Ah, the ever-elusive car loan interest rate—because nothing says joy like paying more for your wheels over time. In Australia, expect rates anywhere from 4.5% to 12% per annum, though your credit score and loan term can send that number dancing. New cars often snag lower rates due to manufacturer-backed deals, possibly dipping near the 4.5% mark, while used car loans tend to lean higher, flirting with 10% or more. Remember, shorter loan terms usually mean less interest paid overall, but heftier monthly repayments—choose your poison wisely. Always shop around and check places like Tradingpost or ServiceCentral to get the best deal on your loan and your car.
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