Westpac Car Loan
Westpac offers a secured car loan with rates ranging from 6.49% to 12.99% for new and used vehicles up to 7 years old.
Last checked on June 11, 2026. We may earn a commission when you click through.
Westpac's car loan features competitive rates and flexible terms, making it a solid choice for many borrowers.
Westpac Car Loan
Updated 1 month agoAPR Range
6.49–12.99%
Amount
A$5k–A$100k
Term
12–84 months
Type
car_finance
You'll be redirected to westpac.com.au
Our Verdict
Westpac's car loan features competitive rates and flexible terms, making it a solid choice for many borrowers.
Best For
This loan is best for Australian residents looking to finance a new or used vehicle with manageable repayments.
Watch Out
Be mindful of the higher end of the APR range, as rates can reach up to 12.99%, which may add significant costs over time.
Pros
- Flexible loan terms from 12 to 84 months
- Competitive starting APR of 6.49%
- Secured loans for both new and used vehicles
Cons
- Higher APR could lead to increased costs
- Eligibility requirements may exclude some applicants
- Customer service experiences vary
Full Review
Westpac's car loan stands out with a minimum loan amount of $5,000 and terms from 12 to 84 months. This flexibility allows borrowers to choose a repayment plan that suits their budget. The interest rates, ranging from 6.49% to 12.99%, are competitive, but the upper limit may deter those seeking the lowest possible costs.
For those with a solid credit history, the lower rates are quite appealing. However, potential borrowers should ensure they meet the eligibility requirements, including being an Australian resident, having a regular income, and being at least 18 years old. Approval times are generally quick, but hidden fees may exist, so reviewing the loan agreement is crucial.
In comparison to other lenders like ANZ or Commonwealth Bank, Westpac provides a straightforward application process. However, some users report that customer service could be improved, particularly during peak times. Overall, this loan is a good fit for those who prefer a reputable lender with flexible options. For further details, visit Westpac's official site.
Who Is This For?
This loan is ideal for Australians seeking to finance a vehicle with a reliable lender offering flexible repayment options.
What Borrowers Say
Borrowers appreciate the competitive rates but have noted variability in customer service experiences.
Summary
Westpac's car loan delivers competitive rates and flexible terms, but applicants should be aware of potential higher costs and customer service concerns.
About This Loan
Requirements
- Australian resident or citizen
- Regular income
- Age 18+
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