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Hit the road this summer with December’s top car loans

Hit the road this summer with December’s top car loans

Easing border restrictions, warm weather and some well-deserved time off are the perfect ingredients for a great Aussie road trip. Perhaps all that’s missing is the car.

Over the year, new car sales experienced 11 straight months of year-on-year growth, even reaching historic levels, before eventually recording declining figures in the past two months

Federal Chamber of Automotive Industries’ chief executive, Tony Weber, puts the recent declines down to “well recognised international supply chain issues”.

“This includes constraints around microprocessor supplies as well as the ongoing impact of the pandemic restricting factories,” Mr Weber said.

Many Australians who have not wanted to wait for their new car to arrive have shifted their focus to the used car market, which in turn has also seen exponential growth over the past 12 months.

Meanwhile, hybrid and electric vehicle (EV) sales have surged in 2021, as various state and nationwide incentives and funding packages for EVs were announced in recent months.

While demand for all types of road vehicles has climbed over the year, car loan interest rates have remained competitive. 

If you’re in the market for a new set of wheels to hit the open road this summer, RateCity’s car loan comparison tools can help you in your search for the right finance option.

Our car loan comparison tables allow you to filter down your results to help you find a new, used, or green car loan that could best suit your needs.

To help get you started with your research, RateCity has put together some of the top-rated car loans for December 2021, based on our leaderboard rankings.

(Rankings are correct at the time of publishing. Please note lenders may trade places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)

Top-rated new car loans

Top-rated used car loans

Top-rated green car loans

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This article was reviewed by Personal Finance Editor Alex Ritchie before it was published as part of RateCity's Fact Check process.

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