This will determine how much your repayments are, so compare lenders to get the best rate.
The length of your loan will also impact your repayments. Longer term loans will have smaller repayments but will take longer to pay off and you'll pay more in interest. Also look out for "balloon payments", with one larger repayment at the end of the term.
Check how often you need to make repayments, how you make them and if you're able to make extra repayments or repay your loan early without penalty.
Some loans come with monthly account fees or administration fees, establishment fees or early repayment fees.
Below is a checklist of some of the information and documentation you may need to supply for your car loan application.
Identification
Income and employment
Assets and liabilities
Vehicle details
We currently don't have that product, but here are others to consider:
How we picked theseTo make comparing car loans even easier we came up with the Finder Score. Interest rates, fees and features across 200+ car loan products and 100+ lenders are all weighted and scaled to produce a score out of 10. The higher the score, the more competitive the product.
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We've helped thousands of Australians find a car loan by keeping things simple and free of complicated jargon.
Our side-by-side car loan comparison makes it easy to find a car loan that is a good fit.
Some lenders offer a better deal if you get a loan for an eco-friendly car. See how they work and compare car loans here.
On a pension but need a new car? There are still many choices if you know where to look.
Want to buy a classic car but don't have the ready money? There are still financing options available for classic vehicles. Find out what loans you have to choose one and which one will work best for you.
Find out the extent of Australia's Tesla Supercharger network with our complete map of every charging station.
Find out how to take advantage of competitive rates, no monthly fees and an easy application all while getting the finance you need with IMB loan options.
People’s Choice offers competitive loans with pre-approval, rate discounts and other features to help put you behind the wheel of a new or used vehicle.
If you've come to the end of your novated lease and you are left with a balloon payment, you might be wondering whether to refinance that into a personal loan or take on another novated lease.
Lock in a competitive rate for as long as five years with First option Bank – you can finance both new and used car loans.
BankSA offers a range of loans for your next car. If you're looking to finance a new or used car you can consider a secured or unsecured personal loan from BankSA, both with competitive rates. Compare and apply today.
If you're in the market for a range of loans, Gateway Bank might have an offering worth considering. You can use your car as security and get a lower rate with both new and used vehicles, so compare and apply today.