car loan best

Looking for the best car loan? Brace yourself for the thrilling world of interest rates, loan terms, and hidden fees. The best car loan in Australia usually means the lowest interest rate combined with flexible terms and minimal penalties for early repayment. Banks, credit unions, and online lenders all compete on Tradingpost and CarShowroom to offer you a deal that won’t bleed your wallet dry.

New car loans typically range from about 4% to 8% APR, while used car loans might creep higher due to risk. Loan terms usually span 1 to 7 years. Always check the fine print for fees and whether you get a lock-in rate or a variable one. Pro tip: a good credit score will save you stacks, so keep that in mind before you sign anything.