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 getting 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.