car loans review from |

Interested in a car loan from Here’s what you need to know.

Who is

The director of, Marie Mortimer, told that the lender was established as an online lender in 2011.

“ was launched in 2011 as a direct retail business for Firstmac,” she said.

“Firstmac is a wholesale non-bank lender that has been in business for over 43 years.

“Today, Firstmac is one of Australia’s largest private non-bank lenders servicing almost $14 billion in home and car loans.

“So in 2011, was born as a retail offering to the public. Because we have a direct-to-lender model and everything is online, it means we can reduce costs such as mortgage broker commissions and the presence of a retail office (or branch).

“These cost savings are passed on to our customers in terms of cheaper interest rates.”

car loans

“For our auto loans, we offer fixed rate new and used auto loans for vehicles up to 12 years old, and we also offer a ‘green discount’ for electric or hybrid vehicles,” Ms. Mortimer said.

Check out some of the car loans from in the table below:

How does compare to the competition? See how it compares to auto loans from other lenders in the chart below:


type of interest Vehicle type Maximum vehicle age Ongoing charges Registration fees Full refund Prepayment Instant Approval Online application

Fixed New 1 year More details

Green car loan

Fixed New, used 99 years old More details
  • No additional refunds or early exit fees
  • Up to $75,000 in loans
  • Funding approved within 24 hours
Fixed New 4 years More details

Car loan (new and used by the dealer) (
  • Approval in 24 hours
  • Balloon options to reduce refunds
  • No ongoing charges, no waiver fees

Fixed New 2 years More details

Quick New Vehicle Loan Low Rates

  • Quick application process with no monthly fees
  • Low fixed interest rates with terms up to seven years
  • New car loans cover cars for up to 3 years

Quick New Vehicle Loan Low Rates

  • Quick application process with no monthly fees
  • Low fixed interest rates with terms up to seven years
  • New car loans cover cars for up to 3 years
Fixed New 1 year More details
No ongoing fees

Plenty car loan

  • Interest rates ranked in the top 20%
  • No ongoing fees
  • Can apply online

Plenty car loan

  • Interest rates ranked in the top 20%
  • No ongoing fees
  • Can apply online
Fixed New, used 7 years More details
No ongoing fees

Plenti car loan (refinancing)

*Comparative rates based on a loan of $30,000 for a term of five years. Please note: this comparison rate is only true for this example and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate. Rates correct as of February 3, 2022. See disclaimer. Car Loan Features

As well as competitive interest rates, provides car loan pre-approvals to help car buyers shop around with the certainty of knowing what they can afford.

“We also offer a lump-sum reimbursement (optional) for our car loans. Our clients can get approval within 24 hours with no monthly, ongoing or annual fees,” said Mortimer.

“Customers also have the option of repaying their loan early.”

How to apply for a car loan

“Talk to a loan specialist on the phone or fill out a quick 2-minute form,” Ms. Mortimer said.

“From there, you will download our onTrack app to your computer or device to upload documents such as payslips and bank statements, and track the progress of your application.

“After your loan is settled, you can manage your loan through our easy-to-use Smart Money app, which is a computer and app-based online banking portal.”

What sets apart from other car lenders?

Ms. Mortimer said the processes at are quick and simple, as they should be.

“You can find out if you pre-qualify for a low rate loan within minutes,” she said.

“The application process is simple, online, and we’re here to help you every step of the way.

“By keeping our interest rates low and revolutionizing the loan application process, we continue to win awards for our products, innovations and customer service year after year.

“By offering a low, competitive auto loan rate and a transparent offer, our customers know exactly what they’re getting, every time.”

What does represent as a brand?

Ms Mortimer said is more than just an online lender.

“We understand that no one really wants a loan, but rather a house to live in, a new car to drive, their next investment property, or to save thousands of dollars on an existing loan.

“We put people at the heart of everything we do, and that doesn’t stop at supporting customers with their loans.

“We also do our best to support our local community through our Women, Children and Community program.

“We are involved in many ways, whether it’s financial support through official sponsorship, employer-supported volunteering with our staff donating their time, item donations, or raising awareness. to local charitable causes. strives to support many causes that benefit women, children and the community in Australia. »

Frequently Asked Questions:

What are the requirements for getting a car loan from

For a smooth and comfortable car loan application, you will need to provide:

  • Personal information and identification

  • proof of income

  • Proof of assets and liabilities

    • Information about any other loans you have, such as mortgage and personal loan documents

    • A summary of your stock portfolio if you have one, or a portfolio of other investments such as bonds

    • A summary of your retirement pension

  • Information about your car and your insurance

    • A dealer invoice or sales contract (contains address, contact numbers and ABN)

    • The vehicle chassis number

    • The year, make and model of the car

    • Vehicle registration information

    • Car fuel efficiency information

What other loans does offer? does not only provide car loans. It also offers owner-occupant real estate loans, investment loans, SMSF, green and construction loans.

In the interest of full disclosure, and are both associates of Firstmac.

Image by Rowan Heuvel via Unsplash

The whole market has not been taken into account in the selection of the above products. Instead, a reduced portion of the market was considered. Products from some vendors may not be available in all states. To be considered, the product and price must be clearly published on the product supplier’s website.,, and Performance Drive are part of the Savings Media group. In the interest of full disclosure, Savings Media Group is associated with Firstmac Group. To learn how Savings Media Group handles potential conflicts of interest, as well as how we are paid, please visit the website links at the bottom of this page.

About Galen A. Williams

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