Query: What is the difference between a fixed and variable car loan rate?
Context: Most car loans are at a fixed loan rate. A fixed car loan rate remains constant throughout the loan term, providing predictability in your repayments. In contrast, a variable rate may change over time, potentially affecting your monthly payments. Rapid Finance offers both fixed and variable rate options (in some cases), and our team can help you choose the one that aligns with your preferences and financial goals.