Fees
We’re transparent about lender’s fees & rates so you can make a decision that’s right for you.
No Hidden Fees
We make it clear what fees and rates you’ll be charged as part of your car loan.
When you obtain an instant quote from Compare Car Loans, we’ll show you lenders that you match with along with the following details about the lender:
- Net repayment
- Interest rate
- Upfront fees
- Monthly fees
- Total costs
Before signing the contract, you’ll receive all the important information again. If you have any questions at this stage, we’re more than happy to explain everything to you!
Our Fees
What fees does Compare Car Loans charge?
We are completely transparent with our fee. As part of Compare Car Loans’ service, we charge a brokerage fee of $990, which is included in the total cost of your car loan. This fee is not payable upfront, but it is paid to us by the lender.
How We Can Help You Save
Compare Car Loans has access to special loans that may not necessarily be available if you were to apply direct. Here’s an example of how applying through Compare Car Loans can help you save money in comparison to applying directly with the lender.
Lender A Applying Directly
Lender A Through Compare Car Loans
Loan Amount
$50,000
$50,000
Loan Term
5 years
5 Years
Interest Rate
7%
5.5%
Brokerage
$0
$990
Establishment Fee
$700
$700
Monthly Repayment
$1004
$987
