Car Loans in Victoria (VIC) 2026 - Compare Rates & Save

Q: What is the average car loan rate in Victoria in 2026?

In 2026, car loan rates in Victoria sit around 5.74%-15.00% p.a. for secured loans. RACV offers competitive rates for VIC members. Green car loans for EVs start from 5.79% (5.82% comparison rate). Rates depend on credit score, loan amount, vehicle age and whether the loan is secured or unsecured.

Q: How much is stamp duty on a car in Victoria?

Victoria charges motor vehicle duty based on the market value or purchase price. For new vehicles, the rate is $8.40 per $200 (or part thereof) of the market value. For used vehicles purchased from a dealer, it's $8.40 per $200 of the purchase price. For private sales, it's based on the market value determined by VicRoads. A $40,000 car attracts approximately $1,680 in stamp duty.

Q: How much does car registration cost in Victoria?

Victorian car registration costs approximately $850-$950 per year including registration fee, TAC charge (compulsory third-party insurance) and motor vehicle duty. The TAC premium varies by vehicle type and postcode. VicRoads offers quarterly or annual payment options. Zero-emission vehicles attract a $100 annual registration discount.

Q: Does Victoria have an EV road user charge?

Yes, Victoria introduced an EV road user charge of 2.8 cents per kilometre for zero-emission vehicles and 2.3 cents for plug-in hybrids. For an average driver covering 13,000km per year, this equates to approximately $364 annually for a BEV. The charge helps fund road infrastructure normally paid via fuel excise.

Q: What is the average car price in Melbourne?

The average new car price in Melbourne is approximately $44,000-$54,000 in 2026, while used cars average $24,000-$34,000. Popular models include the Toyota Corolla ($28,000-$38,000), Mazda CX-5 ($35,000-$50,000) and Tesla Model Y ($58,000-$72,000). Regional Victoria prices are generally comparable to Melbourne.

Q: Is a novated lease worth it in Victoria?

Novated leases can save Victorian employees $3,000-$15,000 per year depending on income and vehicle choice. Despite the EV road user charge, the FBT exemption for EVs under $91,387 in 2026 makes novated leasing attractive. Higher income earners in the 37%+ tax bracket benefit most from salary sacrifice.

Q: Can I get a car loan for a private sale in Victoria?

Yes, most lenders finance private sale purchases in Victoria. You'll need the seller's details, the vehicle's VicRoads registration number, and a PPSR check ($2). Ensure a roadworthy certificate (RWC) has been provided - this is mandatory for private sales in Victoria. Settlement typically takes 1-3 business days.

Q: What is the RACV car loan rate?

RACV offers competitive car loan rates for Victorian members as of 11 September 2026. RACV 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 loans.

Q: What EV incentives are available in Victoria in 2026?

Victoria offers a $100 annual registration discount for zero-emission vehicles. The federal FBT exemption applies to novated leases on EVs under $91,387. While Victoria previously offered $3,000 EV subsidies, this program has ended. Green car loans from lenders like Plenti and Bank Australia offer discounted rates of 0.50-1.00% off for EV purchases.

Compare car loan rates from top lenders for Victorian drivers. Finance new, used and electric vehicles with secured rates from 5.74% p.a. (7.16% comparison rate) Check VIC stamp duty, VicRoads rego costs and EV road user charge info.

Rates updated 2 November 2026

Vehicle type

Loan term

Loan amount

100% free. No impact on your credit score. Repayments based on a $30,000 loan over 5 years.

Where VIC car loan rates sit today

Rates rising

From 5.74%

Lowest Secured Rate

7.16% comparison rate

From 9.50%

Lowest Unsecured Rate

9.79% comparison rate

40+

Lenders Compared

Melbourne & regional VIC

Car loan rates have eased since the RBA began cutting rates. Secured rates start from 5.74% p.a. (7.16% comparison rate*) with 40+ lenders competing for VIC borrowers across new, used and electric vehicle finance.

