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Summary

Buy a new car, motorbike, caravan or boat and benefit from a competitive variable rate.

This loan from Community First offers a competitive rate and low monthly fee to help keep your repayments manageable. If you’re buying a new car, motorbike, boat or caravan valued at over $10,000, this may be an option to consider. Find out more about the loan below.

Details

Product details

Product Name	Community First Bank New Car Loan - Variable
Interest Rate (p.a.)	5.99%
Comp. Rate (p.a.)	7.11%
Interest Rate Type	Variable
Min Loan Amount	$10,000

Main points to consider with the Community First New Car Loan

This loan comes with a competitive variable rate of 5.99% p.a. and an ongoing monthly fee of $10. It can only be used to finance new car purchases and loan amounts are available from $10,000. Loan terms can extend up to 7 years.

Features on offer with this loan

If you're looking for a convenient way to finance your car, consider the following features Community First offers with this loan:

Loan amounts. Apply for any amount between $10,000.
Choice of loan term. You can choose loan terms to suit your needs and budget. Loan terms between 1 to 7 years are available.
Eligible vehicles. You need to be purchasing a brand new car, a demonstrator vehicle, a new registrable motorbike, new caravan or a new boat.
Competitive rate. You'll enjoy a variable rate, currently 5.99% p.a., with this loan.
Low ongoing fees. This loan comes with a monthly fee of $10. Keep in mind an establishment fee of $295 also applies, PPSR included.

How you can apply for the Community First's New Car Loan

If this sounds like the right loan for you, you can get your application started by clicking "Go to Site". Make sure you meet the following criteria before you start your application.

You must:

Be over the age of 18
Have a regular income
Be an Australian citizen, permanent resident or be on an approved working visa
Have not had any defaults in the last five years
Have been in your current job longer than three months

Keep the following information on hand so you can complete your application:

Personal details such as your name, current and previous address, phone number and email address
Details of your income, employment, assets and debts

After you submit your application, a representative from Community First will contact you within 24 to 48 hours to discuss the next steps.

Compare car loan providers

1 - 13 of 13

Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
OurMoneyMarket Car Loan - Excellent Credit ExclusiveFixed1 - 7 Years $2,001 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 6.57% to 21.78%	Application Fee $0	Monthly Fee $0	Monthly Repayment $613.62	Go to site More Info Compare	Finder Exclusive: Apply by November 30th 2023 and if approved, OurMoneyMarket will waive the establishment fee for Excellent Credit Customers.
OurMoneyMarket New Car Loan Fixed1 - 7 Years $2,001 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee $250 min.	Monthly Fee $0	Monthly Repayment $622.82	Go to site More Info Compare
loans.com.au - New - Fixed Rate Special Fixed3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.79%	Comp. Rate (p.a.) 7.91%	Application Fee $400	Monthly Fee $8	Monthly Repayment $635.94	Go to site More Info Compare	You'll receive a fixed rate of 6.79% p.a. based on your risk profile Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.
CarMoney New Car Loan ExclusiveFixed18 Months - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.89% to 15.09%	Comp. Rate (p.a.) 8% to 16.16%	Application Fee $400	Monthly Fee $8	Monthly Repayment $636.87	Go to site More Info Compare	Finder Exclusive: Apply for and settle a car loan and get a $200 cashback. Limited time offer. Terms and conditions apply.
NRMA New Car Loan Fixed1 - 7 Years $5,000 - $130,000	Interest Rate (p.a.) 7.29% to 16.99%	Comp. Rate (p.a.) 8% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $635.67	Go to site More Info Compare	Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.49% p.a. and comparison rates from 6.19% p.a.)
RACV New Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 7.29% to 16.99%	Comp. Rate (p.a.) 8% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $635.67	Go to site More Info Compare	You'll receive a fixed rate from 7.29% p.a. A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
loans.com.au - New - Variable Rate Special Variable3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.24%	Comp. Rate (p.a.) 7.36%	Application Fee $400	Monthly Fee $8	Monthly Repayment $630.83	Go to site More Info Compare
CarMoney Used Car Loan Fixed18 Months - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.2% to 15.75%	Comp. Rate (p.a.) 6.71% to 16.18%	Application Fee $399	Monthly Fee $0	Monthly Repayment $622.43	Go to site More Info Compare
RACV Used Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 8.49% to 16.99%	Comp. Rate (p.a.) 9.21% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $647.01	Go to site More Info Compare	You'll receive a fixed rate from 8.49% p.a. Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
NRMA Used Car Loan Fixed1 - 7 Years $5,000 - $130,000	Interest Rate (p.a.) 8.49% to 16.99%	Comp. Rate (p.a.) 9.21% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $647.01	Go to site More Info Compare	You'll receive a fixed rate from 8.49% p.a. Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
Great Southern Bank Fixed Rate Car Loan Fixed1 - 7 Years $5,000 - $100,000	Interest Rate (p.a.) 6.49% to 15.04%	Comp. Rate (p.a.) 6.86% to 15.44%	Application Fee $265	Monthly Fee $0	Monthly Repayment $621.01	Go to site More Info Compare	You'll receive a fixed rate of 6.49% p.a. A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
Stratton Finance New Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.29% to 18%	Comp. Rate (p.a.) 6.72% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $623.14	Go to site More Info Compare	You'll receive a fixed rate from 6.29% p.a. depending on the lender you are approved with. Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Stratton Finance Used Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 7.05% to 18%	Comp. Rate (p.a.) 8.36% to 23%	Application Fee $482	Monthly Fee $8.90	Monthly Repayment $641.79	Go to site More Info Compare	You'll receive a fixed rate loan from 7.05% p.a. with a comparison rate of 8.36% p.a. A used car loan of up to $300,000 with quick approval times and balloon payment options.

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