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Compare Great Wall Motor car loans

Browse financing options for your Great Wall Motor vehicle on RateCity's database of over 90 lenders. Search and compare interest rates, repayments and fees to find a GWM car loan that may work for you.

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Alex Ritchie

Updated on

29 Apr, 2024

Benefits

Can boost your credit score
Spread out the repayment cost
Own the vehicle outright
Drive away today with the vehicle

Drawbacks

Will be charged interest and potentially fees
Vehicles typically depreciate
Risk of repossession if cannot meet repayments

Great Wall Motor, also referred to as GWM, is a Chinese automobile manufacturer that specialises in producing sport utility vehicles (SUVs), pickup trucks, and sedans. It was founded in 1984 and is headquartered in Baoding, Hebei Province, China.

After gaining popularity in China, the manufacturer expanded into international markets as well, including Australia in 2009. As of October 2021, Australia was the largest export market for Great Wall vehicles. It has a reputation as one of the cheapest utes in Australia, and is popular amongst tradies and other drivers looking for a bargain.

How much is a Great Wall car in Australia?

GWM vehicles are considered to be more affordable in terms of drive-away price than other manufacturers, as they are a competitor brand in the Australian market. The price of a Great Wall vehicle significantly, depending on the make and model you are interested in.

Car models are available in the GWM range

At the time of writing, this is the range of GWM car prices in Australia:

Haval H6 SUV - $33,990 - $45,990
Haval H6GT SUV - $40,990 - $46,490
Haval Jolion SUV -$28,490 - $40,990
Ora Hatchback EV - $43,990 - $47,990
Tank 300 SUV - $46,990 - $60,990
Ute - $35,990 - $52,990

Source: Drive.com.au, whichcar.com.au

How much does a GWM Ute cost?

At the time of writing, the popular GWM ute price ranged from $35,990 to $52,990, depending on the variant.

GWM Ute Prices

Year	Variant	Price
2023	GWM Ute Cannon 2.0L Diesel Dual Cab Ute RWD	$35,990
2023	GWM Ute Cannon CC 2.0L Diesel Dual Cab Ute RWD	$36,990
2023	GWM Ute Cannon 2.0L Diesel Dual Cab Ute 4X4	$38,990
2023	GWM Ute Cannon CC 2.0L Diesel Dual Cab Ute 4X4	$39,990
2023	GWM Ute Cannon-L 2.0L Diesel Dual Cab Ute 4X4	$42,490
2023	GWM Ute Cannon-L CC 2.0L Diesel Dual Cab Ute 4X4	$43,490
2023	GWM Ute Cannon-X 2.0L Diesel Dual Cab Ute 4X4	$45,490
2023	GWM Ute Cannon Vanta 2.0L Diesel Dual Cab Ute 4X4	$46,490
2023	GWM Ute Cannon XSR 2.0L Diesel Dual Cab Ute 4X4	$52,990

Source: Drive.com.au.

It’s worth noting that at the 2023 Shanghai motor show, an updated version of the 2023 GWM Ute was unveiled, offering a more luxurious interior amongst other perks and features. We may see this roll out in Australia in due course.

Where are Great Wall vehicles made?

Great Wall Motor vehicles are predominantly made in China and then exported to Australia. In Australia, Great Wall cars were originally launched by an independent distributor, but in 2016 the manufacturer set up a factory-backed distribution operation with a direct line to the headquarters in China.

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Car loans for Great Wall Motor vehicles

If you’re considering purchasing a GWM vehicle, but do not have the funds to pay for it outright, you may be interested in comparing car loan options. As GWM vehicles are considered to be more affordable than others in the market, by choosing this manufacturer you may be able to keep your repayments low with a smaller car loan.

Benefits of a car loan

Spread out the cost: A car loan allows you to spread out the repayments of a vehicle over time, with interest. While this is more expensive over time than paying upfront, it can be easier and more manageable for some buyers to make ongoing repayments than dip into their savings.
Convenience: You’ll be able to drive away today with the vehicle, assuming you gain approval for the car loan, instead of waiting to save up to purchase it. This can offer convenience for some buyers, especially those using a GWM ute for business purposes.
Credit building:Paying off a car loanon time each month demonstrates financial responsibility, which can positively impact your creditworthiness and improve your credit score.
Ownership: Unlike leasing, car loans provide you with ownership of the vehicle once you have paid off the loan. This means you have the freedom to modify or sell the car as you please without any restrictions or limitations.

