Guide to car loans

Car loans are easy enough to overlook in the rush to buy a car. But if you spend a tenth of the time shopping around on your auto financing as you do looking for your ride, you could save years off your loan - and thousands of dollars.

Don't fatten up the car finance cats when that money could be going towards leather upholstery and premium air fresheners.

Frequent Car Finance Mistakes… And How You Can Avoid Them

Frequent Car Finance Mistakes… And How You Can Avoid Them

It’s the end of the financial year and with car dealerships in mega sales mode it can be a great time to snap up a new car bargain. But before you step foot onto the car lot, it’s important to spend some time wising up on dealer finance tactics. Mozo asked car finance expert Rob Chaloner of stratton to highlight some of the most frequent car finance mistakes and how you can avoid them, here’s his advice:

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Financing a Mitsubishi: the comprehensive guide

Financing a Mitsubishi: the comprehensive guide

Whether you’re looking for a family car, something to zip around the city or you need a ute for your next adventure, Mitsubishi has a lot of options on offer. And when it comes to financing the vehicle you fancy, there’s plenty of choice there too. It’s all about finding the right loan option for you. Let’s start with the three main options: 

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Ultimate guide to financing a Toyota

Ultimate guide to financing a Toyota

So you’ve decided to buy a Toyota. Oh what a feeling! For years after the first Land Cruiser arrived in Australia in 1958, Toyota has been a popular choice for many drivers. From a reliable Yaris, to a hybrid Prius, to a heavy duty Hilux, there are plenty of options out there. But what choice do you have when it comes to financing your new vehicle? Read on and find out…

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The complete guide to vehicle finance

The complete guide to vehicle finance

Vehicle finance, or car finance, refers to money you borrow in order to purchase a car. Whether you choose to take out a car loan from a bank or from the car dealership, you’ll have to pay what was lent to you over a certain period of time with the addition of interest. 

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Buying a car: A guide to getting your first set of wheels

Buying a car: A guide to getting your first set of wheels

So you’ve decided to buy your first car. Hello freedom! But there are a few costs to know about first:

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What happens if I can’t pay my car loan?

What happens if I can’t pay my car loan?

There is no doubt about it, cars can be expensive. But for many Aussies access to a car is essential, so the thought of not being able to pay off a car loan can be pretty stressful.

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The costs of buying a car

The costs of buying a car

Did you know that there’s such a thing as ‘dealer delivery’? Are you aware that ‘on-road’ costs are sometimes added as a cost on top of what you pay for your car? Among other things, these are just some of the costs you need to be aware of when buying your next car.

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Financing a car

Financing a car

You’re buying a car? Well break out the champers! Ok, maybe not yet, because we have a lot of work to do yet. You’re going to have to have a little think about how you’re going to finance your new set of wheels and for how long. It’s all about budget and wishlist. If you can make a compromise somewhere in between then you’ll be cracking out the bubbly in no time. Let’s have a closer look at your options: 

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New car loan

New car loan

So you’re getting a car loan for a new car. This is exciting! 

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Used car loans

Used car loans

Who doesn't love pre-loved? When it comes to cars, opting for a used vehicle often means you're likely looking at a lower price with the added bonus of a little bit of character. 

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What car can you afford?

What car can you afford?

When considering purchasing a car, the matter of what you can afford is a huge question. First off, you need to determine whether or not you plan to buy the car outright. And if you plan to get a loan, how much money you are willing to sacrifice towards repayments. 

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Car repair loan

Car repair loan

If you can’t afford to upgrade or trade in, repairing your car for any major dings or mechanical problems may be the way to go. But this can come with quite a price tag... So what's an option? A car repair loan!

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How to sell a car with an outstanding loan

How to sell a car with an outstanding loan

So you're thinking of selling your car. Whether you're upgrading, giving yourself a little cash injection or just feel like going car-free, if your current vehicle has an outstanding loan, there are a few things you need to know. 

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Car loan versus car finance

Car loan versus car finance

Buying a car, whether new or second hand is an exciting time. 

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Car loan price guide

Car loan price guide

When buying a car, where do you start? Will your decision be based on the shape, the brand or how many passengers it can carry?

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Types of car loan

Types of car loan

Cars are a necessary part of everyday life that let you get to work, the shops or weekend destinations conveniently. But they can also be expensive and sometimes shelling out a large lump of cash up front isn’t a viable option. That’s where car loans come into play. A car loan can help you get the finance you need, for the car you want.

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Car loan applications

Car loan applications

How exciting! You’re about to apply for a car loan, and get yourself a new set of wheels.

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Car Loan Tips and Tricks

Car Loan Tips and Tricks

Whether you’re about to apply for a car loan or still just thinking about it, it’s a good thing you’re here.

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Car loan fees and features

Car loan fees and features

A car loan could be your saviour when it comes to turning your auto dreams into reality. Whether you choose to take out a car loan from a bank, credit union, peer to peer or online lender there are many terms and phrases or fees and features you may not be aware of.

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Car loan news

Get pole position on the auto loan latest with high-speed updates and streetwise commentary.

What is a good interest rate for a car loan in australia

What is a good interest rate for a car loan in Australia?

Need a car loan to help you fund your first or next set of wheels? But don’t know what a good interest rate looks like? We’re here to help. Right now on the Mozo database, the average new car loan rate is 6.14% and the average used car loan rate is 6.64%. So, if you are receiving a rate that is below average then you are getting a solid deal. In saying that, there are plenty of lenders that offer low rate car loans well below those numbers, both fixed and variable options. Take these for example …

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Used car prices remain high but many drivers not confident to haggle

Used car prices remain high but many drivers not confident to haggle

There are over 20 million registered motor vehicles in Australia and according to online automotive marketplace Autotrader, 75% of Aussie drivers have purchased a used car at some point in time. However, that’s not to say that we are well-versed in haggling prices. In recent research commissioned by Autotrader and undertaken by YouGov, it was found that 64% of Aussie drivers between 22 and 54 feel very uncomfortable negotiating the price of a pre-loved set of wheels. Plus, 50% of Aussie drivers claim they aren’t very knowledgeable about cars at all. 

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Car loans your options to fund a top small vehicle in australia right now

Car loans: Your options to fund a top small vehicle in Australia right now

Is a small vehicle on the cards for your next car purchase? If so, you’ve come to the right place. According to Carsales’ Best Small Car 2021 list, Mazda3 was named the best small car option for Australian consumers right now. Based on a number of categories like safety, technology, comfort and convenience, driving performance and ownership costs, there were nine winners in total this year. The 2021 Carsales list is as follows: 

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Electric vehicles what are my loan options

Electric vehicles: what are my loan options?

Many Aussies are turning their attention to electric vehicles (EVs). In fact, according to the Australian Bureau of Statistics (ABS) latest Motor Vehicle Census, as of January 31 2021 there were more than 23,000 registrations of EVs nationwide. That’s a 62.3% increase year on year.  Plus, as part of the federal government’s Future Fuels Fund, the Australian Renewable Energy Agency (ARENA) recently announced a further $24.55 million worth of funding to help expand Australia’s EV fast-charging network. So with more EVs on the road and more charging stations to be made available - you may be wondering how you can get your hands on one. 

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