NEW CAR LOAN AND LENDER COMPARISON
Compare New Car Loans
Across Australia
Compare finance options before accepting the first offer presented at the dealership.
New vehicles purchased from dealerships
Personal & Business use finance
Comparison does not affect your credit score.
Individual support from application to settlement
NEW CAR LOAN AND LENDER COMPARISON
Compare New Car Loans Across Australia
Compare finance options before accepting the first offer presented at the dealership.
New vehicles purchased from dealerships
Personal & Business use finance
Comparison does not affect your credit score.
Individual support from application to settlement
Compare Options from 50+ Lenders
One Initial Enquiry
No Lender Submission Without Approval
Australia-Wide Support
Request an Indicative New Car Loan Comparison
Tell us approximately how much you want to borrow and what type of vehicle you are considering.
Submitting an initial comparison request does not automatically submit an application to a lender.
If you decide to proceed, we will explain the selected option and obtain your authority before a formal lender application is made.
This is an initial enquiry—not a lender application.
We will not submit your information to a lender without your approval.
Compare New Car Finance Before Visiting the Dealership
Buying a new vehicle involves more than negotiating its purchase price. The interest rate, comparison rate, fees, loan term and repayment structure can materially change the total amount you repay.
A dealership may offer finance as part of the vehicle sale. That can be convenient, but it may represent one lender, one manufacturer program or a limited group of finance products.
iCREDIT compares suitable options from its lender panel so you can review the finance separately from the vehicle negotiation.
How iCREDIT New Car Finance Works
Establish Your Budget
Estimate the amount you need after allowing for any deposit, trade-in and on-road costs.
Request a Comparison
Provide basic information about your loan needs, vehicle & budget.
Review Loan Options
iCREDIT reviews suitable options from its lender panel and explains indicative rates, fees, repayments and lender guidelines.
Select an Option
Choose a loan option that suits your needs, budget and required term.
Complete Application
iCREDIT will package your application and submit to your nominated lender.
Approval & Settlement
Once approved, iCREDIT will arrange for the funds to be paid directly to the retailer or your account.
What Is a New Car Loan?
A new car loan is finance used to purchase a brand-new vehicle, usually from a licensed motor dealer.
Most personal new car loans are secured against the vehicle. This means the lender registers an interest in the car until the loan is repaid. Because a new vehicle has a known purchase price, no previous owner and manufacturer warranty coverage, it may meet the security requirements of a wider range of lenders.
Compare More Than the Interest Rate
Interest Rate
Comparison Rate
Lender Fees
Repayments
Total amount repayable
Loan flexibility
A new car loan is not automatically cheaper simply because the vehicle is new. Compare the interest rate, fees, repayment structure and total amount repayable.
What affects New Car Loan Rates?
Credit Profile
A stronger credit and repayment history can provide access to a broader range of lenders and more competitive pricing.
Employment and income
Lenders assess whether income is stable, verifiable and sufficient to cover the proposed repayments and existing commitments
Property and residential stability
Some lenders consider residential status and stability as part of their overall risk assessment.
Loan amount and term
A longer term may reduce regular repayments but usually increases the total interest paid over the life of the loan.
Dealership Finance vs Independent Loan Comparison
Dealership Finance
Limited Lender Choice
Dealer finance may be restricted to the dealership’s preferred lender or manufacturer finance program. This can limit your ability to compare other rates, fees and loan structures.
The advertised rate may not be your approved rate
A low promotional rate may only apply to selected vehicles, loan terms, deposits or applicants. The rate initially advertised or discussed may change after the lender completes its assessment.
Fees and add-ons can increase the total cost
Dealer finance may include expensive account setup fees that are not prominent in the initial repayment. Optional products—such as warranties, insurance, paint protection or servicing packages—may also be bundled into the amount financed unless they are clearly itemised.
iCREDIT Comparison
Compare Before Applying
iCREDIT reviews potentially suitable options from its lender panel before submitting an application. You can consider available rates, fees and lending conditions before deciding whether to proceed.
Understand the Complete Loan Cost
Compare the interest rate, comparison rate, establishment fees, ongoing charges and total amount repayable. The lowest advertised interest rate is not always the lowest-cost loan.
