One of the simplest ways to look for a better car loan interest rate is to look at car loan options from a variety of different lenders, including big and small banks, as well as specialist auto finance providers.
You can use rate tables like on RateCity to compare apples with apples. Using filters, you can enter details of how much you’d like to borrow, as well as your preferred loan term and any other features and benefits you’re interested in. This can narrow your car loan shortlist down to only those best-suited to your needs.
Remember to consider more than just the interest rate on different car loans. Sometimes a car loan’s fees can cost just as much as its interest charges, or even more. Some car loans also come with extra features and benefits that can help offer extra value, which may make their cost worthwhile to you.
You can look at a car loan’s comparison rate to get a better idea of its overall cost, including interest and standard fees. You can also look at the Real Time Ratings™ on RateCity to get a better idea of each loan’s overall value. These star ratings are calculated as you use the site to help ensure they’re up to date, and combine the cost and flexibility of each car loan deal.