Car Loans for Temporary Visa Holders
Getting a car loan as a temporary resident in Australia can be challenging, but it may be possible with the right lender. While many will only accept applications from Australian citizens and permanent residents, others are open to working with temporary visa holders who meet their criteria. Navigating the process can be complex, but Savvy’s […]
Secured Car Loans
A secured personal loan uses an asset as collateral to secure the loan. The most common asset used for these loans is your car, but there are other options available (which you can read about in the next section). In terms of how they work, they’re the same as any other standard personal loan: you […]
What is Negative Equity on a Car Loan?
Negative equity – sometimes called being upside down on your loan – happens when your car is worth less than the amount you still owe on it. This can leave you out of pocket if you want to sell, trade in or refinance your car before the loan is paid off. In this guide, we’ll […]
5-Year Car Loans
Compare and apply for a 5 year car loan Choosing the right term over which to repay your car loan is one of the most important factors that can shape your finance experience. That’s why so many Australians choose five-year terms: it strikes the perfect balance of keeping repayments affordable while not dragging them out […]
Private Sale Car Loans
Buying a used car from a private sale is a great way to save money on your vehicle purchase and car loan as a result. With competitive rates and flexible terms available whether you’re looking to buy for yourself or your business, Savvy can help you compare a range of options to narrow down private […]
Best Electric Cars in Australia 2024
In the market for an electric car? Whether you’re shopping on a budget, looking for the longest range available, a model with all the latest tech or just something that has some zip, it’s crucial to do your research to determine which one is best for you. We’ve broken down some of the best EVs […]
What is an Average Interest Rate on a Car Loan?
What is the average interest rate on car loans? An interest rate is essentially the cost you pay to borrow money. When you take out a car loan, this is the percentage of the loan amount you’ll pay back on top of the amount borrowed. In Australia, the average interest rate on car loans typically […]
Global Electric Vehicle Sales – A Review of The Industry
As part of Savvy’s ongoing research into consumer sentiment, especially in the automotive sector, we look at the global state of Electric Vehicle (EV) sales, trends, and what we can expect in the future. Global EV sales nearly hit 10 million in 2023, with China surpassing 2 million and the US reaching 1 million for […]
Can I Get a Car Loan for Uber Driving?
Uber has established itself as a giant among the growing rideshare industry, opening doors for employment and side-hustles around the country. However, before you start thinking about signing up to become an Uber driver, it’s important to know whether you can get a car loan. That’s where Savvy can help. Find out all about your finance […]
41% of Australians Spending More Than $60 per Week on Fuel, Says Survey
Aussies feeling the pinch at the pump: survey reveals rising fuel costs force change in driving habits 34% of Australians spending between $31-$60 per week on petrol 21% spending between $61-$90, 12% spending between $91-$120 43% say they will “drive less” to mitigate fuel price increases 37% say they will use discount apps; 26% say […]
When is the Best Time to Buy a Car in Australia?
When it comes to making a big financial commitment like purchasing a car, it’s essential to get your timing right. Depending on the time of year you look to buy, you could save plenty on your car purchase, just by waiting for the perfect moment to strike. It’s worth knowing when these times are, so […]
Car Statistics Australia: Car Sales & Car Loans Report
As part of Savvy’s ongoing research into automotive consumer sentiment and broader financial landscape of Australians, we present the latest car finance statistics in Australia. Check back for new and updated statistics as they become available. Total registered motor vehicles reached 21.2 million by 31-Jan, 2023 – a 2.3% increase Toyota is the leading manufacturer […]
