We’re innovating for a better future

We're the first Australian banking group with a specialised electric vehicle buying service that helps you transition to an electric car easily.

Macquarie Vehicle Select

Making it easier to find the right electric vehicle

We can help you to:

  • find the right electric vehicle
  • organise electric vehicle test-drives
  • depending on where you live, we may even be able to deliver your new car, charged and ready to go.

We do the negotiating for you

We can help negotiate on your behalf and organise the trade in of your old car. Ask Macquarie Vehicle Select.1

Competitive rates from 4.99% p.a.*^

We’re committed to helping Australians make the transition to an electric car. That's why we offer lower rates for electric vehicle car loans, compared to petrol and diesel car loans.

Frequently asked questions

New South Wales

The NSW Government has proposed a range of new measures to make electric cars more affordable for drivers, including rebates and a reduction in upfront costs. To find out more, visit the NSW Government website.

 

Victoria

Electric cars purchased after 2 May 2021 may be eligible for a subsidy of $3,000. To find out more, visit the Victorian Government website

 

Australian Capital Territory

Electric cars may be eligible for a full stamp duty exemption and two years free registration. To find out more, visit the ACT Government website

 

Tasmania

The Tasmanian Government is waiving stamp duty costs on electric car purchases. To find out more, visit the Tasmanian Government website

 

Queensland

Electric cars receive reduced registration duty rates. To find out more, visit the Queensland Government website.

 

While the purchase price of an electric vehicle can be higher than a petrol or diesel equivalent, the ongoing running costs are generally cheaper thanks to fewer servicing requirements and lower fuel costs. 

No matter where you are on the path towards electric, if you want to get a better understanding of your options, request a call with our Macquarie Vehicle Select team.

As well as lowering your carbon footprint, there are other great benefits of driving an electric vehicle.

  • A high-quality driving experience: Performance is underpinned by advanced, modern technology, resulting in a smooth and silent drive.
  • Increased affordability: Electric vehicles are becoming more affordable as more car manufacturers transition to electric.
  • More places to charge: Public charging stations are being installed in more areas, and the latest vehicle models are able to drive further.

Before starting your journey in an electric vehicle it’s important to plan ahead so you know where you can access a charging station along the way to top up your charge if you need to. 

The network of ultra-fast charge stations is steadily increasing along highways. Once in place, these ultra-rapid chargers can add 200km to 400km of range to a modern EV in 15 minutes, making planning easier for EV drivers~.

Yes, this is a complimentary service offered by Macquarie. We’d be happy to assist you on your car-buying journey. 

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Additional information

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Rate applies to new loans secured by new and demo electric vehicles, effective from 1 July 2022 subject to change without notice. Not available to rental buyers. All applications are subject to the satisfaction of approval criteria. Terms, conditions, fees and charges apply.

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The comparison rate is based on a secured consumer 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.

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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. Vehicle sourcing is independent of any application for credit.

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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.

Finance provided by Macquarie Leasing Pty Ltd ABN 38 002 674 982 Australian Credit Licence 394925 (“Macquarie Leasing”) to approved applicants. 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. Vehicle sourcing is independent of any application for credit. Macquarie Leasing is not a manufacturer of electric vehicles.