Top Car Finance Options for Winter 2026

You'd pick this if securing the lowest rate is your priority. Harmoney's 7.99% starting APR is unmatched among major lenders, making it a standout for those with strong credit. However, the unsecured nature means higher risk for the lender, impacting those with less-than-perfect scores. The draw here is the soft credit check—an advantage if you're rate shopping without affecting your score.

For borrowers with good credit looking beyond traditional banks, MTF Finance offers a competitive starting rate of 8.95%. What sets this apart is its non-bank status, providing flexibility and potentially lower rates than big banks. The trade-off: deals are only through brokers or dealers, which might not suit those preferring a direct approach.

Worth considering because of its established brand reputation, AA Money offers rates ranging from 9.40% to 12.15%. This wide range can be advantageous depending on your credit profile. However, the 60-month term cap could be a limitation if you're looking for longer repayment periods.

If you value extended terms, ANZ's car loan offers up to 7 years, giving you the flexibility to manage your repayments over a more extended period. The absence of application and early repayment fees makes this an attractive option. However, the single fixed rate of 13.90% is not the lowest, so it's best for those who value certainty over rate shopping.

For Westpac customers seeking the lowest big-bank rate, this loan offers 12.90% with no early repayment fees—a rare find among major institutions. The catch is the 5-year term limit, which may not suit everyone looking for longer repayment options. It's a solid choice if you're already banking with Westpac and want to keep all financial dealings under one roof.

What sets this apart is ASB's combination of competitive rates and a 7-year term, offering a balance between cost and flexibility. However, you'll need to be an ASB customer to access these benefits. It's a strong option for those committed to staying with ASB long-term.