At Car Loan World, we’re here to help you find the right auto loan.
Having helped thousands of car buyers, we know exactly what to look for as we search auto financing options to find the right fit for you. With an expert team standing by, all you need to do is contact us and we’ll arrange a quote for you from our panel of lenders. No hassle, just an easy way for you to compare auto loans at competitive rates, no matter your situation.
About Auto Loans
Auto loans are designed to help those who want to buy a vehicle, but who don’t have the cash to pay for the entire cost upfront. So, how do auto loans work? When you apply for an auto loan, your lender agrees to cover the cost of the vehicle you want to buy, and you agree to pay that amount back, plus interest and fees. As you pay the loan back, you can use the vehicle as your own.
Most auto loans are secured. As the vehicle you buy is used as collateral on the loan, that makes this type of loan more secure for the lender. As a result, secured auto loans are generally easier to get approved for than unsecured auto loans, and they may offer lower interest rates as well. However, it’s worth bearing in mind that if you fail to repay your auto loan, your lender may take possession of your vehicle to recoup their costs.
As you compare auto financing, it’s important to look at a wide range of options, to then choose a loan that you can afford to pay back. While your credit score will have a huge impact on the interest you pay on your auto loan, comparing your options should help you get the best possible deal. Which is where Car Loan World comes in. Simply tell us what you’re looking for in an auto loan, and we’ll do the hard work of comparing the options for you. Easy!
Instant Approval
You’ll know right away whether your loan has been approved!
Flexible Payment Options
Decide on a repayment schedule that suits your budget!
Make Your Down Payment Work For You
Use a down payment to lower your repayments and interest costs!
Features and benefits
- Use your vehicle as collateral to benefit from a lower interest rate
- Enjoy the security of a fixed interest rate for the life of the loan
- Opt for weekly, fortnightly or monthly repayments
- Use a down payment to make your repayment schedule more affordable
- Loans offered over 12-84 months
- Get a fast decision on your loan with instant approval
How to Choose the Right Auto Loan
Only borrow what you can afford to pay back. Work out how much you can afford to pay back on your loan each month, taking into consideration other vehicle related costs you will be paying out, such as gas, insurance and maintenance.
Choose the shortest possible loan term. The loan term you choose determines how long you will be paying off your loan. While choosing a longer loan term makes your repayments smaller, it also increases the amount of interest you pay, making the loan more expensive overall.
Compare your options carefully. By comparing a wide range of auto loans, you are more likely to find the best deal. Take into account fees and interest, as well as any features on offer. Always read the small print.