Looking to loan a car? In Australia, "loaning a car" usually means borrowing from a mate or taking out a car loan. If you're after the latter, car loans come with interest rates typically between 5% to 12% per annum depending on your credit score. New cars can be financed via banks, credit unions, or dealerships, while used cars often require a more thorough financial check. Beware the fine print and always compare offers on ServiceCentral or CarShowroom to avoid getting stuck with a lemon or a loan shark.
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