Some of the top-rated car loans in February 2025

Australia recorded 86,804 new vehicle sales in January 2025, marking a 3.3% decline compared to the same period last year. This continues the downward trend seen in the second half of 2024, as ongoing economic pressures impact consumer purchasing decisions, according to the Federal Chamber of Automotive Industries (FCAI).

FCAI Chief Executive Tony Weber highlighted that while demand for hybrid and plug-in hybrid vehicles continues to rise, the market for battery electric vehicles (BEVs) has weakened significantly. He also pointed out key trends shaping the auto industry:

• Hybrid and plug-in hybrid sales are increasing, now making up 17.1% and 2.2% of total new vehicle sales, respectively.
• BEV sales have dropped sharply, accounting for just 4.4% of total sales, the lowest since October 2022. This comes despite the introduction of the New Vehicle Efficiency Standard (NVES) aimed at encouraging cleaner and more efficient vehicles.
• While manufacturers are increasing the range of low-emission vehicles, Weber suggests that further government support is needed to build consumer confidence in EVs if NVES targets are to be met.

Highest selling car manufacturers in Jan 2025

• Toyota – 18,424 sales
• Mazda – 8,322 sales
• Ford – 6,830 sales
• Kia – 5,720 sales
• Mitsubishi – 5,681 sales

Highest selling car models in Jan 2025

• Toyota RAV4 – 5,076 sales
• Ford Ranger – 4,254 sales
• Toyota HiLux – 3,302 sales
• Toyota Prado – 2,847 sales
• Mitsubishi Outlander – 2,090 sales

With cost-of-living pressures influencing car-buying decisions, comparing car loan options is more important than ever. Whether you’re considering a petrol, hybrid, or EV, the right loan could help make your purchase more affordable. For those looking to purchase an environmentally friendly vehicle may qualify for discounts through green car loans offered by some lenders.

These loans may come with lower interest rates or discounted fees when purchasing certain vehicle types. However, it's important to carefully read the terms and conditions and compare the features and benefits beyond just the headline rate and fees. Doing so can help you understand the overall value of a loan to you. You can also find options for both new and used car loans to suit your vehicle choice.

For a quicker and simpler car loan comparison, you could consider using RateCity’s Real Time Ratings™. These simple star ratings reflect the cost and flexibility that each car loan offers at any given time, as they are updated regularly. The top-rated car loans in different categories are ranked on RateCity’s Car Loan Leaderboards, and may be eligible for a RateCity Gold Award.

The top-rated car loans today for those borrowing to buy a new eco-friendly vehicle. Assumes a secured $30,000 loan on a 60-month loan term.

Provider

Real Time Rating™Interest rate p.a.Comparison rate* p.a.Monthly repayment

5.99%

5.99%

$387

Australian Credit Licence 364451

Fees & charges apply

Australian Credit Licence 364451

Fees & charges apply

Green Car Loan

• $3k to $150k
• 0 to 5 years
• Variable Rate
• Secured

5.79%

6.01%

$385

Australian Credit Licence 240573

Fees & charges apply

Australian Credit Licence 240573

Fees & charges apply

New Green Car Loan Fixed

• 2024 Award Winner
• From $5k
• 0 to 5 years
• Fixed Rate
• Secured

5.84%

6.13%

$385

Australian Credit Licence 244533

Fees & charges apply

Australian Credit Licence 244533

Fees & charges apply

Green Car Loan

• 2024 Award Winner
• $1k to $150k
• 1 to 7 years
• Variable Rate
• Secured

5.79%

6.24%

$385

Australian Credit Licence 238317

Fees & charges apply

Australian Credit Licence 238317

Fees & charges apply

Green Car Loan - Exceptional Credit

• $5k to $100k
• 1 to 7 years
• New or used car
• Fixed Rate

5.69%

6.04%

$384

Australian Credit Licence 244310

Fees & charges apply

Australian Credit Licence 244310

Fees & charges apply

Green Car Loan

• $20k to $120k
• 1 to 10 years
• New or used car
• Fixed Rate

The top-rated car loans today for those borrowing to buy a new vehicle up to two years old. Assumes a secured $30,000 loan on a 60-month loan term.

Provider

Real Time Rating™Interest rate p.a.Comparison rate* p.a.Monthly repayment

5.99%

6.37%

$387

Australian Credit Licence 237476

Fees & charges apply

Australian Credit Licence 237476

Fees & charges apply

New Car Loan (NSW, ACT & QLD only)

• 2024 Award Winner
• $5k to $100k
• 1 to 7 years
• Fixed Rate
• Secured

6.48%

6.48%

$391

Australian Credit Licence 238991

Fees & charges apply

Australian Credit Licence 238991

Fees & charges apply

Low Rate Car Loan (Special Offer)

• From $20k
• 0 to 7 years
• New or used car
• Variable Rate

5.79%

5.79%

$385

Australian Credit Licence 240712

Fees & charges apply

Australian Credit Licence 240712

Fees & charges apply

Vehicle Loan

• $1k to $200k
• 5 years
• New or used car
• Variable Rate

6.19%

6.56%

$388

Australian Credit Licence 239933

Fees & charges apply

Australian Credit Licence 239933

Fees & charges apply

New Car Loan (Special)

• $1k to $100k
• 0 to 7 years
• Variable Rate
• Secured

5.66%

up to 20.07%

6.45%

$384

Australian Credit Licence 474726

Fees & charges apply

Australian Credit Licence 474726

Fees & charges apply

Low Rate Car Loan Excellent Credit (Amount > $5000)

• 2024 Award Winner
• $5k to $70k
• 3 to 7 years
• New or used car
• Fixed Rate

The top-rated car loans today for those borrowing to buy a used vehicle two years and older. Assumes a secured $20,000 loan on a 36-month loan term.

Provider

Real Time Rating™Interest rate p.a.Comparison rate* p.a.Monthly repayment

5.99%

6.20%

$387

Australian Credit Licence 238293

Fees & charges apply

Australian Credit Licence 238293

Fees & charges apply

Car Loan (Car 1-5 Years)

• 2024 Award Winner
• $3k to $75k
• 1 to 5 years
• Variable Rate
• Secured

6.48%

6.48%

$391

Australian Credit Licence 238991

Fees & charges apply

Australian Credit Licence 238991

Fees & charges apply

Low Rate Car Loan (Special Offer)

• From $20k
• 0 to 7 years
• New or used car
• Variable Rate

6.49%

6.80%

$391

Australian Credit Licence 241077

Fees & charges apply

Australian Credit Licence 241077

Fees & charges apply

Car Loan (0-5)

• 2024 Award Winner
• $4k to $150k
• 1 to 5 years
• New or used car
• Variable Rate

6.24%

6.58%

$389

Australian Credit Licence 237515

Fees & charges apply

Australian Credit Licence 237515

Fees & charges apply

Chief Car Loan

• From $20k
• 0 to 7 years
• New or used car
• Fixed Rate

5.66%

up to 20.07%

6.45%

$384

Australian Credit Licence 474726

Fees & charges apply

Australian Credit Licence 474726

Fees & charges apply

Low Rate Car Loan Excellent Credit (Amount > $5000)

• 2024 Award Winner
• $5k to $70k
• 3 to 7 years
• New or used car
• Fixed Rate