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Discover your rate
With our loan options you can choose a variable or fixed rate to suit your needs. Visit our rates page to learn more.
Fewer steps, more help
Our dedicated car-buying and car loan specialists will help find your car, offer flexible finance solutions and negotiate the car price for you.
Personal service
We'll discuss your budget and talk you through your finance options so you can buy with confidence.
Electric car loan rates
We’re committed to helping Australians make the transition to an electric car.
An electric car is solely powered by an electric battery. This does not include hybrid vehicles.
| Asset condition | Variable Interest rate | Comparison rate^ | Fixed Interest rate | Comparison rate^ |
|---|---|---|---|---|
| New and demo | 6.99% p.a. | 7.97% p.a. | 7.14% p.a. | 8.12% p.a. |
| Used | 7.69% p.a. | 8.67% p.a. | 7.84% p.a. | 8.82% p.a. |
Rates are for new loans and are subject to change.
Variable interest rates are not available for business use car loans.
Try our electric vehicle savings calculator
Looking to buy a new car and not sure if an electric vehicle is right for you? Compare the cost of owning an electric vehicle with a petrol/diesel/hybrid vehicle using our calculator.
Macquarie Vehicle Select1
You could save thousands on your next vehicle purchase.
Take the stress out of negotiating with Macquarie Vehicle Select1 our complimentary service to help you buy a car. Our experienced team of car buying specialists can negotiate on your behalf, book test drives and get your trade-in valued. Depending on where you live, we may even be able to deliver your new car, fuelled up and ready to go.
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Useful tools and resources
Electric vehicle model information
View and compare electric vehicles offered in the market to begin your transition to electric.
A simple guide to charging your electric vehicle
The ability to charge an EV is a benefit, not a barrier, to owning one. We know information about charging an EV can seem complex at times, so in this guide, we will help answer some commonly asked questions.
Charging stations near you
View charging locations close to you on the Electric Vehicle Council website#.
Applying online is easy
Submit your application in a few simple steps. Apply if you are 18 years or older and a permanent resident of Australia.
Get a quick quote
Click on Apply Online. Answer a few simple questions and we'll provide a tailored quote with your rate and repayments.
Continue to apply online
Provide information about you, your car, what you earn and what you owe.
Get an answer fast
Once you’ve submitted your application, one of our friendly car loan specialists will review it and get in touch to answer any questions and guide you through the next steps.
- Personal car loans
- Business car loans
Car loans for you and your family
If you're thinking about buying an electric vehicle, talk to one of our car loan specialists about our flexible car loan options.
Commercial car loans for your business needs
If you're thinking about buying an electric vehicle, talk to one of our car loan specialists about our flexible car loan options.
Discover our products
New car loans
Business car loans
Used car loans
New finance enquiries
Submit an enquiry using the request a call form above
Manage your account online
View and manage your car loan online here
Additional information
For all applications submitted from 06 December 2022 Personal Use Car Loans originated directly with Macquarie (and not through a broker) are provided by Macquarie Bank Limited ABN 46 008 583 542 Australian Credit Licence 237502 (‘Macquarie Bank’). All other car and asset loan products and leases are provided by Macquarie Leasing Pty Ltd ABN 38 002 674 982 Australian Credit Licence 394925 (‘Macquarie Leasing’). Please refer to your loan agreement or lease, once available, for your credit provider or lessor. All applications are subject to the satisfaction of approval criteria. Terms, conditions, fees and charges apply.
Car sourcing and related services are provided by Macquarie Leasing. Information on this page does not take into account your objectives, financial situation or needs and does not constitute an offer capable of acceptance. All applications are subject to the satisfaction of approval criteria. Terms, conditions, fees and charges apply.
Rate applies to new loans secured by new and demo vehicles, effective from 17 November 2023 subject to change without notice. All applications are subject to the satisfaction of approval criteria. Terms, conditions, fees and charges apply. Variable interest rates are only available for personal use car loans.
The comparison rate is based on a secured Personal Use Car Loan of $30,000 and a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Macquarie Vehicle Select (“MVS”) is a registered business name of Macquarie Leasing. Use of MVS does not guarantee finance will be provided by Macquarie Leasing or Macquarie Bank. Vehicle sourcing is independent of any application for credit.
Loan applications, refinances and balloon amounts are subject to credit assessment.
Clicking this link will take you away from the Macquarie Bank website. Macquarie Bank makes no guarantee concerning the accuracy of the data and information included on the Electric Vehicle Council website and users should make their own enquiries as to whether the data and information are accurate.