What is a green car loan?
As more Australians switch to EVs and hybrids, a growing number of lenders offer "green" car loans: finance with a discounted rate or extra perks for low- and zero-emissions vehicles. The idea is a lower rate to encourage cleaner cars. The detail is where it varies.
Who qualifies
Eligibility differs by lender. Some set an emissions threshold, others list specific qualifying models or require a fully electric vehicle, and the size of the discount varies from one lender to the next. Most green car loans are secured against the vehicle, like a standard car loan.
How they compare
A "green" label does not mean the lowest cost. The comparison rate against a standard car loan for the same vehicle shows the difference, since a discount on a higher base rate can still work out dearer. The establishment and ongoing fees, the term, and whether the model actually qualifies fill in the rest.
CompareThat is a comparison service, not a lender or broker. We show the products and let you decide. We don't include every provider in the market, and each lender's own terms are the final word. Browse the full car loans range or compare loans side by side.