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car finance in australia

Ah, car finance in Australia, the necessary evil for most of us dreaming of that shiny set of wheels. Typically, you can choose between a personal loan, chattel mortgage, or a hire purchase, each with its own quirks and fees. Interest rates vary wildly, roughly from 5% to 12% annually, depending on your credit score and the lender’s mood. New car loans usually come with better rates, while used car finance might be a bit steeper. Don't forget to factor in loan terms from 1 to 7 years and watch out for hidden fees that love to sneak in like a bad backseat driver. For a treasure trove of deals and options, check out sites like Tradingpost or CarShowroom. Buckle up, because financing a car is a ride on its own.

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