Car loan rates are dependent on many different things. They can be determined by:
- Age of the asset to be financed
- Credit worthiness of the applicant/applicants
- The structure of the loan – Business Loan – Consumer Loan – Novated Lease etc.
- The length of the proposed finance term
There are many factors that can change the rate you may be able to achieve, the above is merely some but not all of the possible variables.