Easing border restrictions, warm weather and some well-deserved time off are the perfect ingredients for a great Australian road trip. Maybe all that’s missing is the car.
Over the year, new car sales enjoyed 11 consecutive months of year-on-year growth, even reaching historic levels, before finally posting declining numbers in the past two months.
Federal Chamber of Automotive Industries chief executive Tony Weber attributes the recent declines to “well-known international supply chain issues”.
“This includes constraints on microprocessor supplies as well as the continued impact of the pandemic limiting factories,” Weber said.
Many Australians who didn’t want to wait for their new car to arrive have turned to the used car market, which in turn has also grown exponentially over the past 12 months.
Meanwhile, sales of hybrid and electric vehicles (EVs) have surged in 2021, as various state and national EV incentives and funding programs have been announced in recent months.
While demand for all types of road vehicles increased during the year, auto loan interest rates remained competitive.
If you’re looking for a new set of wheels to hit the road this summer, RateCity’s auto loan comparison tools can help you in your search for the right financing option.
Our car loan comparison charts allow you to filter your results to help you find a new, used or green car loan that might best suit your needs.
To help you start your search, RateCity has rounded up some of the highest rated car loans for December 2021, based on our rankings.
(Rankings correct at time of publication. Please note that lenders may swap places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)