2019 Mozo Experts Choice Awards reveal some of the market leading car loans

So you’ve found the perfect car but it’s a little out of your price range, it’s a familiar story most Aussies encounter at least once in their lives. 

But rather than walking away from their dream set of wheels, savvy Aussies are opting to instead take out a car loan to seal the deal. 

Although let’s face it, shopping around on car loans is a little less exciting than heading down to the car dealership - that’s where our 2019 Mozo Experts Choice Personal and Car Loan Awards really shine. 

The Mozo Experts Choice Awards were created to highlight the products and providers in the market our expert judges believe are worth their salt. For our 2019 Mozo Experts Choice Car Loan Awards, our judges analysed 286 personal loan products from 78 Australian financial institutions before awarding the top performers in each category. 

The expert judges performed three calculations based on the assumed loan of $30,000 over five years. Products were then ranked from the lowest to the highest cost based on this calculation. 

RELATED: How going green with your car loan could help you save big bucks

Some of this year’s notable winners included:

IMB Bank who were awarded a 2019 Mozo Experts Choice Award in the Car Loan category 

- Suncorp receiving two 2019 Mozo Experts Choice Awards in the Used and regular Car Loan category 

loans.com.au who also picked up two 2019 Mozo Experts Choice Awards in the Car Loan and Green Car Loan category 

Credit Union SA who were awarded a 2019 Mozo Experts Choice Award in the Car Loan category 

MOVE Bank who were also crowned 2019 Mozo Experts Choice Personal Loan Provider of the Year 

“When you look at this year’s winners list, there are a lot of previous winners in the mix, like loans.com.au, MOVE Bank and Suncorp,” said Mozo expert judge, Peter Marshall. 

“Repeat winners like these are always great to see, because it means that these products still deliver amazing value to borrowers.” 

So if you’d like to find out who else made it onto this years winners list, head on over to our 2019 Mozo Experts Choice Car Loan Awards winners list page. 

And if you’d like more information about our Mozo Experts Choice Awards, check out our methodology report.

*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.

Compare car loans - last updated 13 August 2022

Search promoted car loans below or do a full Mozo database search . Advertiser disclosure
  • New Car Loan - Special

    Home Owner Discount, Including Demo, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    5.69% p.a.
    6.24% p.a.based on $30,000
    over 5 years

    Eligible for homeowners only. 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^.

    Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 5.69% would cost $34,940.17 including fees.

    Details
  • Car Loan

    Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    6.25% p.a.
    6.87% p.a.based on $30,000
    over 5 years

    Available for all New and Used cars up to 7 years. 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.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.25% would cost $35,258.67 including fees.

    Details
  • Clean Green Car Loan

    Home Owner Discount, New or Used, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    4.99% p.a.
    5.54% p.a.based on $30,000
    over 5 years

    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^.

    Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 4.99% would cost $34,359.97 including fees.

    Details
  • Used Car Loan

    Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    7.99% p.a.
    8.60% p.a.based on $30,000
    over 5 years

    Enjoy a quick application process and no monthly fees on NRMA used car loans. Finance also available motorcycles, caravans and motorhomes. Low fixed interest rates with terms of up to seven years. Plus, NRMA Blue Member benefits apply so you could enjoy even lower rates as an NRMA Member**.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 7.99% would cost $36,987.90 including fees.

    Details
  • Used Car Loan

    Home Owner Discount, Dealer Only, Up to 5 years old, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    6.49% p.a.
    7.04% p.a.based on $30,000
    over 5 years

    Eligible for homeowners only. 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^.

    Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 6.49% would cost $35,610.64 including fees.

    Details

^See information about the Mozo Experts Choice Personal Loan Awards

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