Best Car Loan Rate - Car Finance Comparisons

19 Oct Today's best
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Check Our Jade Cheap Car Finance Rates

Achieving cheaper interest rates on all types of finance is the driving force behind every deal we do. We pride ourselves on our track record for achieving better rates for both personal vehicle loans and business vehicle finance and we’re not shy in advertising our best current rates. This chart shows you our current achievable rates on different categories of auto loans so you can quickly see how our rates deliver cheaper motor finance. To see how our cheap rates may apply to your specific car purchase, use our calculator or call us for a quote on 1300 000 008

Loan Amount
Loan Term
Secured Motorbike Loan
4.45% Secured From:
5.25% Comparison From:
Monthly repayment
Variable Rate Personal Loan
13.50% Representative From:
14.37% Comparison From:
Monthly repayment
Variable Personal Loan
12.99% Variable From:
13.86% Comparison From:
Monthly repayment
Variable Personal Loan
12.69% Variable From:
13.56% Comparison From:
Monthly repayment
St George
Secured Personal Loan
11.49 % Fixed From:
12.57% Comparison From:
Monthly repayment
Secured Car Loan
7.79% Fixed From:
8.39% Comparison From:
Monthly repayment
New & Used Car Loans Secured up to 7 years old
11.99% Fixed From:
13.15% Comparison From:
Monthly repayment
Secured Fixed Car Loan
11.89% Variable From:
12.15% Comparison From:
Monthly repayment
Lender Product Name Advertised Rate
Comparison Rate
Monthly Repayment
Jade Secured Motorbike Loan 4.45%Secured 5.25%
CBA Variable Rate Personal Loan 13.50%Representative 14.37%
ANZ Variable Personal Loan 12.99%Variable 13.86%
NAB Variable Personal Loan 12.69%Variable 13.56%
St George Secured Personal Loan 11.49 %Fixed 12.57%
Suncorp Secured Car Loan 7.79%Fixed 8.39%
Westpac New & Used Car Loans Secured up to 7 years old 11.99%Fixed 13.15%
CUA Secured Fixed Car Loan 11.89%Variable 12.15%
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DISLCLAIMER: Use of this comparison chart is in no way intended as an offer of finance, an approval of any loan or in any way an application for a car loan. The rates shown are subject to the conditions as noted and derived based on the loan specifications as indicated. Not all fees and charges will be accounted for in calculating any repayments using this device. The interest rate you are offered on your specific loan may vary from that shown. Any results calculated and displayed are not intended as a firm car loan quote.

WARNING: This comparison rate applies only to the example or examples given and is based upon $30,000 loan 5 years at a fixed interest rate. Different amounts and terms will result in different comparison interst rates. Fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loans package.

lnterest rates dominate vehicle loan advertising. You’re bombarded with car finance deals from dealers, finance companies and banks based primarily on their interest rate. Well while they’re all battling it out for your business and you’re trying to understand their fine print, Jade Finance has the ability to cut straight to the chase with the commitment to offer you the best car loans interest rates.

Cheap interest rates is not just an advertising slogan for us. It’s our commitment to you, in our company DNA, our driving force!

Our Cheap Car FinanceInterest Rates Commitment

We don’t like to be beaten on interest rates so we try harder to secure you the cheapest rate on your car loan. As Aussie brokers, we’re not locked into what only one bank or one lender will offer you - we have multiple lenders to access car finance.

  • More lenders, more choices, cheaper rates: a wider field means we can find the cheapest rates.
  • Superior negotiating skills to bargain the best rate for you: our consultants are professional finance negotiators.
  • Strong bargaining power across more banks and lenders: the market knows that Jade is a leader in the motor vehicle lending and they want our business and are prepared to deal.
  • Your best interests are our only focus: we work only for you!

Interest Rates Explainer

Interest rates are only one element of a car loan but a very important one. Over the term of your car loan, a small percentage variation in the interest rate can mean a significant amount of money.

Interest rates vary from lender to lender depending on their speciality, their internal guidelines, how they price funds and the access they have to funds as well as what’s happening in the global economy.

  • Personal car loans and business car finance interest rates can vary.
  • Rates can vary depending on specifics of the vehicle: condition, age, purchase price.
  • Rates vary based on individual application and credit profiles, term of the loan and perceived risk factors.

Comparison Interest Rates

  • With car loan advertisements you’ll notice a main interest rate and a comparison rate. This is different from comparing interest rates. The law requires lender to display both rates. The interest rate is used to calculate the car loan initially, but the comparison rate is the rate which applies to the car loan once all fees and charges have been accounted for. These fees vary across lenders.
  • Often low interest rate offers hide higher fees and charges so the comparison rate is significantly higher and the overall cost of the loan, ie what you are repaying, is higher.
  • Always pay attention to the comparison interest rate, not just the advertised rate.

Read more about Comparison Interest Rates in our Blog explainer articles.

Your Jade Finance consultant will always provide you with a fully inclusive car loan offer and will explain all the details so you can make a fully informed decision. A decision made with the confidence that Jade has sourced you the cheapest interest rates and is working in your best interests.

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Request a free finance quote by calling 1300 000 008 or directly online.

