Electric vehicle finance solutions
Electric Vehicle Finance
Compare finance options for new and used electric vehicles, including EV loans, repayments, lender options and ownership costs.
EV finance basics
Finance For New And Used Electric Vehicles
New EV Finance
Compare finance options for eligible new electric vehicles purchased through dealers.
Used EV Finance
Used EV finance may be available depending on vehicle age, battery condition and lender policy.
Private Sale EVs
Private sale EV finance may be available with standard ownership, PPSR and asset checks.
EV Loan Options
Loan terms, repayments and EV-specific lender programs can vary between finance providers.
The basics
How Electric Vehicle Finance Works
Electric vehicle finance allows eligible borrowers to spread the cost of a new or used EV over an agreed loan term instead of paying the full purchase price upfront.
Lender options can depend on the vehicle type, age, purchase price, private sale or dealer sale, credit profile, income position, deposit and overall loan structure.
Some lenders may also offer specific incentives or pricing for eligible electric vehicles, which is why comparing finance options can be useful before committing.
EV finance may suit:
- New electric vehicles
- Used electric vehicles
- Tesla finance
- BYD, MG, Hyundai and Kia EVs
- Private sale electric vehicles
- First-time EV buyers
EV finance options
Electric Vehicle Finance Pathways
New EV Finance
Finance options for eligible new electric vehicles purchased from dealers.
Used EV Finance
Used EVs may be financed depending on vehicle age, value, condition and lender policy.
Private Sale EV Finance
Private sale EV purchases may be considered with the right seller, PPSR and ownership checks.
First-Time Buyer EV Finance
First-time buyers may have options depending on income, credit profile and lender requirements.
Why compare?
Electric Vehicle Finance Can Vary Between Lenders
Interest Rates
Some lenders may price electric vehicles differently depending on applicant profile and vehicle type.
Loan Terms
Available loan terms can vary depending on the lender, vehicle age and finance structure.
Repayment Structures
Repayments, balloon payments and loan flexibility may differ between finance providers.
EV Programs
Some lenders may offer EV-specific pricing, incentives or policy settings for eligible electric vehicles.
Looking at other vehicle finance options? Visit our Compare Finance Options Guide to compare finance pathways across electric, hybrid and petrol vehicles.
EV ownership costs
Understanding Electric Vehicle Ownership Costs
When comparing electric vehicle finance, it is worth considering more than just the purchase price and monthly repayment.
Charging, servicing, insurance, battery warranty and resale value can all influence the overall cost of EV ownership.
Estimate RepaymentsCosts to consider:
- Home charging setup
- Public charging costs
- Insurance premiums
- Battery warranty
- Servicing and maintenance
- Vehicle resale value
Popular EV brands
Electric Vehicle Brands Commonly Financed
Helpful guidance
Benefits And Considerations
Potential Benefits
- Lower running costs compared with some petrol vehicles
- Reduced servicing requirements
- Potential lender EV pricing incentives
- Growing choice of new and used EV models
Considerations
- Charging access and setup costs
- Insurance costs can vary by model
- Battery warranty and vehicle age matter
- Resale value should be considered
Compare Electric Vehicle Finance Options
Explore flexible finance options for eligible new, used and private sale electric vehicles.
Compare Finance OptionsCommon questions
Electric Vehicle Finance FAQs
Can you finance a used EV?
Yes, some lenders may consider used EV finance depending on vehicle age, condition, value, battery warranty and applicant profile.
Can you finance a Tesla?
Yes, Tesla finance may be available for eligible new, used and private sale Tesla vehicles depending on lender policy.
Are EV loans different from standard car loans?
EV loans can be similar to standard car loans, although some lenders may offer EV-specific pricing, incentives or policy settings.
Do EVs qualify for special rates?
Some lenders may offer special pricing or incentives for eligible electric vehicles. Availability depends on lender policy and applicant profile.
Can first-time buyers finance electric vehicles?
Potentially. First-time buyers may have EV finance options depending on income, credit profile, deposit and lender requirements.
Can self-employed applicants finance EVs?
Yes, self-employed applicants may have options depending on ABN history, income position, credit profile and lender policy.
Related resources
Helpful Finance Guides
First-Time Car Buyer Finance
Understand finance pathways for first-time borrowers and younger applicants.
Credit Score Guide
Learn how credit history and repayment conduct may affect lender options.
Car Loans
Compare vehicle finance options across new, used and private sale vehicles.
Compare Finance Options
Compare finance pathways across electric, hybrid and petrol vehicles.
Loan Calculator
Estimate repayments across different loan amounts, terms and structures.
Asset Finance Guide
Explore broader finance options across vehicles and business assets.