Best Car Loans of 2020

On the hunt for a new set of wheels? Then you're probably also on the lookout for a competitive loan. Here at Mozo, we've pulled some of the best car loan deals in the market into the one place, so you can easily compare them side by side.

Best Car Loans  - page last updated January 26, 2020

interest rate
comparison rate*
monthly repayment**

I want to borrow

years

  • 5.49% p.a.

    5.73% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.49% would cost $34,548.78 including fees.

      Compare
    Details
  • 5.50% p.a.

    5.85% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.50% would cost $34,632.09 including fees.

      Compare
    Details
  • mozo-experts-choice-2019

    4.89% p.a.

    5.44% p.a.based on $30,000
    over 5 years

    Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 4.89% would cost $34,277.58 including fees.

      Compare
    Details
  • 5.99% p.a.

    6.63% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.99% would cost $35,290.67 including fees.

      Compare
    Details
  • 5.64% p.a.

    5.99% p.a.based on $30,000
    over 5 years

    Terms from 1 to 10 years. Representative example: a 5 year $30,000 loan at 5.64% would cost $34,748.53 including fees.

      Compare
    Details
  • 6.79% p.a.

    7.16% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 6.79% would cost $35,729.09 including fees.

      Compare
    Details
  • 7.99% p.a.

    8.35% p.a.based on $30,000
    over 5 years

    Terms from 1 to 10 years. Representative example: a 5 year $30,000 loan at 7.99% would cost $36,738.90 including fees.

      Compare
    Details
  • mozo-experts-choice-2019

    4.19% p.a.

    4.73% p.a.based on $30,000
    over 5 years

    Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 4.19% would cost $33,704.30 including fees.

      Compare
    Details

Want more car loan options?

Compare by car loan type

Browse all 199 car loans in Mozo's comparison database

Your selected car loans

*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 calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

**Representative example figures and monthly repayment figures are estimates only, based on the advertised rate, mandatory fees, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Car Loans Awards

Switch & Save Calculator

How much could you save by switching your car loan? Compare savings from over 500 car loans. Find out in a few clicks.

Get started

Advertisement

Car loan resources

Reviews, news, tips and guides to help find the best car loan for you.

Car Loan Reviews

Toyota Finance Car Loan review
Overall 9/10
Great deals and excellent customer service.

Great 0% finance deal on my last purchase.

Read full review

Great 0% finance deal on my last purchase.

Price
9/10
Features
3/10
Customer service
9/10
Trust
9/10
Less
Carrie, South Australia reviewed about 1 month ago
ANZ Car Loan review
Overall 5/10
Ok.

Ok, could be better.

Read full review

Ok, could be better.

Price
6/10
Features
5/10
Customer service
6/10
Convenience
3/10
Trust
6/10
Less
Jasmin, New South Wales reviewed about 1 month ago
St.George Car Loan review
Overall 7/10
Recommend St George!

Great to deal with and ease of process.

Read full review

Great to deal with and ease of process.

Price
7/10
Features
4/10
Customer service
8/10
Convenience
7/10
Trust
9/10
Less
Alison, Western Australia reviewed about 2 months ago

Car loan guides

Calculators