Looking for a loan to buy a car in Australia? Expect interest rates to vary roughly between 5% and 12% depending on your credit score and loan term. New car loans often run from 1 to 7 years, while used car loans might have shorter terms. Loan amounts can cover up to 100% of the car’s price, but lenders typically require proof of income and a decent repayment history.
Used car prices range widely, but loans for vehicles from Tradingpost or CarShowroom listings typically fall between $5,000 and $40,000. Don't forget to factor in insurance, registration, and maintenance costs. For the best deals, compare offers from banks, credit unions, and online lenders.
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Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
