Hit the highway this summer time with December’s prime automobile loans
- Car Loans
- April 27, 2023
- No Comment
Easing border restrictions, heat climate and a few well-deserved day without work are the proper components for an ideal Aussie highway journey. Maybe all that’s lacking is the automobile.
Over the 12 months, new automobile gross sales skilled 11 straight months of year-on-year development, even reaching historic ranges, earlier than finally recording declining figures up to now two months.
Federal Chamber of Automotive Industries’ chief govt, Tony Weber, places the latest declines right down to “nicely recognised worldwide provide chain points”.
“This consists of constraints round microprocessor provides in addition to the continuing influence of the pandemic limiting factories,” Mr Weber mentioned.
Many Australians who haven’t wished to attend for his or her new automobile to reach have shifted their focus to the used automobile market, which in flip has additionally seen exponential development over the previous 12 months.
In the meantime, hybrid and electrical car (EV) gross sales have surged in 2021, as varied state and nationwide incentives and funding packages for EVs have been introduced in latest months.
Whereas demand for all sorts of highway automobiles has climbed over the 12 months, automobile mortgage rates of interest have remained aggressive.
When you’re out there for a brand new set of wheels to hit the open highway this summer time, RateCity’s automobile mortgage comparability instruments can assist you in your seek for the best finance possibility.
Our automobile mortgage comparability tables let you filter down your outcomes that will help you discover a new, used, or inexperienced automobile mortgage that might finest fit your wants.
To assist get you began along with your analysis, RateCity has put collectively a number of the top-rated automobile loans for December 2021, based mostly on our leaderboard rankings.
(Rankings are appropriate on the time of publishing. Please observe lenders could commerce locations on the listing as rates of interest and costs change and RateCity’s tracker displays these actions.)