Looking for a cheap car loan in Australia? Brace yourself for a maze of interest rates, fees, and sneaky terms. Typically, new car loans can range from 4% to 8% APR, while used car loans might flirt with 7% to 12% APR, depending on your creditworthiness. Banks, credit unions, and finance companies all have their own little traps, so shop around like your bank balance depends on it—because it does. Keep an eye on loan terms, as a longer term might lower your monthly payment but increase total interest paid. For a bit of fun, check out offers on Tradingpost and CarShowroom to see what loans come bundled with the cars.
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