Compare car loans

What should I compare before applying for a car loan?

Start with the interest rate, comparison rate, monthly repayment and loan term, then check fees, vehicle eligibility and whether the loan is secured or unsecured.

Why does the comparison rate matter on a car loan?

The comparison rate includes some fees and charges, so it can give you a better sense of the broader cost of a car loan than the headline interest rate alone.

Is the lowest car loan rate always the best option?

Not always. A lower rate can help, but loan fees, flexibility, vehicle age limits and total monthly repayment can matter just as much.

What affects the monthly repayment shown on a car loan page?

Monthly repayments are usually based on an example loan amount, loan term and advertised rate, so your approved loan may lead to a different repayment figure.

Should I choose a shorter or longer car loan term?

Shorter terms can reduce total interest paid, while longer terms may lower your monthly repayment. The better fit depends on your budget and how quickly you want to clear the loan.