Compare Car Loans
Use our to quickly find a better rate than you’ll get
offered at the dealership.
Compare 30+ Lenders
Get loans from big brands and boutique options. Here’s some of the lenders we compare.
Compare Club makes finding a car loan easy
We take the hassle out of comparing and applying for car loans. Get great rates in a matter of minutes.
Get loan options in 60 seconds
Checks and paperwork done by experts
Compare essential info side-by-side
Hassle-free application process
Compare Club can help save you from
bad value car loans.
We listen to your needs and use our industry experience to help you
save money and time on the things you value most.
Rates that are right for you
Comparing lenders puts you in control. No more pressure from car salespeople to take a high interest loan.
Cleaner credit scores
We find you the most suitable lenders that may minimise any risk to your credit score.
We do the hard work
Our mission is to get you into your car quicker, which is why we take care of the checks and application.
Compare rates side by side
Car finance can be complex. That’s why we make it simple to compare loans.
Get Expert Help
On Your Next Car Loan
Need a bit of help understanding what’s the right loan for you? Speak to our specialist team today.
Hear from happy drivers
who’ve found a great loan
Showing our 4 & 5 star reviews
by cTrevorustomer
Great advice
Great advice, excellent customer service
by Robyn Martin
Compare and good to change.
Justin was most helpful, thorough in his explanations. He was friendly, polite and chatted as if we were old friends.
by Chris Hincksman
Excellent service
Your people were helpful and friendly. Great service and comparison was explained in detail. I was looking for better cover rather than cost savings and I'm very happy with the recommendation and the transfer process. So easy!
by customer
Paul was excellent
Paul was excellent. He knew his stuff and he enabled us to make informed decisions.
by Irene
Excellent service.
Excellent service.
by Rosalea
So far easy transfer across to Bupa
So far easy transfer across to Bupa
by Jennifer
Massive savings!
Highly recommend these guys... saved me about $100/mth! Very friendly, quick efficient service - found me a much better deal & I get even more benefits on extra's than my old policy. Thanks so much.
by Itamar
A professional advisor
The advisor was highly knowledgeable and provided comprehensive guidance.
by Jo-anne
It was so easy and I got a better deal
It was so easy and I got a better deal
by Gary Dunbar
Easy process to sign up for health fund…
Easy process to sign up for health fund and information is straightforward and not hard to understand
by Alan McCasker
Compare Club were very helpful when I was looking for a change in health insurance.
Compare Club were very helpful when I was checking up on my extras insurance. They helped with just what I wanted. It was an easy way to change to another provider. Thankyou for your help.
by Melanie
Efficient and friendly cost savings
The team were friendly, knowledgeable about insurance deals that would be best for our family and we have now saved $40 per month. Brilliant service!
by Helen Hepburn
Great company
Great company. Found us a cheaper plan., so easy to switch. Compare Club did it all. Will definitely recommend to all our friends .
by Lorraine
Brilliant supportive service
Brilliant supportive service. I had and continue to have complete trust in the integrity of the team. Their communication and prompt responses are exceptional. I dealt with Sophie Matthews who was second to none in her service and support explaining each step of the way from beginning to end and success in obtaining the perfect home loan for my needs. I am truly grateful
by greg
Very helpful hoping it will reduce my…
Very helpful hoping it will reduce my power bills. A good experience. Thankyou
by Judith
Very satisified customer
Very satisified customer. My interaction with both people I spoke with could not be faulted, they were both very friendly, professional and patient. and organized a positive outcome for me. thank you so much.
by Barbara
The staff I spoke with were all very…
The staff I spoke with were all very professional, knowledgeable and helpful. And I was very happy with the outcomes
by Joanne Symons
I was happy with the outcome
I was happy with the outcome, but I was asked some questions 2 or 3 times which was frustrating as the process could have been much quicker. I had stated what extras we wanted, but still had to go through the whole process
by Kerri
The chap was extremely patient with me…
The chap was extremely patient with me & due to his gentle manner I was able to take on what he was trying to offer me, it was an extremely good offer
by Jane
Elise was very informative and helpful
Elise was very informative and helpful. Everything was explained before being transferred to a consultant
First time financing?
Never applied for a car loan before? Our experts are on hand to help if you
need guiding through the process.
Car Loans FAQs
Everybody is different and this will depend on your personal circumstances. How much you can borrow depends on your financial history and your ability to make the repayments. The lender takes into account your income, along with other monthly financial commitments like school fees, mortgage or rent, insurance and credit card payments
It’s a good idea to do your homework to see how much you can afford before you take out a loan. Car loan terms can be as long as seven years, so you need to make sure you don’t lock yourself into repayments that stretch your budget.
As well as the monthly repayments, check the fees and any other costs attached to the loan. It’s worth speaking to a financial professional before you make any big commitments.
While you’re crunching the numbers, it’s also worth considering your car’s ongoing running costs which can soon add up.
Running costs include:
You can compare and apply for a car loan through Compare Club Car Loans. It can be a quicker and less time consuming process than going through banks, other finance and car loan companies, or car dealerships. With Compare Club Car Loans, you can also compare loans side-by-side, making it easier to understand if you’re getting a good deal.
