Top-rated green car loans for your electric vehicle purchase
New car sales figures have seen an overall decline for the first time in 11 months, but electric vehicle (EV) sales continue to rise.
According to the latest figures from the Federal Chamber of Automotive Industries (FCAI), 74,650 new vehicles were sold in October, a year-on-year decrease of 8.1 per cent.
FCAI chief executive Tony Weber said it was clear manufacturers were having challenges with supply chains.
“Automotive manufacturers like all those in the global manufacturing sector are dealing with a microprocessor shortage which is leading to longer wait times to get products to market,” Mr Weber said.
“Australians are continuing to purchase vehicles, and car makers are working to deliver products to our shores.”
Despite a drop in overall sales, FCAI reported an increase in EV sales in October, in line with new state and territory incentives for EVs being revealed throughout the country.
More recently, the federal government released details of the first national Future Fuels and Vehicles Strategy, supported by an expanded $250 million Future Fuels Fund investment. Of this, $178 million is set to be rolled out towards the development of EVs and hydrogen infrastructure.
If you’re looking to make the switch to an EV or other low-emissions vehicle or are shopping for a car with a standard petrol engine, RateCity’s car loan leaderboard could help you find some of the most competitive green, new, or used car loan products to finance your purchase.
To get you started with your research, RateCity has put together some of the top-rated car loans for November 2021.
(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.)
Top-rated green car loans
Top-rated new car loans
Top-rated used car loans
Disclaimer
This article is over two years old, last updated on November 23, 2021. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent car loans articles.
Compare car loans in Australia
6.57%
7.19%
$392
Australian Credit Licence 488228
Fees & charges apply
- $2k to $75k
- 1 to 7 years
- Fixed Rate
- Secured
6.29%
up to 24.99%
7.41%
$389
Australian Credit Licence 511803
Fees & charges apply
- Via broker
- $10k to $300k
- 1 to 7 years
- Fixed Rate
6.80%
up to 24.99%
7.56%
$394
Australian Credit Licence 511803
Fees & charges apply
- Via broker
- $10k to $100k
- 1 to 5 years
- Fixed Rate
6.52%
up to 18%
6.95%
$392
Australian Credit Licence 364340
Fees & charges apply
- Via broker
- $10k to $250k
- 1 to 7 years
- Fixed Rate
6.57%
7.19%
$392
Australian Credit Licence 488228
Fees & charges apply
- $2k to $75k
- 1 to 7 years
- Fixed Rate
- Secured
9.74%
9.95%
$422
Australian Credit Licence 238293
Fees & charges apply
- $3k to $50k
- 1 to 5 years
- Variable Rate
- Secured
10.50%
10.54%
$430
Australian Credit Licence 240807
Fees & charges apply
- $1k to $75k
- 0 to 10 years
- Variable Rate
- Secured
10.70%
11.35%
$432
Australian Credit Licence 241132
Fees & charges apply
- $1k to $80k
- 0 to 7 years
- Variable Rate
- Secured
Product database updated 28 Mar, 2024
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Promoted car loans
New Car Loan
Real Time Rating™
$2k to $75k
1 to 7 years
Fixed Rate
Secured
Interest rate p.a.
6.57%
Comparison rate* p.a.
7.19%
Australian Credit Licence 488228
Product infoNew Car Loan
Via broker
$10k to $300k
1 to 7 years
Fixed Rate
Interest rate p.a.
6.29%
up to 24.99%
Comparison rate* p.a.
7.41%
Australian Credit Licence 511803
Product infoUsed Car Loan
Via broker
$10k to $100k
1 to 5 years
Fixed Rate
Interest rate p.a.
6.80%
up to 24.99%
Comparison rate* p.a.
7.56%
Australian Credit Licence 511803
Product infoNew Car Loan
Via broker
$10k to $250k
1 to 7 years
Fixed Rate
Interest rate p.a.
6.52%
up to 18%
Comparison rate* p.a.
6.95%
Australian Credit Licence 364340
Product infoProduct data updated on 28 Mar 2024