Car Loan Rates in Perth, Sydney and Melbourne
Due to the many different types of loans available and the current economic environment, interest rates available vary greatly!
Approved All Loans Group pride themselves on keeping up to date with the market and lenders rates and so are expert at sourcing the best loan rates and terms and conditions for your individual needs.
Different types of loans come with different rates, some of the loan types available are:
CONVENTIONAL LOAN
These loans are generally obtained from a bank or finance company and have a fixed interest rate.
PERSONAL LEASE
This means you are in effect renting the car for a given period of time, so once the end of the rental period comes round, you have to return the car to the finance company or buy it.
HIRE PURCHASE
The hire purchase option is similar to a lease, you will have a balloon payment at the end of the term if you elect to keep the car.
CHATTEL MORTGAGE
This option is generally used by businesses due to the tax benefits and the flexibility in monthly repayments and balloon payment amounts.
There are other car loan rates and types available, contact us today to find out more!
» Click here to contact us to find out more about auto loan rates in Perth, Sydney or Melbourne.