Guide to car loans

Car loans are easy enough to overlook in the rush to buy a car. But if you spend a tenth of the time shopping around on your auto financing as you do looking for your ride, you could save years off your loan - and thousands of dollars.

Don't fatten up the car finance cats when that money could be going towards leather upholstery and premium air fresheners.

Frequent Car Finance Mistakes… And How You Can Avoid Them

Frequent Car Finance Mistakes… And How You Can Avoid Them

It’s the end of the financial year and with car dealerships in mega sales mode it can be a great time to snap up a new car bargain. But before you step foot onto the car lot, it’s important to spend some time wising up on dealer finance tactics. Mozo asked car finance expert Rob Chaloner of stratton to highlight some of the most frequent car finance mistakes and how you can avoid them, here’s his advice:

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Financing a Mitsubishi: the comprehensive guide

Financing a Mitsubishi: the comprehensive guide

Whether you’re looking for a family car, something to zip around the city or you need a ute for your next adventure, Mitsubishi has a lot of options on offer. And when it comes to financing the vehicle you fancy, there’s plenty of choice there too. It’s all about finding the right loan option for you. Let’s start with the three main options: 

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Ultimate guide to financing a Toyota

Ultimate guide to financing a Toyota

So you’ve decided to buy a Toyota. Oh what a feeling! For years after the first Land Cruiser arrived in Australia in 1958, Toyota has been a popular choice for many drivers. From a reliable Yaris, to a hybrid Prius, to a heavy duty Hilux, there are plenty of options out there. But what choice do you have when it comes to financing your new vehicle? Read on and find out…

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The complete guide to vehicle finance

The complete guide to vehicle finance

Vehicle finance, or car finance, refers to money you borrow in order to purchase a car. Whether you choose to take out a car loan from a bank or from the car dealership, you’ll have to pay what was lent to you over a certain period of time with the addition of interest. 

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The costs of buying a car

The costs of buying a car

Did you know that there’s such a thing as ‘dealer delivery’? Are you aware that ‘on-road’ costs are sometimes added as a cost on top of what you pay for your car? Among other things, these are just some of the costs you need to be aware of when buying your next car.

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Financing a car

Financing a car

You’re buying a car? Well break out the champers! Ok, maybe not yet, because we have a lot of work to do yet. You’re going to have to have a little think about how you’re going to finance your new set of wheels and for how long. It’s all about budget and wishlist. If you can make a compromise somewhere in between then you’ll be cracking out the bubbly in no time. Let’s have a closer look at your options: 

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Used car loans

Used car loans

Who doesn't love pre-loved? When it comes to cars, opting for a used vehicle often means you're likely looking at a lower price with the added bonus of a little bit of character. 

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What car can you afford?

What car can you afford?

When considering purchasing a car, the matter of what you can afford is a huge question. First off, you need to determine whether or not you plan to buy the car outright. And if you plan to get a loan, how much money you are willing to sacrifice towards repayments. 

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Car repair loan

Car repair loan

If you can’t afford to upgrade or trade in, repairing your car for any major dings or mechanical problems may be the way to go. But this can come with quite a price tag... So what's an option? A car repair loan!

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How to sell a car with an outstanding loan

How to sell a car with an outstanding loan

So you're thinking of selling your car. Whether you're upgrading, giving yourself a little cash injection or just feel like going car-free, if your current vehicle has an outstanding loan, there are a few things you need to know. 

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Car loan price guide

Car loan price guide

When buying a car, where do you start? Will your decision be based on the shape, the brand or how many passengers it can carry?

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Types of car loan

Types of car loan

Cars are a necessary part of everyday life that let you get to work, the shops or weekend destinations conveniently. But they can also be expensive and sometimes shelling out a large lump of cash up front isn’t a viable option. That’s where car loans come into play. A car loan can help you get the finance you need, for the car you want.

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Car loan fees and features

Car loan fees and features

A car loan could be your saviour when it comes to turning your auto dreams into reality. Whether you choose to take out a car loan from a bank, credit union, peer to peer or online lender there are many terms and phrases or fees and features you may not be aware of.

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Car loan news

Get pole position on the auto loan latest with high-speed updates and streetwise commentary.

What is a good credit score for a low rate car loan

What is a good credit score for a low rate car loan?

It’s no secret that your credit score can affect the interest rate you might receive on a car loan. And in some cases it might impact your chances of getting a loan at all. But the question is, what exactly is a “good credit score” to get your hands on a low-rate car loan? Well, that’s up to the lender. You may have heard of tiered car loan interest rates. This is where a car loan lender advertises a loan with a range of rates attached to it, the lowest on offer being available to those with an excellent credit rating and the highest for those with a more unhealthy credit rating. Although, for those with bad credit rating this is still within reason, so remember that it’s up to the lender to decide whether or not to offer you a loan at all. When you apply for the loan, the lender will assess your credit history and rating, and may offer you a rate that depends on that assessment - this is also known as risk-based pricing. Generally speaking, your credit score will range between 0 to 1,000 or 1,200 and the higher it is the better. Essentially, if you have a high credit rating it means that your credit history shows you are less of a risk to potential lenders, which means you’re more likely to get a lower rate.  

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Don’t get taken for a ride on your car loan

Don’t get taken for a ride on your car loan

Choosing the right car loan can be tricky to navigate. From interest rates and fees to selecting the perfect loan term, there's a lot to think about.  So no matter if you opt to borrow from a traditional bank or an online lender, there are a bunch of dos and don'ts when it comes to getting a car loan that you should know about, to avoid being taken for a ride. Read on to find out Mozo’s expert car loan tips and compare top car loan deals on offer right now… 

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Don t get taken for a ride on your car loan

Don’t get taken for a ride on your car loan

Choosing the right car loan can be tricky to navigate. From interest rates and fees to selecting the perfect loan term, there's a lot to think about.  So no matter if you opt to borrow from a traditional bank or an online lender, there are a bunch of dos and don'ts on getting a car loan you should know about, to avoid being taken for a ride. Read on to find out Mozo’s expert car loan tips and compare top car loan deals on offer right now… Car loan dos: 

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Can i get a car loan rate that starts with a 3

Can I get a car loan rate that starts with a 3?

Yes you can! … if you’re the right type of borrower. According to the Mozo database, three car loan providers are offering fixed and variable rate options that start with a 3 right now. This is extremely competitive, as the current average variable car loan rate on our database is 6.68% across new and used vehicles. Here’s what’s on offer: 

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