Leading lenders in VIC Updated daily 100% free service Melbourne & regional VIC

Best Car Loan Rates in Victoria

Lender	Product	Rate (p.a.)	Comparison Rate	Monthly ($30K/5yr)	Vehicle Type	Features
Westpac	Car Loan	5.74%	7.16%	$576	New/Used <7yr	Digital banking
BankWAW	Green Car Loan	5.79%	5.82%	$577	New/Used <7yr	EV discount,
NAB	NAB Car Loan	5.99%	7.55%	$580	New/Used <7yr
Health Professionals Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
Health Professionals Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
Health Professionals Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
Health Professionals Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
UniBank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
UniBank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
UniBank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
UniBank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
WOOLWORTHS TEAM BANK	Electric Vehicle Loan	6.19%	6.63%	$583	New/Used <7yr	EV discount,
Teachers Mutual Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
Teachers Mutual Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
Teachers Mutual Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
Teachers Mutual Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
Firefighters Mutual Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
Firefighters Mutual Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
Firefighters Mutual Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
Firefighters Mutual Bank	Fixed Rate Car Loan	6.19%	6.40%	$583	Used <7yr	Digital banking
Greater Bank	New Car Loan	6.24%	6.63%	$583	New only	Redraw, Digital banking
IMB Bank	New Car Loan	6.24%	6.59%	$583	New only	Digital banking
MACARTHUR CREDIT UNION LTD	NEW CAR LOAN FIXED	6.29%	6.66%	$584	New only	Redraw, Digital banking, PayID, NPP
Bank Australia	Fixed Car Loan	6.29%	6.29%	$584	New/Used <7yr	Digital banking, Redraw
Bank Australia verified Sep 23	Electric Vehicle Loan	6.29%	6.29%	$584	Electric vehicles	Fixed rate, establishment fee waived for EVs
AMB Bank Product	Car Loan	6.35%	7.27%	$585	New/Used <7yr
A-Auswide Bank	CAR LOAN	6.48%	7.19%	$587	New/Used <7yr	Redraw
Newcastle Permanent	Secured Personal Loan & Car Loan	6.49%	6.84%	$587	New/Used <7yr	Digital banking
HORIZON BANK	Green Car - New	6.49%	6.71%	$587	New only	EV discount, Digital banking, NPP, Redraw
UNITY BANK	Green Car Loan	6.49%	6.49%	$587	New/Used <7yr	EV discount, Redraw, Digital banking
Westpac	Car Loan	6.49%	7.90%	$587	New/Used <7yr	Digital banking
Westpac	Car Loan	6.49%	7.90%	$587	New/Used <7yr	Digital banking
POLICE CREDIT UNION LIMITED	The Best Car Loan	6.49%	6.90%	$587	New/Used <7yr	Digital banking, NPP, PayID, Redraw
WOOLWORTHS TEAM BANK	New Car Loan	6.49%	6.93%	$587	New only
SCCU	MOTOR SCOUT NEW VEHICLE LOAN	6.49%	8.85%	$587	New only	Digital banking, Redraw
SCCU	MOTOR SCOUT NEW VEHICLE LOAN	6.49%	8.85%	$587	New only	Digital banking, Redraw
SCCU	MOTOR SCOUT NEW VEHICLE LOAN	6.49%	8.85%	$587	New only	Digital banking, Redraw
SCCU	MOTOR SCOUT NEW VEHICLE LOAN	6.49%	8.85%	$587	New only	Digital banking, Redraw
SCCU	MOTOR SCOUT NEW VEHICLE LOAN	6.49%	8.85%	$587	New only	Digital banking, Redraw
RACV verified Sep 23	Green Car Loan	6.49%	7.08%	$587	New/Used EV	No ongoing fees, member discounts
