Some of the best car loans in March 2021
Planning a road trip over Easter? Want to finally go and visit those relatives you haven’t seen in what feels like more than a year? If you’re wanting a fresh set of wheels to hit the road, you may be in the market for a car loan.
For a faster and simpler way to find some of the best car loans to suit your needs, RateCity has compiled its Car Loan Leaderboards, which rank car loans in different categories by their Real Time Ratings™, which combine the cost and flexibility of different loans.
(Rankings are correct at the time of publishing. Please note lenders may trade places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)
Green car loans
If you want to see what the fuss is about with electric and hybrid vehicles, or would simply prefer a more fuel-efficient vehicle, a green car loan could be what you’re looking for. While these loans may be limited to specific types of cars, they often offer lower than average interest rates, plus other incentives, such offering to offset the car’s carbon emissions for the life of the loan.
6.95%
6.95%
$396
Australian Credit Licence 238431
Fees & charges apply
Fixed Car Loan (with Low Emission Vehicle discount)
- Special
- From $1k
- 0 to 7 years
- New or used car
- Fixed Rate
6.29%
7.62%
$389
Australian Credit Licence 240960
Fees & charges apply
Discounted Green Car Loan
- From $5k
- 0 to 7 years
- Variable Rate
- Secured
6.89%
7.20%
$395
Australian Credit Licence 240718
Fees & charges apply
Green Road Personal Loan
- From $1k
- 1 to 7 years
- New or used car
- Variable Rate
9.50%
9.54%
$420
Australian Credit Licence 240807
Fees & charges apply
Green Car Loan
- $1k to $75k
- 0 to 10 years
- Variable Rate
- Secured
6.49%
7.61%
$391
Australian Credit Licence 395219
Fees & charges apply
Green Car Loan Fixed
- $5k to $150k
- 3 to 5 years
- Fixed Rate
- Secured
New car loans
Whether you prefer the shine of a brand new car, or at least a vehicle that’s less than two years old, there are car loan options for you. While most of these loans are secured by the vehicle and have fixed interest rates, many of them offer flexible repayment options. This could allow you to make extra car loan payments in order to own your vehicle sooner and save on interest charges.
Used car loans
While new cars are nice, you may prefer the confidence of knowing that your vehicle has proven itself. Loans for buying cars over two years old may offer features such as instant approval, or access to a redraw facility, so you could take extra repayments back out of your car loan if you needed the money in a hurry.
Disclaimer
This article is over two years old, last updated on March 25, 2021. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent car loans articles.
Compare car loans in Australia
6.57%
7.19%
$392
Australian Credit Licence 488228
Fees & charges apply
- $2k to $75k
- 1 to 7 years
- Fixed Rate
- Secured
6.52%
up to 18%
6.95%
$392
Australian Credit Licence 364340
Fees & charges apply
- Via broker
- $10k to $250k
- 1 to 7 years
- Fixed Rate
6.29%
up to 24.99%
7.41%
$389
Australian Credit Licence 511803
Fees & charges apply
- Via broker
- $10k to $300k
- 1 to 7 years
- Fixed Rate
6.57%
7.19%
$392
Australian Credit Licence 488228
Fees & charges apply
- $2k to $75k
- 1 to 7 years
- Fixed Rate
- Secured
6.80%
up to 24.99%
7.56%
$394
Australian Credit Licence 511803
Fees & charges apply
- Via broker
- $10k to $100k
- 1 to 5 years
- Fixed Rate
6.52%
up to 18%
6.95%
$392
Australian Credit Licence 364340
Fees & charges apply
- Via broker
- $10k to $250k
- 1 to 7 years
- Fixed Rate
9.74%
9.95%
$422
Australian Credit Licence 238293
Fees & charges apply
- $3k to $50k
- 1 to 5 years
- Variable Rate
- Secured
10.50%
10.54%
$430
Australian Credit Licence 240807
Fees & charges apply
- $1k to $75k
- 0 to 10 years
- Variable Rate
- Secured
Product database updated 14 May, 2024
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