Hybrids and electrics: why loans.com.au think owning a green car is a no-brainer

For some Aussies, using a reusable coffee cup is the way we do our bit for the environment, but others prefer to think bigger - four wheels bigger.

According to Roy Morgan research from July 2018, 51.6% of Aussie drivers over the age of 18 agreed they ‘would seriously consider buying’ a hybrid vehicle, up from 48.7% three years earlier.

If you didn’t know, a green car is a type of vehicle that produces less CO2 emissions - minimising the impact on the environment.

Hybrid cars use a combination of both electricity and petrol to function, while electric cars use only electricity for power.

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

And despite the growing number of Aussies considering an eco-friendly car, it appears that going green is steadily become a trend among drivers.

“A green car should not be seen as a radical choice. It is simply a car that produces less emissions than most other cars in the same category. They generally do that by using less fuel, so you save money on running costs at the same time as you help the environment,” said loans.com.au Managing Director, Marie Mortimer.

“Instead of asking why we should drive a green car, I think we should be asking why we would drive anything but an efficient green car.”

The top of the line

When it comes to the types of vehicles that dominate the green car market, government website, greenvehicleguide.gov.au, found that the top five CO2 Performers in 2018 were:

- BMW i3

- Renault ZOE

- Renault Kangoo ZE

- Tesla Model S

- Tesla Model X

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But while everyone wants to do their bit for the environment, it can often be pricey to do so. With the cost of an electric vehicle ranging from $30,000 - $40,000, it’s not surprising that more Aussie drivers are looking to car loans to help cover the cost.

And since electric and hybrid cars are a bit different than everyday vehicles, many providers have started playing catch up, designing loan products that are a better fit for the new wave of vehicles.

Only last week, the loans.com.au Green Car Loan was awarded the 2018 Mozo Experts Choice Award for Best New Loan Product, a product which according to Mortimer, is already producing notable results.

“We are really proud to receive this expert recognition for an innovative product that took a lot of work to develop. Our Green Car loan has been well received by borrowers already but hopefully this will convince even more people to make the right choice for the environment and their hip pocket,” she said.  

So if you’re ready to get yourself a new set of wheels, you can check out the rest of our award winning car loans by looking through the full winners list for this year’s Mozo Experts Choice Personal Loan Awards

5 car loans to help fund your dream car - last updated 25 June 2022

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

    Home Owner Discount, Including Demo, Variable, Secured

    Interest rate
    comparison rate
    Monthly repayment
    3.74% p.a.
    4.28% p.a.based on $30,000
    over 5 years

    Low variable car loan rate for purchasing new and demo vehicles from dealers. Extra low 3.74% rate (4.28% comparison rate*) for qualifying homeowners. Personalised loan amounts between $5,000 and $100,000. Flexible repayment options. Choose between the 3 to 5 year loan terms.

    Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 3.74% would cost $33,338.96 including fees.

    Details
  • Car Loan

    Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    5.35% p.a.
    5.65% 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 5.35% would cost $34,507.61 including fees.

    Details
  • New Car Loan - Prime Special

    Home Owner Discount, Including Demo, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    5.09% p.a.
    5.64% 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 5.09% would cost $34,442.49 including fees.

    Details
  • Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    6.19% p.a.to 10.29% p.a.
    6.74% p.a.to 10.86% p.a.based on $30,000
    over 5 years

    Enjoy competitively low rate car loans from 6.19% (comparison rate 6.74% 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.

    Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 6.19% would cost $35,357.29 including fees.

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  • Used Car Loan

    Dealer Only, Up to 5 years old, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    6.59% p.a.
    7.14% 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.

    Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 6.59% would cost $35,695.00 including fees.

    Details

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