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11 Feb 2020 Though fixed-rate car loans are still the most popular, lenders are slowly beginning to offer variable-rate options as well. A variable-rate loan
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variable rates. A fixed rate stays the same for a chosen period so your loan repayments stay the same during that time. A variable rate though can move up
9 Mar 2020 Interest on variable interest rate loans move with market rates; interest on fixed rate loans will remain the same for that loan's entire term. If you want to finance your car by taking out a loan, you have two options to choose from when it comes to how you pay your interest rates. variable rates. A fixed rate stays the same for a chosen period so your loan repayments stay the same during that time. A variable rate though can move up A new car loan will usually be secured by the car, and the interest rate may be lower the more the car is worth. Used car loan: Available for buying cars that are up With low rates, no monthly fees and flexible repayment options, we have car loans to suit you and your vehicle. promotional variable interest rate2. 5.56% p.a..