Car Loan Switch & Save Calculator
Compare your options with RateCity's car loan switch and save calculator. Calculate repayments and potential savings when switching to a different car loan product.
Calculate your car loans repayments and savings when switching your car loans from the Big 4 banks
Borrowers who have switched to smaller, more competitive lenders are saving hundreds of dollars every month. With rates well under 10% now, there’s no better time to switch. Compare your car loan rate against the latest deals:
Advertised Rate 4.67% Fixed | Comparison Rate* 5.22% | Company  | Save by switching $4,548 total savings | Repayment $129 based on $30,000 loan amount for 5 years at 5.22% | Upfront Fee $400 | Go to site | Drive away with a new set of wheels, without forking out ongoing fees. | Winner of Best new car loans, RateCity Gold Awards 2021 More details | |
Product | Advertised Rate From 5.50% Fixed | Comparison Rate* 5.85% | Company  | Save by switching $3,863 total savings | Repayment $132 based on $30,000 loan amount for 5 years at 5.85% | Upfront Fee $250 | Go to site | Buying a new or second-hand car? Apply online today and enjoy no ongoing or early repayment fees. More details | |
Product | Advertised Rate From 4.45% Fixed | Comparison Rate* 4.45% | Company  | Save by switching $4,728 total savings | Repayment $129 based on $30,000 loan amount for 5 years at 4.45% | Upfront Fee $0 | Go to site | Secure this loan with a new or used car, pay no upfront or ongoing fees, and enjoy the flexibility to make extra repayments. More details | |
Product | Advertised Rate 6.79% Fixed | Comparison Rate* 7.16% | Company  | Save by switching $2,781 total savings | Repayment $136 based on $30,000 loan amount for 5 years at 7.16% | Upfront Fee $265 | Go to site | Drive away with a secured car loan offering a competitive interest rate, no ongoing fees and generous features. More details | |
Product | Advertised Rate From 4.05% Fixed | Comparison Rate* 5.63% | Company  | Save by switching $5,055 total savings | Repayment $128 based on $30,000 loan amount for 5 years at 5.63% | Upfront Fee $700 | Go to site | More details | |
Advertised Rate From 6.99% Fixed | Comparison Rate* 6.99% | Company  | Save by switching $2,611 total savings | Repayment $137 based on $30,000 loan amount for 5 years at 6.99% | Upfront Fee $395 of loan amountup to $995 Establishment fee from 0% | Go to site | More details | ||
Advertised Rate From 6.45% Fixed | Comparison Rate* 6.45% | Company  | Save by switching $3,068 total savings | Repayment $135 based on $30,000 loan amount for 5 years at 6.45% | Upfront Fee $0 | Go to site | More details | ||
Advertised Rate From 6.45% Fixed | Comparison Rate* 6.45% | Company  | Save by switching $3,068 total savings | Repayment $135 based on $30,000 loan amount for 5 years at 6.45% | Upfront Fee $0 up to $950 | Go to site | More details |
*How we came up with our estimates?
- Estimated savings are calculated by averaging the car loan interest rates from Australia’s big four banks; averaging the four lowest interest rates for personal loans available through RateCity; and comparing the cost difference when these average interest rates are applied to a $30,000 loan with a five term and monthly repayments.
- These estimated savings calculations were made on 8 March 2018.
- Estimated savings are not a guarantee or projection of future savings.
Nick Bendel
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.