Car Loans with Money Matchmaker™

Find, compare, apply.

Find the right car loan. Compare real offers from 11 lenders in 60 seconds. Apply with confidence.

“Super quick, I got lots of offers. All I had to do was choose which one! I went with Wisr because they were the cheapest. Thanks” - Angela

Car Loans Australia

With a car loan, the loan is secured against the value of the car that is being financed, which means;

  • Lower, fixed rates
  • Flexible terms and repayment options
  • No deposit required
  • Simple and quick approvals

Car loans are best for people who simply want to buy a car, as car loans generally offer much lower interest rates than personal loans.

Did you know? 90% of all car sales are financed in Australia. That’s almost $3 billion dollars a month in car financing!

Shop around before you buy

Just like you shop around for your perfect ride, do the same with car loans, you’ll have a better chance of negotiating if you know:

  • Exactly how much you can spend
  • The best interest rate you can get
  • How much your repayments will be

Finance at a car dealership might seem quick and easy but be aware of unnecessary extras that may increase the total loan amount and your repayments.

Find the best deal on car loans

Best Car Loans with Money Matchmaker

What lenders are looking for

Lenders love boring, or should we say, consistency!

They love it if you've had the same job forever and have been at the same house since you first left home.

Here's an example of how your employment history can influence your approval.

employment history applicant

How lenders view credit history

A stronger credit history over a longer period of time is favoured.

credit history applicant

The type of car lenders prefer to finance

The lender would prefer to finance new cars over older cars for a couple of reasons, but ultimately are often backed by warranties in case of any mechanical issues. The older the car being financed, the more issues it may have.

age of car being purchased


How long can you get a car loan for?

Usually car loans offered are between two to seven years. The most common is five years. And... most people pay out their loan early so be sure to get a car loan with no fees for early repayment.

How much can you borrow?

How much you can borrow depends on you and the value of the car, but you could borrow up to $100,000, the average being $30,000.

What rate will I pay?

Everyone wants to get the best car loan rates, here is what that will depend on:

  • The type of car you are buying
  • Your personal situation
  • What your credit rating is
  • Your ability to repay the loan

Generally the newer the car, the cheaper it will be. See more about what lenders are looking for below.

How long does it take to get approved?

Most car loan lenders can approve your car loan on the same day you apply. You'll need to be able to supply your ID and proof of your income, eg payslips.

You could expect to be driving your car in 2-3 business days.

Do I need to have a deposit?

The short answer is no. In most cases as long as you can afford to meet the repayments, you can borrow 100% of the cost of the vehicle.

Can I finance any car?

You can finance most cars with a secured car loan. They will generally need to be less than 12 years old at the end of the loan term to qualify.

Buying older cars is still possible with a personal loan.

Where can you get a Car Loan?

You can apply for a car loan with banks, car dealerships, car finance brokers or online lenders.

They all have different products and rates so it can be hard to find the right one for you.

We recommend using our Money Matchmaker™ to do the leg work for you. It's like applying direct with 10 lenders all at once.

What to consider when comparing car loans

A good thing to do, is to write each car loan offer down to do a side-by-side comparison. Always start by asking each lender who has quoted you for the total amount to repay.

This is a really quick way to see what car loan is the lowest cost overall.

Here are 5 things you need to compare when assessing which car loan option is best for you.

  • The interest rate on your loan

Interest is charged by your lender for borrowing the money. It’s essentially how much extra you’ll need to pay back on top of the amount you borrow.

It’s very standard that your repayments will have a fixed interest rate. Variable rates don’t really exist anymore.

  • How long you take out the loan for

This is also called the ‘term’ of your loan. Car loans are usually between two and seven years but most commonly 5 years.

The shorter the term, the less overall interest you will pay.

  • The establishment fee for your loan

This is a one-time fee you’ll pay when applying. You may be able to negotiate this or simply choose a lender who doesn't have one!

  • Any ongoing fees

Try and avoid these where you can - they only add to the amount you have to repay. They’ll be disguised as monthly account keeping fees.

  • Early repayment penalties

Some secured car loans won’t allow for early repayments. If you plan to repay your loan in full before the end of your term, check to see how much (if anything) you’ll be charged.

Lenders will use these fees to make up for the interest charges they’ll miss out if you repay early.

Money Matchmaker™ can find you the best car loan options from 10 lenders for you to compare online. It's obligation free too.

