The first question that our car loan brokers get asked is usually 'what's your lowest rate?' This is because historically, the car loan market has focused on the rate and trained the public to look for the lowest possible rate as the first feature of their car loan.
Using the interest rate it a great way to compare how much different loan options will cost you over the life of your car loan, so you'll need to be sure that you understand what determines your interest rate.
When comparing different car loans, it's important to know your car loan rates.
When you compare different car loans, you'll want to know what interest rate you're paying for the car loan, as well as the fees the lender might charge. This means the best way to compare car loan rates is by using the 'comparison rate', which includes the fees in the car loan rates.
Simply comparing the rate isn't enough to help you make important decisions about your choice of car loan though.
When you decide on the right car loan for you, you might consider the purpose of the vehicle that you are planning to purchase. This will help you to choose between a chattel mortgage and a consumer car loan.
You'll also need to consider any bank fees, your application fee, and any ongoing account fees that may apply to your car loan.
Whether you're credit history is squeaky clean, or you have a mark or two, by comparing car loan rates across our lenders, our car loan brokers will make sure that you get the best value for money, taking the whole loan structure into account.
It's important to remember that car loan rates are only one part of the car loan.
This means that it is essential to make sure that you can easily afford the repayments on the loan.
Our Positive promise is that we'll make sure you're 100% comfortable with the loan that you get, and we'll also make sure you get the best value for money for the whole car loan.