Car loan news and advice

All the latest car loan news and top tips to help you manage your car loan.

Do i need a deposit to get a car loan

Do I need a deposit to get a car loan?

Unlike home loans, you don’t always need to have a deposit for a car loan. However, if you do put down a deposit it may help your approval process and lower your repayments.

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Electric vehicle council calls on aus government for emissions policy

Electric Vehicle Council calls on Aus government for emissions policy

Australia’s Electric Vehicle Council (EVC) has called on the government to enact emissions policies in line with calls from the United Nations to slash carbon output by 2030. The EVC claims a “dramatic shift” to electric vehicles will be necessary for Australia to meet the 2030 emissions target. 

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Checklist buying your first car

Checklist: Buying your first car

So you finally got your driver's license and you’re ready to buy your own car. But before you start your journey of being a proud owner of your very own vehicle there are a few things you should tick off first.

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Going green here are some car options

Going green? Here are some green car options available in Australia

The environment is a major concern to a growing number of Australians. In fact, last year’s annual Ipsos Climate Change Report 2022 revealed that 83% of Aussies are concerned about climate change. With rising concern for the climate has come an international movement aiming for net carbon zero emissions, including the European Union’s roadmap to zero emissions by 2030.

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How a pre approved car loan could fund your post lockdown vehicle purchase

How a pre-approved car loan could fund your post lockdown vehicle purchase

Been holding out to buy a car once post-lockdown? Well, it may be time to think about getting pre-approved for a car loan.Not only could this speed up the process of buying a new or used vehicle, it can give you the peace of mind that you have already been approved for lending from a car loan provider. Plus, it can give you a better idea of what car prices you can go for as well as how far you need to go if it comes to negotiating the price. 

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What is a good interest rate for a car loan in australia

What is a good interest rate for a car loan in Australia?

Need a car loan to help you fund your first or next set of wheels? But don’t know what a good interest rate looks like? We’re here to help. Right now on the Mozo database, the average new car loan rate is 7.44% and the average used car loan rate is 8.16%. So, if you are receiving a rate that is below average then you are getting a solid deal.

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Used car prices remain high but many drivers not confident to haggle

Used car prices remain high but many drivers not confident to haggle

There are over 20 million registered motor vehicles in Australia and according to online automotive marketplace Autotrader, 75% of Aussie drivers have purchased a used car at some point in time. However, that’s not to say that we are well-versed in haggling prices. In recent research commissioned by Autotrader and undertaken by YouGov, it was found that 64% of Aussie drivers between 22 and 54 feel very uncomfortable negotiating the price of a pre-loved set of wheels. Plus, 50% of Aussie drivers claim they aren’t very knowledgeable about cars at all. 

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Car loans your options to fund a top small vehicle in australia right now

Car loans: Your options to fund a top small vehicle in Australia right now

Is a small vehicle on the cards for your next car purchase? If so, you’ve come to the right place. According to Carsales’ Best Small Car 2021 list, Mazda3 was named the best small car option for Australian consumers right now. Based on a number of categories like safety, technology, comfort and convenience, driving performance and ownership costs, there were nine winners in total this year. The 2021 Carsales list is as follows: 

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