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RACQ Bank Car Loans

The RACQ (Royal Automobile Club of Queensland) was formed by 12 motorist enthusiasts in 1902. Today the club operates as a mutual organisation and provides roadside assistance, car insurance, boat insurance home and contents insurance and other services to its members in Queensland. The RACQ head office is located Eight Mile Plains. In 1997 RACQ launched their member benefits and discount program under the slogan "show your card and save". In 2002 a new organisational structure was implemented by the new joint venture partner Suncorp Metway. Prior to this time RACQ had partnered with AMP and GIO who initiated writing RACQ’s first insurance policies. The organisation has always been committed to driver education and awareness, evident in the launching of their ’learn2go’ program for learner drivers and ’The Streets Ahead’ - a road safety education program for primary school students.

RACQ Bank car loan repayment calculator

Thinking about taking out a car loan with RACQ Bank? Use our car loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how RACQ Bank car loans compare with other options.

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RACQ Bank Car Loans rates

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FAQs

A bad credit car loan is a car loan for borrowers who have ‘bad credit’ or a bad credit history.

Some lenders refuse to offer bad credit car loans, because they believe there is an excessive risk that bad credit borrowers will not repay their loans. However, other lenders are willing to provide bad credit car loans.

Generally, these lenders charge higher interest rates for bad credit car loans than ‘prime’ car loans, reflecting the higher level of risk. Bad credit car loans may also have higher fees than prime car loans.

However, the big advantage of a bad credit car loan is that it allows borrowers with bad credit to access finance. Another advantage is that it could help bad credit borrowers improve their credit rating, assuming they make all their repayments on time.

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