Used Car Loans
Whether you are buying a used or new car the most important first step is to start searching and comparing for Australian car loans. All used car loans offer something different so spend some time working out what you want and then start comparing interest rates, features and fees until you find the best fit.
A used car loan differs from new car loans and is tailored specifically for those who want to borrow money purely for the purpose of purchasing a used vehicle. Each financial institution will have their own eligibility conditions, some have car age restrictions, so as well as tracking down a good deal keep a keen on the terms and conditions also.
Perhaps the biggest difference between a used and new car loan is the interest rates. Unfortunately the interest rates tend to be a little higher for used car loans.
The rest of the features, like secured and unsecured loan options and fixed and variable interest rates, are much the same, so it will pay to do a little reading so you can pick the best option for your financial situation. RateCity has a comprehensive car loans guide that can steer you down the right track and help you nut out the features and options.
Rev up your search now with our used car loan comparison table below and crunch the numbers with our repayment calculator.
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