If you’re thinking of picking up a pre-loved car, then you can’t go past the Auswide Bank New Car Loan, winner of a 2022 Mozo Experts Choice Award for Best Used Car Loan. With fixed rates starting from 4.49% (5.10% comparison rate*) and the option to make additional repayments on your side, you’ll be driving down the highway with your new set of wheels in no time!
With a low fixed rate and repayment flexibility on your side, the Auswide Bank New Car Loan can help make picking up your dream car a breeze. This car loan features a 4.49% fixed rate (5.10% comparison rate*), giving you the ability to lock in your repayments over the life of the loan. You’ll be able to borrow up to $75,000 for seven years and make your repayments on a monthly basis.
As mentioned previously, while additional repayments are welcome with this loan, there is no redraw facility available so it’s hands off once those extra repayments are made. There is also a $170 upfront fee and a $5 monthly service fee to budget for, plus you’ll be charged a $50 early repayment penalty if you pay the loan before the term ends. It’s also worth mentioning that your vehicle must be purchased from a licensed dealer in order to be eligible for the loan.
The Auswide Bank New Car Loan could be a great option for borrowers who like the security of a fixed rate, while having the flexibility to make extra repayments as they see fit.
Just remember, there is a $5 monthly service fee attached to this car loan. While that might not sound like a lot, if you took out a loan for five years, it totals to $250. There is also a $170 upfront fee with this loan and you will be charged a $50 early repayment fee if you pay off the loan early.
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Fixed |
|
|
4.49% p.a. fixed |
|
|
6.31% p.a.based on $30,000 |
|
$175.00 |
|
|
$5.00 |
|
|
$40.00 |
|
|
n/a |
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|
$50 if paid before end of loan term. |
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$5,000.00 |
|
|
$75,000.00 |
|
|
1 Year |
|
|
7 Years |
|
|
Vehicle |
|
Monthly |
|
|
yes |
|
|
no |
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Vehicle must be purchased from a licenced dealer with a maximum age of 7 years at time of purchase. |
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|
none |
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 19.95% p.a.
5.95% p.a.to 19.95% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.89% p.a.to 8.69% p.a.
6.89% p.a.to 9.81% p.a.based on $10,000
over 3 years
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
5.85% p.a.to 8.48% p.a.
6.47% p.a.to 8.84% p.a.based on $30,000
over 5 years
Latitude
Personal Loan
5.75% p.a.to 25.99% p.a.
6.68% p.a.to 29.2% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
6.95% p.a.to 17.95% p.a.
7.78% p.a.to 18.37% p.a.based on $30,000
over 5 years
loans.com.au
New Car Loan - Prime Special
6.09% p.a.
6.64% p.a.based on $30,000
over 5 years
Latitude
Personal Loan
5.75% p.a.to 25.99% p.a.
6.68% p.a.to 29.2% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 19.95% p.a.
5.95% p.a.to 19.95% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
5.35% p.a.to 19.09% p.a.
6.14% p.a.to 19.99% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
6.95% p.a.to 17.95% p.a.
7.78% p.a.to 18.37% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
5.85% p.a.to 8.48% p.a.
6.47% p.a.to 8.84% p.a.based on $30,000
over 5 years
Latitude
Personal Loan
5.75% p.a.to 25.99% p.a.
6.68% p.a.to 29.2% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
8.49% p.a.to 11.19% p.a.
8.85% p.a.to 11.56% p.a.based on $30,000
over 5 years
