Refinance Car Loan

Posted March 16th, 2011 and last modified September 30th, 2013

Why Refinance? Car Loan Options To Consider

Has life put you in a position that you need to consider a refinance car loan? No matter what reasons have brought you to this point, there are a few things you should keep in mind to help you decide if this is the right choice for you. It isn't for everyone no matter how attractive it may seem at first. Keep these things in mind and you should be able to spot the best refinance offer for your car loan that's possible.

Car Loan Comparison

Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee
Gateway CU Car Loan - New Car
Gateway CU Car Loan - New Car
Apply for the Gateway Credit Union Car Loan and enjoy the competitive rates and fees with the flexible repayment options. From 7.69% (variable)
7.90% Info
$3,000 1 to 7 years $149 ApplyMore
Westpac Car Loan
Westpac Car Loan
A great refinance option with a low fixed rate offer. From 9.99% (fixed)
11.03% Info
$10,000 1 to 7 years $250 ApplyMore
NAB Car Loan
NAB Car Loan
Apply for NAB Car loan and enjoy a low interest rate. From 12.99% (variable)
13.86% Info
$5,000 1 to 7 years $150 ApplyMore
GE Money Personal Loan
GE Money Personal Loan
Apply online in about 15 minutes, funds usually in your account within two working days. From 11.99% (fixed)
13.20% Info
$10,000 2 to 7 years $250 ApplyMore
Aussie Personal Loan
Aussie Personal Loan
Competitive variable interest rate from Aussie Personal Loan. Get an application response quicker. From 12.99% (fixed)
13.94% Info
$3,000 1 to 7 years $199 ApplyMore

Packages Available

In addition to the refinance car loan rates, which are very important, you should also take note of the types of packages that are available for people looking to refinance car loan payments. Some packages include important benefits that may make them well worth your while. Some of the benefits that are typically offered in various packages include things like loan protection for disability and/or unemployment, auto insurance, and warranties against mechanical problems and breakdowns.

On the downside, it may be less expensive for you to pay for these outside of the car loan so that you aren't paying interest on them. It's always best to compare your options before you choose one plan over another but there are some attractive packages that may be worth considering in your financial position.

Bad Credit Options

It is possible to refinance car loan with bad credit. But you'll generally pay a lot more for the privilege. Sometimes this is necessary as a means to keep you driving. Remember to explore all your refinance car loan options before you lock yourself into another less than favourable financial situation. The bad thing about bad credit is that it makes it even harder for you to get a good deal when you refinance car loan monthly payments.

Getting A Good Deal

In order to get a great deal, it's a good idea to use a refinance car loan calculator to determine just how much the new loan is going to cost you when all is said and done. If you want to get the best possible deal, you need to find out the interest rate, fees, duration of the loan, and whether or not there are penalties for early repayments. These things can make a world of difference for your final attempt to refinance car loan in your best interests.

Now is a great time to consider your options ‚ before you're locked into a refinance car loan deal that is really not in your best interests.

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Personal Loans Comparison

Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee
NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed
A fixed interest loan with no fees for extra or early repayments. From 12.99% (fixed)
13.86% Info
$5,000 1 to 7 years $150 ApplyMore
SocietyOne Low Interest Personal Loan
SocietyOne Low Interest Personal Loan
Pay off your personal loan faster with the freedom to increase your repayments at any time and save money. Enjoy 1.25% discount on rate for a limited time. From 9.8% (fixed)
9.80% Info
$5,000 1 to 3 years $0 ApplyMore
RACV Car Loans
RACV Car Loans
A low fixed interest offer for new car loans. From 7.25% (fixed)
7.76% Info
$5,000 1 to 7 years $357.90 ApplyMore
Aussie Personal Loan
Aussie Personal Loan
A wedding, new car or holiday. Aussie offers personal loans with flexible loan terms. From 12.99% (fixed)
13.94% Info
$3,000 1 to 7 years $199 ApplyMore
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