Tyres On Finance – Fast Cash For New Tyres From $300 To $10,000

Buying new tyres on finance might be the most affordable option for your budget. Fit new tyres today and divide your costs into instalments. From payment plans to fast cash loans, Monzi explores your options when it comes to tyre finance. Keep your car running safely and smoothly. Apply today for cash loans from $300 to $10,000.

Buying car tyres on finance: what does it mean?

In the 21st century, buying on finance has become a popular trend. From buy now pay later clothes, phone and laptops to purchasing new tyres on finance, these options allow you to divide significant expenses into smaller, more manageable instalments that you repay over the coming weeks or months.

Ultimately, buying tyres on finance means that you are borrowing money to fund the purchase. A full set of new tyres might cost you $1,000 or more. If you cannot afford to pay this amount, then, via finance, you may be able to spread these costs out. For instance, the costs may be divided into 10 weekly instalments of $100. That way, you can manage this expense alongside your other regular costs (e.g. rent, food and electricity).

Between buy now pay later services, payment plans and even instant cash loans, there may be many ways to fund the purchase of new tyres. At Monzi, that’s what we’re here to investigate. Read on as we explore buying new tyres on finance. We’ll even look at how to find the right tyres for your vehicle. Let’s go.

When do I need to get new tyres?

Age and wear are usually the two key factors that indicate you may need new tyres.

From a wear perspective, it is illegal to drive on tyres with tread depth that is less than 1.5mm. Most new tyres come with approximately 8mm of tread depth. Usually, it’s recommended to replace your tyres once you reach 3mm.

In addition to this, if your tyres are more than five years old, they should generally be replaced. While wear may be minimal, tyre rubber will degrade and dry out over time, meaning it’s usually best to purchase a fresh set.

If you are unsure, it might be wise to ask your mechanic or nearest tyre dealer for their opinion. They may provide advice regarding the current state of your tyres.

How do I know which tyres are right for my vehicle?

If you are not a car enthusiast, you may have little to no idea how to select the right tyres for your car. Luckily, it shouldn’t be too hard and there are many ways that you can do it.

Firstly, you can check the tyres you already have. Assuming they are the correct make and model, you can then go out and purchase identical tyres. As a guide, you’re looking for a code. As an example, the code may read 245/45 R20 99Y. We will explain what this means below.

Next, consult your owner’s manual. It should list the tyre codes, like those mentioned above, that may be suitable for your vehicle. Often, it will give you multiple options.

Finally, you can ask an expert. There are people out there who know much more than you do. Whether they work for a tyre dealer or are a qualified mechanic, they may be able to suggest an affordable, yet suitable tyre that will be perfect for your car. To be safe, seek multiple opinions, read past reviews and ensure that the recommendations match the specifications listed in your owner’s manual.

Stacked car tyres purchased on finance

What do the codes on my new tyres mean?

Codes such as 245/45 R20 99Y seem complicated. However, once you break it down, you’ll realise that it provides a wealth of crucial information that may be relevant to the tyre you choose. From left to right, let’s work through what the numbers and letters mean the following:

  • Width (245): the first number is the width of the tyre in millimetres.
  • Profile (45): the ratio of tyre width to tyre height. Low profile tyres are usually reserved for high-performance cars.
  • Tyre construction (R): the R in the code refers radial construction. The majority of tyres codes in the modern-day will have an R. However, you may come across a B or D too.
  • Diameter (20): what size rim should this tyre be fitted on? Diameters will always be listed in inches.
  • Load rating (99): the maximum load the tyre can handle when correctly inflated. Usually, it is listed as an index number that correlates to a mass in kilograms.
  • Speed rating (Y): legally, you must fit tyres that match the speed rating on your car. The speed rating is listed as a letter (e.g. V) and indicates the maximum speed a tyre can handle when carrying its maximum loan. You may find a table online outlining the different speed ratings.

Given this, aim to match the code on the tyre with what’s listed in your owner’s manual. If you are unsure about anything, don’t be afraid to ask for advice.

