Looking for Australian car finance? Buckle up, because it's a jungle out there. Most Aussies opt for a car loan from banks or specialist lenders, with interest rates typically ranging from 5% to 12% depending on your credit score and loan term. New cars usually attract better rates compared to used ones, which can be snatched up from places like Tradingpost or CarShowroom. Don't forget to factor in fees and the dreaded balloon payments if you're eyeing a novated lease or a hire purchase.
Used car finance might be a bit steeper due to risk premiums, so expect APRs around 8% to 15%. Always read the fine print or talk to a broker if your head’s spinning. For a quick look at deals, ServiceCentral and CarShowroom can be your mates.
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Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
