Fixed Rate Car Loans at Downtown Toyota

With all the amazing offers happening at Downtown Toyota, there has never been a better time to get a new or used car on a fixed rate car loan.

When it comes to a car loan, there are two types of loans you can acquire: a fixed-rate or a variable rate. Both have their own pros and cons, but when it comes to knowing exactly how much money will be withdrawn from your account on a continuous basis, a fixed-rate loan is the clear option.

Benefits of a fixed rate car loan

Fixed rate car loans can help you avoid the financial stress that arises when interest rates spike. Given you are locked into a set rate for the life of a loan, the loan lender is not allowed to make any unexpected changes to your repayments.

The primary advantage of a fixed rate car loan is stability it offers and the protection it offers against possible future rate rises. As a borrower, you know the exact amount of each repayment and the fact that it is locked in for the life of the loan. Fixed rate loans give you a certain level of assurance, such as a fixed repayment and also affords you the ability to make extra repayments.

If you have any questions at all, please speak with our team or submit a finance enquiry online.

Talk to one of our team members at Downtown Toyota today and drive away in a new or used car with complete peace of mind you are getting the best service possible. You will also enjoy the certainty of the same low repayments for the duration of your fixed rate car loan, plus no ongoing fees.

Our finance specialists work with you so you can drive away in a new or used car as soon as possible. You can borrow as little as $5,000 for a used vehicle up to 10 years old and as little as $10,000 for a new car. Contact Us to today and we can help you kickstart your next adventure.