Car loans

New car loans from 7.45%*p.a.

Comparison rate 7.86^p.a.

Thinking of buying your dream car? With low rates, no ongoing fees, savings on RACV Car Insurance and fast approval
RACV Finance will have you in the drivers seat in no time. Apply online now and make your dream car a reality.

You can get fast over the phone approval. We also provide pre-approvals so that you can bargain to your best advantage, knowing exactly how much you have to spend.

Find out about our car loans:

Features of our car loans

+ No ongoing fees

Our loans do not have any ongoing fees.

+ Approval within 5 business hours

In most cases our speedy approval process will take no longer than 5 business hours.

+ Savings on RACV Motor Insurance

When you take out an RACV Car or Personal Loan you may receive a saving on your annual RACV Comprehensive Car Insurance during the term of your loan.

+ RACV warranty

RACV Warranty offers you extended cover on your vehicle, giving you greater peace of mind when choosing your vehicle. You can choose between three types of cover for one, two or three years. Refer to the RACV Warranty Product Brochure and RACV Warranty PDSfor further information.

+ Loan protection cover

Credit Protection is an optional insurance cover that can pay your loan repayments if you are unable to work because of illness, injury or involuntary unemployment. Credit Protection can also protect your estate from repayment of the loan in the unfortunate event of your death.

Credit Protection is issued by St Andrew's Insurance (Australia) Pty Ltd ABN 89 075 044 656 AFSL 239649 and St Andrew's Life Insurance Pty Ltd ABN 98 105 176 243 AFSL 281731. Policy terms and conditions apply. Please consider the Product Disclosure Statement, available from RACV, before deciding to purchase Credit Protection. R.A.C.V. Finance Limited ABN 82 004 292 291 will receive a commission of up to 20% of the premium for insurance arranged.

+ Autosure protection

In the event of an accident and a car being declared a total loss, and the comprehensive motor vehicle insurance payout not covering the balance of the finance still owing, the car owner will be liable for the shortfall, which could be thousands of dollars. Autosure Protection helps to protect the car owner against this shortfall by covering the loan balance still owing to your finance provider if the payout from your comprehensive insurer is not sufficient to cover the remaining balance.

Autosure Protection is issued by St Andrew's Insurance (Australia) Pty Ltd ABN89 075 044 656 AFSL 239649. Policy terms and conditions apply. Please consider the Product Disclosure Statement, available from RACV, before deciding to purchase Autosure Protection. R.A.C.V. Finance Limited ABN 82 004 292 291 will receive a commission of up to 54% of the premium for insurance arranged.

Apply for a loan

For an RACV Car Loan, you can:

Call RACV Finance on 13 15 60.
Apply for a car loan online now
Download a loan application form and fax it back to RACV Finance on (03) 9790 2971. One of our consultants will contact you within the next working day.

Upon approval of your personal or car loan application

Once approved we will be in touch to arrange the settlement of your loan, in many cases money can be within your hands in a little as 24 hours.

How to make repayments

With the convenience of direct debit, loan repayments will be automatically debited from your nominated bank account each fortnight or month. Extra repayments can be made at any stage during your loan via Bpay.

Personal and car loans fees, terms and conditions

Principal and interest payments only .

All applications are subject to RACV Finance lending criteria.

Business car loans

RACV Finance now offers business car loans call 13 15 60 for more information.

*Conditions, fees and charges apply. Rate subject to change without notice. ^Comparison rate calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies only to examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw or early repayment fees and cost savings such as fee waivers are not included in the comparison rate, but may influence the cost of the loan. Subject to RACV lending criteria. Australian credit licence 391488.Years of membership benefit discount does not apply to the advertised new car loan interest rate.