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Mini meca 2022

Auswide Bank New Car Loan (Up to 18 months old)

Advertiser disclosure
Interest rate from
4.49% p.a.
Comparison rate from
6.31% p.a.based on $30,000
over 5 years
Upfront fee

Mozo editorial review Auswide Bank New Car Loan (Up to 18 months old) - last updated: 18 November 2021

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What's hot
  • Fixed interest rates from 4.49% (5.10% comparison rate*)
  • 2022 Mozo Experts Choice Award winner
  • Extra repayments permitted
What's not
  • $175 application fee
Mozo snapshot

If you’re thinking of picking up a pre-loved car, then you can’t go past the Auswide Bank New Car Loan, winner of a 2022 Mozo Experts Choice Award for Best Used Car Loan. With fixed rates starting from 4.49% (5.10% comparison rate*) and the option to make additional repayments on your side, you’ll be driving down the highway with your new set of wheels in no time! 

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Key features

With a low fixed rate and repayment flexibility on your side, the Auswide Bank New Car Loan can help make picking up your dream car a breeze. This car loan features a 4.49% fixed rate (5.10% comparison rate*), giving you the ability to lock in your repayments over the life of the loan. You’ll be able to borrow up to $75,000 for seven years and make your repayments on a monthly basis. 

As mentioned previously, while additional repayments are welcome with this loan, there is no redraw facility available so it’s hands off once those extra repayments are made. There is also a $170 upfront fee and a $5 monthly service fee to budget for, plus you’ll be charged a $50 early repayment penalty if you pay the loan before the term ends. It’s also worth mentioning that your vehicle must be purchased from a licensed dealer in order to be eligible for the loan. 

Who is it good for

The Auswide Bank New Car Loan could be a great option for borrowers who like the security of a fixed rate, while having the flexibility to make extra repayments as they see fit.

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Any catches

Just remember, there is a $5 monthly service fee attached to this car loan. While that might not sound like a lot, if you took out a loan for five years, it totals to $250. There is also a $170 upfront fee with this loan and you will be charged a $50 early repayment fee if you pay off the loan early. 


Rates and fees information correct as at 29 June 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


4.49% p.a. fixed

6.31% p.a.based on $30,000
over 5 years






$50 if paid before end of loan term.

Other financial bits



1 Year

7 Years






Vehicle must be purchased from a licenced dealer with a maximum age of 7 years at time of purchase.


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.

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