Car Loans

When you’re looking to buy a new car, a car loan can speed up the process. How do you know which loan to choose? Compare car loans from 8 providers below, and get information by reading our car loan articles and guides.

Remember when comparing car loans on MoneyBuddy that while we have many listed we don't have every product or provider and you may not be able to compare some car loan features.

The list below is not to be taken as a recommendation or an endorsement of any product or provider. We do not have any details of your personal circumstances and therefore are unable to make a recommendation as to which product might be most suitable for you. The information is presented to you so that you may make a decision based on your personal circumstances. The information in the list is presented randomly.

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All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing. MoneyBuddy endeavours to keep product information up to date however we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. We recommend that you check the accuracy of all information provided on this website with the product provider. MoneyBuddy earns a referral fee from redirecting website users to a product provider's website. Further details are provided in relation to specific product information. Website users have no obligation to apply for a product or service that they may be referred to by this website.

Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

What is a car loan?

Car loans are usually personal loans used to finance a new or used car purchase. The car is generally used as collateral to secure the loan which gives the lender some assurance that the loan will be repaid.

Car loans can be compared by various factors such as whether the interest rate is fixed or variable, and also the level of fees attached the car loan on an ongoing basis. Car loans are generally quickly approved which means you can purchase a brand new car in a matter of days after getting the loan. MoneyBuddy Australia has made available a great selection of car loansand articles to help you learn about car loans to suit your budget.

Choosing a car loan for you

Due to each person’s different circumstances, there can be no one best car loan that covers everyone. However there are some things to look out for when choosing car loans, which can help narrow down your list of providers to those who only offer great car loans for your particular needs.

The providers who offer lower car loan rates are usually the ones that people would choose when deciding which loan to take, but other options can also be very important. Things such as the length of the loan, the deposit required or balloon payments required when the term of the loan ends are all things that make a difference to your financial obligations. Fees associated with the loan are also another area that vary greatly between providers. To find out the true cost of a loan, including fees and charges, look at the comparison rate, which takes this into account to show the actual cost of repaying the loan.

Some customers may even need special types of car loans, such as those with bad credit or no credit history, or even people who are on government payments.

These are some of the main things to look out for when deciding which car loan is best for your situation. Don't be fooled by advertisements offering low or no interest, as sometimes this means there is a high deposit required or a short loan length, which would require high monthly payments. It is better to compare on all conditions and requirements and then choose which car loan is best suited to you overall.

Car loan guides & articles

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