CAR LOANS

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Car loans

When purchasing a car there are two types of car loans that you can choose from: a secured car loan or an unsecured car loan.

Secured loans are tied to an asset that you own, providing a safeguard for you and your lender if you're unable to make your repayments. In the case of a secured car loan the security is generally the car. As it is secured there is less risk involved in lending you funds and therefore the interest rate on a secured loan will generally be lower than an unsecured car loan, where no security is required.

Both loans can be used to purchase a car and both types of car loans can be compared on RateCity.com.au 

To find out how much you could be saving on your repayments go to our car loan comparison page or use the car loan calculator to find out how much you can borrow and how much you'll need to repay.

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 Car Loans 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 are 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 car-loan, you will deal directly with a financial institution, and not with RateCity. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.