Rates & pricing
Personal car loan interest rates, October 2026.
The lowest advertised car loan rate across our lender panel is 5.95% p.a. with a 5.95% p.a. comparison rate, from OurMoneyMarket, checked 30 September 2026. Lenders that publish a headline rate advertise from 5.95% to 9.99% p.a.
340 client reviewsAccess to 24+ personal car loan lenders
Lenders on our panel that fund personal car loans.
Today’s car loan rates by lender
Sorted from lowest advertised rate. “From” is the best rate the lender offers to its strongest applicants; the comparison rate adds the lender’s standard fees. Lenders marked “on application” price each deal individually, usually through a broker or dealer.
| Lender | Loan | Advertised rate | Comparison rate | Source |
|---|---|---|---|---|
 OurMoneyMarketLowest advertisedRange 5.95% to 18.99% p.a. OurMoneyMarket prices vehicle purchases under its unsecured personal loan, so the comparison rate is on an unsecured $30,000 loan over 5 years. | Personal loan used for a vehicle | from 5.95% p.a. | from 5.95% p.a. | ourmoneymarket.com |
 MONEYMEMaximum 26.10% p.a. (27.63% p.a. comparison). Lowest rate applies to excellent credit. Lender page last updated 27 July 2026. | Car loan (variable) | from 6.24% p.a. | from 7.13% p.a. | moneyme.com.au |
 RACV FinanceUsed car loan from 7.99% p.a. (8.57% p.a. comparison). Green car loan from 6.49% p.a. (7.08% p.a. comparison). | New car loan | from 6.99% p.a. | from 7.57% p.a. | racv.com.au |
 NOW FinanceRange 7.59% to 15.39% p.a. (8.43% to 16.29% p.a. comparison). Loans of $3,000 to $150,000 over 18 months to 7 years. | Vehicle loan | from 7.59% p.a. | from 8.43% p.a. | nowfinance.com.au |
 PlentiRange 7.99% to 12.99% p.a. (9.78% to 14.75% p.a. comparison). Comparison rate assumes a $14.90 monthly fee. Lender states rates current as at 28 September 2026. | Car loan | from 7.99% p.a. | from 9.78% p.a. | plenti.com.au |
 Automotive Financial ServicesLoans of $5,000 to $150,000 over 2 to 7 years. The higher comparison rate reflects AFS establishment and account fees. | Vehicle loan (fixed) | from 7.99% p.a. | from 12.10% p.a. | afs.com.au |
 WisrRange 8.44% to 20.94% p.a. (9.97% to 22.49% p.a. comparison). Establishment fee $605 to $655 plus a $10 monthly fee. | Secured car loan | from 8.44% p.a. | from 9.97% p.a. | wisr.com.au |
 LibertyLow doc car loans from 8.29% p.a. (comparison rate not published). Lender states rates effective 29 September 2026. | Flexible car loan | from 8.99% p.a. | from 10.65% p.a. | liberty.com.au |
 LatitudeRange 9.99% to 29.39% p.a. (11.66% to 30.97% p.a. comparison). | Car loan | from 9.99% p.a. | from 11.66% p.a. | latitudefinancial.com.au |
 Money3Money3 publishes a maximum rate rather than a minimum. Its comparison rate example is $25,000 over 5 years, not $30,000. Suits credit-impaired borrowers. Lender page last updated 29 September 2026. | Secured car loan | up to 12.95% p.a. | up to 19.30% p.a. | money3.com.au |
 Rapid LoansRepresentative example for a mid-tier ("Silver") risk profile on a secured $30,000 loan over 5 years. Rapid Loans lends to borrowers most banks decline. | Secured car loan | Rep. 18.75% p.a. | Rep. 27.55% p.a. | rapidloans.com.au |
 Allied CreditFunds manufacturer and dealer finance programs. Rates depend on the program and are quoted at the point of sale or through your broker. | Dealer and brand-badged car loans | On application | On application | alliedcredit.com.au |
 Angle Auto FinanceRates quoted through brokers and dealers. A 0.70% p.a. discount applies to eligible electric vehicles. | Consumer car loan (fixed) | On application | On application | angleauto.com.au |
 Australian Motorcycle & Marine FinanceLeisure asset specialist. Rates are quoted through dealers and brokers rather than published. | Motorcycle, boat and jet ski loans | On application | On application | ammf.com.au |
 AzoraPersonalised fixed rate based on your credit profile. No headline rate or comparison rate published. | Personal car loan | On application | On application | azora.com.au |
 Branded Financial ServicesDealer-channel lender. Rates are quoted through the dealership or your broker. | Dealer car loan | On application | On application | brandedfinancial.com.au |
 Finance OneSpecialist lender for impaired credit. Rates are set on the full credit profile and are not published. | Car loan | On application | On application | financeone.com.au |
 FirstmacPriced through brokers. Firstmac does not publish consumer car loan rates on its public site. | Car loan | On application | On application | firstmac.com.au |
 Gamma DuoLoans of $8,000 to $50,000 over up to 5 years, broker-only. No published rates. | Secured car loan | On application | On application | gammaduo.com.au |
 Metro FinanceBroker-only lender. Rates are quoted through your broker. | Consumer car loan | On application | On application | metrofin.com.au |
 Morris FinanceEach application is priced case by case. No published rates. | Personal vehicle finance | On application | On application | morrisfinance.com.au |
 Pepper MoneyPersonalised fixed rate. Pepper quotes after a soft credit check rather than publishing a headline car loan rate. | Car loan | On application | On application | peppermoney.com.au |
 ResimacBroker-only lender. Consumer asset rates are not published on the public site. | Car loan | On application | On application | resimac.com.au |
 UME LoansLends to borrowers outside bank criteria at higher rates. Rates are quoted on application. | Car loan | On application | On application | umeloans.com.au |
| Volkswagen Financial ServicesRates set per campaign and quoted through the dealer. A 1.00% p.a. discount applies to eligible electric vehicles. | Consumer loan (VW Group brands) | On application | On application | vwfs.com.au |
| Yamaha Motor FinanceDealer-channel lender for Yamaha products. Rates are set per campaign and quoted at the dealership. | Motorcycle, marine and outdoor equipment loans | On application | On application | ymf.com.au |
Comparison rates are based on a secured loan of $30,000 over 5 years unless the lender's note says otherwise. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates were taken from each lender’s website on 30 September 2026. Lenders change rates without notice, so confirm the current rate with your broker before relying on it. Lyft Money is a credit assistance provider, not a lender.