Which tyre brand is the best in Australia?

These days, there is an abundance of manufacturers making high-quality tyres that might be perfect for your vehicle. However, at Monzi, we cannot say which one is the best. Instead, we can simply outline your options. From there, you can do your research to decide which is right for your car.

To give you an idea, some prominent tyre brands in Australia include:

  • Bridgestone
  • Pirelli
  • Goodyear
  • MRF Tyres
  • Continental
  • Michelin
  • Apollo Tyres
  • Dunlop
  • Yokohama
  • Hankook
  • Kumho

Each tyre may be slightly different. As a result, the best tyre brand for you may be different for another person. So, consider what your car needs and compare your options. You might find an affordable option that’s perfect for your vehicle.

How much do new tyres cost?

In short, it varies.

The cost of a single new tyre might range from $100 to $800 or even more depending on the size of the tyre, the manufacturer and your vehicle. Moreover, you’ll have to multiply this figure by four, given that it’s usually best to replace your tyres at the same time.

As a result, a new set of tyres can easily set you back $1,000 or more. That’s why it’s common for Australians to buy new tyres on finance. By dividing the costs into instalments, the significant costs might be more manageable for your budget.

What are the risks of buying cheap tyres on finance?

Saving money on tyres might seem like a smart financial decision. However, it’s not that simple. While cheap tyres may be cost-effective, there are downsides that you must consider.

Ultimately, cheap tyres are cheap for a reason. In other words, they won’t provide the same level of grip that you would expect with a more expensive tyre. Grip ensures effective braking and better handling whether the roads are wet or the sun is shining. Not only is this crucial for a better driving experience, but also may come in handy if you need to stop suddenly to avoid a crash.

In many cases, spending a little more today on a better set of new tyres might save you money down the line. They may be more durable, better for your car and might even improve the safety of your vehicle.

Tyres on finance: can I get a payment plan?


That said, it will depend on the tyre dealer that you are working with.

In most cases, tyres are a significant yet necessary expense. Often, a full set of new tyres can set you back $1,000 or more. If you don’t quite have the required cash on hand, you might look to buy tyres of finance. That’s where interest-free payment plans might come to the rescue.

In short, tyres dealers may allow you to divide your costs into instalments over a fixed period. For instance, you might spend $500 on four new tyres. The dealer will then divide this into a series of repayments over 6, 12 or 18 months. Best of all, payment plans are often interest-free.

Again, though, you must confirm that these buy now pay later options are offered by the organisation you are dealing with. Moreover, ensure you read the terms and conditions to understand any fees or charges involved.

Ultimately, buying tyres on finance might be the most manageable option for your budget. Where possible, investigate your options to find the right deal for you.

Can I buy tyres on finance with Afterpay?

Yes, potentially.

Afterpay is the pre-eminent buy now pay later service in Australia. As a guide, Afterpay allows you to purchase anything from a new phone to new tyres on finance by dividing your costs into four even, interest-free instalments paid fortnightly. That way, you can avoid paying a hefty sum upfront, thereby allowing you to manage the expensive price of new tyres alongside your budget.

To put this into an example, let’s say you purchase four new tyres for a total of $600. By using Afterpay, you would not pay anything upfront. Instead, you would make four, fortnightly payments of $150 each. Easy, right?

That said, you must confirm that your tyre dealer offers Afterpay as an option because this won’t be universal. In some cases, they may work with other similar buy now pay later companies (e.g. ZipPay). If they do not offer any options for you to purchase new tyres of finance, you may need to find an alternative or pay the costs upfront.

Are there any other alternatives?


One final option when you need to purchase tyres on finance could be to apply for fast loans. In short, these loans can be spent on just about anything. However, one of the most common reasons Aussies need quick loans is to cover vehicle expenses. For instance, a set of new tyres to keep your car running smoothly and safely.

