close-icon
close icon
search icon Apply phone 13 10 90

Can you get a discount for buying an electric vehicle?

Green Car Loan

Get a 0.7% discount on your car loan interest rate if you buy a qualifying green car. With our online application, it’s easy to get a loan approved within 24-hours.~

  • 3.64%
    variable rate p.a.**
  • 4.18%
    comparison rate p.a.*
VIEW GREEN CAR LOAN

Green Car Loan

Get a 0.7% discount on your car loan interest rate if you buy a qualifying green car. With our online application, it’s easy to get a loan approved within 24-hours.~

  • 3.64%
    variable rate p.a.**
  • 4.18%
    comparison rate p.a.*

Earlier this week the Australian Federal Government unveiled Australia's first ‘Future Fuels and Vehicles Strategy' designed to drive consumer choice and the uptake of low-emissions vehicles. At loans.com.au, we offer a 'green’ discount for eligible vehicles to help encourage people to choose an electric or hybrid car for their next purchase.

What is the Future Fuels and Vehicles Strategy?

The new Future Fuels and Vehicles Strategy aims to reduce the barriers for EV ownership in Australia. It will include funding for 50,000 charging stations in homes Australia-wide.

Prime Minister Scott Morrison said the Future Fuels and Vehicles Strategy delivers on the Government’s recently released Long-Term Emissions Reduction Plan, which provides a view to achieving net-zero emissions by 2050.

Why is this important?

Electric vehicle legislation in Australia has been slowly catching up to sentiment surrounding EVs.

Recent data has shown Aussies are eager to do their part for the environment when it comes to their next car purchase. According to the Electric Vehicle Council’s recent poll, approximately 54% of respondents would consider purchasing an electric vehicle as their next car and 49% see themselves driving an electric vehicle in 2030.

But many have been deterred by the lack of incentives and affordability of new models.

The new Future Fuels and Vehicles Strategy aims to address this.

The response from the industry has been optimistic, however some commentary has suggested there could have been more incentives or subsidies included in the strategy, to make hybrid and electric cars more affordable.

That’s where we come in.

Green Car Loan

At loans.com.au, we offer low rate car loans, and discounts specifically for electric and hybrid vehicles to encourage our customers to make more environmentally conscious choices and be rewarded for it.

We care about the environment, and we want you to care too. That’s why we offer a great discount on our car loans if you choose to buy a car that’s more environmentally friendly.

Our lowest rate car loan is our 3.29% Fixed Green Car Loan which can help you save thousands in car loan repayments.

What kind of car qualifies for the green discount?

To qualify for our green discount car loan, the vehicle needs to be an electric or hybrid vehicle, which means it’s going to have significantly lower average emissions when compared to other cars of its size.

With our extremely low rate green car loan discount, you can help save the planet and save thousands when buying your next car.

Our discount applies to cars like the Tesla Model 3, Hyundai Ioniq 5, the Mazda MX-30 and even the Toyota Rav 4 Hybrid or Corolla Hybrid. To find out if the car you’re looking to purchase is on our full approved list of green cars, call our friendly team of car loan specialists on 13 10 90, or chat to us on Facebook or Live Chat.

Why we care

At loans.com.au, it’s important for us to play our part in reducing environmental footprint, and we want to encourage Aussies who feel the same to have access to great rates and savings when making a green choice for their car.

Our green car discount is the result of a partnership with the Clean Energy Finance Corporation, which was established to assist investment in renewable energy, energy efficiency and low emissions technologies.

If you’re thinking about going green for your next car, chat to our team today or use our Car Loan Calculator to see how much you could save.

Car Loan calculator

About the article

As Australia's leading online lender, loans.com.au has been helping people into their dream homes and cars for more than 10 years. Our content is written and reviewed by experienced financial experts. The information we provide is general in nature and does not take into account your personal objectives or needs. If you'd like to chat to one of our lending specialists about a home or car loan, contact us on Live Chat or by calling 13 10 90.