CAR LOANS

News, info and tips to help you save smarter

Better car loans

Have you already got a car loan but want to switch to a better loan? You have stumbled on the right place then. 

RateCity has compiled some great car loans from a range of lenders for you to compare side by side. Here you can search, compare and apply for your new loan without the hassle of having to shop around at various websites, make exhaustive phone calls or visit branches. You can also use our car loan calculator to find out how much you can borrow and how much you will need to pay.

Refinance and save

If you're not happy with your current lender or loan, or you're paying too much, then it's a great idea to compare car loans and consider refinancing. By switching to a better car loan you could potentially save yourself hundreds of dollars.

Here are our top tips for those who are considering refinancing, to ensure you get a better car loan:

  • Look to low interest car loans for some of the cheapest deals - switching to a loan with an interest rate just 1 percent lower, may mean hundreds of dollars in savings over the life of your car loan.
  • Slash fees - look for a car loan with low fees and charges, because over time these nasty charges can really add up.
  • Accelerate repayments - pay above your minimum monthly repayment to clear your loan as fast as possible. Just be aware that some loans won't allow you to pay extra each month, while others will hit you with early exit fees if you pay out your loan earlier than expected.

For even more information about comparing car loans, terms and conditions, fees, charges and tips on how to save money, you should head to our Car Loans Guide. The Guide provides information about the type of loan you will most benefit from based on your circumstances. It may also help you to understand the amount you can comfortably afford to borrow, and even has a handy checklist to tick off before you sign up for a better car loan.

So before you switch to another lender, we recommend doing a little research so you understand the product that will best suit you. Go to our low interest car loans page to compare more of today's great deals.

This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about products from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers and may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. See the rating methodology. We not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a product, you will deal directly with a financial institution, and not with RateCity. Rates and product information should be confirmed with the relevant financial institution, and you should review the PDS before you decide to purchase. See our terms of use for further details. This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.