Choose a Suitable Repayment Structure
Review different loan terms, repayment frequencies, early repayment conditions and balloon payment options. This helps you choose a structure that fits your budget and longer-term plans.
Estimate Your New Car Loan Repayments
Use the iCREDIT car loan calculator to estimate how the loan amount, interest rate and term may affect your repayments.
Test several scenarios rather than relying on one repayment figure:
Reduce or increase the loan amount
Compare five-year and seven-year terms
Compare repayments with and without a deposit
Loan Calculator
Estimate repayments instantly with adjustable interest rates.
Compare Your Loan Options
See how repayments may vary across different credit profiles. These examples are indicative only.
Excellent Credit
OK Credit
Below Average Credit
Loan Snapshot
CUSTOMER REVIEWS
Trusted by Australians nationwide for car loan comparisons, helping borrowers find competitive rates and suitable finance options
Easy to contact and made everything seem so easy
I wanted to take a moment to express my sincere appreciation for your invaluable assistance in helping me navigate the complexities of car warranties. Your expertise and dedication made the entire process smooth and stress-free.
Your thorough understanding of the various warranty options available ensured that I could make an informed decision that best suited my needs. Your patience in answering all my questions and clarifying any doubts reassured me every step of the way.
Moreover, your commitment to providing personalized support and going above and beyond to address any concerns truly sets you apart. Your professionalism and attention to detail are commendable, and I am grateful for your unwavering support throughout the entire process.
Thanks to your guidance, I now have the peace of mind knowing that my car is protected by a comprehensive warranty that meets all my requirements. Your dedication to customer satisfaction is evident, and I have no hesitation in recommending your services to anyone in need of expert advice on car warranties.
Once again, thank you, Scott, for your exceptional assistance. I look forward to working with you again in the future and will not hesitate to reach out whenever I need assistance with any financial matters.
Best regards,
SID
Customer Reviews
What Documents May Be Required?
The required documents vary between lenders, but a personal new car loan application commonly requires:
- Australian driver licence or acceptable identification
- Proof of income, such as recent payslips
- Employment details
- Details of regular expenses and existing debts
- Dealership purchase contract or tax invoice
New Car Loan Frequently Asked Questions
Yes. You can discuss indicative finance options and possible pre-approval before selecting the exact vehicle. Final approval will normally depend on acceptable vehicle and purchase details.
Submitting iCREDIT’s initial comparison enquiry does not itself place an application with a lender.
A credit enquiry may be recorded if you later authorise a formal lender application.
Not necessarily. Some lenders may consider financing the full eligible vehicle cost, subject to your circumstances and their lending criteria.
A deposit can reduce the amount borrowed and total interest paid.
No. Dealer or manufacturer finance can sometimes be competitive, however you are restricted to their preferred lender option.
Comparing the vehicle price, interest rate, comparison rate, fees, lost discounts, balloon payment, early payment costs and total amount repayable before deciding can help you understand the total loan cost.
Yes. Obtaining conditional pre-approval before visiting a dealership can strengthen your negotiating position by giving you a clearer understanding of your budget and potential repayments.
Pre-approval periods and conditions vary between lenders, and final approval remains subject to the selected vehicle, purchase contract and verification requirements.
Yes. Finance is available for eligible electric, plug-in hybrid and hybrid vehicles. Some lenders offer specific vehicle or green-loan products with separate eligibility requirements.
Many lenders on the iCREDIT panel allow additional repayments or early payout, and some offer a no-fee early payout option. Most car dealer loan options can include high early payment costs if paying out early, so it's advisable to check the contract before signing.
Yes. The net trade-in amount may reduce the vehicle purchase balance and the amount that needs to be financed. Confirm any existing finance on the trade-in before calculating the final contribution.
Tell iCREDIT and the lender about the expected delivery date. Pre-approvals and quoted terms may expire, and the lender may need updated information before settlement.
The best way to find a suitable car loan is to compare multiple lenders based on interest rates, fees, repayment flexibility, and loan features.
Instead of applying with a single lender, reviewing options across a panel can help you choose a loan that fits your budget and financial goals.
Compare Car Loans Before You Apply
Review suitable options from iCREDIT’s lender panel with no obligation to procees.
Compare Car Loans Before You Apply
Review suitable options from iCREDIT’s lender panel with no obligation to procees.
Call: 1300 350 118
