro elsewhere, it could be because other brokers are showing generic comparison rates that will be increased later in the process because of an older vehicle, your living situation, or credit score.

If you still think our comparison rate is higher than you’re seeing them elsewhere, we’re confident we’ll be able to beat it. Email us at contact@driva.com.au. 

Metro Finance has been privately owned since its inception by its Chief Executive, Phillip Crossman, and the Balmain Group, a prominent Australian non-bank investor and lender in the commercial property debt sector. This ownership structure allows Metro Finance to operate with a degree of flexibility and autonomy, focusing on its niche within the auto and equipment lending industry. Partnering with Driva, Metro Finance provides specialised lending options tailored to the commercial vehicle market.

Metro Finance is an Australian independent commercial auto and equipment lender, with a specialisation in providing vehicle loans to established businesses. Their expertise extends to heavy machinery and other wheeled equipment, allowing them to cater to diverse industry needs. With a strong focus on commercial vehicle financing, Metro Finance offers a valuable option on Driva's platform for businesses seeking tailored and competitive loan solutions.

Phillip Crossman serves as the Chief Executive of Metro Finance. With his leadership and a strong connection to the ownership of the company, Crossman plays a vital role in steering Metro Finance towards growth and innovation. His experience and vision align with Driva's commitment to working with leaders who understand the unique needs of the Australian commercial lending market.

The interest rate for a car loan in Australia can vary widely, depending on a multitude of factors such as the lender, the applicant's creditworthiness, the type of vehicle, the loan term, and prevailing market conditions. At Driva, we work closely with a variety of lenders, including Metro Finance, to provide interest rates that align with individual needs and circumstances. By considering your specific situation and leveraging our extensive network of lenders, we strive to secure competitive interest rates tailored to your unique requirements. To find out more check out our article here 'What’s An Average Car Loan In Australia?'