brisbane car loans

Compare Brisbane Car Loans

Are you based in Brisbane and getting ready to treat yourself to a brand new ride? Well, if you’re after some finance to hook you up, then you’re in luck! Here at Mozo, you can compare car loans from lenders who service Brisbane and the Sunshine State so you can find the right one for you.

Brisbane car loan comparisons on Mozo - last updated 16 April 2021

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

    Including Demo, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    4.67% p.a.
    5.22% p.a.based on $30,000
    over 5 years

    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^.

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    Secured Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    4.74% p.a.to 16.01% p.a.
    5.01% p.a.to 16.31% p.a.based on $30,000
    over 5 years

    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 $63,000. Easy online application, receive a response in minutes and approved funds within 24-48 hours!

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    No Fee Secured Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    4.45% p.a.to 15.45% p.a.
    4.45% p.a.to 15.45% p.a.based on $30,000
    over 5 years

    Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 4.45% would cost $33,516.53 including fees.

    Pay zero fees on loans up to $100,000 with NOW Finance. With no establishment fee, ongoing fees or early payout fee. What’s more, get your personalised interest rate in two minutes with no impact on your credit score!

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    Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    4.89% p.a.to 8.89% p.a.
    5.44% p.a.to 9.46% p.a.based on $30,000
    over 5 years

    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.

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    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

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.35% would cost $34,507.61 including fees.

    A quick and easy, 100% online application. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.

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    Car Loan - Excellent Credit

    Fixed, Unsecured

    Interest rate
    comparison rate
    Monthly repayment
    6.39% p.a.to 17.49% p.a.
    6.39% p.a.to 21.0% p.a.based on $10,000
    over 3 years

    Terms from 2 to 3 years. Representative example: a 3 year $10,000 loan at 6.39% would cost $11,510.63 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.

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    Clean Green Car Loan

    New, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    3.97% p.a.
    4.51% p.a.based on $30,000
    over 5 years

    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^.

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    Mozo Experts Choice 2020
    Secured Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    6.79% p.a.
    7.16% p.a.based on $30,000
    over 5 years

    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.

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    Car Loan

    Up to 5 years old, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    5.99% p.a.
    6.63% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 5.99% would cost $35,290.67 including fees.

    Purchase or refinance a new or used vehicle, up to five years old. Choose a loan term from one to seven years. To be eligible you must be over 18, receiving a regular income and an Australian resident.

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^See information about the Mozo Experts Choice Car loans Awards

*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.

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.

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Car loan resources

Reviews, news, tips and guides to help find the best car loan for you.

FAQ

Choosing a car loan provider

You’ll soon find that there are loads of car loan options available in Brisbane from big banks and credit unions to peer-to-peer and online lenders. The lender you go for will ultimately depend on your specific needs and preferences. Hit up our car loan comparison tool to see what’s around.

What can I use my car loan for?

Not everyone can afford to buy a brand new or secondhand vehicle outright, which is why many people opt for a car loan to help cover the initial cost and then pay it back gradually over time (plus interest).

There’s a lot to consider when choosing a car loan. Should you go for a variable or fixed interest rate? Secured or unsecured loan type? Well, it all depends on your current financial situation. But if you find yourself asking these questions, then keep on reading because we touch on it all below!

How do I apply for a car loan?

Nowadays most banks and lenders allow customers to apply for a car loan and submit all the relevant documentation (like proof of identity and income) online. Which means that it probably won’t matter where in Australia you live because you can technically apply from anywhere!

Which lenders in Brisbane offer car loans?

There’s certainly no shortage of car loan lender options in Brisbane. Especially considering that now most lenders allow you to apply for car loans online. Here are some of the different types of lenders you’ll have to choose from:

  • Big banks: If you’re kind of old school, then you might choose to take out a car loan with one of the big banks like Suncorp, NAB, Westpac or the Commonwealth Bank. Just be wary of the fact that they generally offer poorer rates than smaller banks do.

  • Customer-owned banks & credit unions: On the other hand, you might choose to go with a smaller mutual bank or credit union. These guys are usually all about the customers so more often than not they’ll opt to put their profits back into offering better rates to their customers.

  • Peer to peer lenders: Another option is to go with a peer to peer lender. These types of lenders are known to offer different rate tiers according to your credit history. Which means that if your credit report is in good shape then you just might be rewarded with a more competitive interest rate.

What do I need to apply for a car loan?

If you’ve picked out a loan and are ready to apply then here are some of the commonly asked for pieces of information that you might be required to supply in support of your application:

  • Proof of income: This could mean showing the lender bank statements or payslips to prove that you’re in a financial position which would enable you to commit to paying off a loan.

  • Proof of savings: To ensure that you can manage your money responsibly, the lender might ask you to show proof of genuine savings.

  • Proof of liabilities: This could be credit card debt, a home loan or other relevant debt you’ve accumulated.

  • Proof of insurance: Keep in mind that some lenders won’t grant you a car loan until you’ve purchased a comprehensive car insurance policy. You can compare car insurance policies right here at Mozo.

  • Identification: You’ll also be required to provide some form of identification, such as a driver’s license, proof of age card, passport, utility bills, one-to-two year’s worth of tax returns or bank statements.

