Choosing the right vehicle finance in Australia is more than just accepting the first offer from a dealership. By comparing car loans, you get the upper hand, helping you understand the total cost and find the best deal that fits your finances.
By comparing car loans, you can discover options that go beyond just the big banks, giving you access to:
Each car buyer will have their own unique budget; therefore, it is easy for you to quickly compare all available features in order to determine which benefits will add value to your finances and ultimately, save you money.
For example, it is simple to filter by perks such as extra repayments without fees or balloon payment options that help keep monthly payments manageable from one month to another.
Car loans are not all created equal. Depending on whether you would like to finance a brand-new vehicle, a used vehicle, or refinance your current car loan, choosing the best type of car loan is very important.
At Loancalculator.com.au we will assist you with finding the right type of lender based on more than 40+ reputable lenders that suit your individual needs.
| Loan Type | Best For | Key Features |
|---|---|---|
| New Car Loans | Cars still under warranty / New or nearly new cars | Often features the lowest interest rates, as the car serves as high-quality security for the lender. |
| Used Car Loans | Private sales or dealership used cars | Flexible terms for older models; lenders may have specific age limits for the vehicle (typically up to 7-10 years). |
| Car Loan Refinancing | Swapping an existing loan for a better deal | Lower your monthly repayments or reduce your interest rate if your credit score has improved or market rates have dropped. |
| Green Car Loans | Electric (EV) or Hybrid vehicles | Specialised discounted rates designed to reward Aussies for choosing eco-friendly transport options. |
| Commercial Car Loans | Business owners and sole traders | Potential tax benefits (like Chattel Mortgages) for vehicles used primarily for business purposes. |
Getting the right finance is simple with this streamlined path to the driver’s seat.
Don’t settle for dealer finance. Use our platform to compare 40+ trusted lenders and find the best rates in Australia.
Have your ID and recent payslips ready. Most lenders require you to be 18+ with a steady Australian income.
Use our car loan calculator to find a monthly or weekly payment that fits your budget perfectly.
Review loan options side-by-side, with no impact on your credit score.
Select your preferred offer. Once you choose, you can be approved and funded in a day.
Yes. ‘Green or EV Car Loans’ for EVs and hybrids often feature rates 0.5% to 1.5% lower than standard finance. Many lenders also waive establishment fees to reward eco-friendly buyers.