CommBank verified Sep 23	EV Car Loan (secured fixed)	6.49%	7.90%	$587	New/Used EV or PHEV <75g CO2/km	Energy-efficient discount, branch access
NAB	NAB Car Loan	6.74%	8.29%	$590	New/Used <7yr
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$591	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$591	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$591	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	8.20%	$591	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	11.78%	$591	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	11.78%	$591	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	6.79%	11.78%	$591	New/Used <7yr	Digital banking
Bank First Production	New Car Loan Personal Lending Variable Unsecured	6.79%	8.12%	$591	New only	PayID, Digital banking, Redraw
Bank First Production	New Car Loan Personal Lending 1-5 Years Fixed Unsecured	6.79%	7.06%	$591	New only	PayID, Digital banking, Redraw
Defence Bank Limited	New Car Loan	6.89%	7.66%	$592	New only	Redraw, Digital banking
Defence Bank Limited	Used Car Loan	6.89%	7.66%	$592	Used <7yr	Redraw, Digital banking
ORANGE CREDIT UNION LTD	New Car Loan	6.89%	7.26%	$592	New only	NPP, Redraw
POLICE CREDIT UNION LIMITED	Low Rate Car Loan Special Offer - Variable	6.98%	7.39%	$594	New/Used <7yr	NPP, PayID, Digital banking, Redraw
Community First Credit Union	Car Loan - Fixed	6.99%	8.04%	$594	New/Used <7yr	Digital banking, Redraw
Community First Credit Union	Car Loan - Variable	6.99%	8.04%	$594	New/Used <7yr	Digital banking, Redraw
Regional Australia Bank	Accelerator Car Loan	6.99%	7.30%	$594	New/Used <7yr	Digital banking, Redraw
Police Bank	Driveaway Car Loan	6.99%	7.13%	$594	New/Used <7yr	Redraw
POLICE CREDIT UNION LIMITED	Better Car Loan	6.99%	7.40%	$594	New/Used <7yr	Digital banking, NPP, PayID, Redraw
Border Bank	Driveaway Car Loan	6.99%	7.13%	$594	New/Used <7yr	Redraw, NPP, Digital wallet, PayID, Digital banking
POLICE CREDIT UNION LIMITED	Fixed Car Loan	7.24%	7.65%	$597	New/Used <7yr	NPP, PayID, Digital banking, Redraw
POLICE CREDIT UNION LIMITED	Better Car Loan	7.24%	7.24%	$597	New/Used <7yr	Digital banking, NPP, PayID, Redraw
Qudos Bank	Car Loan	7.29%	7.50%	$598	New/Used <7yr
Bank Australia	Fixed Car Loan	7.29%	7.50%	$598	New/Used <7yr	Digital banking, Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	FASTROAD NEW CAR LOAN	7.39%	7.70%	$600	New only	Redraw
THE CAPRICORNIAN	Car & Motor Vehicle Loans	7.43%	7.78%	$600	New/Used <7yr	Redraw, Digital banking, NPP, PayID
RACQ Bank	Green Car Loan	7.49%	7.49%	$601	New/Used <7yr	EV discount, Digital banking, NPP
Plenti verified Sep 23	EV Car Loan	7.49%	9.28%	$601	New/Used EV/PHEV	Personalised rate, no early exit fees
CENTRAL WEST CREDIT UNION LTD	Classic Car Loan - New Vehicle	7.60%	7.82%	$603	New only	Digital banking
CENTRAL WEST CREDIT UNION LTD	Classic Car Loan - Used Vehicle no more than 7 years old	7.70%	7.92%	$604	Used <7yr	Digital banking
HORIZON BANK	Green Car Loan - Used	7.74%	7.96%	$605	Used <7yr	EV discount, Digital banking, NPP, Redraw
NORTHERN INLAND CREDIT UNION LTD.	Brand New Vehicle Loan	7.74%	8.30%	$605	New only	Redraw, Digital banking
Bank First Production	Used Car Loan Personal Lending 1-5 Years Fixed Unsecured	7.79%	9.13%	$605	Used <7yr	PayID, Digital banking, Redraw
WOOLWORTHS TEAM BANK	Used Car Loan	7.94%	8.39%	$607	Used <7yr
