Things you should know about car loans
What is a car loan?
A car loan is a type of personal loan used for the purpose of buying a new or used car. It allows you to shop for a car using finance, usually over 3 to 7 years, as opposed to dipping into your savings.
How do I compare car loans?
We make choosing the right loan easy with our handy tools and guides. Compare and save on car loans up to $100,000 with great rates starting from as low as 4.89% p.a.
How do car loans work?
With a car loan, you enter into a contract in which you borrow an amount of money and agree to pay it back over a certain time period. Knowing the in and outs of how it works will go a long way to saving you time and money.
How much can I borrow for a car loan?
There are a few considerations that come into play when determining how much you can borrow to buy a car, including how much you can afford and the value of the vehicle you are purchasing.
Your guide to buying a used car
Buying a used car does not mean buying a beat-up bomb; and that there are some really good deals from private sellers who longer need their cars. But how do you know when you’ve found a good deal?
Should I refinance my car loan?
Refinancing your car loan could get you a better interest rate, lower monthly repayments or give you more flexibility. However, it’s important you know what to look for to get the best deal for your situation.
How to avoid getting a bad deal on your car loan
There are six things you should know before you think about getting a car loan through a dealership. We share our tips and tricks to get you in the driver’s seat for less.
Car loan statistics in Australia
See the changing face of car loans in Australia and explore up to date primary data and statistics covering market growth and consumer behaviour.
This information does not constitute financial advice and you should consider whether it is appropriate to your circumstances before you act in reliance on it. Any opinions, forecasts or recommendations reflect the judgement and assumptions of RateSetter as at the date of publication and may later change without notice.