Compare 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

How to compare Car Loans and choose a lender

If you’re going to get yourself a good deal, you need to shop around.

You can literally save thousands in interest and fees.

No one wants to pay more than they have to.

  • The type of car loan you need
  • The type of lender you apply with
  • What makes up a good car loan

Comparing different types of Car Loans

Depending on your personal situation - such as whether you are using the car predominantly for personal or business use - there are a few alternatives worth considering, including:

Secured car loans

Car finance where the loan is secured by the vehicle - i.e. used as collateral on the loan. This is the most popular and common car loan in Australia.

Personal loans

You’ll generally use a personal loan when the car you’re buying doesn't meet the guidelines of a secured car loan - this will generally come down to the age of the vehicle.

Novated Lease

A novated lease is a car loan organised through your employer. You make repayments from your pre-tax salary (which can be a great way to save on costs). Not all employers offer this.

Chattel Mortgage

A chattel mortgage is the go-to car loan for businesses and sole traders. It can offer great GST benefits and depreciation.

Car Lease

A car lease is a type of vehicle finance where a lender will purchase a vehicle and rent it to the borrower over a fixed period.

Find the best deal on car loans


How do I compare lenders?

You can apply for a car loan with a bank, directly at a car dealership, or by using a vehicle finance broker.

Non-bank lenders have a simple online application process and competitive rates.

Banks take longer to process your application and may need more information than non-bank lenders, but might offer cheaper loans.

Car dealerships offer finance as a convenience. It’s unlikely to be the best deal or the cheapest, but it does mean you can get everything done at once.

Vehicle finance brokers are loan experts who can help you get a loan. They’ll help find the right loan for what you need, but they’ll charge a fee which means they’re not always the cheapest option.

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

What do I need to look for when comparing Car Loans?

Comparing car loans by yourself can be difficult. There are lots of things you’ll need to look out for:

  • The interest rate on your loan
  • What type of interest it is (fixed or variable)
  • How long you take out the loan for
  • The establishment fee for your loan
  • Any ongoing fees
  • Early repayment penalties
  • Brokerage fees - if applying through a broker or dealer
  • Balloon amount - if applied to your loan

Seem like a lot? Let’s break it all down.

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

The worst type of 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.

Brokerage fees - if applying through a broker

A broker is someone who can help you find, compare, and apply for a loan. This can be super helpful if you have no idea where to start and you’re making a major financial decision.

Like all professionals, brokers usually charge a fee. This is either open and upfront or may be concealed by secretly increasing the interest rate with the lender.

Balloon amount - if applied to your loan

A balloon payment is a large, singular payment you pay at the end of your term.

You might consider a balloon payment if you want to try and lower your repayments throughout the term.

A balloon payment will not give you a lower interest rate or a cheaper total car loan amount. It will only lower your monthly repayment amount.

At the end of the term, you’ll either:

  • Pay the balloon amount to the lender and clear the remaining loan amount, or
  • Choose to refinance the remaining amount into a new car loan
Bad Credit Car Loans with Money Matchmaker

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,
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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.