Switch & Save Refinance Car Loan Calculator
Compare your refinancing options with RateCity's car loan switch and save calculator. Calculate repayments and potential savings when switching to a different car loan product.
Calculate your car loans repayments and savings when switching your car loans from the Big 4 banks
Borrowers who have switched to smaller, more competitive lenders are saving hundreds of dollars every month. With rates well under 10% now, there’s no better time to switch. Compare your car loan rate against the latest deals:
Product | Advertised Rate 4.67 % p.a Fixed | Comparison Rate* 5.22 % p.a | Company | Save by switching $4,548 total savings | Repayment $129 based on $30,000 loan amount for 5 years at 4.67% | Upfront Fee $400 | Go to site |  Drive away with a new set of wheels, without forking out ongoing fees. |  Winner of Best New Car Loans, RateCity Gold Awards 2021 More details |
Product | Advertised Rate From 4.74 % p.a Fixed | Comparison Rate* 5.01 % p.a | Company | Save by switching $4,491 total savings | Repayment $130 based on $30,000 loan amount for 5 years at 4.74% | Upfront Fee $195 | Go to site | Tech-savvy car buyers can apply for this digital lender online, and pay no ongoing fees or early repayment fees. More details | |
Product | Advertised Rate From 5.35 % p.a Fixed | Comparison Rate* 5.65 % p.a | Company | Save by switching $3,987 total savings | Repayment $132 based on $30,000 loan amount for 5 years at 5.35% | Upfront Fee $250 | Go to site | Buying a new or second-hand car? Apply online today and enjoy no ongoing or early repayment fees. More details | |
Product | Advertised Rate From 3.35 % p.a Fixed | Comparison Rate* 4.41 % p.a | Company | Save by switching $5,621 total savings | Repayment $125 based on $30,000 loan amount for 5 years at 3.35% | Upfront Fee $350 | Go to site | Enjoy the freedom of choosing a new or used car, as well as the certainty of a fixed-rate car loan. More details | |
Product | Advertised Rate From 4.89 % p.a Fixed | Comparison Rate* 5.44 % p.a | Company | Save by switching $4,367 total savings | Repayment $130 based on $30,000 loan amount for 5 years at 4.89% | Upfront Fee $249 up to $799 | Go to site | More details | |
Product | Advertised Rate 4.67 % p.a Fixed | Comparison Rate* 5.22 % p.a | Company | Save by switching $4,548 total savings | Repayment $129 based on $30,000 loan amount for 5 years at 4.67% | Upfront Fee $400 | Go to site | Winner of Best Used Car Loans, RateCity Gold Awards 2021 More details | |
Product | Advertised Rate 4.99 % p.a Fixed | Comparison Rate* 5.34 % p.a | Company | Save by switching $4,285 total savings | Repayment $130 based on $30,000 loan amount for 5 years at 4.99% | Upfront Fee $250 | Go to site | More details | |
Advertised Rate Headline rate From 6.99 % p.a Fixed | Comparison Rate* 7.91 % p.a | Company | Save by switching $2,611 total savings | Repayment $137 based on $30,000 loan amount for 5 years at 6.99% | Upfront Fee $150 | Go to site | More details |
*How we came up with our estimates?
- Estimated savings are calculated by averaging the car loan interest rates from Australia’s big four banks; averaging the four lowest interest rates for personal loans available through RateCity; and comparing the cost difference when these average interest rates are applied to a $30,000 loan with a five term and monthly repayments.
- These estimated savings calculations were made on 8 March 2018.
- Estimated savings are not a guarantee or projection of future savings.
Nick Bendel
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covered property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.