POLICE CREDIT UNION LIMITED	Variable Car Loan	7.98%	8.40%	$608	New/Used <7yr	NPP, PayID, Digital banking, Redraw
UNITY BANK	Fixed Rate Car Loan P&I <5Y	7.99%	8.01%	$608	New/Used <7yr	Redraw, PayID, NPP
LCU	New Wheels Car Loan	8.05%	8.33%	$609	New only	Redraw, Digital banking, NPP, PayID
RACQ Bank	Fixed Rate Car Loan	8.19%	8.36%	$611	New/Used <7yr	Digital banking, NPP
RACQ Bank	Fixed Rate Car Loan	8.19%	8.36%	$611	New/Used <7yr	Digital banking, NPP
RACQ Bank	Fixed Rate Car Loan	8.19%	8.36%	$611	New/Used <7yr	Digital banking, NPP
HORIZON BANK	Fixed Personal Car Loan	8.24%	8.46%	$612	New/Used <7yr	Redraw, Digital banking, NPP
HORIZON BANK	NEW/USED CAR TO 12MTHS	8.24%	8.46%	$612	Used <7yr	Redraw, Digital banking, NPP
SCCU	MOTOR SCOUT USED VEHICLE LOAN	8.24%	10.61%	$612	Used <7yr	Digital banking, Redraw
SCCU	MOTOR SCOUT USED VEHICLE LOAN	8.24%	10.61%	$612	Used <7yr	Digital banking, Redraw
SCCU	MOTOR SCOUT USED VEHICLE LOAN	8.24%	10.61%	$612	Used <7yr	Digital banking, Redraw
SCCU	MOTOR SCOUT USED VEHICLE LOAN	8.24%	10.61%	$612	Used <7yr	Digital banking, Redraw
SCCU	MOTOR SCOUT USED VEHICLE LOAN	8.24%	10.61%	$612	Used <7yr	Digital banking, Redraw
SCCU	NEW VEHICLE LOAN	8.24%	9.15%	$612	New only
SCCU	NEW VEHICLE LOAN	8.24%	9.15%	$612	New only
SCCU	NEW VEHICLE LOAN	8.24%	9.15%	$612	New only
SCCU	NEW VEHICLE LOAN	8.24%	9.15%	$612	New only
SCCU	NEW VEHICLE LOAN	8.24%	9.15%	$612	New only
SCCU	EMONEY NEW VEHICLE LOAN	8.24%	9.15%	$612	New only	Digital banking, Redraw
SCCU	EMONEY NEW VEHICLE LOAN	8.24%	9.15%	$612	New only	Digital banking, Redraw
SCCU	EMONEY NEW VEHICLE LOAN	8.24%	9.15%	$612	New only	Digital banking, Redraw
SCCU	EMONEY NEW VEHICLE LOAN	8.24%	9.15%	$612	New only	Digital banking, Redraw
SCCU	EMONEY NEW VEHICLE LOAN	8.24%	9.15%	$612	New only	Digital banking, Redraw
SCCU	LJ HOOKER NEW VEHICLE LOAN	8.24%	9.15%	$612	New only	Digital banking, Redraw
SCCU	LJ HOOKER NEW VEHICLE LOAN	8.24%	9.15%	$612	New only	Digital banking, Redraw
SCCU	LJ HOOKER NEW VEHICLE LOAN	8.24%	9.15%	$612	New only	Digital banking, Redraw
SCCU	LJ HOOKER NEW VEHICLE LOAN	8.24%	9.15%	$612	New only	Digital banking, Redraw
SCCU	LJ HOOKER NEW VEHICLE LOAN	8.24%	9.15%	$612	New only	Digital banking, Redraw
Liberty Financial	Low doc car loan	8.29%	8.29%	$612	New/Used <7yr
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$620	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$620	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$620	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	10.18%	$620	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	13.74%	$620	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	13.74%	$620	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	8.79%	13.74%	$620	New/Used <7yr	Digital banking
Liberty Financial	Flexible car loan	8.99%	10.65%	$623	New/Used <7yr
BankVic	Car Loan Fixed 1-5 Years	8.99%	9.12%	$623	New/Used <7yr	NPP, PayID
Bank First Production	Green Car Loan Personal Lending 1-5 Years Fixed Unsecured	9.29%	9.57%	$627	New/Used <7yr	EV discount, PayID, Digital banking, Redraw
Bank First Production	Green Car Loan Personal Lending Variable Unsecured	9.29%	9.57%	$627	New/Used <7yr	EV discount, PayID, Digital banking, Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	FASTROAD USED CAR LOAN	9.39%	9.70%	$628	Used <7yr	Redraw
