Looking to snag a car loan in Australia? Expect interest rates anywhere from around 4% to 10% depending on your credit score and lender mood swings. New car loans typically span 3 to 7 years, with monthly repayments calculated accordingly. Don't forget, banks and lenders like to see a decent deposit—usually around 10-20% of the car's price—to avoid being laughed out of the office. Used car loans might come with slightly higher rates due to added risk. For a no-nonsense breakdown and to compare deals, check out ServiceCentral or CarShowroom.
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