Buying your new car is easier than ever, thanks to this Mozo Experts Choice Award winner

By Ceyda Erem · · 2 min read
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It’s no secret that buying a car can be just as exciting as it is stressful - there’s heaps to organise, plus a decent amount of paperwork to sort through before you’re given the keys to your new ride.

But with more and more Aussies turning to car loans to help seal the deal, it’s not uncommon to see lenders doing their bit to help take the hassle out of buying a new car.

For example, customer-owned bank and multiple Mozo Experts Choice Personal Loan Award winner, MOVE Bank recognised the financial and mental strain car shopping has on Aussies and created the MOVE Bank New Car Loan.

“There’s a confusing array of car loans on the market at the moment, that’s why we’ve decided to keep our car loan simple,” said MOVE Bank CEO, Therese Turner.

“We know buying a new car can be a stressful and time consuming process, so we wanted to help our members get value for money and enjoy a hassle free buying experience.”

And that strategy certainly paid off, MOVE Bank took home three Mozo Experts Choice Awards across the Excellent Credit Unsecured Personal Loan, Unsecured Personal Loan and Car Loan categories.

RELATED: Low rate car loans that’ll have you “On the road again”

Taking the hassle out of choosing your new wheels

Aussies hoping to land a brand new car know that reliability, a clean record and being within budget are key to finding ‘the one’.  And a combination of a lack of time and expertise can make the job of car shopping even harder.

But Aussie car loan borrowers may no longer have to spend hours browsing car sale sites, with a partnership between MOVE Bank and Car Search Brokers Australia making endless car sale scrolling a thing of the past.

“Car Search Brokers Australia use their network of dealerships to find a vehicle and negotiate a price, ensuring that members find a car that is best suited to their budget and lifestyle,” said Turner.

“Car Search has the decades of experience and a national network to locate the best possible car deal.”

RELATED: Here’s how to find the best car loan in 2018

Aside from matching Aussies with the dream car, the free, non-obligation services also offers free RACQ vehicle inspection for used cars over $10,000, vehicle delivery anywhere in Australia, warranty for used cars and clear title guarantee.

“We also offer a dedicated lending specialist who will help guide our members through the entire process - from the initial contact to the purchase of the vehicle,” said Turner.

Just like buying a car, shopping around on a car loan is essential, so if you’re not sold just yet, you can check out some current car loan offers down below, or head over to our car loan comparison tool for more options.

Car loan offers

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 90 car loans.
Last updated 25 December 2024 Important disclosures and comparison rate warning*
  • Used Car Loan

    Fixed, Secured, No vehicle age limit, $5,000-$100,000

    Interest rate
    comparison rate
    Monthly repayment
    6.57% p.a.to 18.99% p.a.
    7.19% p.a.to 21.78% p.a.based on $30,000
    over 5 years

    Get a competitive fixed interest rate on a secured used car loan of up to $100,000 depending on your credit score. No vehicle age limits. Easy online application. Fast pre-approval. Pre-approved funds held for 1 month. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.

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    Details
  • Used Car - Unsecured Personal Loan

    Interest rate
    comparison rate
    Monthly repayment
    6.56% p.a.to 21.99% p.a.
    6.56% p.a.to 22.79% p.a.based on $30,000
    over 5 years

    Competitive fixed rates for borrowers on 1-7 year loans from $5,000 up to $50,000. $0 monthly fees and no early repayment fees to pay. Fast application process on the Revolut app. According to Revolut and subject to loan approval, you'll receive your money into your Revolut account straight away. Eligibility criteria applies.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.56% would cost $35,768.68 including fees.

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    Details
  • New / Demo Car Loan

    Variable, Secured

    Interest rate
    comparison rate
    Monthly repayment
    6.24% p.a.
    7.37% p.a.based on $30,000
    over 5 years

    Low variable car loan rate for purchasing new and demo vehicles from dealers. Personalised loan amounts between $5,000 and $150,000. Flexible repayment options. Choose between the 3 to 7 year loan terms. Good credit history. Stable employment history and Australian citizenship or PR required.

    Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 6.24% would cost $35,880.27 including fees.

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    Details
  • New Car Loan

    Fixed, Secured, $5,000-$100,000

    Interest rate
    comparison rate
    Monthly repayment
    6.57% p.a.to 18.99% p.a.
    7.19% p.a.to 21.78% p.a.based on $30,000
    over 5 years

    Get a competitive fixed interest rate on a secured new car loan of up to $100,000 depending on your credit score. Easy online application. Fast pre-approval. Pre-approved funds held for 1 month. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.

    Compare
    Go to site
    Details
  • Used Car Loan

    Up to 5 years old, Variable, Secured

    Interest rate
    comparison rate
    Monthly repayment
    7.39% p.a.
    8.52% p.a.based on $30,000
    over 5 years

    Used Car Loan with no monthly or ongoing fees, with a fixed rate for the life of the loan. Fast online application. Good credit history. Stable employment history and Australian citizenship or PR required.

    Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 7.39% would cost $36,854.29 including fees.

    Compare
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    Details

* WARNING: 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. 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.

^See information about the Mozo Experts Choice Personal Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.