The Latest Car Loan Deals
Could Save You Thousands
on Your Next Vehicle

By Sarah Mitchell | Last updated 11 September 2025

Australians are saving thousands by comparing car finance deals.

If you're looking to buy a car, you could access finance deals that save you up to $5,000 AUD* compared to dealer rates.

Thousands of Australians are missing out on better car finance deals because they don't shop around. With competitive rates, you could drive your dream car for as little as $150 AUD per week.

With rates varying significantly between lenders, it has never been more important to compare your options before signing on the dotted line.

These deals can give you peace of mind, knowing that you're getting the best possible rate for your circumstances, no matter your credit history.

Why You Should Shop Around for Car Finance

Dealers Don't Always Have the Best Rates

One of the biggest misconceptions Australian car buyers have is that dealership finance is their best option. The reality is quite different. Car dealerships often mark up finance rates to increase their profit margins, sometimes significantly. This markup can cost you thousands over the life of your loan.

Independent lenders, banks, and credit unions frequently offer more competitive rates because they're not trying to maximize profit from both the car sale and the finance deal. By comparing options from multiple lenders, you could find rates that are significantly lower than what the dealer offers.

Good Deals Are Available Even with Bad Credit

Having a less-than-perfect credit history doesn't mean you're stuck with high lending rates. Specialist lenders across Australia work specifically with people who have experienced financial difficulties in the past. These lenders understand that credit scores don't tell the whole story and are willing to look at your current financial situation.

Many Australians with poor credit accept the first finance offer they receive. However, by shopping around and working with brokers who have access to specialist lenders, you might secure much better rates, potentially saving thousands in interest payments.

Rates Vary Dramatically Between Lenders

The car finance market in Australia is highly competitive, with rates varying dramatically between different lenders. While some traditional banks might offer certain rates for good credit customers, online lenders and credit unions might offer significantly better rates for the same borrower profile.

On a $30,000 AUD car loan over 5 years, even small differences in rates can result in substantial savings in total interest payments. That's money that could stay in your pocket simply by taking the time to compare options.

Access to Multiple Lenders Through Comparison Services

Most Australians don't have the time or knowledge to approach dozens of different lenders individually. This is where comparison services become invaluable. There are platforms that connect you with different lenders, including banks, credit unions, and specialist finance companies that you might never have heard of.

These services do the heavy lifting for you, submitting your application to multiple lenders and presenting you with the best available options. It's like having a finance broker working on your behalf, but often without the broker fees.