Car Loan Comparisons

So, you want a Miata too? Or is it a Volvo? Whatever it is, owning a car is a major decision we all love making, isn’t it?

This site shares your concern

Taking a car loan for example, we want to gather as much information as we can concerning a particular bank or loan association’s offer. We could not afford to make mistakes here, could we? And, as much as we want to lead you by the hand, every step of the way, it is only you who can finally decide which loan to take and from where. You hold the purse string, we remember.

Save $1,000s off the purchase of all new cars

The matrix below is just a simple presentation of the basic features of car loans from different financial institutions: two banks, two credit unions and a financing corporation. We encourage you to consult a financial advisor or an accountant before you go to the bank and fill-out the forms.

Your car is waiting.

Details	Sydney Credit Union	The Credit Union of Canberra	Westpac Banking Corporation	Bank of Queensland	Wizard Home Loans
Loan Amt.	$5000-$30000	$75000	$4,000-$100000	$10000-50,000	$10000-$100000
Term (Min)	1 year	1 year	1 year	1 year	1 year
(Max)	7 years	6 years	7 years	7 years	5 years
Car Type	New	Used/New	New/Used	New/Used	New
Variable Rate (VR)	.	.	.	.	.
VR (Min)	7.90	8.75	8.50	9.70	9,75
VR (Max)	-	8.75	10.95	9.70
Fixed Rate	-	8.25	-	8.99	12.50

 

 

 

You are almost there.
Just a quick review to make sure you have not forgotten a thing or two:

• You understand that you are about to enter into a contract that will take
  you more or less six (6) years to pay; other car loan companies offer a maximum of seven years.
  
• You will own the vehicle upon full payment and that your up-front
  expenses include 10-20% downpayment, registration costs including taxes.

Don’t forget to fasten your seatbelts. Enjoy the ride!