Some great Australiam car loans are waiting to be discovered by you at RateCity.com.au
Car loans are simply personal loans used to finance your new car. Usually the car is used as collateral to secure the loan, giving the lender some assurance and yourself a lower rate – this is called a secured car loan. However you can also get an unsecured car loan which has a different structure to it.
Car loans can be compared on a number of levels, including:
- The interest rate
- Ongoing and application fees
- Additional repayment and redraw options and fees.
Car loans are typically fast approval loans that can have you driving away in your new vehicle the same day as application. However, keep those impulses in check and do the research before you reach for those shiny keys.