Liberty considers a number of factors when deciding whether a customer is eligible for a loan and, if so, what rate they will be charged.
Liberty looks closely at three key factors when deciding what tier (and therefore what rate) to give a customer:
Driva takes the hard work out of figuring out exactly what rate Liberty will give you is done for you. Just enter some basic personal information to see what these tailored rates are from Liberty (and the other lenders on our panel) without impacting your credit score.
Learn: what lenders look for when pricing your loan
Liberty charges a variety of fees for their car finance product. As with all Driva lenders, these fees are included in the monthly repayment shown at the time of your instant quote, which is the best point of comparison when deciding which lender to choose when you're looking for a great rate.
These fees include:
Don't forget that every lender charges fees and that these charges (including any money that lenders pay to Driva) are already built into personalised quotes. The monthly repayment figure you see is exactly what will come out of your account each month and fully inclusive of all costs (bye bye hidden fees!).
Liberty pays us for sending them, high-quality customers. This payment generally includes two components:
As with all lender fees, these are not payable from you to Driva directly and are not required to be paid upfront. Rather Liberty incorporates them into your total loan amount, which is paid off over the life of the loan.
You can not apply with Liberty directly (only through a broker), and all car loan brokers have access to the same rates. This means that if you're seeing a lower rate somewhere else, it could be because other brokers are showing generic comparison rates that will be increased later in the process when it comes to signing the loan contract.
While we know interest rates vary by vehicle age, credit score and living situation, no other car loan companies in Australia have the technology required to instantly calculate rates based on your unique circumstances.
This means that other providers show generic starting rates earlier in the process, and you should always check with your source to see if the interest rates you are seeing are tailored to your specific situation and all fees are accounted for.If you still think our rates are higher than you’re seeing them elsewhere, we’d love to hear from you. Email us at firstname.lastname@example.org.