Car Finance Australia

Car Loans Australia from 5.49% p.a.

Compare car loan rates from over 50 Australian lenders in one place. New cars, used cars, EVs, refinancing, and every vehicle type covered. Same-day approval available.

Comparison rate 6.12% p.a.* on a $30,000 secured new car loan over 5 years.

4.9/5from 2,000+ reviews

Car Loan Calculator

Loan Amount
$35,000
$5,000$150,000
Interest Rate
6.49%
5.00%15.00%
Loan Term
60 months
12 months84 months
Monthly Payment
$684.65
$2B+
Car Loans Settled
50+
Lender Panel
5.49%
Rates From (p.a.)
Same Day
Approval Available

Rates last updated: 21 February 2026. Not all products from all lenders are available.

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are based on a secured loan of $30,000 over 5 years for vehicle finance and $50,000 over 5 years for equipment finance, as required under the National Credit Code.

Car Loan Types

Every Type of Car Loan, One Place

Whether you are buying new, used, electric, or refinancing, we compare 50+ lenders to get you the best rate for your situation.

New Car Loans

Finance your brand new vehicle with the lowest rates on the market. Dealer vs broker comparison included.

  • Rates from 5.49% p.a.
  • Up to 7-year terms
  • Green car incentives
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Used Car Loans

Competitive rates for quality pre-owned vehicles. Finance cars up to 15 years old with select lenders.

  • Cars up to 15 years old
  • Secured options
  • Private & dealer
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Bad Credit Car Loans

Specialist lenders who work with impaired credit histories. Get behind the wheel even with defaults or bankruptcy.

  • Defaults considered
  • Bankruptcy OK
  • No judgement
Learn More

Secured Car Loans

Use your vehicle as security and access the lowest interest rates available from our lender panel.

  • Lowest rates
  • Vehicle as security
  • Fixed & variable
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Unsecured Car Loans

No asset at risk with an unsecured personal loan for your car purchase. Ideal for older vehicles.

  • No security needed
  • Older cars OK
  • Flexible use
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Electric Vehicle Loans

Discounted green finance rates for EVs and plug-in hybrids. Take advantage of FBT exemptions and state incentives.

  • Green discount rates
  • FBT exempt
  • State incentives
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No Deposit Car Loans

100% finance with no upfront deposit required. Drive away today with nothing down for qualifying borrowers.

  • 100% financing
  • No savings needed
  • Quick approval
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Low Doc Car Loans

Self-employed or ABN holders with limited paperwork? Low-doc options with streamlined verification.

  • ABN holders
  • Self-employed
  • Minimal paperwork
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Private Sale Car Loans

Finance a vehicle purchased privately through Gumtree, Facebook Marketplace, or directly from a seller.

  • Private purchases
  • Valuation support
  • PPSR checks
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Chattel Mortgage

Business vehicle finance with tax-deductible interest and depreciation. Claim GST on the purchase price.

  • Tax deductible
  • Claim GST
  • Business use
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Novated Lease

Salary package your next car through your employer. Save on GST, income tax, and running costs.

  • Salary packaging
  • FBT savings
  • Running costs included
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Refinance Car Loan

Switch your existing car loan to a lower rate and reduce your monthly repayments. Free refinance assessment.

  • Lower your rate
  • Reduce repayments
  • Free assessment
Learn More

Business Car Loans

Fleet finance, ABN holder car loans, and commercial vehicle funding for Australian businesses.

  • Fleet discounts
  • ABN holders
  • Tax benefits
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Ute Finance

Finance your work ute or dual cab. Tradie-friendly options with fast approval for ABN holders.

  • Dual cab & single
  • Tradie specials
  • Business use
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Truck Loans

Light and heavy commercial truck finance. Rigid bodies, prime movers, and everything in between.

  • Light commercial
  • Heavy vehicles
  • Flexible terms
Learn More

Motorcycle Loans

Finance your next motorcycle, scooter, or e-bike. Competitive rates for all types of two-wheeled transport.

