Compare Car loans in VIC

Compare Car loans in VIC - Data last updated on 19 Jun 2018

Compare Car loans in VIC

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New Vehicle Fast Loan Low Rate
Advertised Rate
5.99%
fixed
Comparison Rate
6.53%
Monthly Repayment
$580
Upfront Fee
$380
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New Car Loan - RACV Silver Members
Advertised Rate
5.39%
fixed
Comparison Rate
5.93%
Monthly Repayment
$572
Upfront Fee
$380
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Car Loan
Advertised Rate
5.44%
fixed
Comparison Rate
5.99%
Monthly Repayment
$572
Upfront Fee
$400
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New Car Loan
Advertised Rate
5.99%
fixed
Comparison Rate
6.34%
Monthly Repayment
$580
Upfront Fee
$250
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New Car Loan
Advertised Rate
5.99%
fixed
Comparison Rate
6.53%
Monthly Repayment
$580
Upfront Fee
$380
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Secured Car Loan Fixed
Advertised Rate
6.79%
fixed
Comparison Rate
6.92%
Monthly Repayment
$591
Upfront Fee
$0
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Low Rate Car Loan (New and Used Car < 5 Years)
Advertised Rate
6.99%
variable
Comparison Rate
7.91%
Monthly Repayment
$594
Upfront Fee
$250
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Used Vehicle Fast Loan Low Rate
Advertised Rate
7.49%
fixed
Comparison Rate
8.04%
Monthly Repayment
$601
Upfront Fee
$380
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Used Car Loan
Advertised Rate
7.49%
fixed
Comparison Rate
8.04%
Monthly Repayment
$601
Upfront Fee
$380
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Motor Loan
Advertised Rate
From
6.99%
fixed
Comparison Rate
8.10%
Monthly Repayment
$594
Upfront Fee
$295
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Secured Personal Loan (Car < 2 Years)
Advertised Rate
7.99%
variable
Comparison Rate
8.96%
Monthly Repayment
$608
Upfront Fee
$200
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Unsecured Personal Loan - Diamond (Excellent Credit)
Advertised Rate
8.50%
fixed
Comparison Rate
9.36%
Monthly Repayment
$615
Upfront Fee
$595
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Car LoanSpecialReceive a $200 fuel voucher with a Westpac Car Loan for new or used car. Offer ends 28 June 2018.
Advertised Rate
8.49%
fixed
Comparison Rate
9.67%
Monthly Repayment
$615
Upfront Fee
$250
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Compare
Personal Loan Fixed Rate
Advertised Rate
From
9.50%
fixed
Comparison Rate
10.06%
Monthly Repayment
$630
Upfront Fee
$150
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Unsecured Car Loan
Advertised Rate
9.95%
variable
Comparison Rate
10.09%
Monthly Repayment
$637
Upfront Fee
$100
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Secured Personal Loan (Car 2-7 Years)
Advertised Rate
9.49%
variable
Comparison Rate
10.45%
Monthly Repayment
$630
Upfront Fee
$200
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Unsecured Personal Loan
Advertised Rate
12.99%
variable
Comparison Rate
13.95%
Monthly Repayment
$682
Upfront Fee
$200
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Unsecured Personal Loan
Advertised Rate
12.99%
fixed
Comparison Rate
14.15%
Monthly Repayment
$682
Upfront Fee
$250
Expand for more details
Compare

Car loans in Victoria

When you need finance to replace your car or buy a new vehicle, you will most likely be checking around for the best personal loans and car finance options available. Of course, there are a lot of big Aussie companies that offer countrywide finance, however, there are also some who target specific geographical areas. So, if you're looking for a car loan in Victoria, don't forget to consider the smaller local organisations that may be able to assist you, and even offer you a better deal.

How do car loans in Victoria work?

Most people seeking finance for a new or replacement vehicle know they will be subject to credit checks. When this will be an issue, for example if you have a blemish on your credit track record from the past, then locating the right lender can be tricky and your options more restricted or more expensive than for individuals with a clean sheet.

Luckily, there are a number of companies that offer competitive rates on car finance, even for those with poor credit ratings, so it's worth checking out a reliable site dealing with car loans in Victoria to get the best possible deal.

What are the main features of car loans in Victoria?

As with a personal loan for any purpose, as a borrower of money to buy a car you will want the cheapest possible loan deal in terms of how much you can borrow and the rate of interest payable. You will also need to check out the other terms and conditions of any loan offered. For example, some loans come with flexible repayment options, so that when you have additional funds available you can pay off your loan more quickly, without incurring any penalty. Some loans have fixed interest rates and some are variable, and you should also pay attention to the comparison rate of interest, which takes loan fees into account.

What are the pros and cons?

When you need a car, it may be for work purposes, to help you organise your domestic life, or both. A good car loan can help you secure the funds for the vehicle you need promptly (including via an online application), which will help you sort out your transport needs. It's important to make sure the terms of your car loan mean you are repaying the sum borrowed at a rate that is affordable for you each month.

Therefore, you must choose the right loan offer so that the interest rates are the lowest you can find and the term of the loan is acceptable to you. You should also consider if you would benefit from flexible repayments and make sure any charges and fees are reasonable. In addition, you should check that there is no penalty if you pay off your loan early.

Always pay attention to the way in which ratings for car loans are presented, as these will help you determine which car loan in Victoria is right for you.

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^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.

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