Australia’s best car loans of 2021

By Olivia Gee · Last updated Tuesday, 3 August 2021

Fact Checked

From Mazdas to Toyotas and BMWs, Aussies are spoilt for choice when it comes to finding their dream car. But for many drivers, picking up the right set of wheels is only half of the job; the next step is finding the right car loan.

The good news is Mozo has hit the open research road and found best car loans in the 2021 Mozo Experts Choice Car Loan Awards.

Our judges sifted through 89 personal loan products from 88 financial institutions and performed a series of calculations to find the car loans that were not only top value, but budget-friendly.

“Purchasing a car is often recognised as a financial milestone for many people, so having the right car loan under your belt is essential,” said Mozo Experts Choice Judge, Peter Marshall.

“With the range of options available, finding the right product can be difficult. Our awards aim to help Australians with their search by highlighting the products we believe are worth shortlisting.”

So without further delay, introducing the winners for the 2021 Mozo Experts Choice Car Loan Awards.

2021 Mozo Experts Choice Car Loan winners

Beyond Bank Low Rate Car Loan Special Offer
Credit Union SA Online Only Special Fixed Rate Personal Loan
Loans.com.au New Car Loan
MOVE Bank New Car Loan
Orange Credit Union New Car Loan
People's Choice Credit Union Discounted Personal Car Loan
Police Credit Union Fixed Rate Car Loan
Queensland Country Bank New Car Loan
Transport Mutual Credit Union FastRoad New Car Loan

2021 Mozo Experts Choice Used Car Loan winners

Auswide Bank Car Loan
Bcu Car Loan
Gateway Bank Used Car Loan
Hume Bank Secured Personal Loan
Hunter United Cracking Car Loan
Illawarra Credit Union Secured Fixed Personal Loan
Qudos Bank Car Loan
RACQ Bank Fixed Car Loan

Another notable mention was Australian Military Bank and its Car Loan, which was awarded a 2020 Mozo Experts Choice Award in both the Excellent Credit Car Loan and Excellent Credit Used Car Loan category.

The loans.com.au Clean Green Car Loan also took home an award for best Green Car Loan.

About the Mozo Experts Choice Awards

Like most Aussies, you want to make sure you’re getting the best deal on everything from your home loan to credit card, however, understanding the ins and outs of personal finance products might not be at the top of your to do list. That’s why we created the Mozo Experts Choice Awards – to help you find the best products in the market, fuss-free.

If you’d like to find out more information about our 2021 Mozo Experts Choice Personal Loan Awards, head on over to our winners list page.

Olivia Gee

Money writer

As a personal finance writer at Mozo, Olivia investigates insurance, banking and property. After completing a double degree in journalism and media and communications, Olivia became a lifestyle editor at Time Out Sydney and freelanced for notable publications such as Guardian Australia and SBS News. Now she is Mozo’s resident car insurance enthusiast, and is certified (ASIC RG146 Tier 2) to provide general advice in general insurance. She also creates audible finance adventures as co-host of Mozo’s podcast, The Finance Burrito.

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