Car Finance in 2026: Best Picks for Every Need

NAB Secured Car Loan works well when you're after a major bank's reliability with transparent terms. The fixed-rate range from 6.74% to 13.54% is not only competitive but also upfront — no exit fees here. Plus, the 0.75% EV discount is a nice touch for those considering electric vehicles. However, it's a solo-borrower product, and you'll need to handle monthly direct debits.

The draw here is CommBank's attractive EV discount — 6.49% for eligible vehicles. It's a solid option if you want fixed-rate certainty and flexible terms. But keep in mind, there's an establishment fee and monthly account fee that add to the cost.

Westpac's green vehicle discount from 6.49% is worth considering because it matches some of the best rates out there. Plus, no early repayment fees make it a forgiving choice if your financial situation changes. Just remember, used vehicles must be under 7 years old.

With Plenti, you'd pick this if you need high limits and a quick quote process that doesn't affect your credit score. Starting rates at 7.49% are competitive, but only for strong applicants. The fast digital application is a plus, although the comparison rate is notably higher than the headline rate.

Toyota Finance offers a unique setup where you can customize your loan directly at the dealership. This is handy if you're buying a Toyota, although the rates might not be the lowest. The balloon payment option also increases the total cost, so weigh this carefully.