Car loans will have different interest rates and features, so think about what you want from your loan. Can you make extra payments or pay out the loan early? Can you choose the repayment period? Are there monthly fees? Is there a balloon payment? Be sure to do your research on loan costs beforehand. That way you’ll be in a better position to find a deal that’s right for you.
You’ll be full of adrenalin having just (almost) purchased your car, so be clear on how much you’re prepared to pay – and borrow. And don’t forget to read the fine print. Dealerships may also offer you add-on insurance so don’t feel pressured into anything you don’t need.
It is possible to get a car loan without a deposit but you could potentially have to pay more in repayments and interest in the long run.
Paying a deposit not only saves you money over the course of the loan, it could speed up the approval process and increase your chances of being approved.
A car loan is generally taken out over a period of two to seven years, which is a long commitment. So the more you can afford to pay upfront, the less you’ll need to borrow. And that means your repayments will be more manageable in the future.
It is possible to get a car loan without a deposit but you could potentially have to pay more in repayments and interest in the long run.
Paying a deposit not only saves you money over the course of the loan, it could speed up the approval process and increase your chances of being approved.
A car loan is generally taken out over a period of two to seven years, which is a long commitment. So the more you can afford to pay upfront, the less you’ll need to borrow. And that means your repayments will be more manageable in the future.
Rates change on a regular basis, so keep an eye on rates before you apply for a loan. Make sure you look at the comparison rate as well as the interest rate. The comparison rate helps to give you the true cost of your loan and helps you estimate your repayments.
Lenders may also offer different Interest rates, based on whether you’re using the car for personal or business use. If you plan on using the car for both, chat to your lender or accountant about the best option. Your credit score and income may also affect the interest rate.
When you reach the end of your loan and have made all the repayments, a balloon payment is the final amount that you pay as a lump sum. It’s also known as a residual payment. Not all loans have balloon repayments, so if you have one it will be clearly stated in your car loan contract.
A balloon payment will keep your repayments lower over the course of the loan. But in the end, you’ll have to pay the lump sum with interest which increases the total cost of the loan.
If you choose a balloon payment, it’s important to budget for it in advance. You don’t want to have to take another loan to pay off the lump sum and interest.
Car loans are available without a balloon payment, but keep in mind your repayments will be higher.
Most car loans are secured, which means your car is generally used as security. So if you don’t pay the loan back on time, the lender has the authority to repossess your car and sell it to get back their money.
If you don’t want to put up your car as security, unsecured car loans are also available. However, the interest rate will be higher and your borrowing power will be limited. Unsecured loans are usually reserved for used cars with much smaller loan values.
A comparison rate is a single figure that takes into account the interest rate as well as any extra fees. This could include monthly service fees, application fees, default fees and more.
When you’re shopping around and comparing rates, make sure the loan amount and loan term you select are the same, otherwise the rates might be skewed.
For example, a two-year loan may have a 24 x $5 monthly account fee totalling $120. Yet a four-year loan at the same interest rate would have $240 in monthly fees.
Don’t worry if you need a bit of help understanding comparison rates. Compare Club’s expert team is on hand to help guide you through the process.
Just like home loans, you can refinance a car loan to get a better deal. Whether you want lower monthly repayments or more flexibility, there can be many benefits to refinancing.
Typically you need to be meeting your car loan repayments with your current lender before you’ll be considered for refinancing. Not missing payments will give you a much better chance of being approved for a new loan.
By refinancing your car loan, you could:
It’s important to check your current loan contract to see if early exit fees are payable. You don’t want fees to outweigh your potential savings.
When you refinance a car loan with a new lender, they’ll pay out the remaining balance of your old loan. To ensure you’re not charged any interest or fees from your old loan, it’s worth making sure your old account has been closed.
It varies. Compare Club can find you quotes in just 60 seconds and the full application process takes between 10 to 20 min to complete. We can get your application submitted to the lender of your choice on the same day for approval. That said, some providers can take as long as a week.
The lender will need to verify your income and do a formal credit check. If you have a bad credit history, your application approval may take longer as the lender performs additional checks.
Like any loan, you will need to provide personal information and paperwork.
You will generally be asked to provide:
Comparing car loans through Compare Club will not affect your credit score. The initial quotes we show you involve a soft credit check (sometimes known as a soft inquiry). This is commonly used by lenders as a pre-approval tool or a background check.
The soft check will appear on your credit history but won’t affect your credit score. We run soft checks to help filter out any lenders on our panel who may decline your application.
Applying for a car loan through Compare Club will result in a hard inquiry. This is where a lender checks your credit report when you apply for a new loan. Hard inquiries will affect your credit score.
Things you should know
Compare Club Car Loans is an online financial comparison service and is owned and operated by Compare Club Australia Pty Ltd (ACN: 634 600 007). We have partnered with CarClarity ACL Pty Ltd (ACN: 606 243 243) to provide you access to their expert team who can assist in selecting suitable car loans from their panel of providers.
As our customer you'll be provided with quotes directly from the lender for the product you intend to purchase. We do not charge you a fee for the service we provide. The lender remunerates us and CarClarity ACL Pty Ltd in return for setting up your loan.
The financial products compared on this website do not necessarily compare all features that may be relevant to you. Comparisons are made on the basis of price only and different products may have different features.