As opposed to Afterpay and other payment plans, quick loans for car tyres do come with fees and interest. In other words, you must repay more than you borrow. Therefore, you’ll need to consider the costs before applying with a lender.

If you do decide that a cash loan is the right choice for your circumstances, you can apply with Monzi from $300 to $10,000. We can potentially match you with a lender offering cash for car tyres today.

New white car bought with tyres on finance

What is the benefit of buying tyres on finance?

The benefit of buying tyres on finance is the same as buying anything on credit: you avoid paying a significant amount at the time of purchase. Laptops, phones and tyres are all examples of expensive purchases that we all must make from time to time. Unfortunately, our needs often don’t align with our budget constraints.

If you need to buy new tyres but the eye-watering costs exceed your savings, then finance might allow you to get the new tyres you need to keep your car operating safely. Dividing the costs over weeks and months enables you to budget for the expense. That way, you can potentially maintain financial stability.

What are the key points to compare when buying tyres on finance?

A tyre might just seem like a circle of rubber used to help get your car from Point A to Point B. However, there is so much more to it. Like comparing personal loans or new sneakers, there are a range of factors you must consider to find the right tyres for your vehicle and, more importantly, your budget.

Check out some of the key points to compare below:


Well-known brand names (e.g. Bridgestone or Pirelli) are often trusted for a reason. With a long history of producing quality tyres for your vehicle, it’s usually a good idea to purchase tyres from an established brand. While you may pay a little more, these tyres may be more durable and offer a better performance. However, shop around and compare the products offered by all the brands on the market. Reading reviews of each brand is never a bad idea.

Rolling resistance

Rolling resistance is often a key selling point for new tyres. In short, the rolling resistance is the amount of power required to keep your vehicle travelling forward. Theoretically, tyres with low rolling resistance require less energy. Therefore, manufacturers may claim this provides better fuel economy. However, at this point, there is no uniform testing procedure that can be used to compare tyres side-by-side. So, keep this in mind when looking for new tyres.


How long will your tyres last? Usually, the indicator of wear is the tread on your tyres. Softer tyres wear quicker than tyres made from a harder compound, however, they come with other benefits. Given this, you must find the right balance. Moreover, you’ll need sturdier tyres if you’re heading off-road compared to if you’re just cruising the city streets.


Whenever possible, you want to buy fresh tyres that were manufactured recently. With this, check the code listed on your tyres. In most cases, they are stamped with a four-digit sequence outlining the week and year they were made. For instance, the code could be 3018. That means the tyres were manufactured in the 30th week of 2018. Tyres may degrade over time so newer is usually better.

Old worn tyres bought on finance that must be replaced

Asymmetric and directional tyres

Directional tyres must be fitted to face a certain way, based on the tread pattern. These are often high-performance tyres, however, they can wear out quickly and may be impractical, given that they cannot be switched from the left side to the right side. Moreover, they may be more expensive.

By comparison, asymmetric tyres must be fitted so that a certain side of the tyre faces outwards. This will be listed on the tyre itself. ‘Outside’ indicates that the side should face out to the road. ‘Inside’ means it should face back into the car.


The best tyres for a city hatchback will obviously be vastly different from the right tyres for a ute in the Aussie Outback. As a result, you must consider your vehicle and how you are going to use it. Standard road tyres will be ideal for most vehicles, particularly if you just use your car to commute to work or drop off the kids. However, if you’re heading out bush, then off-road or all-terrain tyres might be worth considering.

Grip and handling

Tyres vary in the performance they provide. Tyres that are soft usually provide better grip making it easier and safer to drive. However, as they are soft, the tread usually wears at a faster rate. In a similar manner, all-terrain tyres with deep tread may provide better handling in wet, muddy or off-road conditions. However, the extra tread can create noise.

At the end of the day, it’s your job to compare options. Each tyre will come with benefits and drawbacks. Do you want tyres that will last or tyres that provide better grip? These are the kind of trade-offs you may have to make.


