CAR LOANS FROM 5.94%P.A.
In the market for a new or used car? Finance your purchase the right way and apply for a loan with Savvy today!
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CAR LOANS FROM 6.29%P.A
Whether you’re looking for a new or used vehicle, Savvy can help you get into your new car sooner! Compare a wide range of car loan options with us and save. (6.72% p.a. comparison rate)
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IN THIS GUIDE
Looking for the right car loan?
Whether you’re buying your first car, upgrading your family vehicle, refinancing your current deal or adding one to your business, Savvy is here to help. We’re partnered with over 40 lenders and have secured more than 10,000 car loans for our customers nationwide since we opened our doors in 2010.
It’s simple: applying for a car loan has never been easier than it is with Savvy. With our experienced team of brokers based right here in Australia, we’re with you from start to finish to handle the heavy lifting throughout your application and ensure you drive away happy with minimal fuss.
Compare lenders
Compare car loans in Australia from various lenders, with interest rates that vary depending on the borrower's credit score and other factors.
| Lender | Interest rate (p.a.) | Comparison rate (p.a.) | Loan amount (AUD) |
|---|---|---|---|
| Plenti | 6.57% - 24.09% | 6.57 - 26.28% | $5,000 - $65,000 |
| Now Finance | 6.75% - 26.95% | 6.75% - 6.95% | $5,000 - $50,000 |
| Liberty | 7.24% - 19.99% | 7.24% - 21.49% | $5,000 - $80,000 |
| Money Place | 6.52% - 19.19% | 6.95% - 20.77% | $5,000 - $80,000 |
| Finance One | 6.52% - 19.19% | 6.95% - 20.77% | $8,000 - $100,000 |
| Resimac | 6.52% - 19.19% | 6.95% - 20.77% | $8,000 - $100,000 |
Brands We Compare
WHAT OUR CUSTOMERS SAY ABOUT THEIR FINANCE EXPERIENCE
WHAT OUR CUSTOMERS SAY ABOUT THEIR FINANCE EXPERIENCE
Savvy is rated 4.9 for customer satisfaction by 6135 customers.
The Types of Car Loans You Can Choose From
Car Loan Repayment Calculator
How to apply for your car loan with Savvy
Car loan eligibility and documentation
Electric vehicle purchase rebates and incentives
If you’re looking at buying an electric vehicle (EV), it’s worth knowing what incentives are on offer where you live. Here’s a rundown of what might be on the table for you:
| State/territory | Incentive |
|---|---|
| ACT |
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| Northern Territory |
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| Tasmania |
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| Western Australia |
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Correct as of March 2025.
As of the time of writing, there are no active EV rebates or other incentives available in New South Wales, Queensland, South Australia and Victoria.
However, the Federal Government has made eligible EVs and PHEVs exempt from Fringe Benefits Tax, or FBT, up to the (increased) luxury car tax threshold. This makes them an attractive choice for those looking to take out a novated lease for their next vehicle, as you could potentially save thousands of dollars in tax by doing so.
Car loan FAQs
Can I get a car loan without a deposit?
Yes – we can help you get approved for car loans worth up to 100% of your vehicle’s purchase price. In some cases, if you decide to include on-road road costs like insurance, motor vehicle duty and registration, you could borrow more than 100% of its price!
What’s the maximum I can borrow for a car loan?
While you can be approved for the full value of your vehicle, the maximum amount you’re able to borrow will ultimately depend on factors like the value of your car, your income, savings, employment and credit history. We’re partnered with lenders who are able to approve loans for cars worth up to and beyond $100,000, provided you’re able to afford your repayments.
Do I need insurance for my car loan?
Yes – as part of your car loan agreement, you’ll need to take out a comprehensive car insurance policy. We can help you organise that during your loan application process or you can choose your own provider if you like.
Can I add a car loan to my mortgage?
Yes – it’s possible to finance a car by adding it to your mortgage. This might only mean a slight increase in your repayments each week, fortnight or month, but the amount of interest you’d pay overall would be much higher, as you’d effectively be repaying it over 20 to 30 years instead of five.
Can I get a car loan if I’m a temporary visa holder?
Depending on the type of visa you have, we might be able to help you out with approval. Your consultant will let you know if you’re eligible for a loan based on your current visa situation.
Are Centrelink payments accepted on car loan applications?
Yes – we can work with applicants who receive Centrelink income. Just tell us about the benefits you receive and we’ll let you know what we can do!
What is a balloon payment on a car loan?
A balloon payment is a bit like a deposit at the end of your loan: you can nominate a lump sum of the debt to be repaid at the conclusion of your term. They’re most common on commercial loans, but some of our lending partners can include them on standard car loans too. While having one can reduce your repayments, it’s also worth noting that it’ll increase the interest you pay overall.
