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Mozo can help you save time and money when shopping around for a car loan. Whether you're buying a new or used card, we've got the whole market covered so you can find the best loan for your needs.
We compare 117 car loans from 43 banks
You could save more than $3000 by switching loans**
You can read unbiased car loan reviews on Mozo
7.45%(5 year rate)
7.85%based on $30,000
over 5 years
$285.00 upfront: $/month
8.49%(5 year rate)
9.94%based on $10,000
over 3 years
$210.00 upfront: $0.00/month
8.64%(variable rate)
8.85%based on $30,000
over 5 years
$150.00 upfront: $0.00/month
10.99%(5 year rate)
11.78%based on $30,000
over 5 years
$195.00 upfront: $7.50/month
11.95%(variable rate)
12.73%based on $30,000
over 5 years
$195.00 upfront: $7.50/month
*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
** Saving based on the average difference in fees and charges over the life of the loan between the most competitive product Mozo can refer a consumer to and the average car loan product input by 636 consumers (average balance of $21,753 interest rate of 12.27%, monthly fee of $7.60 and loan term of 5.1 years) who used the Mozo Car Loan Health Check tool between 1 January 2012 to July 2012.
Ok service but exit fees too high
Exit fees are not well explained when I received the car loan. Full review
Exit fees are not well explained when I received the car loan.
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YesShocking discrimination
Discrimination against pensioners who would be able to pay off a car finance is ripe with Toyota Finance, as soon as you mention the word "pension" you're turned away, and then told why you're being discriminated against, they believe pensioners c... Full review
Discrimination against pensioners who would be able to pay off a car finance is ripe with Toyota Finance, as soon as you mention the word "pension" you're turned away, and then told why you're being discriminated against, they believe pensioners cannot pay off a finance for a car, and even when documentation is provided that proves otherwise, they don't care.
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YesWork for their customers, great relationships
Loan organised professionally and quickly. Customer service is excellent. Great response to requests for payout figure. Full review
Loan organised professionally and quickly. Customer service is excellent. Great response to requests for payout figure.
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YesWhen it comes to borrowing money, it pays to do your homework, as the right loan will not inly help you purchase your dream car but own it outright in record speed.
Our database covers all the major providers of new and used car loans, so you can make car loan comparisons across Australia. You can also get the inside story on everything from customer service to hidden fees with car loan reviews from the Mozo community.
Our nifty car loans comparison tools let you quickly filter and compare car loans online according to the features you want, such as variable rate loans, fixed rate loans, the ability to make extra repayments, and so on. Once you have short-listed the best car loans for your needs, you can compare your chosen loans side-by-side.
If you have a loan and you're looking to switch to save on your repayments, try our free car loan health check tool. Simply plug in your details and we'll give you a customised report of the best car loans for your situation.
Cheap car loans will lower your monthly repayments, but always check the terms and conditions as these may have strings attached. It pays to compare your car loan online to check whether you can make extra repayments and close your loan early without being penalised.
Before you compare car loan interest rates online, it helps to decide whether you want a fixed rate or variable rate car loan.
Fixed rate car loans are ideal if you want the security of knowing that your interest rate, and therefore your monthly repayments, will remain the same for the life of the loan. On the downside, you will not benefit from any falls in interest rates over the loan period.
To ensure you get the best loan for your situation, be sure to check features as well as rates and fees when you compare car loan interest rates.
How much can you afford to pay each week or month? Plug the numbers into Mozo's car loan repayments calculator to see which loans will save you the most.
And if you are weighing you the choice between two loans, run them through our car loan comparison calculator and see which one is the better deal.
