Australians who are in the market for a new car can take out a car loan for under 5 per cent, a new analysis of the car loan market has found.
2.28 million Australians intend to purchase a new vehicle in the next four years, however, this number has fallen by 270,000 people from 2.55 million last year.
What’s the best way to do your research before making a new car purchase? According to new research from Roy Morgan, about two thirds of you are likely to have said “the internet” regardless of your generation.
More Australians have made plans to buy a new car this year, according to Roy Morgan. But as well as considering the costs of car loans and financing for their new vehicles a growing number of Aussies are also considering vehicles with alternative fuel supplies.
A range of lenders are currently offering some of the cheapest car loans in Australian history.
If you’re in the market for a car loan you may want to consider adding Lexus to your list of options, as the car manufacturer has been named the winner of the Roy Morgan Customer Satisfaction Award “Best of the Best” for 2017.
Australia’s transport costs were up over the 2017 December quarter, with rises to the cost of fuel, tolls and insurance outpacing falls in the cost of car loans, servicing and registration, according to the Australian Automobile Association (AAA).
^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.