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Some of the best car loans in March 2021

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.

Company
Product

Green Road Personal Loan

Real Time Rating™

3.75

/ 5
Interest Rate

4.74

% p.a

Variable

Comparison Rate*

5.01

% p.a

Monthly repayment

$563

Real Time Rating™

3.75

/ 5
Go to site
Company
Product

Green Car Loan (Fixed)

Real Time Rating™

3.44

/ 5

Winner of Best Green Car Loans, RateCity Gold Awards 2022

Interest Rate

4.89

% p.a

Fixed

Comparison Rate*

5.44

% p.a

Monthly repayment

$565

Real Time Rating™

3.44

/ 5
Go to site

special

You could win a $1,000 fuel voucher ~ Ends in 5 months

Winner of Best Green Car Loans, RateCity Gold Awards 2022

Company
Product

Fixed Car Loan (with Low Emission Vehicle discount)

Real Time Rating™

3.34

/ 5
Interest Rate

5.45

% p.a

Fixed

Comparison Rate*

5.45

% p.a

Monthly repayment

$572

Real Time Rating™

3.34

/ 5
Go to site

special

Offset your car’s carbon emissions for the life of the loan
Company
Product

Green Car Loan (Special)

Real Time Rating™

3.47

/ 5
Interest Rate

5.29

% p.a

Variable

Comparison Rate*

5.56

% p.a

Monthly repayment

$570

Real Time Rating™

3.47

/ 5
Go to site
Company
Product

Green Car Loan - Green Car Loan

Real Time Rating™

3.00

/ 5
Interest Rate

6.75

% p.a

Variable

Comparison Rate*

6.79

% p.a

Monthly repayment

$591

Real Time Rating™

3.00

/ 5
Go to site

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.

Company
Product

New Car Loan

Real Time Rating™

4.00

/ 5

Winner of Best New Car Loans, RateCity Gold Awards 2022

Interest Rate

4.59

% p.a

Fixed

Comparison Rate*

4.86

% p.a

Monthly repayment

$561

Real Time Rating™

4.00

/ 5
Go to site

Winner of Best New Car Loans, RateCity Gold Awards 2022

Company
Product

Car Loan

Real Time Rating™

3.99

/ 5

Winner of Best New Car Loans, Best Used Car Loans, RateCity Gold Awards 2022

Interest Rate

From

3.99

% p.a

Variable

Comparison Rate*

4.86

% p.a

Monthly repayment

$552

Real Time Rating™

3.99

/ 5
Go to site

Winner of Best New Car Loans, Best Used Car Loans, RateCity Gold Awards 2022

Company
Product

Car Loan

Real Time Rating™

4.01

/ 5
Interest Rate

From

3.35

% p.a

Fixed

Comparison Rate*

4.95

% p.a

Monthly repayment

$544

Real Time Rating™

4.01

/ 5
Go to site
Company
Product

Car Loan

Real Time Rating™

3.64

/ 5

Winner of Best New Car Loans, Best Used Car Loans, RateCity Gold Awards 2022

Interest Rate

4.99

% p.a

Fixed

Comparison Rate*

5.34

% p.a

Monthly repayment

$566

Real Time Rating™

3.64

/ 5
Go to site

Winner of Best New Car Loans, Best Used Car Loans, RateCity Gold Awards 2022

Company
Product

Better Car Loan Fixed

Real Time Rating™

3.54

/ 5
Interest Rate

5.44

% p.a

Fixed

Comparison Rate*

5.71

% p.a

Monthly repayment

$572

Real Time Rating™

3.54

/ 5
Go to site

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.

Company
Product

Car Loan

Real Time Rating™

3.99

/ 5

Winner of Best New Car Loans, Best Used Car Loans, RateCity Gold Awards 2022

Interest Rate

From

3.99

% p.a

Variable

Comparison Rate*

4.86

% p.a

Monthly repayment

$552

Real Time Rating™

3.99

/ 5
Go to site

Winner of Best New Car Loans, Best Used Car Loans, RateCity Gold Awards 2022

Company
Product

Car Loan

Real Time Rating™

4.01

/ 5
Interest Rate

From

3.35

% p.a

Fixed

Comparison Rate*

4.95

% p.a

Monthly repayment

$544

Real Time Rating™

4.01

/ 5
Go to site
Company
Product

Car Loan

Real Time Rating™

3.64

/ 5

Winner of Best New Car Loans, Best Used Car Loans, RateCity Gold Awards 2022

Interest Rate

4.99

% p.a

Fixed

Comparison Rate*

5.34

% p.a

Monthly repayment

$566

Real Time Rating™

3.64

/ 5
Go to site

Winner of Best New Car Loans, Best Used Car Loans, RateCity Gold Awards 2022

Company
Product

Better Car Loan Fixed

Real Time Rating™

3.54

/ 5
Interest Rate

5.44

% p.a

Fixed

Comparison Rate*

5.71

% p.a

Monthly repayment

$572

Real Time Rating™

3.54

/ 5
Go to site
Company
Product

Used Car Loan (< 5 years, Dealer Only) (Fixed)

Real Time Rating™

3.14

/ 5

Winner of Best Used Car Loans, RateCity Gold Awards 2022

Interest Rate

5.59

% p.a

Fixed

Comparison Rate*

6.14

% p.a

Monthly repayment

$574

Real Time Rating™

3.14

/ 5
Go to site

special

You could win a $1,000 fuel voucher ~ Ends in 5 months

Winner of Best Used Car Loans, RateCity Gold Awards 2022

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

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