Compare Car Loans | Cheap Car Loans Comparison - BestFind.com.au

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Car loan amount

Term of car loan

Features

Type of vehicle loan

Car finance provider

Car Loans Comparison

for $30,000 over 5 years
Hume Bank
7.95%
8.13%
$610.11

Secured Car Loan < 5 years

Expand info ˅

Buying a car is stressful enough, our car loans offer no monthly fees, no penalty of early repayments and free online redraw.

Overview

Application / establishment fees$125

Minimum loan amount$2,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)7.95%

Car loan comparison rate8.13%

Monthly repayments (approx)$610

Total repayments (approx)$36,606

Total interest repayments (approx)$6,606

Rate typeFixed

Secured or unsecuredSecured

GO TO Hume Bank

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 004 863

Data accurate as of01.04.2018

GO TO Hume Bank

Comparison rate warning

Comparison rates based on secured loan of $30,000 over 5 years with monthly repayments. WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO Hume Bank

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Hume Bank
7.95%
8.13%
$610.11

Secured Car Loan < 5 years

Expand info ˅

Buying a car is stressful enough, our car loans offer no monthly fees, no penalty of early repayments and free online redraw.

Overview

Application / establishment fees$125

Minimum loan amount$2,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)7.95%

Car loan comparison rate8.13%

Monthly repayments (approx)$610

Total repayments (approx)$36,606

Total interest repayments (approx)$6,606

Rate typeFixed

Secured or unsecuredSecured

GO TO Hume Bank

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 004 863

Data accurate as of01.04.2018

GO TO Hume Bank

Comparison rate warning

Comparison rates based on secured loan of $30,000 over 5 years with monthly repayments. WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO Hume Bank

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Hume Bank
12.95%
13.14%
$684.67

Unsecured Car Loan > 5 years

Expand info ˅

Buying a car is stressful enough, our car loans offer no monthly fees, no penalty of early repayments and free online redraw.

Overview

Application / establishment fees$125

Minimum loan amount$2,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)12.95%

Car loan comparison rate13.14%

Monthly repayments (approx)$684

Total repayments (approx)$41,080

Total interest repayments (approx)$11,080

Rate typeFixed

Secured or unsecuredSecured

GO TO Hume Bank

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredYes

Telephone1300 004 863

Data accurate as of01.04.2018

GO TO Hume Bank

Comparison rate warning

Comparison rates based on secured loan of $30,000 over 5 years with monthly repayments. WARNING: The comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO Hume Bank

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IMB
5.99%
6.34%
$584.68

New Car Loan

Expand info ˅

With great rates and no penalty for early payout, the IMB New Car Loan could have you cruising in the car of your dreams sooner than you thought.

Overview

Application / establishment fees$250

Minimum loan amount$2,000

Maximum loan amount$75,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)5.99%

Car loan comparison rate6.34%

Monthly repayments (approx)$584

Total repayments (approx)$35,080

Total interest repayments (approx)$5,080

Rate typeFixed

Secured or unsecuredSecured

GO TO IMB

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredNo

Telephone133462

Data accurate as of14/03/2018

GO TO IMB

Comparison rate warning

Comparison rate is based on a $30,000 secured loan over 5 years. WARNING: This comparison rate applies only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts may result in different comparison rates. Normal IMB lending criteria, terms and conditions, fees and charges apply.

GO TO IMB

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Arab Bank
11.30%
12.32%
$661.32

Secured Personal Loan

Expand info ˅

An Arab Bank Australia Personal Loan is a great way to purchase the car you want or need now, if you currently don't have the savings or cash to make your purchase.

Overview

Application / establishment fees$200

Minimum loan amount$2,000

Maximum loan amount$500,000

Minimum term0 years

Maximum term5 years

Car loan interest rates (base)11.30%

Car loan comparison rate11.60%

Monthly repayments (approx)$661

Total repayments (approx)$39,679

Total interest repayments (approx)$9,679

Rate typeFixed

Secured or unsecuredSecured

GO TO Arab Bank

Other Fees & Information

Monthly fee$8.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$250

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1800 64 64 84

Data accurate as of13.03.2017

GO TO Arab Bank

Comparison rate warning

The comparison rate is based on a loan amount of $30,000 and is calculated over a term of 5 years based on monthly repayments. This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

GO TO Arab Bank

Hide info ˄

The Capricornian
11.95%
12.33%
$672.13

Unprotected Car Loan < 3 years

Expand info ˅

With flexible options and competitive interest rates you could be driving your dream car sooner than you think.

