Rates updated 2 hours ago
Lender | Car Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Interest Type | Vehicle Type | Maximum Vehicle Age | Ongoing Fee | Upfront Fee | Total Repayment | Early Repayment | Instant Approval | Online Application | Tags | Features | Link | Compare |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6.09% p.a. | 7.21% p.a. | $581 | Variable | New | 1 year | $8 | $400 | $34,874 | Featured |
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5.89% p.a. | 6.94% p.a. | $578 | Variable | New | No Max | $10 | $249 | $34,707 | |||||||||
5.79% p.a. | 6.01% p.a. | $577 | Fixed | New | No Max | $0 | $150 | $34,624 | |||||||||
5.99% p.a. | 7.20% p.a. | $580 | Fixed | New, Used | 7 years | $12 | $250 | $34,791 | |||||||||
5.69% p.a. | 6.04% p.a. | $576 | Fixed | New, Used | 7 years | $0 | $250 | $34,540 | |||||||||
5.99% p.a. | 6.28% p.a. | $580 | Variable | New | No Max | $0 | $150 | $34,791 | |||||||||
5.99% p.a. | 5.99% p.a. | $580 | Variable | New | No Max | $0 | $0 | $34,791 | |||||||||
5.99% p.a. | 6.44% p.a. | $580 | Fixed | New, Used | No Max | $0 | $325 | $34,791 | |||||||||
6.25% p.a. | 6.52% p.a. | $583 | Fixed | New, Used | 3 years | $0 | $195 | $35,009 | |||||||||
6.29% p.a. | 7.62% p.a. | $584 | Variable | New | No Max | $0 | $195 | $35,042 | |||||||||
6.74% p.a. | 7.37% p.a. | $590 | Fixed | New, Used | No Max | $5 | $195 | $35,422 | |||||||||
6.95% p.a. | 6.95% p.a. | $593 | Fixed | New, Used | 5 years | $0 | $0 | $35,600 | |||||||||
6.99% p.a. | 7.31% p.a. | $594 | Fixed | New, Used | 7 years | $0 | $249 | $35,634 | |||||||||
7.39% p.a. | 7.61% p.a. | $600 | Variable | Used | No Max | $0 | $150 | $35,974 |
Frequently Asked Questions
The process to obtaining a green car loan is very much identical to a regular car loan, with the addition of factoring in fuel emissions and carbon dioxide value to ensure your vehicle meets ‘green' requirements. Lenders will assess the vehicle you intend to purchase as well as your financial position while ensuring you meet the requirements of being over the age of 18, an Australian citizen or permanent resident and having a regular income.
If you are in the market for a new car and are leaning towards purchasing an eco-friendly vehicle, a green car loan can help save you thousands over the life of your loan. While green cars are generally more expensive upfront, the benefits outweigh the costs as you are not only saving money from fuel efficiency but also interest payments across the entire loan term. As mentioned, it’s important to note green car loans are generally restricted to cars with lower fuel emissions, so not all cars are eligible.