Can I get a car loan rate that starts with a 3?
Can I get a car loan rate that starts with a 3?
… if you’re the right type of borrower.
According to the Mozo database, three car loan providers are offering fixed and variable rate options that start with a 3 right now.
This is extremely competitive, as the current average variable car loan rate on our database is 6.68% across new and used vehicles.
Here’s what’s on offer:
3.97% (4.52% comparison rate ).
3.99% (4.89% comparison rate ).
It’s important to keep in mind that there are conditions when it comes to taking out the above loans. For example, the Loans.com.au product must be used for an eco-friendly vehicle, while both the Northern Inland Credit Union and Queensland Country Bank options can only be used for new or demonstrator vehicles.
Financial literacy 2.0
Your Financial Wellness has emerged as a leader in the provision of financial literacy and budget planning tools to the mutual banking sector, with eight organisations now using its services.
The latest to sign up is Teachers Mutual Bank, which announced earlier this month that it will use Your Financial Wellness services as a “core component of its financial wellness initiatives”.
Other financial institutions using its services include MyState Bank, MOVE Bank, Illawarra Credit Union, Goulburn Murray Credit Union, Orange Credit Union and Northern Inland Credit Union.
Your Financial Wellness chief executive Alexander Hassall said the company provides a platform that allows financial institutions to explain financial issues to their customers.