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Low Interest Car Loans
When you are considering your next car purchase and need a loan, interest rates are likely to be a high priority on your list of expectations. This is because a car purchase is expensive enough without the additional sting of making higher than expected loan repayments. There is virtually no limit to how much a new car can cost you and even if you are looking for a used car, it can still mean a big chunk out of your income. That’s why low interest car loans are very important for many drivers.
The difference between low interest car loans and loans that charge a higher interest rate can mean your car will cost significantly more money than when you first walk out of the dealership. It doesn’t matter whether you choose a shorter term loan or stretch it out over a longer period of time, choosing low interest car loans over higher interest loans will always make a difference to your back pocket.
It can be difficult to find the best low interest rate car loans without searching on a comparison website like RateCity. Thankfully, you can trust the information we present because it is compiled by leading research company CANSTAR CANNEX. So don't wait any longer, start comparing from the table above.
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Monthly repayments are indicative and based on advertised rate, loan amount and selected payment frequency over nominated loan term.
The advertised and comparison rate is based on credit of $30,000 and a term of 5 years. The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.
Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.
