Lender | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fixed | New | 99 years | N/A | More details | |||||||||
FEATURED | New/Demo - Special Car Loan (3 Years)
| ||||||||||||
New/Demo - Special Car Loan (3 Years)
| |||||||||||||
Fixed | New | 99 years | N/A | More details | |||||||||
New Car Loan (Fixed) (3 Years)
| |||||||||||||
New Car Loan (Fixed) (3 Years)
| |||||||||||||
Fixed | New | 99 years | N/A | More details | |||||||||
New Car Loan (3 Years)
| |||||||||||||
New Car Loan (3 Years)
| |||||||||||||
Fixed | New, Used | 99 years | N/A | More details | |||||||||
Car Loan (3 Years)
| |||||||||||||
Car Loan (3 Years)
| |||||||||||||
Fixed | New | 99 years | N/A | More details | |||||||||
Secured Fixed Personal Loan (new asset) (3 Years)
| |||||||||||||
Secured Fixed Personal Loan (new asset) (3 Years)
| |||||||||||||
Fixed | New, Used | 99 years | N/A | More details | |||||||||
Secured Loan (3 Years)
| |||||||||||||
Secured Loan (3 Years)
| |||||||||||||
Fixed | New, Used | 99 years | N/A | More details | |||||||||
Secured Car Loan (3 Years)
| |||||||||||||
Secured Car Loan (3 Years)
| |||||||||||||
Fixed | New | 99 years | N/A | More details | |||||||||
Green Car Loan (3 Years)
| |||||||||||||
Green Car Loan (3 Years)
| |||||||||||||
Fixed | New | 99 years | N/A | More details | |||||||||
Fixed Rate New Car Loan (3 Years)
| |||||||||||||
Fixed Rate New Car Loan (3 Years)
| |||||||||||||
Fixed | Used | 99 years | N/A | More details | |||||||||
Fixed Rate Car Loan (3 Years)
| |||||||||||||
Fixed Rate Car Loan (3 Years)
| |||||||||||||
Fixed | New, Used | 99 years | N/A | More details | |||||||||
Secured Fixed Car Loan (3 Years)
| |||||||||||||
Secured Fixed Car Loan (3 Years)
| |||||||||||||
Fixed | Used | 99 years | N/A | More details | |||||||||
Used Car Loan <5 years (3 Years)
| |||||||||||||
Used Car Loan <5 years (3 Years)
|
All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.
The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.
Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of December 22, 2024. View disclaimer.
Powered by:
Savings.com.au
Savings.com.au Pty Ltd ACN 161 358 363 | Australian Financial Services Licence and Australian Credit Licence 515843
The figures provided should be used as an estimate only, should not be relied on as true indication of your car loan repayments, or a quote or indication of pre-qualification for any car loan product. The figures are based upon the information you put into the calculator. We have made a number of assumptions when producing the calculations including:
When checking the market for a new car, dealers will present you different car loan terms. To help you separate and pinpoint the best deal, here are some pointers to consider when choosing a car loan deal:
When deciding on which car loan to choose, it’s important to use the loan's comparison rates as they are a more accurate indication of the total loan cost.
Remember that comparison rates are there to help buyers understand the overall cost of a loan as they show true cost of the loan including the interest and any fees.
A loan with a low interest rate may not always end up being the cheapest option. Sometimes low interest car loans can have high upfront fees and ongoing costs, which would be indicated in the comparison rate. This is why it's important to use the comparison rate when comparing the overall cost of different car loans.
A low interest rate is another indicator of a good car loan deal. The actual interest rate can affect how large your monthly repayments will be, as well as the overall price of your loan.
You can check the current interest rates on the market online to see the best deals available, and this can help you find a lender that suits your preferences.
There are many car loan lenders that offer loans with extra features to sweeten the deal. Some of these features could include:
Pre-approval - helps speed up the loan application process and can give you an idea of how much you can borrow from a lender
Additional repayments - extra payments can help you pay your loan off faster
Flexible repayment schedule - some lenders will allow you to switch between a weekly, fortnightly and monthly schedule depending on your needs
Balloon payment - a large lump sum payment at the end of the loan, making monthly repayments more affordable
The formula for calculating car loan interest is:
Monthly interest charged = (outstanding balance x interest rate) / 12
0% car loans allow you to pay back only the loan amount you have borrowed, without being charged any interest. Sometimes, 0% would only be available for a limited time such as for a promotional period and then will revert to a higher interest rate.
0% car loans may not actually mean you save any money compared to a normal car loan. You may be charged with a higher vehicle price and other fees that can significantly increase your repayments.
The most common types of car loans are:
*Comparison rates based on a loan of $30,000 for a five-year loan term. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of 21 November 2024.
Powered by:
Savings.com.au
Savings.com.au Pty Ltd ACN 161 358 363 | Australian Financial Services Licence and Australian Credit Licence 515843