Fixed Interest Rate Car Loans
Need a fixed rate car loan to buy the vehicle you’ve been salivating over?
Congratulations, you’re one step closer to realising your dream! Finance Monster runs a loan comparison service covering all types of loan including variable and fixed car loans. Find great low interest fixed car loans using our reliable and efficient service.
What is a Fixed Rate Car Loan
A fixed car loan is finance you borrow to buy a car – with an agreed interest rate that does not change throughout the length of the loan. In other words, fixed rate car loans let you lock in the interest rate for the full duration of the loan. Your repayments will therefore stay exactly the same for the life of the loan, allowing you to budget accurately. This differs from variable rate car loans, whose interest rates are determined by the Reserve Bank of Australia cash rate, and may be changed by the lender at any time.
Advantages of Fixed Rate Car Loans
- Predictability – you can budget more easily because you know in advance what you will repay each month
- No nasty surprises – even if the interest rate goes up, your monthly repayments will stay the same
Disadvantages of Fixed Rate Car Loans
- No benefit if interest falls – your repayments will remain the same whatever happens to the market
- Higher admin costs – a fixed personal loan may attract higher fees than a variable rate car loan
- Higher interest rates – fixed interest rates are generally higher than variable rates
Fixed Rate Car Loans with Finance Monster
Finance Monster won’t lend you money – we’re not a bank, we’re a broker! – but what we can do is help you find you the loan of your dreams quickly and efficiently. We’ll do our best to secure you a really reasonable rate on your fixed rate car loan. Don’t forget, using a loans comparison service such as Finance Monster to find a fixed rate car loan is always going to be more effective than rooting through hundreds of loan providers yourself. Compare fixed car loan rates instantly from Australia’s top banks and financial institutions with Finance Monster. You won’t regret it!
CAR LOANS / PERSONAL LOANS
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And please remember…
Always keep in mind that with any car loan, additional fees, including a late-payment fee, government charges and other electronic banking fees may also apply. Finance Monster will make sure you are kept fully aware of all the terms and conditions attached to your fixed car loan.
Finance Monster values your custom and as well as providing an absolutely FREE online comparison service we’re giving out REWARDS too to say THANK YOU!
If you’re looking for new car finance deals, let Finance Monster help you because if you enter into any car loan that’s over $20K through Debt Monster you’ll receive a FREE tank of petrol!** We’re not kidding around when say we value our customers! We want to keep you happy and confident in any financial arrangements you enter into!