Looking to snag a car loan in Australia? Expect interest rates typically dancing between 5% and 12% APR depending on your credit score and lender mood. New cars might be easier to finance with lower rates, while used cars sometimes come with a bit more sting. Loan terms usually span 1 to 7 years, but beware the temptations of longer terms that might leave you paying forever. Remember, lenders like banks, credit unions, and online financiers all have their quirks. For the best deals, hop onto Tradingpost or CarShowroom to suss out prices and then match your loan accordingly.
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Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
