What is a good interest rate for a car loan?
Car loans are personal loans that are secured against a car, usually a new or near new car.
Traditionally credit unions, mutual banks and smaller lenders have great, low rate car loan deals. If you can’t find a good low rate on a car loan from your big bank, check some of the really low price loans on offer from the smaller lenders.
Infochoice has fifteen variable rate car loans listed with comparison rates under eight per cent p.a. There is no need to pay a high rate for a car loan.