1.99% car dealer finance myths
1.99% Interest Rate. Sounds too good to be true right? Don’t fall for Dealer Finance Tactics. Choose a trusted Finance Broker for your next car loan!
Won’t affect your credit score
Rating
5.0
Based on 2,200+ Reviews
Award-Winning Brokerage
Don't fall for 1.99% dealer finance
Reason 1
Special and discounted rates of 1.99% finance on a Car Loan are a result of manufacturer subsidisation, meaning your negotiation power of the final price of the vehicle is minimal.
Reason 2
The cars available for these low interest rate car loans are reduced to a small range, usually the stock they are looking to sell quickly.
Reason 3
Low interest rate car loans with 36 or 48 month terms are accompanied by higher repayments and very limited flexibility. The majority of buyers fail to qualify for these Car loans.
Reason 4
Dealers often add a margin to the price of the car to recover for their losses through the low interest rate.
Our 4 step process
lendlab removes the hassle of finding a great-value loan. Our straightforward four-step process saves you time and puts you first—every time.
STEP 1
Complete your rate quote
Get quotes in less than 60 seconds!
STEP 2
Revise your quote
Edit your loan amount and term.
STEP 3
Complete your application
Upload any required documents.
STEP 4
Choose your product
Sign your credit proposal and get approved confidently.
Why choose lendlab for your car loan?
Experienced Broker
An award winning Australian Broker with a Team of Experienced Credit Analysts. lendlab was named “Best Broker Business 2025” by the COG, NFC, UFS Aggregators.
Low Interest Rates
With a panel of 40+ lenders, lendlab has access to competitive interest rates. We workshop on your behalf under a soft credit check, meaning no impact to your credit score.
60 Second Free Quotes
We prioritise our clients needs. We offer Free Rate Quotes for Car Loans in 60 seconds. Quick, effective and efficient.
24 Hour Approvals
Our innovative technology driven portal allows you to apply, upload documents and be approved in as little as 24 hours.
Achieve financial success
At lendlab, we specialise in making personal loans accessible and straightforward. With our flexible options, we make it easy for you to find the right solution without the hassle.
Need a quote? Our process takes just 60 seconds, and applying is a breeze—only 10 minutes of your time is needed!
Plus, our 24-hour approvals mean you won’t have to wait long for the support you need. Let us help you take the next step towards your financial goals today.
What type of car loan?
New car loans
Have your eye set on a new ride? We’ve got you covered at lendlab. Get pre-approved before getting to the dealer.
Used car loans
Looking to purchase a used vehicle? lendlab has multiple options when it comes to car loan term flexibility.
EV car loans
EV Rates starting from 5.67%*, the time to go green has never been better. Get your free rate quote in 60 seconds.
Let our expert credit analysts do the work
Award-winning brokerage
Named ‘Best Broker Business 2025’ by the COG, NFC, UFS Aggregators, our Team of Expert Credit Analysts prioritise your financial goals.
Live online analyst chat
We are there for you every step of the way. We prioritise clear and concise communication, ensuring you are able to make confident and informed financial decisions.
Innovative secure online portal
At lendlab, we’ve simplified the loan application process. You can begin by getting a quote in 60 seconds and then proceeding to complete your full application in just one secure tab.
Soft cedit checks with no impact
Your credit file matters to us. At lendlab, we compare your options on your behalf under a soft credit check, meaning no impact to your score.
Car loan repayment calculator
Use our car loan calculator to help estimate your repayments.
Estimated Repayments*
Our Awards
An award-winning brokerage recognised for broker innovation excellence, lightning-fast approvals and proven trustworthiness.
Car loans FAQ's
Why Should I choose Finance through lendlab Instead of Leasing?
A car loan can be a great option for an individual that is not applicable for novated leasing. Your employer may not offer or be willing to offer novated leasing, so applying for finance through a broker is your next best option.
What Is The Difference Between Secured and Unsecured Loans?
Secured personal loans require collateral, often offering lower interest rates Unsecured personal loans do not require collateral but may have slightly higher interest rates due to increased lender risk.
How Much Can I Borrow?
Loan amounts typically start at $10,000 ranging to an uncapped amount, depending on factors such as income, credit history, and whether the loan is secured or unsecured. Get your free quote in 60 seconds.
How Long Do Car Loan Approvals Take?
With lendlab’s advanced technology, approval for a car loan can be as fast as 24-48 hours, ensuring you get the funds when you need them.
Can I Refinance a Car Loan?
Yes! Refinancing a loan allows you to replace an existing loan with a new one that has better terms, such as a lower interest rate or a longer repayment period.
How Do I Get a Car Loan?
Get your rate quote
Complete full application
Upload your documents
Get approved
How Will Applying Affect My Credit Score?
Requesting a loan quote with lendlab does not impact your credit score. We perform a soft check to provide tailored loan options. A hard check will only occur when submitting to a lender, and you’ll be notified beforehand.
