Car Loans

Compare Car Loan rates in seconds

Our aim at Select and Switch is to give you access to some of the best offers in the market and to help you save time and money. That is why we have partnered with CarClarity, Australia’s first car loan platform to use smart technology to find you low-rate finance offers from 35+ lenders and over 1,000 loan options and products.
If you’re looking for a used car loan, a new car loan, or a business car loan, we can help you
find a great interest rate in 60 seconds.

Compare 35+ Lenders & 1,000+ Loan Options in just 60 Seconds

Compare 1000+ loan options based on your personal circumstances.

Car financing can be a confusing and complicated process, but with a simple easy-to-use platform  you can save time and money by comparing multiple car loan options matched to your personal circumstances. Receive the 3 best matches without impacting your credit score in only 60 seconds. 

Experienced Car Loan Experts are available to guide you through every step of your car financing journey and help ensure that you get the best rates from a range of leading lenders.

The easy online application process lets you find and apply for a great low-rate car loan in only minutes and get approved in as little as 24 hours.*

*91% approval rating is based on customers who utilised CarClarity’s loan platform and applied for a loan from CarClarity’s panel of lenders between October 1, 2022, and February 28 2022.

Refinance Options


Lenders vary with minimum and maximum loan amounts. This can range from $1,000 to $250,000. Your income, living situation, and credit score all play a role in the amount of money you can borrow for a car loan.

Select & Switch offer comparisons and loan applications for car loans. The process can be faster and less time-consuming than obtaining a car loan from a bank, other finance companies or a dealership. Comparing loans through our providers allows you to get the best deal on offer at the time.

You don’t need a deposit to get a car loan, but it can help with the application process and lower your repayments. There are lenders who require a 10-20% deposit and others who will let you finance the entire value of the car.

Rates fluctuate frequently, so keep an eye on them before you apply for a loan. Consider both the comparison rate and the interest rate. With the comparison rate, you can get a good idea of how much your loan will cost and what your monthly payments are going to be.

Depending on whether you’re using the car for business or personal use, lenders may offer different interest rates. Consult your lender or accountant if you plan to use the vehicle for both purposes. Interest rates may also be affected by your credit score and income.

When you have made your regular repayments on your loan, a balloon payment is due at the end of your period. You may opt to make a balloon payment. This reduces your regular monthly payments in exchange for paying a lump sum to the lender at the end of your loan.

Over the course of the loan, a balloon payment will lower your repayments.

A balloon payment can be costly, so make sure you budget for it ahead of time. To pay off the lump sum and interest, you don’t want to take out another loan.

Generally, car loans are secured, which means your car serves as security. Your car can be repossessed and sold if you fail to pay back your loan on time.

Alternatively, you may be able to get an unsecured car loan without putting up your car as collateral. Your borrowing power will be limited and your interest rate will be higher. Loans without collateral are usually reserved for used cars with much lower loan values.

Comparison rates include both interest rates and extra fees in one figure. A monthly service fee, an application fee, or a default fee may be included in this category.

Ensure you compare the same loan amount and term when shopping around and comparing rates; otherwise, the rates will be skewed.

The monthly account fee for a two-year loan, for instance, may be $5 per month for 24 months totalling $120. At the same interest rate, the monthly fees for a four-year loan would be $240.

Feel free to reach out if you need assistance with comparison rates. You can count on our expert team to assist you throughout the entire process

Getting a better deal on a car loan is just like refinancing a home loan. If you want lower monthly payments or additional flexibility, refinancing can be beneficial.

Refinancing is usually only considered if you are meeting your current car loan payments. It is much more likely that you will be approved for a new loan if you do not miss payments.

With a refinance, you could:

  • Make adjustments to the loan amount.
  • Reducing your monthly payments.
  • Variable interest rates are lower.
  • Invest in a fixed rate mortgage.
  • Get your loan paid off faster by reducing the term.
  • Reduce your repayments by extending your loan term.
  • Redraw facilities and other new features are available.

Ensure that you are aware of any early exit fees that may apply to your current loan contract. Savings should not outweigh fees. The remaining balance of your old loan is paid off by the new lender when you refinance a car loan. Close your old account to prevent any interest or fees from being charged.

This is dependent on the lender as well as your financial situation. The approval process can be fairly quick if you have a good credit score.

Our team at Selection & Switch understand that time is of the essence when it comes to securing new cars and financing them. So, please don’t hesitate to reach out with any questions you may have.

Using Select & Switch to compare car loans won’t affect your credit score. Soft credit checks (sometimes called soft inquiries) are part of the initial quotes we present to you. Preapproval tools or background checks are often used by lenders.

Your credit report will show the soft check, but your credit score will not be affected. In order to prevent lenders on our panel from declining your application, we run soft checks.

Select & Switch will conduct a hard inquiry when you apply for a car loan. When you apply for a loan, a lender will check your credit report. Your credit score will be affected by hard inquiries.

Find The Best Fuel Card For Your Business

Things To Know

Select & Switch has partnered with CarClarity. CarClarity is an online financial comparison service and is owned and operated by CarClarity ACL Pty Ltd ABN 50606 243 243 / ACN 606 243243 and Australian Credit License 478 874. CarClarity provides you access to our expert team who can assist in selecting car loans from our panel of 30+ lenders and over 1000 financial services products. The financial products compared on this website do not necessarily compare all features that may be relevant to you and CarClarity does not compare all rates in market. All applications are subject to the credit provider’s credit assessment and loan eligibility criteria. Terms, conditions, fees and charges apply. Information provided is factual information only and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. CarClarity & Select & Switch may receive a commission from the lender to provide this service.

Let us help you find a great value EFTPOS solution.

(Uploading your prior processing statements will help us tailor a proposal just for you and your business)

By clicking 'Submit' you acknowledge that you have read and agree to our Privacy Policy, Terms & Conditions, and consent to us providing your details to our merchant partners and consent to them contacting you about the Eftpos products and services they provide.


Compare rates from some of Australia’s leading energy providers for FREE

Let us find the Best Solution for you