LCA - FAQ - What is a fixed rate car loan?

<span data-sheets-value="{"1":2,"2":"A fixed interest rate car loan is a loan with the option to lock in (or ‘fix’) your interest rate for a set period of time (usually between three and five years). Most borrowers will choose this type of loan if they want to have cash flow certainty. By knowing exactly what your car repayments will be, you’ll have the same repayments for the whole fixed period.\r\n\r\nThe main advantage of a fixed-rate car loan is the certainty of knowing your repayments. By “fixing” your loan for a period of time, you know what your repayments will be every week/fortnight/monthly payment.\r\n\r\nFixed vs variable car loans - loans.com.au https://www.loans.com.au/car-loans/fixed-vs-variable-car-finance"}" data-sheets-userformat="{"2":1049089,"3":{"1":0},"12":0,"23":1}" data-sheets-textstyleruns="{"1":0}{"1":621,"2":{"2":{"1":2,"2":1136076},"9":1}}" data-sheets-hyperlinkruns="{"1":621,"2":"https://www.loans.com.au/car-loans/fixed-vs-variable-car-finance"}{"1":685}">A fixed interest rate car loan is a loan with the option to lock in (or ‘fix’) your interest rate for a set period of time (usually between three and five years). Most borrowers will choose this type of loan if they want to have cash flow certainty. By knowing exactly what your car repayments will be, you’ll have the same repayments for the whole fixed period. The main advantage of a fixed-rate car loan is the certainty of knowing your repayments. By “fixing” your loan for a period of time, you know what your repayments will be every week/fortnight/monthly payment. Fixed vs variable car loans .

Fixed Rate Car Loans

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Why apply for a fixed rate car loan with loans.com.au?

Lock in a low rate for the entirety of your car loan with a fixed car loan! Easily budget for the future with predictable repayments. Make the most of car loan features like balloon payments and more. Find a loan tailored to fit your financial needs.

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Fill out the online application (it takes only two minutes!) or speak to one of our car loan specialists who will take care of all the paperwork for you. Get car loan approval within 24 hours if you’ve submitted all the necessary documents and requirements.

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Fixed Car Loan FAQs

What is a fixed rate car loan?

A fixed interest rate car loan is a loan with the option to lock in (or ‘fix’) your interest rate for a set period of time (usually between three and five years). Most borrowers will choose this type of loan if they want to have cash flow certainty. By knowing exactly what your car repayments will be, you’ll have the same repayments for the whole fixed period.

The main advantage of a fixed-rate car loan is the certainty of knowing your repayments. By “fixing” your loan for a period of time, you know what your repayments will be every week/fortnight/monthly payment.

Fixed vs variable car loans.

What's the difference between a variable and fixed rate car loan?

A variable interest rate changes frequently, meaning loan repayments can increase and decrease each payment. A fixed interest rate remains the same for the entire loan term, meaning repayments will always be the same.

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Fixed Rate Car Loans

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Top reasons to choose a fixed rate car loan

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Your loan details

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Why apply for a fixed rate car loan with loans.com.au?

Getting started is simple

Low rate car loan eligibility

“I was updated along the track and it all turned out perfectly. I would certainly recommend loans.com.au to other car buyers.”

Join our other customers

Our Google rating

As seen on...

It's fast & easy to get a loan with loans.com.au

Fixed Car Loan FAQs

What is a fixed rate car loan?

What's the difference between a variable and fixed rate car loan?

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Real Good Rewards

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