Car Loans in Tasmania (TAS) 2026 - Compare Rates & Save

In 2026, car loan rates in Tasmania sit around 5.54%-15.00% p.a. for secured loans. RACT offers member rates for Tasmanian drivers. Green car loans for EVs start from 5.49%. Tasmania has a smaller selection of local lenders, but all national lenders operate here with the same rates.

Tasmania charges motor vehicle duty at $3 per $100 of the dutiable value for most passenger vehicles. A $40,000 car attracts $1,200 in stamp duty. For vehicles transferred between family members, a concessional rate may apply. The duty is payable at the time of registration transfer through Service Tasmania.

Tasmanian car registration costs approximately $600-$750 per year including registration fee, MAIB premium (Motor Accidents Insurance Board - compulsory third-party), and other levies. Tasmania offers 3-month, 6-month or 12-month registration periods. Concessions are available for pensioners and health care card holders.

The average new car price in Hobart is approximately $40,000-$48,000 in 2026, while used cars average $18,000-$28,000. Tasmania generally has slightly lower car prices than mainland capitals. Popular models include the Subaru Outback ($38,000-$50,000) suited to Tasmania's terrain, and the Toyota Corolla ($28,000-$38,000).

Tasmania does not currently have an EV road user charge, making it one of the most affordable states for EV ownership. Tasmania's electricity is predominantly hydro-powered (renewable), meaning EVs charged in Tasmania have very low carbon emissions. The federal FBT exemption applies to novated leases on EVs under $91,387.

Tasmania is excellent for EVs due to its almost 100% renewable electricity grid (hydro and wind), no EV road user charge, and compact driving distances. Charging an EV with Tasmanian hydro power costs approximately $3-5 per 100km compared to $12-18 for petrol. Green car loans offer additional rate discounts of 0.50-1.00%.

RACT offers car loan rates for Tasmanian members as of 20 May 2026. RACT members receive a loyalty discount. They offer both new and used car loans with terms from 1-7 years, redraw facility, and no early repayment fees on variable rate loans.

Yes, you can purchase and finance a car on the mainland and ship it to Tasmania. The shipping cost from Melbourne to Devonport is approximately $500-$900 via Spirit of Tasmania or freight services. Ensure the lender knows the vehicle's intended location. You'll need to re-register in Tasmania and pay TAS stamp duty.

For a car loan in Tasmania, you need: Tasmanian driver's licence, 2-3 recent payslips or tax returns, 90 days of bank statements, vehicle details and seller information. Self-employed applicants need ABN details and recent tax returns. Online lenders may use Open Banking to verify income automatically.

Yes, most lenders finance private sale purchases in Tasmania. You'll need the seller's details, vehicle registration number, a PPSR check ($2), and the vehicle should be roadworthy. Tasmania requires the seller to complete a Transfer of Registration form. Registration must be transferred within 14 days of purchase.