Overview

Application / establishment fees$250

Minimum loan amount$5,000

Maximum loan amount$75,000

Minimum term1 year

Maximum term5 years

Car loan interest rates (base)11.95%

Car loan comparison rate12.32%

Monthly repayments (approx)$672

Total repayments (approx)$40,327

Total interest repayments (approx)$10,327

Rate typeFixed

Secured or unsecuredUnsecured

GO TO The Capricornian

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1300 314 900

Data accurate as of02.04.2017

GO TO The Capricornian

Comparison rate warning

This comparison rate is based on a secured loan of $30,000 loan over 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.

GO TO The Capricornian

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Big Sky Building Society
12.40%
12.43%
$673.41

Fully secured loan

Expand info ˅

Big Sky offers car loans with varying interest rates depending on the type of vehicle being purchased and security offered.

Overview

Application / establishment fees$0

Minimum loan amount$10,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)12.40%

Car loan comparison rate12.40%

Monthly repayments (approx)$673

Total repayments (approx)$40,404

Total interest repayments (approx)$10,404

Rate typeVariable

Secured or unsecuredSecured

GO TO Big Sky Building Society

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment schedulen/a

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1300 654 321

Data accurate as of02.04.2017

GO TO Big Sky Building Society

Comparison rate warning

Comparison rate calculation is based on a loan of $10,000 over 3 years with fortnightly repayments unless otherwise stated. The comparison rates apply only to the example or examples given. Normal lending criteria apply, interest rate is per annum and is variable. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.  All interest rates are subject to change.

GO TO Big Sky Building Society

Hide info ˄

Beyond Bank
13.45%
13.71%
$693.55

Flexi Car Loan

Expand info ˅

Make your dreams come true with a car loan that offers maximum flexibility. Our Flexi Car Loan is available for the purchase of new and used cars.

Overview

Application / establishment fees$175

Minimum loan amount$5,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)13.45%

Car loan comparison rate13.71%

Monthly repayments (approx)$693

Total repayments (approx)$41,613

Total interest repayments (approx)$11,613

Rate typeVariable

Secured or unsecuredSecured

GO TO Beyond Bank

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1300 236 344

Data accurate as of02.04.2017

GO TO Beyond Bank

Comparison rate warning

The comparison rates are calculated for a secured loan of $30,000 with monthly repayments over a term of five years. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

GO TO Beyond Bank

Hide info ˄

Commonwealth Bank
12.99%
13.86%
$686.08

Fixed Rate Personal Loan

Expand info ˅

We have dropped the rate on our 5 and 6 year loan terms.

Overview

Application / establishment fees$150

Minimum loan amount$4,000

Maximum loan amount$50,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)12.99%

Car loan comparison rate13.23%

Monthly repayments (approx)$686

Total repayments (approx)$41,164

Total interest repayments (approx)$11,164

Rate typeFixed

Secured or unsecuredUnsecured

GO TO Commonwealth Bank

Other Fees & Information

Monthly fee$10.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone13 14 31

Data accurate as of02.04.2017

GO TO Commonwealth Bank

Comparison rate warning

Comparison based on an unsecured $30,000 loan over 5 years. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

GO TO Commonwealth Bank

Hide info ˄

Credit Union SA
13.60%
13.89%
$696.34

Variable rate car loan

Expand info ˅

The variable rate personal loan is unsecured.

Overview

Application / establishment fees$195

Minimum loan amount$5,000

Maximum loan amount$100,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)13.60%

Car loan comparison rate13.89%

Monthly repayments (approx)$696

Total repayments (approx)$41,780

Total interest repayments (approx)$11,780

Rate typeVariable

Secured or unsecuredUnsecured

GO TO Credit Union SA

Other Fees & Information

Monthly fee$0

Other fees$0

Missed payment fee$10

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check feeAt cost

For used vehiclesYes

SponsoredNo

Telephone08 8202 7777

Data accurate as of17.07.2017

GO TO Credit Union SA

Comparison rate warning

Comparison rates are based on a secured loan of $30,000 with monthly repayments over a term of 5 years. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

GO TO Credit Union SA

Hide info ˄

Bank of Melbourne
12.99%
14.06%
$687.15

Unsecured Personal Loan

Expand info ˅

Buy the type of car or vehicle you want with interest rates from 12.99% p.a. (comparison rate 14.06% p.a.)

