Car loan refinance made quick and easy

Thinking of refinancing your car loan? Savvy offers a complete range of car loan refinancing options to get you a better deal

Gain better car loan rates

Did you know you can refinance your car loan? If the market has changed or your credit has improved, it makes a lot of sense to consider car loan refinancing. Unlike refinancing a home loan, you can refinance your current car loan with a variety of options.

Car loan refinancing makes sense if you once had bad credit and are now in a better credit category. Refinancing with a lower interest rate may save you thousands of dollars throughout the life of the loan.

Car loan refinancing may make you eligible for a new car if you are willing to trade in your old one. One common way of refinancing is to pay out the existing loan with a trade-in.

Trusted brand

The team at Savvy can advise you if a car loan refinance is the best option for you. In some cases, your current car loan may penalise you for exiting your car loan early. However if that’s not the case, you could be saving money not only in interest rates, but fees, charges and loading on timed repayments. A new car loan could also give you access to features your existing car loan doesn’t have.

Our financial professionals can guide you through the process and determine whether a car loan refinance is the best move. Sometimes the drawbacks outweigh the advantages in refinances, especially due to differing loan terms, exit fees or setup costs.

Compare car loan refinance lenders and save

Thinking of buying your dream car? Savvy offers a complete range of car loan options to suit all needs.
Compare and save with Savvy. Savvy has access to all major banks and lenders in the country. We hold accreditation with all the major lenders in the country and have experienced consultants to tackle any requirement.

LenderProduct NameAdvertised RateComparison RateMonthly Repayment
SavvySecure Car Loan4.99%
Bank of AustraliaUsed Car Loan6.45%
ANZOnline Secured Car Loan7.85%
CUAFixed Rate Car Loan7.99%
BankSASecured Fixed Personal Loan8.49%
St GeorgeSecured Fixed Personal Loan8.49%
CBASecured Car Loan8.49%
NABVariable Rate Personal Loan14.19%

* Consumer loan with the loan amount of $40,000 is looking at a 5 year secured fixed rate of 4.99% p.a. and comparison rate of 5.89% p.a.. WARNING: all fees and charges may not be included on the example above, only the comparison rates, monthly repayment and total cost applies. Therefore, the total cost of the loan might be different. Comparison rate do not include broker fees, redraw fees, early termination fees and fee waivers. Comparison rate may change as a result of the different loan terms, fees and the loan amounts. Establishment fees and monthly fees do not apply to commercial loans, only consumer loans. However, there might be different fees apply.