NORTHERN INLAND CREDIT UNION LTD.	Used Vehicle Loan	9.49%	10.32%	$630	Used <7yr	Redraw, Digital banking
LCU	New Cars	9.50%	9.79%	$630	New only	Redraw, Digital banking, NPP, PayID
THE CAPRICORNIAN	Car & Motor Vehicle Loans	9.94%	10.30%	$637	New/Used <7yr	Redraw, Digital banking, NPP, PayID
Health Professionals Bank	Car Loan	9.99%	10.21%	$637	New/Used <7yr	Redraw, Digital banking
UniBank	Car Loan	9.99%	10.21%	$637	New/Used <7yr	Redraw, Digital banking
UNITY BANK	Fixed Rate Car Loan P&I >5Y	9.99%	10.01%	$637	New/Used <7yr	Redraw, PayID, NPP
Teachers Mutual Bank	Car Loan	9.99%	10.21%	$637	New/Used <7yr	Redraw, Digital banking
Firefighters Mutual Bank	Car Loan	9.99%	10.21%	$637	New/Used <7yr	Redraw, Digital banking
UNITY BANK	Green Car Loan	10.00%	10.00%	$637	New/Used <7yr	EV discount, Redraw, Digital banking
Westpac	Car Loan	10.29%	11.66%	$642	New/Used <7yr	Digital banking
LCU	Used Cars	10.50%	10.79%	$645	Used <7yr	Redraw, Digital banking, NPP, PayID
Bank First Production	Used Car Loan Personal Lending Variable Unsecured	10.79%	12.16%	$649	Used <7yr	PayID, Digital banking, Redraw
FIRST OPTION BANK	USED CAR LOAN	10.99%	11.24%	$652	Used <7yr	Redraw, Digital banking
FIRST OPTION BANK	NEW CAR LOAN	10.99%	11.24%	$652	New only	Digital banking, Redraw
CommBank	Secured Fixed Rate Car Loan	11.29%	12.65%	$657	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	11.29%	12.65%	$657	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	11.29%	12.65%	$657	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	11.29%	12.65%	$657	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	11.29%	16.20%	$657	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	11.29%	16.20%	$657	New/Used <7yr	Digital banking
CommBank	Secured Fixed Rate Car Loan	11.29%	16.20%	$657	New/Used <7yr	Digital banking
Regional Australia Bank	Accelerator Car Loan	11.99%	12.32%	$667	New/Used <7yr	Digital banking, Redraw
TRANSPORT MUTUAL CREDIT UNION LTD	CREDIT CARD CRUSHER	12.14%	12.46%	$669	New/Used <7yr	Redraw
Liberty Financial	Fresh start car loan	12.49%	15.06%	$675	New/Used <7yr
NAB	NAB Car Loan	12.79%	14.29%	$679	New/Used <7yr
Westpac	Car Loan	12.99%	14.34%	$682	New/Used <7yr	Digital banking
NAB	NAB Car Loan	13.54%	15.03%	$691	New/Used <7yr
Great Southern Bank	Green Car Loan	15.00%	7.58%	$714	New/Used <7yr	EV discount, Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	9.08%	$714	New/Used <7yr	EV discount, Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	12.39%	$714	New/Used <7yr	EV discount, Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	6.43%	$714	New/Used <7yr	EV discount, Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	10.38%	$714	New/Used <7yr	EV discount, Digital banking, Redraw
Great Southern Bank	Green Car Loan	15.00%	11.39%	$714	New/Used <7yr	EV discount, Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	6.83%	$714	New/Used <7yr	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	8.33%	$714	New/Used <7yr	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	9.83%	$714	New/Used <7yr	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	13.14%	$714	New/Used <7yr	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	11.14%	$714	New/Used <7yr	Digital banking, Redraw
Great Southern Bank	Secured Fixed Car Loan	15.00%	12.14%	$714	New/Used <7yr	Digital banking, Redraw

