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
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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.
Get a secured or unsecured loan from a range of lenders with the Credit Concierge car loan.
Looking for a car loan that’s fast, flexible and 100% online? Check out the Harmoney Car Loan here.
Get behind the wheel faster with a competitive low rate and no monthly fees.
Concerned about the earth but still need a car to get you around? The Bank Australia Car Loan comes with a competitive rate and trees will be planted to offset the greenhouse gas emissions produced by your car for the term of your loan.
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.
You can finance a new or used car with this loan from People First Bank and you could enjoy pre-approval, no monthly fees and a lower interest rate.
Find out if you might be eligible for a loan offering a competitive variable rate to help you finance your new car purchase with low monthly fees.
Purchase a new car or refinance your current used vehicle for a competitive rate with Westpac. There's a range of flexible features on offer, so find out if you're eligible to apply for one of its competitive offerings.
This NAB secured car loan offers loans of up to $100,000 for new and used vehicles less than 12 years. It has a fixed interest rate with loans of 1 - 7 years, but no penalty if you repay the loan early.