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Car Interest Rate FAQs

Interest rates are an obsession and a mystery to many Australians. Driven very much by the media and house prices, interest rates dominate much of the advertising for all types of loans including motor loans. The interest rate is an important determinant of an overall vehicle loan. But the concept of interest rates is complex in many respects and we understand that you will likely be inquisitive about our interest rates and how we achieve such low rates. Jade Finance is obsessed you could say about achieving the cheapest interest rates for our customers. We answer some of your questions here.

How can brokers get such low car loan interest rates?   

Finance brokers operate on a business model around achieving the lowest interest rates for customers. As a car finance lenders, brokers are accredited with a large number of banks and non-bank lenders. By having more sources, there are more options to find you the cheapest interest rate. Some non-bank lenders operate only via a broker network and these are the industry-only lenders that are more open to offering better deals than the major banks in special cases. Brokers can write a lot of business in motor vehicle finance and that gives them bargaining power which to negotiate the cheapest rates for our customers.

Why are business rates lower than personal car loan rates?   

In determining the Interest rate that will be offered on any loan, each lender that we approach on your behalf, does what’s called a risk assessment of the application. That is the level of confidence the lender has in the applicant being in a position to meet the loan commitments. In general, businesses are seen as a lower risk for finance than individuals so that category of loan attracts lower interest rates. Businesses are usually seen as more secure than individuals and may have a greater asset base in terms of the business itself and a more extensive trading history to assess risk. Interest rates on all types of business loans, not just motor vehicles, is always lower than personal interest rates for these reasons.

What determines the interest rate?   

Individual banks and lenders determine the interest rate that they will offer on a particular category of goods based on a number of factors. These factors include their exposure to or interest in extending financing in that area (say motor vehicles), their confidence in the sector, the economy in general, global economic and financial drivers and the costs that they must pay to access the funds they need to extend loans. The price that lenders pay for their finance is determined by what is known as the official cash rate and this is set by the Reserve Bank of Australia. When the RBA cuts the rate at which banks can borrow money, interest rates on many goods and loans is usually reduced by not always by the full amount of the rate cut. These rates determine the rates that individual lenders offer on car loans.

Will I have to fix or change my rate during my loan?   

No. Car loans are usually sourced at a fixed interest rate so customers can have confidence that their vehicle loan will remain the same for the complete loan term. The exception being Unsecured Personal Loans which may be either at fixed or variable interest rates. For Personal Secured Motor Loans and all Business Vehicle Finance, the interest rate is fixed. This means customers do not need to address changes to their loan for the loan term. The interest rate determines the monthly repayments, so that amount will also remain fixed for the loan term. When you hear media and advertising referring to people ‘fixing their loans’ this is usually in reference to home mortgages which are structured differently from car loans and can have variable interest rates, draw down accounts and other aspects which may change over the much longer term of the home loan, compared with a car loan.

Can I get your advertised interest rate?   

The interest rates advertised by lenders on car loans should be taken as a guide and are the cheapest being achieved by that lender in the current environment. It will depend on the quality and quantity of financial documentation you provide in your application and your credit profile as to what interest rate we will be able to achieve for your loan. For businesses, the more documentation including BAS statements, tax returns, profit and loss statements, annual business accounts etc that you can provide, the more positive this will impact on your loan offer.

Can I easily compare interest rates from many lenders?   

Yes. There is a very useful resource provided witrh our which allows users to quickly see the different car loan interest rates being offered by a range of leading lenders. This is primarily designed for personal motor loan applications. This Compare Lenders tool in a simple table format which shows the lender name, advertised interest and comparison interest rate. So you can quickly and easily compare the rates and you can go a step further to compare loans. Above the table are two fields where you can enter the amount you want to borrow and the loan term you want to repay the loan. The formulations immediately adjust the figure in the end column which is the estimated monthly repayment for each lender.

What is the difference between advertised and comparison interest rate?   

A comparison interest rate is a concept which only applies to consumer finance that is in this case, to personal motor  loans. The advertised interest rate or current interest rate that is displayed by lenders is essentially the basic, cheapest rate we can achieve and is in some respects the raw rate. But all loans will include some fees and charges by the lender and these can vary from lender to lender and for individual applicants. So when the fees and charges are applied to the loan and averaged across the entire loan term, the interest rate will be higher than the rate that was applied to the principle loan amount. That is the comparison rate. The comparison rate is worked out when all fees and charges have been included in a loan and the total loan amount is averaged over the loan term. It is a requirement by law that all lenders in the consumer finance space display a comparison interest rate. It is based on a specific example of a purchase. For example, a set car which was purchased at a set dollar amount. Read the fine print for details. When comparing interest rates across lenders, consumers should compare the comparison rate as it gives you a better indication of the level of fees and charges applied by that lender.

Are car loans at fixed or variable interest rates?   

Across business vehicle finance and personal car loans, a fixed interest rate applies. Variable interest rate car loans only apply to some Unsecured Personal Loans. This type of can be sourced at either a fixed or variable interest rate, dependent on the lender and borrower’s preference. Fixed interest rate car loans provides you with certainty moving forward. By securing your loan at a fixed interest rate we also fix your monthly repayments over a fixed loan term. So you have the assurance that your loan repayments won’t increase over the term of your car loan. Fixed interest rates tend to be standard across the motor vehicle lending sector.

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