Different lenders have varying minimum and maximum amounts they require to take out a new car loan, these can vary from $1,000 up to $100,000. To determine how much you can borrow for a car loan comes down to how much you earn, how much you spend each month and your level of credit. Our smart technology has taken the guesswork out of the loan comparison process by calculating your borrowing power.
Traditionally getting a new car loan has been a time consuming and stressful process involving research, credit score checks and multiple applications. CarClarity takes care of the car loan process, compares the market and finds you the best new car loan.
While deposits are not mandatory to get a new car loan, it may help with the approval process and lower your repayments and interest. Some lenders insist on a 10-20% deposit while others allow you to take out a loan for the entire value of the car.
Yes! With CarClarity applying for a new car loan is now 100% online. Simply fill out one application and get matched to 30+ lenders. We do all the checks and negotiate the best price for you. Learn more about how it works.
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 30+ 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.