As we’ve already touched on, the price of new tyres can vary greatly. At the bottom end of the market, tyres might cost just $100-$200 each. However, at the top of the market, high-end tyres might set you back over $1,000.

Ultimately, it’s up to you to find the right balance. While cheap tyres may be appealing, given the obvious savings, they might not provide the performance or durability you need. By comparison, while expensive tyres may be the best, they might not make financial sense for your budget.

With this, you must understand what you can afford to spend and stick to a budget. Tools like Moneysmart’s budget planner may be a good place to start. Tyres come at a range of different price points. Compare the options you can afford and base your decision on the other points we’ve covered.

Buying 4×4 car tyres on finance

Got a new 4×4? Maybe you’ve bought a ute for work that you can also use to explore the great outdoors on the weekend. Whatever the case may be, four-wheel drive tyres are slightly different to those for your standard hatchback. In short, they come in a few different forms.

Firstly, you can purchase highway-terrain tyres. These are the standard road tyres that are perfect if you plan to stick to sealed roads and city streets. They might even hold up on the occasional off-road adventure. As a general rule, these tyres aim to provide a comfortable ride and good durability.

Next, you could look at all-terrain tyres. Ideally, these tyres aim to provide a balance between on and off-road capabilities. These tyres are generally thicker than standard highway-terrain tyres with deeper tread patterns. Unfortunately, this can decrease fuel economy and create a bumpier ride. However, they may be perfect if you explore both the city and the bush.

Finally, mud-terrain tyres come with deep tread patterns. In short, they’re bulky, reinforced and heavy-duty, designed to provide plenty of traction on loose surfaces. Moreover, they’re much sturdier than standard tyres to avoid potential punctures on unsealed roads. The downside is that on road surfaces, they tend to produce a less comfortable ride and much more noise.

What other 4×4 accessories do I need?

Fitting out your new 4×4 won’t be cheap, particularly if you’re looking to get off the beaten track. Luckily, you might be able to access some extra cash for 4×4 accessories through Monzi. In short, you can apply for easy cash loans from $300 to $10,000.

As a guide, common 4×4 accessories you might look to purchase include:

  • Bullbars
  • Snorkels
  • Fridges
  • Driving lights and spotlights
  • Lift kits
  • Storage and drawers
  • Roof racks
  • Winches

And there may be a bunch of others. Kit out your new 4×4 today. Monzi might help you get started with a small cash boost. Just consider the costs and ensure it works with your budget before applying.

Car fitted with 4x4 tyres driving off-road

How will buying new tyres on finance impact my car?

You might not think that changing your tyres will have a big impact. However, this couldn’t be further from the truth. As soon as you replace your tyres, you’ll notice an immediate difference. To give you an idea, some of the most common benefits of new tyres include:

  • Improved traction
  • Increased performance (e.g. shorter braking distance)
  • It’s safer
  • Better fuel economy
  • A more comfortable drive (e.g. less noise)

Finally, replacing your tyres may be a legal requirement if your tread depth is less than 1.5mm. Therefore, new tyres may come with the benefit of keeping it legal to operate your vehicle.

Should I replace all my tyres at the same time?

Yes, it is usually best to replace all your tyres, including your spare tyre at the same time.

By doing this, you can ensure uniformity across your tyres. If your tyres are mismatched and have variable levels of tread, this may interfere with the grip and handling of your vehicle and might even be unsafe. By comparison, a car with four identical tyres will be much more predictable and balanced. After all, each tyre will be acting the same.

When it comes to the spare tyre, it is often recommended to purchase an identical make and model. In other words, purchase five new tyres rather than four. If you intend to take your car off-road four wheel driving, then having a reliable spare is paramount, given that damage to your tyres may occur.

Can Monzi help me purchase tyres on finance?


Monzi is an Aussie lender-finder that’s here to help you. In short, we know lenders who specialise in personal loans. These loans can often be spent like cash. So, if you’re dealing with car-related expenses or need to purchase new tyres, we may be able to match you with credit providers who can offer loans from $300 to $10,000.

