Car Loan Comparison

CarClarity makes car loan comparison easy with our innovative loan-matching technology. You can find competitive deals by taking advantage of our platform now!
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Car Loan Comparison

Want a reliable car loan comparison service that considers your personal situation, as well as the amount you want to borrow and the type of car you want to buy? We have the solution for you.

CarClarity is an innovative car loan finder that handles all the hard work for you. Using our smart loan-matching technology, we narrow down all the options from our panel of more than 40 lenders so that you can get a tailored list of the loan products that suit your personal circumstances. We essentially compare car loans for you so that you can get on the road in your dream car in just a matter of days.

How does a car loan comparison work?

The traditional means of car loan comparison is to look at different lenders and evaluate the terms and details of their deals individually. This method is notorious for being tedious, especially since there is an abundance of car finance lenders in the market offering unique benefits, features, and conditions.

You would have to manually compare car loan rates, requirements, repayment terms, and other details from different lenders to make a sound decision. This process can take hours or even days to complete.

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What are the benefits of a car loan comparison?

CarClarity saves you the time and hassle of going through this tedious car loans compare process with our smart loan-matching technology. This car loan comparison tool compares rates across 40+ lenders and over a thousand loan options, helping you narrow down your search to loans that best suit your personal circumstances. It factors in the interest rate, loan term, repayment structure, and applicable fees to ensure you get a deal that matches your budget, preventing you from applying to the wrong lender and potentially hurting your credit score.

We work with an assortment of lenders to cater to the diverse requirements of our customers throughout Australia. You can use our platform to compare car loans from different lenders and take advantage of our competitive car loan interest rates today.

We suggest using our intuitive tool to compare car loans from our panel of lenders in order to find the most competitive deal for you. You just need to provide some details about yourself, the car, and the loan, and our tool will give you the top three loan options that suit your circumstances.

Is it better to finance through a bank or through a finance company?

If you’ve been planning to take out a car loan, chances are you’ve been pondering on whether to finance through a bank or a finance company. Banks and finance companies offer different ways to pay for your car, so it’s important to understand the difference between the two before making a decision since the difference in cost between these options can amount to thousands of dollars.

Banks usually only provide personal loans, that is, unsecured loans that are not backed by any collateral. This means that if you default on the loan, the bank can’t take your car away from you. However, because there is no collateral, banks tend to be more strict about who they lend to and usually require a higher credit score. Banks also generally charge higher interest rates than finance companies, and their application process can be quite lengthy.

Finance companies, on the other hand, specialise in auto loans and are more willing to lend to people regardless of their credit history. Whether you have an excellent credit score or a less-than-ideal one, finance companies can cater to your car financing needs. They also tend to offer lower interest rates than banks and offer a mix of secured and unsecured loans. The former requires you to pledge the vehicle you want to purchase as collateral, while the latter lets you take out the loan without pledging any asset as collateral.

Your choice on whether to finance your car purchase through a bank or a finance company will ultimately depend on your credit history, income, and the type of loan you’re looking for. The best route is to shop around for a deal that suits your personal circumstances, and we can help with that. CarClarity is your one-stop shop for sourcing and financing your next car. We give you access to over a thousand loan options from more than 40 lenders that have different specialties so that you never have to do the legwork on your own.

This extensive lender network enables us to cater to customers with all different credit profiles and the vehicles they want to purchase. We can help customers get finance for new or used vehicles with loans from $5000 to $200,000 - we can also assist if they want to purchase their vehicle from a dealership or a private seller. You can reach out to our team of experts if you need impartial advice about finding a vehicle that suits your lifestyle and budget. We are here to support you through every step of the finance car loan application, taking the time to understand your needs to find the best car loans for your personal circumstances out of our 40+ lenders.

CarClarity is proud to achieve a 9/10 approval rate for the auto finance loan applications we submit. We can even help you get approval on the same day. Take advantage of our smart tech to compare the most competitive car loans today!

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Things you should know

CarClarity is an online financial comparison service and is owned and operated by CarClarity ACL Pty Ltd ABN 50 606 243 243 / ACN 606 243 243 and Australian Credit License 478 874.
CarClarity provides you access to our expert team who can assist in selecting suitable car loans from our panel of 40+ lenders and over 1000 financial services products. The financial products compared on this website do not necessarily compare all features that may be relevant to you and CarClarity does not compare all rates in market.
All applications are subject to the credit provider’s credit assessment and loan eligibility criteria. Terms, conditions, fees and charges apply. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. CarClarity may receive a commission from lenders we recommend.