What is a comparison rate?
A comparison rate rolls the interest rate and most fees into a single percentage so two loans can be compared on total cost rather than on the headline rate. Australian consumer credit law requires it beside every advertised rate, always on the same example: a secured loan of $30,000 over 5 years. When a lender’s comparison rate matches its interest rate, it charges no fees that count toward the calculation. When the gap is wide, look for an establishment fee or a monthly account fee.
The example is fixed by law, which is why the comparison rate on a $15,000 loan over 3 years will be higher than the one advertised. Your broker gives you the comparison rate for your actual amount and term in the written credit quote.
Why “from” rates are the best case
Every lender in the table prices on risk. The advertised “from” rate goes to applicants with a clean credit file, steady income and, for car loans, a newer vehicle with a sensible loan-to-value ratio. Move away from that profile and the rate moves up the lender’s range, which for several lenders runs past 20% p.a. Two people borrowing the same amount from the same lender can be quoted rates ten points apart.
That is also why the lowest rate on the page is not automatically the cheapest loan for you. A lender with a slightly higher headline rate and no fees can cost less over the term than one with a low rate and a $600 establishment fee, and a specialist lender that approves you at 12% beats a prime lender that declines you.
How to get your actual rate
- Tell us about the loan. The amount, the term, the vehicle and whether it is new or used, and a picture of your income and commitments.
- We match you across the panel. A Lyft Money broker checks which lenders fit your profile and comes back with real options, comparison rates and total repayable, side by side.
- You get it in writing. A written credit quote sets out the rate, the fees and how we are paid before anything is submitted. Nothing goes to a lender without your go-ahead.
What would repayments look like?
- Number of repayments
- 60
- Total interest (est.)
- $6,068
- Total repaid (est.)
- $36,068
This calculator is a guide only. It uses simplified assumptions, excludes fees and charges unless stated, and is not an offer or quote. Actual repayments are confirmed by the lender in its loan contract.
Personal car loan rate questions
What is the lowest car loan rate in Australia right now?
Across the Lyft Money panel the lowest advertised consumer car loan rate is 5.95% p.a. (5.95% p.a. comparison rate) from OurMoneyMarket, with MONEYME from 6.24% p.a. and RACV Finance from 6.99% p.a. for new cars, checked 30 September 2026. These are best-case rates for excellent credit on newer vehicles.
Does a used car cost more to finance than a new one?
Usually, yes. Lenders price older vehicles higher because they hold less value as security. RACV Finance, for example, advertises new car loans from 6.99% p.a. and used car loans from 7.99% p.a. Cars over about seven years old at the end of the loan term attract the biggest loading.
What is a comparison rate?
A comparison rate is the interest rate plus most of the fees a lender charges, rolled into one percentage so you can compare loans on total cost. Australian law requires it beside any advertised consumer rate. It is calculated on a standard example, so your own comparison rate can differ.
Why is the comparison rate higher than the interest rate?
Because it includes establishment fees and monthly account fees on top of interest. When the two rates are the same, the lender charges no fees that count toward the comparison rate. A big gap between the two usually means a large upfront fee.
Will I get the lowest advertised rate?
Only if you match the lender's best profile: a strong credit history, stable income and, for car loans, a newer vehicle. Most lenders on this page price on risk, so the rate you are offered can sit anywhere in the lender's range. Your broker tells you where you are likely to land before you apply.
How does Lyft Money get these rates?
We take each lender's advertised rate and comparison rate from the lender's own website on the date shown and link the source. We update the table by review, not automatically, so always confirm the rate on your written credit quote.
Can I get a car loan with bad credit?
Yes. Lenders such as Money3, Finance One, Rapid Loans and UME Loans specialise in borrowers with defaults or a thin credit file. Their rates are higher, often 12% to 25% p.a., and the comparison rate is higher again once fees are counted. Your broker explains the total cost before you commit.
Is a broker car loan more expensive than going direct?
No. The lender rate is the same, and the broker sees pricing across the panel rather than one lender. In most cases Lyft Money charges a broker fee that depends on how complex the deal is. You receive a written credit quote setting out the fee and how we are paid before anything is submitted.