All it takes is one easy application. Before you know it, we might connect you with a great lender willing to consider you. From there, they’ll assess your application and provide an outcome.

That said, keep in mind that personal loans aren’t interest-free. Lenders charge fees and interest on any money that you borrow. Therefore, you must consider the costs before you begin.

In any case, if you need to find fast cash online and have no time to waste, you can scroll up to Monzi’s loan slider to get started.

Am I eligible?

At Monzi, we aim to help Aussies from all walks of life. So, if you want to buy new tyres on finance, we might be the place to start. With fast and easy loans from $300 to $10,000, applying with Monzi is a breeze. We might connect you with a lender in just 60 minutes.

However, before you dive headfirst into an application, you must confirm that you check the following boxes:

  • Australian citizen or permanent resident.
  • At least 18 years of age.
  • Have an email address and mobile phone number.
  • Earned a regular income for the past three months, deposited into an online bank.

Once you’ve made sure that you are eligible, you can move onto applying.

How do I apply?

Monzi makes it easy to apply. That way, you can get on with your day sooner. New tyre finance might be just a few clicks away. All you need to do is:

  1. Choose a suitable loan amount from $300 to $10,000. Select a repayment term if applicable.
  2. Enter the necessary personal and financial details to complete your application. Hit ‘Submit.’
  3. Let Monzi take over as we attempt to pair you with an available lender from our network. If everything goes to plan, this may take just 60 minutes.
  4. Keep an eye on your notifications as we’ll contact you with an outcome. If successful, your new lender should be in touch soon after.

Four easy steps is all it takes. Getting tyres on finance might be easier than you think. Just remember that approval is not guaranteed. All applications are subject to assessment.

What if I have bad credit?

No worries!

Bad credit can follow you like a dark cloud. However, Monzi might be the light that can shine through. If you want to purchase tyres on finance via a cash loan, we know many lenders who are potentially willing to consider bad credit applicants.

With this, they’ll assess your complete financial situation. While you might not avoid a credit check, lenders will consider your income and current budget too. If you are managing your money effectively, lenders might be able to approve your application. Obviously, though, this is contingent upon you meeting the necessary qualifying criteria.

In any case, if you need cash loans for bad credit to purchase new tyres, Monzi might be able to point you in the right direction. Apply from $300 to $10,000 now.

Can I use a personal loan for other car-related expenses?

Of course.

While Monzi knows lenders who might offer cash for new car tyres, you can potentially use quick cash loans to cover many other car-related expenses. After all, owning a vehicle often isn’t cheap. From new tyres to replacing a windscreen, it feels like the costs just keep coming.

As a guide, you can apply for car repair loans with Monzi from $300 to $10,000. You might use these loans to cover anything from regular servicing to smash repairs. In addition, lenders might also offer loans for car registration, dent repairs and even to cover your insurance excess after you’ve made a claim on your policy.

Apply today!

Car at the mechanic with costs covered by car repair loans

Contact Monzi

At Monzi, we’re a helpful and friendly bunch. So, if you have any questions about what we’ve covered, feel free to reach out. You can contact us 24/7 at hello@monzi.com.au and we’ll do our best to get back to you with a polite response that addresses your queries and concerns.

With this, remember that we are only a lender-finder. As a result, for technical questions regarding the best tyres to purchase on finance, you might need to contact a qualified professional. Moreover, as we do not offer loans directly, we might not be able to answer specific questions regarding the credit products you may be offered.

Tyres on finance: consider a personal loan

From Afterpay to payment plans and even online personal loans, there are many ways that you might buy tyres on finance. If you decide to give Monzi a try, you can apply for cash for new car tyres from $300 to $10,000. In just 60 minutes, we might match you with a great Aussies credit provider.

Ready to begin? Scroll up to our loan slider at the top of the page or just hit ‘Apply Now.’ As we’re 100% online, you can apply for loans 24/7 with Monzi. We’d love to hear from you today.

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