Rates based on a $30,000 secured car loan over 5 years. Rates are indicative and subject to change. "Lowest" = the lowest rate on our live CDR feed at the time of viewing, across the lenders we display. "Curated" = a rate we maintain manually from the lender's published pricing (used where the lender does not publish it via CDR) and verify against the lender's website. Rates update daily and not all lenders are included, so other products may be lower. Source: Consumer Data Right (CDR), lender websites. Last updated: 2 November 2026. 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.

Rate shopping pays off: The gap between the cheapest and most expensive car loan rates is typically 3-4 percentage points. On a $30,000 loan over 5 years, cutting your rate by 3.50% saves roughly $3,000 in interest - well worth the 10 minutes it takes to compare.

0 lenders included

Live CDR rates

Save up to $626/year* on car finance

Car loans from 5.74% p.a. (7.16% comparison rate*) across 40+ Australian lenders - secured rates for new, used and EV/Hybrid vehicles.

Secured rates for new, used and EV/Hybrid vehicles
Borrow $5,000 to $150,000 from 5.74% p.a. (7.16% comparison rate*)
We refer your enquiry to our accredited broker partner

*Illustrative only. Based on a $40,000 car loan over 5 years at 5.74% p.a. vs a typical 8.50% p.a. Actual savings depend on your loan amount, term, vehicle type and approved rate.

Victoria Car Loan Calculators

Estimate your monthly repayments and the full drive-away cost of a car in Victoria before you commit.

VIC Car Loan Repayment Calculator

Calculate monthly repayments and total interest on a Victoria car loan. Pre-filled with the typical VIC loan size.

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VIC Drive-Away Cost Calculator

Vehicle price plus Victoria-specific stamp duty and annual VicRoads registration. The total upfront cost before you drive home.

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VIC stamp duty rate (%)

Indicative average for passenger vehicles. VIC duty can vary with vehicle type and value.

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Dealer finance is rarely the cheapest option for VIC drivers. Compare secured and unsecured car loans from 40+ Australian lenders, with rates from 5.74% p.a. (7.16% comparison rate)

Buying a Car in Victoria - Costs & Info

VIC Motor Vehicle Duty

New vehicle rate: $8.40 per $200
Used vehicle (dealer): $8.40 per $200
Example ($40,000 car): ~$1,680
Zero-emission vehicles: Standard rate applies

VicRoads Registration Costs

Annual rego (light vehicle): $850-$950
TAC premium: $500-$650
Transfer fee: ~$40
ZEV rego discount: $100/year

Average Car Prices in Victoria

New car (average): $44,000-$54,000
Used car (average): $24,000-$34,000
Popular EV (Tesla Model Y): $58,000-$72,000
Popular SUV (Mazda CX-5): $35,000-$50,000

VIC EV Road User Charge

BEV rate: 2.8c/km
PHEV rate: 2.3c/km
Annual cost (13,000km BEV): ~$364
FBT exemption (novated): EVs under $91,387

Novated lease unlocks the EV tax break: For an EV under the $91,387 luxury car tax threshold, novated leasing through your employer triggers the full FBT exemption - saving roughly $4,000–$8,000 a year compared with financing the same EV through a standard car loan.

Types of Car Loans in Victoria

5.74%-15.00%

New Car Loan

Finance a brand-new vehicle with the lowest secured rates available.

6.19%-10.99%

Used Car Loan

Finance a pre-owned vehicle. Rates depend on vehicle age and condition.

5.79%-15.00%

EV / Green Car Loan

Discounted rates for electric and hybrid vehicles from select lenders.

5.99%-8.49%

Refinance

Switch your existing car loan to a lower rate and reduce repayments.

Varies

Novated Lease

Salary sacrifice arrangement through your employer. FBT-exempt for eligible EVs.

Secured beats unsecured: Backing your loan with the car as collateral typically cuts 2-3 percentage points off the rate. On a $30,000 loan over 5 years, dropping from an unsecured 11.99% to a secured 6.99% saves roughly $4,500 in interest over the life of the loan.

5.74%

Lowest car loan rate in VIC

Plenti, new car secured, September 2026

$49K

Average new car price in VIC

Source: ABS, FCAI

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RACV members in Victoria

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Frequently Asked Questions - Car Loans in VIC

Everything you need to know about car loans in Victoria.

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Explore car loan options across Australia.

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Car Loan Guide

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Rates are indicative only and subject to change. Comparison rates are based on a $30,000 secured car loan over 5 years. Your actual rate may differ based on credit history, loan amount and vehicle details. "Lowest" = the lowest rate on our live CDR feed at the time of viewing, across the lenders we display. "Curated" = a rate we maintain manually from the lender's published pricing (used where the lender does not publish it via CDR) and verify against the lender's website. Rates update daily and not all lenders are included, so other products may be lower. Source: Consumer Data Right (CDR), lender websites. Last updated: 2 November 2026.

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