Rating based on 40 reviews

Canstar Car Loan

Updated

  • Car loans up to $80,000
  • Low-interest starting from 5.44%
  • Repayment up to 10 years

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Canstar homepage

Author Canstar. Screenshot of Canstar website. [Accessed April 12, 2018]

Canstar – We know finance

Canstar was founded over 25 years ago as a privately owned financial research agency, we assist consumers to make a financial decision with self-assurance.

1 in 6 people visits our site every year and the Canstar logo is recognised by two in three people. We also offer our research to other third parties who include Funds Managers, Banks, Money Magazine Insurers, and other media, as well as government bodies such as the Reserve Bank.

Our research is done by professionals

We have a talented team of professionals who collect, analyse and research at least 30 000 products across insurance, superannuation/investments, vehicle loans and banking so that we can develop our expert value-based Star Ratings. We get that most people don’t love managing their finances, but we certainly do.

Choosing the right car loan for you

Set up your game plan before applying for a loan. The greater part of Australians, 59% of the general public surveyed by CANSTAR Blue in 2016, say they are more probable to take financial products such as loans with the institution they generally bank with. However, you ought to always compare car loans to find the best one for your personal circumstances.

We research, we rate and you compare

Include the five-star products to your shopping list they are designed to help you choose the right product confidently.

We are an online car finance comparison site with exceptional ratings, unfortunately, we do not have a call centre or branches, you are able to compare products online.

We can show you the most relevant products based on your information.

  • Your outcome will be displayed on the Star rating, then alphabetically by Business.
  • We take our obligations very seriously and hold Australian Financial Services and Credit License.
  • Should you require more information, please see our FSCG.
  • We are unlike other comparison sites and our brands are more comparable.

What is a car loan?

A car loan is for the purpose of buying a motor vehicle such as a car or motorbike or any other road vehicle. If you don’t have sufficient savings to afford to buy a car, but you are able to afford repayments on a car or personal loan in monthly instalments, you could consider using these loans to finance your new wheels. 

Canstar Car loan

  • Loan Type Car loans
  • Interest Rate 5.4410.98% p/a
  • Loan Amount up to $80,000
  • Repayment 1 year to 10 years

Benefits of Canstar

  • Vehicle finance comes with flexible terms
  • Compare loan features
  • Compare loans online

Canstar - Fast vehicle finance

Canstar has over 30 000 products with an extensive range of brands, we have brands that would surprise you if they were not there, as well as lesser known brands but outstanding value providers none the less.

We know finance & we compare the value

Our experts offer comparisons in more than 30 different online finance categories. Canstar’s talented team lives by our guiding principles.

If you want the cheapest health insurance policy, our star Rating takes prices and features into consideration, it works for some, but other would like a policy that covers them for what they need.

We research and rate Customer Gratification via Canstar Blue

Using professional market research our Blue division researcher’s offer more than a hundred categories of consumer products and services is more than eight hundred brands and assigns the rating based on customer gratification.

Amid Canstar and Canstar Blue, we measure up to over 1100 brands.

Learn more about Canstar Blue and how we get paid

  • We are dedicated to offering comprehensive financial information at no charge.
  • We generate proceeds in four ways through advertising, subscriptions, referrals, and lead award licences.
  • According to the Australian Bureau of Statistics, car sales are an enormous business in Australia, there are about 97,000 new cars being sold monthly, plus there are second-hand or ‘used’ cars on top of that.

Who offers car loans?

Car loans may be offered by a personal loan or perhaps via the redraw facility or even as a line of credit on a home loan, you may also go to peer to peer otherwise known as P2P lenders and car dealers. Car loans are also obtainable by financial institutions as a stand-alone car loan. 

Fixed rate car loans

Car loans are generally offered at a fixed interest rate for the lifespan of the loan. This means repayments remain unchanged, so they’re stress-free and better to budget for, sometimes there may be added fees involved if you want to make extra repayments and pay out the loan early.

Variable rate car loans

A variable rate on a car loan is difficult to come by than that of a fixed rate; then again some lenders are still providing the option. As you would imagine, the repayments for a variable car loan can fluctuate every time the lender changes their interest rate. You’ll feel like a champ when they adjust their rates down, but you’ll be booting yourself if they move them above what the fixed rate was offered in the first place. You can apply for a loan online through the majority of lenders that offer this type of loan. 

man holding thumbs up

Canstar is a trusted & reliable provider of car loans

In our review, Canstar adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, as well as the National Consumer Credit Protection Regulations 2010, where the granting the loan will not cause financial distress to the consumer.

Canstar is a registered credit provider in Australia; ACL 437917

Customer Reviews & Testimonials

By far the best service I have ever gotten and I got my vehicle loan approved and It didn’t even take that long great service.

Johnny B
— Melbourne —

This company is the company they are brilliant and really listen to you.

Matthew D
— Sydney —

Really if you need help with a car loan look no further they really look after you at the company.

Herald K
— Newcastle —

We went to the offices as its easy to find their location on their site. We were helped right away and they assisted us with our application.

John S
— Perth —

Canstar Contact

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