Electric vehicle and hybrid finance
EVs and hybrids for business or private use. We match the structure to how you'll use the car, get you pre-approved, and help you weigh up the running-cost savings against the repayment.
Electric and hybrid vehicles are a growing part of what we finance, for businesses and private buyers alike. For business use it's usually a chattel mortgage; for private use it's a consumer secured car loan. We finance new, used and imported EVs and hybrids, handle trade-ins, and get you pre-approved before you shop.
Who it's for
Business owners and fleets moving to electric or hybrid vehicles, plus private buyers financing a personal EV or hybrid.
Business EV? A chattel mortgage
If the EV or hybrid is mainly for business, it's generally financed on a chattel mortgage — you own the vehicle from day one and it's secured against the loan. Business use can also bring GST and depreciation into play, but how that applies is a tax question — confirm with your accountant.
Private EV? A consumer car loan
If the EV or hybrid is for personal or family use, it's a consumer secured car loan — regulated consumer credit, assessed on your income and serviceability. It carries a comparison rate, and there's no GST or depreciation to claim because it isn't a business asset.
Fuel and running-cost savings
EVs and hybrids can be cheaper to run than a petrol or diesel equivalent, and those fuel and servicing savings can help offset the repayment over time. How much you save depends on how you drive and charge — our EV-vs-diesel calculator (/ev-vs-diesel-calculator) is a handy way to sketch it out before you decide.
New, used or imported EVs
We finance new, used and imported electric and hybrid vehicles. Used and private-sale cars need a PPSR title check, which we handle, and imported vehicles can be financed too — though they usually need a smarter structure, so it's worth a conversation first.
Pre-approve, then trade in and shop
Get pre-approved so you know your budget, then trade in the old vehicle and shop with confidence. We work with a panel of lenders for business deals and a panel of lenders for consumer loans, so we can match the right option before you commit.
What repayments might look like
Business example: a $45,000 EV on a chattel mortgage at an indicative 7.5% p.a. over 5 years with no balloon is around $900 a month before any fuel savings are considered. Personal example: a $45,000 consumer car loan over 5 years at an indicative consumer rate sits in the low-$900s a month. Both are estimates only, exclude fees and charges, are not a quote, and are subject to the lender's assessment.
Talk to a specialist
Get a competitive rate and the right structure for your next asset. No obligation, no credit-file hit to ask.
- Panel of commercial lenders
- Low-doc options for established ABNs
- Pre-approval before you buy
Work it out backwards.
Start with a repayment that keeps cash in your business and see what it finances — then we’ll line up a competitive rate to match.
A balloon lowers your monthly repayment and keeps cash in the business. ~30% is common; new vehicles can go to 40%.
Real rates today typically sit in the 6–9% range depending on the asset, its age, your ABN and security. A guide, not a quote.
Estimate only, excluding fees and charges. Not a quote, offer, or credit assistance. Actual repayments depend on the lender’s assessment.
Common questions
Yes. A business EV or hybrid is generally financed on a chattel mortgage — you own it and it's secured against the loan, with possible GST and depreciation benefits to confirm with your accountant. We match you to a lender from our panel that's comfortable with electric vehicles.
Explore more finance
Ready to move on your next asset?
Get pre-approved and negotiate as a cash-equivalent buyer — we'll handle the rate, the structure and the paperwork.