Other information that you might be asked to provide is:

  • Car VIN number (to verify that the car’s not stolen/has money owing on it)

  • Registration plate

  • Motor number

  • Car make, year and model

Picture of JP Pelosi
JP Pelosi
Managing editor

Jean-Paul (JP) Pelosi is an experienced journalist and editor who has contributed to many of Australia's leading media outlets including The Guardian, News.com.au, Domain.com.au, Investment Magazine and ANZ's Bluenotes. He has also edited news and communications for large financial services companies such as CommBank, Suncorp, Allianz and Amex. He loves a well told story and applying his editorial experience to content that readers both care about and enjoy. JP heads up our writing team.

Brisbane Car Loan FAQs

What types of interest rates do car loans have?

The interest rates that are available will depend on the lender and usually whether the car you are buying is new or going to be secured against the loan. Secured loans usually have lower interest rates than unsecured loans. A lender might offer a variable interest rate or you might get the option to lock in a fixed rate. When you are comparing car loans, it is a good idea to look at the loan's comparison rate. This is a rate that includes interest plus fees so it gives you a more accurate indication of the true cost of a loan.

Do car loans have fees?

Not all car loans will have fees attached. The most common types of fees for car loans include upfront application fees, ongoing monthly service fees and loan termination fees. Most lenders will also have a late payment fee if you skip or miss a payment date. It's a good idea to set up an automatic repayment from your bank account so that you don't ever miss a payment.

What features should I look for in a car loan? 

Some useful features to look for in a car loan are flexible repayment options so you can work your regular repayments around your budget and pay schedule, the ability to make extra loan repayments and a redraw facility, which lets you redraw on any extra repayments you’ve made. Just remember that in some cases, the more features you have means more fees. So don’t let them go to waste!

How much will my car loan repayments be?

Your interest rate, loan term and repayment frequency are all factors that can determine what your car loan repayments will be, so it’s hard to say. But you can use Mozo’s free car loan repayments calculator to get a rough estimate of what your repayments might be.

How can I increase my chances of being approved for a car loan?

Here are a few things you can do to help give yourself the best shot possible at getting approved for a car loan:

  • Maintain a clean credit history: Lenders are generally required to check your credit history to decide whether you’re a suitable loan candidate. So do yourself a favour and put in the work to get that credit score up before you apply so you have a better chance of being approved.

  • Prove that you’re a good borrower: In the months leading up to when you plan on applying for a loan, do everything you can to prove that you’re a good borrower who can responsibly manage their money. A good place to start is by paying your bills on time and making regular deposits into your savings account.

  • Compare, compare, compare: Take the time to see what’s out there by running a car loan comparison at Mozo. Once you’ve found some options you’re happy with, narrow it down to just one loan. Then, make sure to only apply once you feel sure that you’ll be approved. To get a better understanding of which loans you’re likely to be eligible for, use Mozo’s free Rate Matcher Tool which compares loans based on your credit score.

I don’t live in Brisbane, what are my options for getting a car loan?

Nowadays, most lenders allow customers to submit car loan applications online. So as long as you’re based within Australia, then your specific location shouldn’t really matter. By the same token, if you’re keen to do a city-based search then here are our Melbourne and Sydney car loan comparison pages.


Car Loan Reviews

loans.com.au Used Car Loan (Fixed) review
Overall 1/10
Very unprofessional, and pathetic service.

They just wasted my one week for no reason. After completing online assessment, I got a phone call and got pre approval which was useless. And then from that point they start taking me in rounds. Every second day a new person contacts and asks for the same document which I have provided. At last I decided to withdrawal the application. Very unprofessional, and pathetic service.

Read full review

They just wasted my one week for no reason. After completing online assessment, I got a phone call and got pre approval which was useless. And then from that point they start taking me in rounds. Every second day a new person contacts and asks for the same document which I have provided. At last I decided to withdrawal the application. Very unprofessional, and pathetic service.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Nasir, Victoria, reviewed about 6 hours ago
Bank Australia New Car Loan (Fixed) review
Overall 2/10
2 weeks and still no answer regarding a car loan!

Incredibly disappointed with Bank Australia’s car loan application. Particularly given I’m already a bank Australia customer. I have been waiting for 2 weeks regarding even a “conditional approval”. No one has been able to give me an explanation or reasoning as to why the process is taking so long, particularly when other lenders offer a 24-48 hour turnaround. I will be seeking a different lender and will be considering moving my banking elsewhere because of how frustrating this process has been.

Read full review

Incredibly disappointed with Bank Australia’s car loan application. Particularly given I’m already a bank Australia customer. I have been waiting for 2 weeks regarding even a “conditional approval”. No one has been able to give me an explanation or reasoning as to why the process is taking so long, particularly when other lenders offer a 24-48 hour turnaround. I will be seeking a different lender and will be considering moving my banking elsewhere because of how frustrating this process has been.

Price
5/10
Features
6/10
Customer service
2/10
Convenience
2/10
Trust
2/10
Less
Cynthia, Queensland, reviewed 12 days ago
Pepper Money Car Loan review
Overall 1/10
Don't touch with a 10-foot barge pole.

As the rules here prohibit me from expressing my true feelings (no foul language allowed), suffice to say that this company is dubious at best. Terrible customer service, extremely high interest rates, dodgy practices at payout, unexplained charges when transacting, etc. You're better-off going to a bank or simply staying without!

Read full review

As the rules here prohibit me from expressing my true feelings (no foul language allowed), suffice to say that this company is dubious at best. Terrible customer service, extremely high interest rates, dodgy practices at payout, unexplained charges when transacting, etc. You're better-off going to a bank or simply staying without!

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Davis, Western Australia, reviewed 17 days ago

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