RateCity
Cheapest Car Loan
When it comes to buying a car most Australians will negotiate on price to ensure you're getting a great deal. So it makes sense that you would shop around for the cheapest car loan to keep costs down.
Historically, finding the cheapest car loan on the market would require borrowers to visit a number of lenders' websites. But that's a thing of the past because using a financial comparison site such as RateCity allows you to view all the best deals from a range of lenders at the one site.
All you have to do is fill in a simple online form indicating the amount you want to borrow and the length of the loan, and then hit the 'find a loan' button. You can also narrow your search to show just fixed or variable interest rate results. So finding the cheapest car loan online is really simple!
Once you've indicated your search criteria, you'll see an immediate list of lenders, ranked by interest rate or application fees. You'll also be able to view the monthly repayment amount for each result, so you'll know immediately what you can afford.
The cheapest car loans in your search result can be compared in greater detail too. You can select up to six products to compare side-by-side with more information about each car loan. So if it's total repayments or star ratings that you're keen to weigh up, you'll be able to do so here.
How to find the cheapest car loan
While comparing car loans is often the best way to find a good deal, there are a number of tricks and tips to keep in mind to help reduce costs even further:
The table below lists some of today's lowest interest rates for car loans available at RateCity.
Historically, finding the cheapest car loan on the market would require borrowers to visit a number of lenders' websites. But that's a thing of the past because using a financial comparison site such as RateCity allows you to view all the best deals from a range of lenders at the one site.
All you have to do is fill in a simple online form indicating the amount you want to borrow and the length of the loan, and then hit the 'find a loan' button. You can also narrow your search to show just fixed or variable interest rate results. So finding the cheapest car loan online is really simple!
Once you've indicated your search criteria, you'll see an immediate list of lenders, ranked by interest rate or application fees. You'll also be able to view the monthly repayment amount for each result, so you'll know immediately what you can afford.
The cheapest car loans in your search result can be compared in greater detail too. You can select up to six products to compare side-by-side with more information about each car loan. So if it's total repayments or star ratings that you're keen to weigh up, you'll be able to do so here.
How to find the cheapest car loan
While comparing car loans is often the best way to find a good deal, there are a number of tricks and tips to keep in mind to help reduce costs even further:
- Opt for a low interest car loan
- Choose an option with low fees and charges, because these can really add up
- Be aware of penalties - such as early exist penalties
- Choose features that best suit your situation - if you can pay an extra $50 each month, then make sure your loan accepts extra payments, because some don't
The table below lists some of today's lowest interest rates for car loans available at RateCity.