Overview

Application / establishment fees$195

Minimum loan amount$3,000

Maximum loan amount$80,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)12.99%

Car loan comparison rate13.30%

Monthly repayments (approx)$687

Total repayments (approx)$41,229

Total interest repayments (approx)$11,229

Rate typeVariable

Secured or unsecuredUnsecured

GO TO Bank of Melbourne

Other Fees & Information

Monthly fee$12.0

Other fees$0

Missed payment fee$9

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$100

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1300 100 266

Data accurate as of13.09.2017

GO TO Bank of Melbourne

Comparison rate warning

The above comparison rates are based on an unsecured personal loan of $30,000 over 5 years and are only true for this example. Interest rate ranges and representative examples are: Based on an unsecured loan of $30,000 borrowed for 5 years with the minimum interest rate of 10.99% p.a. (11.88% p.a. comparison rate)

GO TO Bank of Melbourne

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Macquarie Credit Union
13.90%
14.11%
$698.81

Used Car Loan 5 years +

Expand info ˅

With all the great features of our new car loan, this loan is designed for used cars over 5 years old.

Overview

Application / establishment fees$100

Minimum loan amount$1,000

Maximum loan amount$500,000

Minimum term1 year

Maximum term5 years

Car loan interest rates (base)13.90%

Car loan comparison rate14.05%

Monthly repayments (approx)$698

Total repayments (approx)$41,928

Total interest repayments (approx)$11,928

Rate typeFixed

Secured or unsecuredSecured

GO TO Macquarie Credit Union

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesNo

SponsoredNo

Telephone1300 885 480

Data accurate as of02.04.2017

GO TO Macquarie Credit Union

Comparison rate warning

Comparison rate calculated on a loan amount of $30,000 over a term of 5 years. WARNING: These comparison rates are true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. If approved, we will confirm your actual interest rate in your loan contract.

GO TO Macquarie Credit Union

Hide info ˄

The Capricornian
13.95%
14.34%
$703.08

Unprotected Car Loan < 8 years

Expand info ˅

With flexible options and competitive interest rates you could be driving your dream car sooner than you think.

Overview

Application / establishment fees$250

Minimum loan amount$5,000

Maximum loan amount$75,000

Minimum term1 year

Maximum term5 years

Car loan interest rates (base)13.95%

Car loan comparison rate14.32%

Monthly repayments (approx)$703

Total repayments (approx)$42,184

Total interest repayments (approx)$12,184

Rate typeFixed

Secured or unsecuredUnsecured

GO TO The Capricornian

Other Fees & Information

Monthly fee$0.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1300 314 900

Data accurate as of02.04.2017

GO TO The Capricornian

Comparison rate warning

This comparison rate is based on a secured loan of $30,000 loan over 5 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.

GO TO The Capricornian

Hide info ˄

Arab Bank
14.00%
14.99%
$702.89

Unsecured Personal Loan

Expand info ˅

An Arab Bank Australia Personal Loan is a great way to purchase the car you want or need now, if you currently don't have the savings or cash to make your purchase.

Overview

Application / establishment fees$200

Minimum loan amount$2,000

Maximum loan amount$500,000

Minimum term0 years

Maximum term5 years

Car loan interest rates (base)14.00%

Car loan comparison rate14.31%

Monthly repayments (approx)$702

Total repayments (approx)$42,173

Total interest repayments (approx)$12,173

Rate typeFixed

Secured or unsecuredUnsecured

GO TO Arab Bank

Other Fees & Information

Monthly fee$8.0

Other fees$0

Missed payment fee$0

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone1800 64 64 84

Data accurate as of13.03.2017

GO TO Arab Bank

Comparison rate warning

The comparison rate is based on a loan amount of $30,000 and is calculated over a term of 5 years based on monthly repayments. This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

GO TO Arab Bank

Hide info ˄

NAB
14.69%
15.55%
$712.61

Variable Rate Personal Loan

Expand info ˅

Whether you're upgrading your ride or adding to your garage, a NAB Personal Loan gives you a great rate. If you are an existing customer and apply in- store by 2pm, you could walk away with your money that very same day

Overview

Application / establishment fees$150

Minimum loan amount$5,000

Maximum loan amount$55,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)14.69%

Car loan comparison rate14.93%

Monthly repayments (approx)$712

Total repayments (approx)$42,756

Total interest repayments (approx)$12,756

Rate typeVariable

Secured or unsecuredUnsecured

GO TO NAB

Other Fees & Information

Monthly fee$10.0

Other fees$0

Missed payment fee$35

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone13 13 12

Data accurate as of17.09.2017

GO TO NAB

Comparison rate warning

Comparison rate calculated on unsecured loan amount of $30,000 over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

