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Compare Car Loans & Finance Options From Major Lenders

Enter the loan amount and loan term on our easy to use car finance calculator to compare the monthly car loan repayments from over 40 lenders in Australia. Comparing various car loans to help you see how much you can save from each lender.

Loan Amount $ Loan Term
Lender Loan Product Advertised Rate Comparison Rate Monthly Repayment
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* The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.

If you’re browsing car sales you’ve likely come across advertisements from new car dealers, offering car loans at 0% or possibly 1% interest rates. Well yes, that certainly sounds very good but as the saying goes “if it looks too good to be true, it probably is”.

In short, take note, read the fine print and get additional quotes to compare.

Essentially these types of offers mean your loan repayments are repaying the purchase price of the car with no interest charged on the loan. But the key is in the total amount of the principal you are repaying. Offering this type of deal is legal but is considered across the industry as a promotional or sales strategy to attract buyers.

Study the 0% Interest Car Finnace Fine Print

The key to what you are actually paying for is in studying an itemised invoice for the car itself. In offering 0% loans, dealers will usually charge a higher price for the car or include higher fees and charges such as loan establishment fees or monthly loan management fees than would be applied by other lenders.

The way to check exactly what you are paying for and the total you will be paying on the vehicle and the car loan is to get a price on the same car from another dealer who is not offering 0% interest loans.

By getting another quote and a quote on a cheap interest rate car loan from Jade Car Loans, you are then in a position to compare the total price of a Jade car loan with the 0% interest rate dealer car loan.

Is the 0% interest rate for the full term of the loan or just an introductory or promotional period?

Very often the fine print may reveal that this 0% only applies to say the first 6 months or 12 months of the car loan and after that time, the interest rate reverts to a much higher rate. A rate which will allow the lender to recoup what they would have charged in the promotional period.

What is the balloon payment?

Another way that this type of loan may disguise the true cost is to include a large ‘balloon’ or lump sum which is payable at the end of the loan term. Commercial car finance for businesses do include balloons which can be set by the borrower. If a low interest loan has a very high balloon, this may create difficulties for you to budget to repay and at the end of the loan, the balloon may exceed the value of the car.

Jade Cheap Interest Rates

Jade Car Loans does not offer 0% interest rate car loans. We comply with the ASIC guidelines around responsible lending, work with highly regarded banks and lenders and work towards achieving the cheapest interest rate car loans for our customers.

We encourage customers to always study and understand all the terms and conditions of any loans they are offered from any source and if you have any doubts, ask questions!

For a great car loan, for more information on any aspect of car finance or for a quote to compare with a 0% interest rate loan you have been offered, please contact Jade Car Loans 1300 000 003 and discuss with one of our consultants.

28 Nov Today's
best rates
Today's Business Rate
From {{Advertised Rate Only}} %*

*The Interest Rate is calculated on a Secured Loan for business use, effective 28/11/2023 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Today's Consumer Rate
From {{Advertised Rate Only}} %
Comparison Rate
From {{Comparison Rate Only}} %**

**The Comparison Rate is calculated on a Secured Loan of $30,000 fixed for a term of 5 years, new goods, effective 28/11/2023 and subject to change. WARNING: The Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.

Car Loan InterestCalculator

Making use of this online calculator is predicated on the end user's understanding and also undertaking that the estimated payments displayed does not specify a financing quote; it does not suggest an application for any kind of financing has actually been lodged; it is not an indicator that any type of lending application has been approved. The formatting of this tool does not allow particular information pertaining to any kind of certain personal loan application or any type of lender fees and also costs. It is formatted to generate a basic outcome based upon general details and amounts solely.
After lodging a formal finance application, the quote as well as payment amounts that you may likely be given might differ from the quote calculated by this tool.
The device is not ideal for estimations on loans that are developed on a rate of interest only basis. The formatting is totally established to compound the calculated interest rate for a chosen period based on the values typed in by the customer.
The calculator is not meant as a device for finance decision-making. Individuals that require financial advice should choose an expert financial expert in relation to their personal circumstances. To make an application for lending and also obtain a quote based upon your individual requirements, the user should speak to Jade and also have their specific application reviewed by among our Jade experts.

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