Every day Mozo’s team of data experts track the interest rates of banks and lenders of car loans and put them on our website for you to compare. Our database comprises car loans from a range of lenders including big banks, mutual banks and peer-to-peer lenders.
Simply plug a few details like your desired loan term into our comparison tool and we’ll give you a listing of loans, along with an estimated monthly repayment amount which can help you to determine whether you can afford the repayments.
Mozo doesn’t offer its own car loans, but we can connect you direct with lenders that do offer car loans. Most of the lenders that we have listed on our website have online applications so you’ll be able to apply within minutes of leaving our site.
On a tight budget but need to drive to and from work regularly? A $5,000 car loan may be just what you’re after. This loan is a good pick for those looking for a ‘bare minimum’ car - no fancy additions or sparkly exteriors, but it’ll do just fine getting you from one place to another! So if you’re looking to minimise your expenses or you’re saving up for other expensive purchases down the track, then a $5,000 loan may be a good fit.
And if a new car depreciates the second you put pen to paper, it might make more sense to you to buy a cheaper or second-hand model. You may be kissing the enticing ‘new car’ smell goodbye, but you can sleep well knowing you’re saving big bucks in the long run.
The kinds of features a $5,000 car loan offers would vary from provider to provider, so it really depends on your needs. For example, if you’re looking to pay the loan off as quickly as possible and minimise your interest bills, a car loan with the option to make free extra repayments would suit you well. Other features to look out for include early repayment penalties and whether there are any fees attached.
Finding a low rate $5,000 car loan can mean saving hundreds of dollars in interest over the life of your loan - that’s a whole lot of money going straight into your pocket to cover other expenses like car insurance. So how can you compare interest rates to find the best deal for you? It’s easy, and one great way to get started is right here on Mozo! Look at our comparison table below to get started.
Including Demo, Fixed, Secured
Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 4.67% would cost $34,096.76 including fees.
Low fixed car loan rate for purchasing new and demo vehicles from dealers. There is no monthly or ongoing fees and early payout options available. Winner of Mozo's Experts Choice Car Loan 2021 award^.
Read our Mozo Review to learn more about the loans.com.au New Car Loan
Terms from 3 to 7 years. Representative example: a 5 year $30,000 loan at 4.74% would cost $33,949.23 including fees.
Low personalised rates, ideal for borrowers with excellent credit. No monthly account fees, no early payout fees, so you can pay off your loan sooner. Borrow between $5,000 and $64,000. Easy online application, receive a response in minutes and approved funds within 24-48 hours!
Read our Mozo Review to learn more about the Wisr Secured Car Loan
Terms from 2 to 5 years. Representative example: a 3 year $10,000 loan at 5.95% would cost $11,538.74 including fees.
Be rewarded for your good credit history with low rates. Plus there are no ongoing fees and you can pay off your loan with no early repayment penalties. Simply apply online and get a quote in minutes.
Read our Mozo Review to learn more about the SocietyOne Car Loan - Excellent Credit
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.29% would cost $34,402.89 including fees.
Bank First Green Loan offers low Car Loan rates to reward you for purchasing a lower emissions vehicle. Free redraw, flexible repayments and no monthly fees.
Read our Mozo Review to learn more about the Bank First Discounted Green Car Loan
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.35% would cost $34,507.61 including fees.
Available for all New and Used cars. A quick and easy, 100% online application with loans up to $75,000. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.
Read our Mozo Review to learn more about the OurMoneyMarket Car Loan
Terms from 3 to 7 years. Representative example: a 5 year $30,000 loan at 4.89% would cost $34,276.58 including fees.
Enjoy competitively low rate car loans from 4.89% (comparison rate 5.44% p.a.) between $10,000 and $100,000 for new, demo and used vehicles. Take advantage of flexible 3, 5 or 7 year loan terms. No early repayment or exit fees. You must be 21 years or over to qualify and earn above $35,000.
Read our Mozo Review to learn more about the Plenti Car Loan
New, Fixed, Secured
Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 3.97% would cost $33,525.38 including fees.
No monthly or ongoing fees. Get a 0.70% discount on your car loan interest rate if you buy a qualifying green car. Winner of Mozo's Experts Choice Green Car Loan 2021 award^.
Read our Mozo Review to learn more about the loans.com.au Clean Green Car Loan
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 6.79% would cost $35,729.09 including fees.
Reach your goal sooner without being penalised with $0 early payout fee. $0 monthly fees. Choose to make either monthly, fortnightly or weekly repayments to suit your income and budget. Winners of Australia's Best Large Credit Union in 2020.
Read our Mozo Review to learn more about the Great Southern Bank Secured Car Loan
^See information about the Mozo Experts Choice Car loans Awards
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Save with deals from the following well-known brands and many more...See all car loan providers