BOQ Specialist Car Loan
Secured
Buying a car is all about a multitude of choices - colours, makes, models and optional extras. If a car gives you freedom of choice, why be limited to a car loan that doesn't offer the same? We offer a wide choice of tailored car loan solutions and go to great lengths to give the financing that's right for you.
- Comparison rate, from
- Not published
- Establishment fee
- $395
- Monthly fee
- $25
- Borrow
- Not published
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- Not published
- Comparison rate (a year)
- Not published
- Rate type
- Not published
- Security
- Secured
Limits and fees
- Loan amount
- Not published
- Loan term
- Not published
- Establishment fee
- $395
- Monthly fee
- $25
How it compares
Against the other secured car loans we compare. Typical means the middle half of them.
Setup fee
$395
A typical setup fee is $258.
Monthly fee
$25
A typical monthly fee is $8.
Pros and cons
Pros
Nothing stands out.
Cons
- A $25 monthly fee. That adds $1,500 over 5 years, as well as the interest.
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.
- An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.