Electrifying Offer - Get 5% Off Your Electric Car Loan APR Rate

Help save the planet, save money on fuel costs and take advantage of our '5% OFF' your loan APR rate, when you get an electric car loan^E with Money3.

How Does it Work?

The offer is only available for electric car loans, when you apply online using the special 'Apply Now' links on this page^E.

You'll need to ensure you pass our general criteria (as below) before you apply¹.

• Be Over 18 Years Old
• Income or Benefits over $400 a Week¹
• Be an Australian Resident
• Get Your Income Paid into Your Account
• Be Employed or Receiving Centrelink¹

When your loan has been pre-approved¹, we'll let you know how much you could borrow to finance your electric car, as well as the regular loan rate and then your 5% off discounted rate.

Next, you'll need to find an electric car you'd like to drive and provided everything checks out and your loan is approved, you could be driving away with a new (or used) electric car. With 5% off your loan rate, you'll start saving money, you'll also be saving on your weekly fuel costs and doing your part in creating a cleaner environment, helping save the planet.

Sounds good? Get started and Apply Now for Your Electric Car loan.

1. Subject to verification, suitability and affordability
E. See our Electric Car Discount Terms & Conditions for details

Electric Cars Advantages & Disadvantages

It's a big decision buying a new car. With environmental concerns and EV technology improving every year; is now the right time for you to buy an electric car?

Advantages of Electric Vehicles

1. Lower Fuel Costs - Electric fuel costs about a third per kilometre, compared to petrol for similar vehicle types
2. Zero CO² Emissions - unlike petrol, EVs do not pump carbon dioxide into the environment
3. Cheaper Maintanance Costs - EVs don't have as many moving parts and are less likely to have problems. Servicing is also easier or cheaper
4. Quieter to Run - which means lower noise pollution
5. Government Incentives - No stamp duty in ACT and $100 annual reduction in registration fees for Victoria (Nov.2019)
6. Improving Technology - Means cheaper EVs with a better running range with some EVs now up to 300 kilometres
7. Cleaner Better World - As well as no CO², EVs do not emit other environmental polutants into the air
8. Off the Grid - It's possible to go 100% solar and off the grid

Disadvantages of Electric Vehicles

1. Cost of New EVs - Prices are coming down, but like for like, they are more expensive than petrol vehicles to buy new, but cheaper to run
2. Fewer Recharge Points - With fewer places to charge your EV than petrol vehicles, long trips may need to be planned in advance. The good news is more and more recharge points are being added every week
3. Driving Range - Most of today's EVs have a range between 50 and 300 kilometers between charges
4. Time to Charge - It may be inconvenient to wait five or six hours for your EV to fully charge, but quick charges up to 80% of your battery may only take around 40 or 50 minutes
5. Home Charging Point - Depending on where you live, you may need to install a charging point in your home
6. Quieter to Run - although also an advantage, it may lead to accidents with unexpecting pedestrians or cyclists
7. Peak Electric Costs - Charging your EV during peak electricity hours may push costs up, but off peak costs are significantly cheaper than using petrol

Also see:

Used Cars Campervans Vans Motorbikes Caravans Trailers Boats