Best 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

What to look for to get the best car finance deal

The best car loans for an individual will have a low fixed rate and no fees.

This means the interest rate applied to your loan will remain exactly the same for the duration of the loan term. As a general rule, the newer the car you buy, the lower the interest you’ll pay. FOr example, new cars often get a better rate than a 8 year old car.

Ok, so what’s the best Car Loan for you?

Before we look at things like loan features or terms, you’ll need to decide what type of car loan is best for your situation.

Here are all the ways you can finance a vehicle:

  • Secured Car Loans- The most popular and common car loan in Australia. Borrow up to the value of the car, which is then used as security on the loan. Good rates and plenty of lenders to choose from.
  • Bad Credit Car Loan - A secured car loan for people who have an impaired credit file from defaults (paid or unpaid).
  • Low-Doc Car Loan - A secured car loan if you’re self-employed, can’t provide normal application documents or have inconsistent income. May require a personal guarantee.
  • Novated Lease - A type of car loan you can get as part of your salary. Your employer needs to agree, but repayments and other costs are paid using your pre-tax salary.
  • Chattel Mortgage - A secured car loan if you own or run your own business. You have to use the car for your business at least 50% of the time, but you can get some great tax benefits.
  • Operating Lease - A rental agreement where you’ll be given the option of buying the vehicle from the lender at the end of the term and you get the benefits of ownership.
  • Finance Lease - A rental agreement combining the two types above. You’ll be given the option to either trade in the vehicle or purchase it at the end of the term, but the lender gets the benefits of ownership until then.

What’s the best Car Loan for personal use?

The best car loan for personal use will be a fixed-term, fixed-rate car loan.

This is similar to a secured personal loan, and repayments can often be negotiated to weekly, fortnightly or monthly instalments to suit your income frequency.

To qualify for the best car loans, you’ll need to:

  • Have a high credit score
  • Have been in regular, stable employment for two years
  • Have the ability to meet the repayments

Find the best deal on car loans


What’s the best Car Loan for a business?

If you’re buying a car for your business, you’ll usually be able to find a loan that gives your business tax benefits or lets you reclaim the GST you pay on the car.

The most common type of business car loan is a Chattel Mortgage.

This lets your business finance a vehicle and claim back the initial purchase-price GST on your next business activity statement (BAS).

No matter what loan you choose, you’ll need to use the vehicle for at least 51% for your business.

Learn more about how to find your business car loan.

What are the best Car Loan features to look for?

The features of your loan are the extra conditions or restrictions set by the lender.

These are separate from the interest rate or fees you’ll get but can be just as important.

Loan Term

A longer loan term means lower repayments, but higher total interest and fee costs.

A shorter loan is the opposite.

Try to find a loan term that balances repayment affordability with interest and fee savings.

Loan Amount Most car loan lenders have loan minimums of $2,000 and maximums from $50,000 to $75,000.

Loan Flexibility

Different loan features may offer flexibility, or make your loan easier to repay.

For example, some loans allow you to choose whether to repay your loan weekly, fortnightly or monthly to suit your pay cycle.

Others might offer same-day loan approval and payout of funds within 24 hours

Customer service

Throughout your loan term, there’s a good chance you’ll need to get in touch with your lender.

Look at online reviews and find out as much about them as you can to ensure they have good customer service.

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

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.

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.