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3 Things You Must Know About Electric Vehicle Car Loans

January 31, 20231 min read

If you want to buy an electric vehicle chances are you'll want a car loan to seal the deal.

Below are 3 important things you must know before getting an electric vehicle car loan.

Tip 1. Lenders have special loans for electric cars or green cars with LOWER interest rates and LOWER fees.

Many lenders want to support the shift to green energy and therefore provide discounts on car loans for electric vehicles or green vehicles. This could save you a lot of money through the life of your loan.

Tip 2. Some lenders offer better rates on newer vehicles.

A new car can have an interest rate that is 1.5% lower than a 5 year old car.

That’s a big difference over the life of a loan and could help you get into a newer vehicle.

Tip 3. Shop around

Not all lenders offer green car loans and the amount of discount can vary a lot so it’s important to shop around.

But be careful shopping around because each application directly to a lender can negatively affect your credit score.

To find the best deal use a good online loan service that:

  • has over 40 lenders to choose from

  • knows which lenders offer green car loans

  • won’t hurt your credit score

  • and has high Google ratings.

nmoni is a really good perfect choice when you need to shop around for an electric vehicle car loan.

Click here to apply - it only takes 2 minutes and they will shop around 40 lenders for you without hurting your credit score.

Follow these three tips and you’ll be well on the way to getting a great loan on an electric or Green car.

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Michelle Gorsevski

Michelle Gorsevski B.Bus(Acc) Dip FS(FMBM) Cert IV FS(FMB) www.nmoni.com.au Michelle Gorsevski is the Founder and Managing Director of nmoni, one of Australia’s fastest growing fintech’s.

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