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Are you ready to ditch the second-hand bomb you’ve been driving for a snazzy new car? Buying a brand new car doesn’t come cheap, however, and unless you’ve been diligently saving towards this goal, you will need to examine car loan options.
Rising petrol prices have eaten into household budgets for millions of Australian drivers and research shows the cost of fuel is set to rise again in coming months.
To avoid heartache, and potential financial ruin, it pays to do your homework before driving away in your new purchase. In fact, the homework should begin well before you apply for a car loan.
The deals on offer look pretty attractive. But reports suggest not all deals are what they seem with some motorists allegedly paying more in interest than the cost of their new cars.
Cars depreciate on average by around 14 percent per year in the first three years, then up to eight percent after that.
Economists at the Australian National University say motorists would benefit from a higher tax on petrol.
Most cars are depreciating assets, losing 14 percent per year on average in the first three years, then up to 8 percent after that, says consumer watchdog Choice.
One in two new car owners who purchased a vehicle in the past three years are already looking to replace it with a smaller model, research suggests.
Car manufacturers are luring motorists with a combination of low-interest finance deals and other offers in an effort to stimulate a flat market, experts warn.
Despite rising fuel costs, new research shows that car running costs have fallen over the past 12 months.
Australians shopping on the used-car market are being warned against potential rip-offs as thousands of water-damaged vehicles flood the market.
When the US government increased the nation's debt ceiling last week to avert defaulting it was a timely reminder for personal borrowers around the world to consider their own finances.
Nearing the end of your current loan deal, borrowing for the first time or keen to consolidate existing debt? Here's what you need to know.
Elevated petrol prices combined with interest rate rise speculation spells bad news for motorists, particularly those with a personal or car loan. But there are ways to keep car costs down.
If you rely on someone else to sort out your finances or you've simply lost track of yours then you could be wasting hundreds, if not thousands, of dollars each year in interest, fees and charges without even knowing it.
New cars have lost some of their sparkle this year, with sales at 21-month lows. Low stock levels from earthquake and tsunami-ravished Japanese manufacturers has put the brakes on local sales. That, combined with steady interest rates and a flurry of low-rate car loans on the market means now may be a good time to buy your dream car.
The car loan market is hotting up thanks to a spate of new affordable models entering the Australian market, but most young buyers still need a hand from mum and dad to get them over the line. Some parents help with the deposit and many are guarantors for their children's loans.
If you're looking to buy a car, brand-new or second-hand, choosing the best way to pay for it could save you hundreds of dollars or more. But with over 140 car loans and more than 180 personal loans listed on RateCity, how do you know which option is the right one for you?
While acquiring a car loan may seem simple enough, given that there are more than 320 personal and car loans available to be found through RateCity. The trick is to find a loan that will suit your needs and vehicle and one that will save you money in the long run.
New car sales in Australia few 7 percent more than the year to March 2010 figures, resulting in a spike in enquiries for new car loans. Sales don't appear to be slowing any time soon either.
Ever wondered why car loans tend to be cheaper than personal loans? The answer lies in ‘security’. A quick look at the loans available through RateCity confirms that the rate applicable to many car loans can be less than 9% compared to about 13% for the cheapest personal loans.
Whilst there are some great promotional deals on the market, there are some precautions you can take to avoid being stuck with the car loan from hell.
Car loans have picked up momentum in 2010 from the slumps of the financial crisis. With government incentives being introduced for the new decade, there is plenty of room for growth, and Australians who shop around for the best car deals may find that 2010 is the year to buy a car.
Need a new car but concerned about climate change? No worries. A new type of car loan is making it easier to buy that clean, green, driving machine. They’re called ’green car loans’ and they reward you for making more environmentally friendly choices.
Are your car loan costs too high? Sell it, share it, and save. New car sharing companies are popping up in all capital cities to help consumers cut down on the running costs of owning your own car.