Looking for cheap finance? Well, in the land of kangaroos and barbies, 'cheap' is often a mirage. Interest rates vary wildly depending on your credit score, the lender, and the term. Expect rates anywhere from 5% to 12% annual percentage rate for car loans. New car loans might be offered around 4-7% for the fortunate few with stellar credit, while used car loans tend to be pricier. Always factor in fees and read the fine print because the devil loves the details.
Check out financial offerings on Tradingpost or CarShowroom to compare, but don’t just chase the lowest rate; consider the loan term and total repayment cost. Remember, the cheapest finance isn’t always the smartest move.
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