Risks of a car loan:

Interest charges: As opposed to buying the vehicle outright, a car loan involves paying off interest, and other costs like fees, over the life of the loan. You will always pay more over time with a car loan because of interest charges.
Depreciation: Cars typically depreciate in value over time, so if you took out a longer car loan term and decide you need to sell the vehicle, you may owe more on the loan than the car's value.
Repossession risk:As with any financial product there is a level of risk associated with a car loan. Car loans are typically secured with the vehicle used as collateral. If you cannot make your repayments on time, the lender may repossess your car. Additionally, this can have serious consequences for your credit score and financial situation.

How to compare car loans for Great Wall Motor vehicles

Some car loan options may better suit your financial needs than others when it comes time to purchase your GWM vehicle. The cost and value of your GWM car loan may depend on a range of factors, including:

Interest rate: This determines the interest charges on top of your principal owing. A higher interest rate means higher ongoing interest charges, increasing the overall cost of your GWM loan.
Comparison rate: A comparison rate combines interest costs with most standard fees and charges, providing a more comprehensive assessment of the total cost of the loan.
Fees: These fees may include upfront fees, annual fees, and other ongoing charges.
Features: Certain features, such as the option to make extra repayments and access redraw facilities, can enhance the value of the loan for GWM customers.
Loan term: Car loan terms are typically 1-5 years. Opting for a shorter loan term may lead to higher monthly repayments but ultimately result in lower total costs. Conversely, a longer loan term can reduce monthly repayments but may entail higher overall interest payments for your GWM.

How much could a GWM car loan cost?

Alex Ritchie

Personal Finance Editor

Alex Ritchie is a Personal Finance Writer and Editor at RateCity, and has been writing about Australian finance for over six years. Her expertise and passion covers loans, credit, superannuation, and closing the gender pay gap, and she aims to help young Aussies to overcome their financial apathy. Alongside RateCity, Alex has been published in numerous publications, including Australia's Money Magazine, Business Insider, Lifehacker Australia, and in health via NPS MedicineWise.

This article was reviewed by Personal Finance Editor Mark Bristow before it was published as part of RateCity's Fact Check process.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

How much is a Great Wall car in Australia?

Car models are available in the GWM range

At the time of writing, this is the range of GWM car prices in Australia:

Haval H6 SUV - $33,990 - $45,990
Haval H6GT SUV - $40,990 - $46,490
Haval Jolion SUV -$28,490 - $40,990
Ora Hatchback EV - $43,990 - $47,990
Tank 300 SUV - $46,990 - $60,990
Ute - $35,990 - $52,990

Source: Drive.com.au, whichcar.com.au

Car loans for Great Wall Motor vehicles

Benefits of a car loan

Spread out the cost: A car loan allows you to spread out the repayments of a vehicle over time, with interest. While this is more expensive over time than paying upfront, it can be easier and more manageable for some buyers to make ongoing repayments than dip into their savings.
Convenience: You’ll be able to drive away today with the vehicle, assuming you gain approval for the car loan, instead of waiting to save up to purchase it. This can offer convenience for some buyers, especially those using a GWM ute for business purposes.
Credit building:Paying off a car loanon time each month demonstrates financial responsibility, which can positively impact your creditworthiness and improve your credit score.
Ownership: Unlike leasing, car loans provide you with ownership of the vehicle once you have paid off the loan. This means you have the freedom to modify or sell the car as you please without any restrictions or limitations.

Risks of a car loan:

Interest charges: As opposed to buying the vehicle outright, a car loan involves paying off interest, and other costs like fees, over the life of the loan. You will always pay more over time with a car loan because of interest charges.
Depreciation: Cars typically depreciate in value over time, so if you took out a longer car loan term and decide you need to sell the vehicle, you may owe more on the loan than the car's value.
Repossession risk:As with any financial product there is a level of risk associated with a car loan. Car loans are typically secured with the vehicle used as collateral. If you cannot make your repayments on time, the lender may repossess your car. Additionally, this can have serious consequences for your credit score and financial situation.

Compare Great Wall Motor car loans

Benefits

Drawbacks

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How much is a Great Wall car in Australia?