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New car loans from 7.29% p.a.* (comparison rate 8.00% p.a.^)
Vehicles up to 3 years old (new and demo)
Maximum loan term of 7 years
No ongoing fees
Dealer/private sale acceptable
Pre-purchase approvals available
^ 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 is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts will result in a different comparison rate.
Calculate your new car loan repayments
Estimate your repayments on your car loan^. We have flexible payment options - weekly, fortnightly or monthly.
Why choose an RACV car loan?
No ongoing fees
That means lower monthly repayments for the duration of your loan.
Members get lower interest rates when they apply directly to RACV thanks to our Years of Membership Discount.** You'll also have access to a range of benefits.
If successful, you should receive funds within 24 hours of your approval.
Financing a new car
Drive away in your brand new car sooner with the help of car finance. Our competitive interest rates with no ongoing fees and flexible payment options helps accelerate your car buying journey.
Purchasing a new car through private sale? We want to make the process easy, quick and secure. We've partnered with Verimoto, an asset identity verification system, to ease the stress of sourcing important documents, like roadworthy certificates.
It's easy, secure and will take around 15 minutes to complete an application.
You can apply online anytime, or call our team between Monday to Friday, 9am - 5pm.
We know you're getting a great deal on your loan, but it's important you are sure, too. That's why we offer a 21-day Loan Satisfaction Guarantee^^.
If you take out a consumer loan with RACV Finance and are not completely satisfied, you can repay the borrowed amount within 21 days and we'll cancel your loan without penalty. We'll also refund any interest and waive fees.
A Target Market Determination is a document which describes who a product is appropriate for (target market), and any conditions around how the product can be distributed to customers. It also describes the events or circumstances where we may need to review the Target Market Determination for a loan product. View the Target Market Determination for RACV Secured Personal Loan (197.5KB).
The short answer is yes. but car loans tend to be offered at a lower interest rate as they are secured loans.
Personal loans can be used to pay for almost anything, from holidays or weddings, to home renovations or debt consolidation. As car loans are specific to financing a car, your new vehicle acts as security for the loan. With greater reliability on how the loan will be used, a lower rate is usually offered.
Vehicles up to 3 years old are considered a new car. This might be a new or demo car from a dealership or private sale.
We also have pre-purchase approvals available to sort your new car finance before taking home your car from a dealer or private sale. To gain full approval, we'll ask for more supporting documents and details on your new car later.
** Years of Membership benefit applies to all consumer loan applications (subject to approval) made directly through RACV. Any loan application introduced through a broker/intermediary will not be able to receive the discount.
^^ If you are not completely satisfied with your RACV Finance personal loan, you can return the full loan amount and, if the loan is paid out and finalised within 21 days from the date the loan was funded RACV Finance will refund all application fees and any interest charged; waive the early termination fee (ETF); and cancel any Consumer Credit Insurance or Shortfall Insurance policy taken out and refund all premiums to the loan, product coverage will cease. The Satisfaction Guarantee is not available in conjunction with commercial loan products, leases or loans introduced by Brokers/Dealers.