Revolution Finance Compare Car Loan Offerings From The Four Major Banks.

Announcement posted by Revolution Finance 18 Nov 2015

Car loans are not created equal...

Car loans are not created equal. This is evident when you browse the big four banks websites to compare their offerings. With this in mind, we have done some research on the car loan offerings from each of the four major banks and compared them with what Revolution Finance can offer.

ANZ Bank

Secured car loan with rates from 7.20% (special online only rate). Comparison rate of 8.05% with $350 establishment fee and a $5 per month admin fee. Minimum amount financed is $7,500 and car must be less than 7 years old.

Commonwealth Bank

Secured car loan rates start at 8.49%. Comparison rate of 9.54% with $250 establishment fee and a $10 per month account servicing fee. Car must be less than 5 years old.

Westpac Bank

Secured car loan rates start at 8.49% with a comparison rate of 9.54%. Establishment fee is $250 with a monthly account servicing fee of $10. Minimum amount financed is $10,000 and terms up to 7 years.

Westpac Bank

Unsecured fixed rate car loans with rates starting at 13.89% with a comparison rate of 14.76%. $150 application fee and $10 accounting keeping fee. Minimum loan amount is $5,000 with terms up to 7 years.

Revolution Finance (That's Us)

We offer secured car loans from 3.99% with a comparison rate of 4.84%. Establishment fees vary from $350-$400 and account keeping fees from $5-$10 per month. We can finance vehicles up to 20 years old and our minimum loan amount is $4,000 (no maximum). Minimum loan term is 12 months with a maximum of 7 years.

Let's break it down.

Let’s have a look at an example car loan from all of the above providers. If you were looking to borrow $30,000 for a new car over a standard 5-year term, the results would be as follows:

ANZ: Repayments from $608.83 per month.

CBA: Repayments from $630.48 per month.

Westpac: Repayments from $630.48 per month.

NAB: Repayments from $709.82 per month.

Revolution Finance: Repayments from $563.80 per month.

The numbers speak for themselves. A car loan from Revolution Finance can save you from $45.03 per month ($2,701.80 over the life of the loan) up to $146.02 per month ($8,761.20 over the life of the loan).

Speak to us today!

Your bank won’t tell you where to get the best rate, but we will! We save our average customer more than $2,000 on their car loan so give us a call today or submit a quote request to find out how much we can save you.

1300 882 851