Calculate your loan for your Tesla Model 3 with RACQ

Loan amount
Loan term
5.99%
Per month
Pros
  • Interest rates ranked in the best 20%
  • Unlimited extra repayments
  • Can apply in branch
  • No ongoing fees
  • Can apply online
  • Green loan
Cons
  • Limited to new cars

What I love about RACQ

RACQ stands out as a preferred choice among customers for several compelling reasons. Their car loans come with a range of attractive features that make them a standout option in the market.

Firstly, RACQ offers competitive interest rates that consistently rank in the best 20%. This means customers can secure loans with favorable terms, helping them achieve their financial goals efficiently.

One of the most significant advantages of an RACQ car loan is the absence of ongoing fees. Customers can enjoy peace of mind, knowing that they won’t be burdened with additional costs during the loan tenure.

Flexibility is another area where RACQ excels. With no early exit penalties, borrowers have the freedom to pay off their loans ahead of schedule, saving on interest and gaining financial freedom.

Other deal-sweeteners and perks

RACQ caters to the convenience of its customers by providing the option to apply online. This streamlined process ensures a hassle-free application experience for borrowers.

As a socially responsible institution, RACQ offers a Green Loan that supports eco-friendly initiatives and projects, making it a preferred choice for environmentally conscious borrowers.

Whether you’re eyeing a brand new car or a used one, RACQ’s car loan caters to both, giving customers the flexibility to choose the vehicle that suits their needs best.

What’s not so great

While RACQ’s car loans come with a range of appealing features, there are a couple of considerations that potential customers should keep in mind.

One drawback is that RACQ’s car loan may have a higher-than-average application fee. This fee should be taken into account when assessing the overall costs of obtaining the loan.

Additionally, customers seeking the convenience of applying for the car loan in person may find it limiting, as RACQ does not offer the option to apply in a branch. Instead, the application process is available exclusively online.

Considering these aspects alongside the benefits will help customers make an informed decision that aligns with their preferences and financial needs.

Overall Rating

RACQ stands out for its fast time to funding. Once approved, customers can expect quick access to the funds they need, making the car-buying process smoother and more efficient.

With all these outstanding features, it’s no wonder that RACV garners praise as a reliable and customer-centric option for car financing.