Canstar announces top rating car loans

For the second year in a row, the Queensland Country New Car Loan has been awarded the prestigious 5-Star Rating for Outstanding Value by Canstar.

In determining its 5-Star Ratings for car loans, Canstar evaluates hundreds of products from a wide range of financial institutions, comparing both cost and features.

Canstar Group Manager of Research and Ratings Mitch Watson said only18 financial institutions had this year earned a 5-Star Rating for new car loans.

“Out of all the personal loan types considered, 5-Star Rated car loans for new vehicles were found to offer the biggest potential savings compared to the market average from Canstar’s database,” he said.

“Of course, there’s more than just interest rates to consider when taking out a loan.

“Canstar considers a range of important features including product flexibility, functionality, the application process, as well as fees and charges.

“Standout features of the Queensland Country New Car Loan include pre-approval, no fees for paying out the loan early, and the ability to borrow the full purchase price of the car, including on road costs and insurance.”

Queensland Country CEO Aileen Cull said the Credit Union worked hard to ensure they offered the very best loans possible.

“We are so proud to have created one of the top car loans in the country,” she said.

“As a customer owned banking organisation, we reinvest our profits into providing real value for our Members.

“To be recognised by a trusted source like Canstar demonstrates we’re providing people with something that can really help them achieve their goals.”


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