Latitude Car Loan
6.99% p.a.to 14.99% p.a.
8.10% p.a.to 16.06% p.a.based on $30,000
over 5 years
$295
Latitude Car Loan
6.99% p.a.to 14.99% p.a.
8.10% p.a.to 16.06% p.a.based on $30,000
over 5 years
$295
Latitude Car Loan
6.99% p.a.to 14.99% p.a.
8.10% p.a.to 16.06% p.a.based on $30,000
over 5 years
$295
Mozo Review Latitude Car Loan Review
Last updated: 19 October 2018.
What's hot:
Competitively low rates from 6.99%
Choice of loan repayment schedule
Preloved vehicles are eligible
What's not:
$295 signup fee
Early termination costs can apply
Mozo snapshot:
Want a car loan with an interest rate on the lower end of the scale? With fixed rates starting from 6.99%, a Latitude loan could help you get from A to B in a new or preloved vehicle.
Key features:
The Latitude Car Loan is designed to help customers purchase a new or preloved vehicle, whether it’s a motorbike, car or boat. Rates start from 8.99% and are determined by the level of security the vehicle can provide. Car loans by Latitude generally start from $5k, although they can be lower when used to buy other vehicles such as motorbikes.
Some providers offer car loans exclusively to those after a brand new ride. But the good news is if you go for the Latitude Car loan, preloved vehicles aged up to 20 years at end of loan can also get approved.
Latitude is flexible about the loan repayment structure too. As a customer you’re able to choose between a weekly, fortnightly or monthly billing cycle, as well as the day of the week repayments are due. But while cutting down debt faster in the form of additional repayments is fee-free, there isn’t a redraw facility and fees may kick in if you finalise your loan before required.
Loan terms range from 2-7 years, and spare some room in your budget for those $10 monthly admin fees. You’ll also need to consider the upfront cost of taking out the loan and securing your vehicle which is $295.
Who it's good for:
Borrowers looking for a car loan with set loan repayments thanks to the fixed interest rate and the ability to purchase a preloved vehicle with it too.
Any catches?
You can be charged up to $750 in early termination fees for clearing your debt in the first half of your loan term.
Details
Rates and fees information correct as at 21 February 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
Fixed
-
6.99% p.a.to 14.99% p.a. fixed
-
8.10% p.a.to 16.06% p.a.based on $30,000
over 5 years
Fees
-
$295.00
-
$10.00
-
$40.00
-
$0.00
-
$750 for loans over $12,000 otherwise 6.25% pro rata
Other financial bits
-
$5,000.00
-
none
-
1 Year
-
7 Years
-
Vehicle
Features
-
Weekly, Fortnightly, Monthly
-
yes
-
no
-
none
-
none
Customer Reviews
How are Latitude personal loans rated by the Mozo community?
Latest reviews of Latitude Car Loan
- Overall9/10
Straightforward fast procedure with great service
Pros: trust created from the application stage, time frames given, friendly customer service, no...
Read full review
Pros: trust created from the application stage, time frames given, friendly customer service, no hidden fee's, straightforward easy to understand procedure, One visit to sign contracts and documents could be sent online. cons- not the greatest interest rates and establishment fees
Price8/10Features7/10Customer service10/10Convenience10/10Trust10/10Less
Ge | New South Wales
reviewed about 3 years ago
- Overall9/10
good
Good
Read full review
Good
Price9/10Features9/10Customer service9/10Convenience9/10Trust9/10Less
Justin | Victoria
reviewed almost 4 years ago
- Overall7/10
I recommend GE Money to anyone
GE Money is always keeping in touch, and ensuring I pay my loan off quickly.
Read full review
GE Money is always keeping in touch, and ensuring I pay my loan off quickly.
Price7/10Features7/10Customer service7/10Convenience7/10Trust7/10Less
Amanda | New South Wales
reviewed almost 5 years ago
- Overall6/10
Easy to secure car loan and good customer service
While the loan was easy to secure and good customer service has been received, the higher...
Read full review
While the loan was easy to secure and good customer service has been received, the higher interest rate is a detractor.
Price5/10Features5/10Customer service8/10Convenience7/10Trust7/10Less
Name not supplied | New South Wales
reviewed over 5 years ago
- Overall5/10
Convenient
It's convenient for me at this time even though I should have waited until I got more details.
Read full review
It's convenient for me at this time even though I should have waited until I got more details.
Price7/10Features7/10Customer service5/10Convenience5/10Trust-1/10Less
doug | Queensland
reviewed over 5 years ago
About Latitude
Latitude positions itself as an alternative to the "Big 4" banks in Australia and offer banking products and services with a focus on convenience and customer service. Latitude provides personal insurance and loans, financing options and credit cards.
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