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Compare car finance in Australia

New, used and refinance car loans from licensed lenders. Compare the published rate, term and any balloon.

  • ✓No credit pull to look
  • ✓Published rates, not estimates
  • ✓Free to compare
  • ✓Financial Claims Scheme up to $250,000
$15,000
$2,000$75,000
5 years
12 months15 years
No lender in this market offers that amount over that term. Adjust either slider and the estimate will come back.
Match me for Car loans

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Ordered by published rate

Offers you can apply for

Sorted on the rate each provider publishes — not on an editorial judgement, and not on what we are paid. Our ratings on rates, fees, transparency, flexibility and service appear on each listing and do not move it up the list.

How we rate
0 offers

We do not compare offers in your state or province yet. Lending rules differ by jurisdiction, and we only list a product where we have checked the rules that apply to it there.

Editorial guide

Everything to know before you apply

Car finance in Australia is a secured or unsecured loan used to buy a vehicle. Bankmatch lists licensed lenders with a live apply link — not a dealer windscreen rate that may include markup you cannot see.

Dealer finance versus a direct lender

A dealer can add a margin to the rate. Arriving with a written offer from a bank or specialist lender is the usual way to keep that margin honest. Compare the p.a., the term, any balloon or residual, and whether the car is the security.

Term, deposit and total cost

A longer term lowers the monthly payment and keeps you owing more than the car is worth for longer. A deposit usually improves the price and reduces that gap. Use the car finance calculator on the same price and term you are being quoted.

If you already have a car loan, refinancing only helps if the new p.a. and any early-exit fee beat the remaining schedule. Compare personal loans if the car will not be security, or match on amount and term.

FAQ

Common questions

Still stuck? Our editorial team answers reader questions weekly.

New or used?

Used cars often carry a slightly higher rate and much lower depreciation. The cheaper loan is the one with the lower total cost, not the lower sticker.

Do I need a deposit?

Not always, but a deposit usually improves the rate and reduces the chance you owe more than the car is worth.

What about gap insurance?

It covers the gap between what you owe and what the car is worth if it is written off. Useful on long terms; check whether it is required.

Can I settle early?

Most lenders allow it. Some charge a fee. The card and the disclosure should say so.