Car Loan Interest Rates

Loans starting from 5.49% p.a*

*Comparison rate 7.61% p.a. for a commercial car loan, 0-1 year old vehicle, over a term of 3-5 years.

Looking to get car finance at a great interest rate? You could be closer than you think. Whatever you're looking for, the team at Rapid Finance have a loan and interest rate to suit you. We offer:

  • Flexible rates and repayments
  • Fast application process
  • Rates for new and used cars
  • Tailored solutions

If you haven't found your dream car yet, we could help you find a deal through our wholesale network. Our team can also take care of all the extras, including comprehensive car insurance.

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What are car loan interest rates?

Car loan interest rates are the charges lenders apply to money borrowed for vehicle purchases, expressed as an annual percentage of the loan amount. These rates vary based on the lender's policies, the borrower's credit score, the loan size, duration, and market conditions.

Interest rates can be fixed, remaining constant over the loan's term, or variable, fluctuating with market rates. Borrowers with higher credit scores usually receive lower rates. Factors like the down payment size, vehicle type, and lender promotions also influence the rate. It's advisable for borrowers to shop around for the best rates or use a broker to assist in finding the right deal for you.

Low rates available

Our specialists are interest rate experts

As a Rapid Finance customer, you'll receive a personalised service that aims to do one thing: get you a new car without blowing out the budget. With our help, you could:

We'll do the work. You just enjoy the ride

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Please note: This is an estimate provided for illustrative purposes only, and is based on the accuracy of information provided. It does not constitute a quote. Additional fees and charges may apply dependent on your individual circumstances. Fees such as early repayment costs and establishment fees are not accounted for in the examples of weekly repayments. Interest rates may be subject to change throughout the term of the loan.

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