new car finance rates

Looking for new car finance rates in Australia? Typically, interest rates for new car loans hover between 4% and 9% APR, depending on your credit score, loan term, and lender. Big banks and credit unions might offer competitive rates around 4-6%, while dealership financing can sometimes sneak in higher rates dressed as 'special offers'. Loan terms usually range from 24 to 72 months, with shorter terms saving you interest but increasing monthly payments.

Used car loans often attract slightly higher rates, from about 6% to 12% APR. For the latest and best deals, keep an eye on marketplaces like CarShowroom or lending platforms. Remember, your creditworthiness is king here—no credit, no car.