Meet your Potential Car Loan matches

Meet Plenti
  • No Early Repayment Fees
  • No Monthly Fees
  • Get Funds 24 Hours From Approval
Meet Wisr
  • Same day decisioning
  • No admin, early repayment or "risk" fees
  • Support from real people
Meet Society One
  • No ongoing fees
  • No monthly fees
  • No Deposit Required
Meet Fair Go
  • Build your credit score by making timely repayments
  • Once approved, loans are funded in minutes
  • Flexible repayments; weekly, fortnightly, monthly options
Meet Finance 1
  • Pay your loan out early with no fees
  • Change payment dates and frequency at any time
  • Make extra repayments at any time
Meet Greenlight
  • No risk fees
  • Flexible Weekly, Fortnightly & Monthly payment frequency,
  • Make extra repayments at any time
Meet Jacaranda
  • Apply in under 8 minutes
  • Once approved, cash transferred in 60 seconds
  • No early termination fees
  • Approval in 24 hours
  • Balloon options to reduce repayments
  • No ongoing or discharge fees
Meet Money3
  • Pay your loan out early with no fees
  • Increase regular payments to suit your situation
  • Make extra repayments at any time
Meet Now Finance
  • Get a guaranteed, personalised rate in 2 minutes
  • Apply online in under 10 minutes
  • Weekly and fortnightly repayments
Meet Alex
  • $0 establishment fee: offer expires 3NOV21
  • $0 ongoing fees, early repayment fees, exit fees
  • Multi Award winning and 100% digital

Do I qualify?

To qualify for a car loan, you're going to need to have;

  • Regular source of income
  • Over 18
  • Have your driver licence
  • Be a Permanent Resident or Citizen

Find the best deal on car loans


3 Tips for getting your car loan approved

  • Do your research and try not to apply with multiple lenders as it can impact your credit score.
  • Create a budget before applying so you know what you can comfortably afford to repay.
  • Always ask the lender to communicate the single, total dollar amount of what the loan will cost.

How to determine which Car Loan you should get?

You really need to do your research to find the best car loan.

Here is a quick check list?

  • Is it the cheapest rate you can get?
  • Does it have no or the lowest fees possible?
  • Flexible loan features?
  • Does it meet your needs?

The easiest and quickest way is to use our Money Matchmaker™ or read this guide if you want to know what car loan options you have.

Read those Terms and Conditions

It’s super important to read these so you understand any fees or penalties for your loan.

Look for fees payable at the start and during your loan term, this affects the total amount you pay.

Look for:

  • Late payment fees
  • Break fees or early termination fees
  • Stamp duty and on-road costs
  • Referral fees or brokerage fees

The benefits of using Money Matchmaker™ to find your Car Loan

Money Matchmaker saves you time looking for your loan
Save Time

Get matched with real loan offers from up to 11 lenders, all at once.

Money Matchmaker stops you overpaying on your loans
Don't Overpay

We show you the best interest rates and repayments from each lender you match with

Money Matchmaker shows you personal loan rates unique to you
It's Personal

The rates are based on who you are and where you are at in life

Money Matchmaker puts you in control of your loan choices
You're in Control

No obligations, just the facts, make an informed choice

Money Matchmaker is 100% free to use
100% free

There are no middlemen, marked up pricing or broker fees. (We get paid by the lender)

Get matched with your perfect car loan


How Money Matchmaker™ works

Just like when you use a dating app or go to a broker, we use your answers to show you real lenders, real rates and actual repayments across all our lenders that you’re eligible for; without any broker fees or marked up interest rates.

  • You tell us about you and we scan your profile through our Money Matchmaker ™ engine.
  • We give you all the results that you match with, without any advertising or promoted offers, these are the real rates and fees, just like you’d receive when applying directly with a lender.
  • You can then choose the lender you wish to match with.

Money Matchmaker™ has helped people throughout the country including; Adelaide, Newcastle, Sydney, Canberra, Brisbane, Melbourne, Hobart and Perth.

The right car loan can save you $1,000s



Money Pty Ltd,
Suite 3, Level 2,
1 Taylor Street,
Moorabbin, VIC, 3189 Australia


Money Pty Ltd trading as Money
ABN: 42 626 094 773
ACL: 528698
AFCA: 83955

© Copyright 2021 Money Ltd.


Money Pty Ltd (trading as provides information about credit products and is authorised to do so as the holder of Australian Credit Licence 528698. does not compare every Lender in Australia. We are not a broker or credit provider and when we provide information via this website, we are not providing you with a recommendation or suggestion about a particular credit product. When you apply for a credit product via the website, you are not applying with us, you are applying directly with a Lender Partner. Before entering into any credit product from one of our Lender Partners, you should confirm the rates and product information with the Lender. All information on this website is general advice only and does not take into account your objectives, financial situation or needs. You should consider whether this advice is right for you and we encourage you to seek independent financial advice.