You should have gone to a broker that doesn't charge outlandish...

You should have gone to a broker that doesn't charge outlandish comms for the product.

Consumer rates in the 5% range are decent, especially if you want to pay the loan out faster. It is all about the comparison rate net of fees for asset finance, or just check the total repayment. But most banks just want to lend to business in this space and they are getting rates a lot lower.

But as everything is rate for risk these days, it would have depended on and been impacted by;

1. The loan amount
2. The loan term
3. Credit score- preferably over 800
4. The age of the vehicle offered for security
5. The type of vehicle offered as security