If money troubles are at the forefront of your mind right now, you might be tossing up ways to reduce ongoing costs. One option could be to refinance your car loan. If it’s been a while since you got it, you could be missing out on a more competitive deal, plus thanks to the rise in online and non-bank lenders there are now more and more low interest car loans available.
Do you know what your current credit rating is? If not you may want to find out, especially if you’re in the market for a new set of wheels, because according to MyCRA Lawyers, more and more Aussies looking to take out a car loan are being rejected due to a poor credit rating.
It’s no secret that picking up a brand new car costs more than just a few pennies and with budgets getting tighter, it’s not surprising to know that many Aussie drivers may be looking at other options to get their dream across the finish line, like a car loan.
Buying that first car used to every teenager’s rite of passage to independence, but these days, a growing number of younger Aussies aren’t rushing to get behind the wheel. Fewer and fewer people in their 20s now have a driver’s licence, while the 30s have become a prime time to hop onto your Ls and pass your RMS test with flying colours.
Loans.com.au has done it again, folks! Online lender Loans.com.au has slashed its car loan rates, bringing its New Car Loan and Used Car Loan Fixed base rates down to a super low 4.99% p.a. (5.54% comparison rate^^) starting point for both new and used cars.