GO TO NAB

Hide info ˄

NAB
14.99%
15.85%
$717.35

Fixed Rate Personal Loan

Expand info ˅

Whether you're upgrading your ride or adding to your garage, a NAB Personal Loan gives you a great rate. If you are an existing customer and apply in- store by 2pm, you could walk away with your money that very same day

Overview

Application / establishment fees$150

Minimum loan amount$5,000

Maximum loan amount$55,000

Minimum term1 year

Maximum term7 years

Car loan interest rates (base)14.99%

Car loan comparison rate15.23%

Monthly repayments (approx)$717

Total repayments (approx)$43,041

Total interest repayments (approx)$13,041

Rate typeVariable

Secured or unsecuredUnsecured

GO TO NAB

Other Fees & Information

Monthly fee$10.0

Other fees$0

Missed payment fee$35

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Exit / early repayment fee$0

Encumberance/REVVS check fee$0

For used vehiclesYes

SponsoredNo

Telephone13 13 12

Data accurate as of17.09.2017

GO TO NAB

Comparison rate warning

Comparison rate calculated on unsecured loan amount of $30,000 over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

GO TO NAB

Hide info ˄

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Tips for comparing car loan

Overview

A car loan is a specific type of personal loan used for the purpose of purchasing a vehicle, such as a car, van, truck, motorcycle, or other motorized vehicles. A car loan is typically used when the borrower can not afford to purchase the vehicle with cash, but can afford to pay off a loan in monthly instalments.

Types of car loans

A new car loan is for buying brand new cars (lenders will offer new car loans cars for up to five years) where the interest rate is likely to be lower. A new car loan will typically use the car as an asset to secure the loan.

A Used-car loan is available for cars Usually That are a five year old. A used car loan is usually a secured loan, like a new car loan, with the car as the asset.

Of An UNSECURED-car loan is available for Usually OldEr-car, That Banks do not see of value in securing. Unsecured loan interest rates are typically higher than secured car loans.

Pros of a car loan:

  • Car loan payment terms can be up to 10 years
  • Borrowers can borrow an unlimited amount with most financial institutions
  • The debt is fixed so every payment made toward the loan will lower the premium and borrowers can not add more debt
  • The average interest rate for a car loan is lower than its immediate competitors, personal loans or credit cards
  • A fixed interest rate loan makes it easy for the borrower to make and stick to a budget

Cons of a car loan:

  • Some financial institutions will place restrictions upon the makes and models of vehicles it will accept for a car loan
  • Borrowers can not increase the amount of debt to cover operating or maintenance costs
  • The car can be repossessed (in the case of a secured loan) or the borrower taken to court (in the case of an unsecured loan) if the payments are not continued

Who can apply for a loan?

Most permanent residents of Australia are eligible to apply for a car loan if they are 18 years or older and can verify their income. While many financial institutions will turn down the loan application of a prospective buyer with poor credit, there are some institutions willing to lend to someone with a poor credit history if the loan is secured against the value of the car.

What types other of car loans are available?

In addition to the secured new and used car loans and the unsecured car loan discussed above, you could compare car loans based on features such as early repayment fees, repayment schedules and up-front fees.

A -car hire Quick Search purchase is another option for the self-employed Have Prospective Borrowers. Each payment made toward a car hire purchase reduces the purchase price of the car.

A car lease is yet another option for the self-employed that borrower wishes to have a vehicle for business use. In this case, the financial institution purchases the car and the borrower makes payments on it for an agreed-upon term in exchange for the use of the car.

A Novated lease is the when an employer Makes an arrangement to a pay to a lease out of the the borrower’s the before-tax salary. At the end of the lease period, the borrower will have the option of purchasing the car or upgrading to a new model. This is a great option to reduce your taxable income at the end of the year.

What else should you consider when you compare car loans?

  • The interest rate. Ensure that the interest rate you are offered is competitive for your financial history and the vehicle that you are purchasing.
  • The loan term length. The shorter the loan, the less it will cost you in interest.
  • Balloon payment. Some loans will require a larger sum payment at the end of the loan term. This is especially common with dealership lenders.
  • Repayment frequency. Check to see how often you will need to make a payment and if you will be penalized for paying off the loan early.
  • Fees or additional costs. Sometimes a loan with a higher interest rate with fewer hidden fees is more economical in the long run. Monthly account fees and establishment fees are common with car loans.
  • It is likely your lender will insist upon valid car insurance during the life of the loan as additional protection for the car as the security of the loan.