  • All bike types
  • New & used
  • Competitive rates
Learn More

Caravan Loans

Hit the road with caravan and motorhome finance. Touring caravans, pop-tops, fifth-wheelers, and camper trailers.

  • All caravan types
  • Motorhomes
  • Up to 15 years
Learn More

Boat Loans

Marine finance for runabouts, cruisers, fishing boats, jet skis, and sailing vessels across Australia.

  • All vessel types
  • Jet skis
  • Marine specialists
Learn More
Vehicle Types

Browse by Vehicle Type

Find the right finance for the vehicle you want to buy.

Why Choose Us

Car Finance Made Simple

Dealer finance markups can cost you thousands over the life of a loan. Our brokers access wholesale rates from 50+ lenders and pass the savings directly to you. There is no cost to use our service — the lender pays our commission.

Same-Day Approval

Get pre-approved in minutes and a formal approval within the same business day for most applications.

50+ Lender Panel

We compare rates from over 50 banks, credit unions, and specialist lenders to find your best deal.

Rates from 5.49% p.a.

Access wholesale broker rates that are often lower than what you would find walking into a bank or dealer.

Free Expert Service

Our brokers are paid by the lender, not you. Professional guidance at absolutely no cost to you.

Get Your Best Car Loan Rate

  • Rates from 5.49% p.a. (comparison 6.12% p.a.*)
  • $5,000 to $150,000+ available
  • New, used, and refinance options
  • Same-day approval for most applications
  • 100% free service — we are paid by the lender
Get a Free Quote
Customer Stories

Trusted by Thousands of Australians

Real customers, real savings. See why Australians choose us for car finance.

Saved me over $3,000 compared to the dealer finance offer. The whole process was smooth and I had approval within hours.

S
Sarah M.
Toyota RAV4 Owner, Sydney NSW

Had a default on my credit file and thought I was stuck. These guys found me a lender at a reasonable rate. Driving my new car now!

J
James K.
Mazda CX-5 Owner, Melbourne VIC

Refinanced my existing loan and dropped my rate by 2%. Monthly payments went from $680 to $560. Wish I had done it sooner.

P
Priya S.
Kia Sportage Owner, Brisbane QLD

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are based on a secured loan of $30,000 over 5 years for vehicle finance and $50,000 over 5 years for equipment finance, as required under the National Credit Code.

Car Loan FAQs

What is the lowest car loan rate available in Australia?
The lowest car loan rates in Australia start from around 5.49% p.a. for secured new car loans with excellent credit. Rates depend on the vehicle age, loan amount, your credit score, and whether the loan is secured or unsecured. Our brokers compare rates from 50+ lenders to find the most competitive option for your specific situation.
How much can I borrow for a car loan?
Most lenders offer car loans from $5,000 up to $150,000 or more for prestige vehicles. The amount you can borrow depends on your income, existing debts, credit history, and the vehicle value. As a general guide, your total vehicle repayments should not exceed 15-20% of your gross monthly income.
Can I get a car loan with bad credit?
Yes, we have specialist lenders on our panel who work with borrowers who have bad credit, including paid and unpaid defaults, Part IX debt agreements, and even discharged bankrupts. Rates will be higher than standard loans, but we work to find the most competitive option available for your credit profile.
Is it better to get a car loan from a bank or a broker?
A broker typically provides access to more competitive rates than going directly to a single bank. Banks can only offer their own products, while a broker compares dozens of lenders to find your best rate. Our service is free because the lender pays the broker commission, not you.
How long does car loan approval take?
Pre-approval can happen within minutes of submitting your application online. Formal unconditional approval typically takes 2-4 hours for straightforward applications, or 1-2 business days for more complex scenarios such as self-employed applicants or those with credit issues.
Should I get pre-approved before car shopping?
Absolutely. Pre-approval gives you a clear budget, strengthens your negotiating position with dealers, and protects you from overpriced dealer finance. Pre-approval typically lasts 30-90 days and does not commit you to borrowing.

Ready to Get Your Best Car Loan Rate?

Get a free, no-obligation quote in minutes. Compare 50+ lenders and save thousands.