Can I finance a BMW electric car?

Yes, you can finance a BMW EV with the same loan options as petrol models. Look for green car loans.

BMW Finance is a finance product with a guaranteed buyback amount at the end of the term, keeping monthly payments lower.

Can I get a novated lease on a BMW?

Yes, BMWs are popular on novated lease plans. Speak to your employer or a novated lease provider to confirm eligibility.

BMW Finance 2024: Find Loan Options from 7+ Lenders

What type of car are you looking to buy?

Get pre-approved with a third-party lender before talking to the BMW dealer so you have stronger negotiating power.
Compare BMW Select (GFV) plans to traditional car loans to see if lower monthly repayments suit your lifestyle.
Check green car loan discounts if you're financing a BMW EV like the i4 or iX1, as lenders often reward low-emission vehicles.

Compare BMW loan options

13 of 152 results

Finder Score	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
8.5 Great Stratton Finance New Car Loan Fixed1 - 7 Years $10,000 - $300,000	8.5 Great	Interest Rate (p.a.) 6.2% to 18%	Comp. Rate (p.a.) 6.63% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $622.31	Your own personal car loan broker can help you borrow up to $300,000 for your new car by choosing from a range of finance options.	Go to site View details Compare product selectionCompare	loading
8.9 Great IMB New Car Loan Fixed1 - 7 Years $2,000 - $125,000	8.9 Great	Interest Rate (p.a.) 6.24%	Comp. Rate (p.a.) 6.59%	Application Fee $250	Monthly Fee $0	Monthly Repayment $618.25	Borrow up to $125,000, pay no account-keeping fees and repay with fixed repayments while having the ability to repay early.	Go to site View details Compare product selectionCompare	loading
9.3 Excellent OurMoneyMarket New Car Loan ($5,000-$100,000) Fixed1 - 7 Years $5,000 - $100,000	9.3 Excellent	Interest Rate (p.a.) 5.95% to 18.99%	Comp. Rate (p.a.) 5.95% to 21.78%	Application Fee $0 min.	Monthly Fee $0	Monthly Repayment $607.99	No monthly or early exit fees. Loan amounts range from $5,000 to $100,000. Eligibility: Applicants must have an Equifax credit score of 500 or above, an annual income of more than $25k, and must be an Australian citizen or permanent resident.	Go to site View details Compare product selectionCompare	loading
8.3 Great loans.com.au - New/Demo - Variable Rate Variable3 - 7 Years $10,000 - $150,000	8.3 Great	Interest Rate (p.a.) 5.94% to 16.89%	Comp. Rate (p.a.) 7.07% to 18.01%	Application Fee $400	Monthly Fee $8	Monthly Repayment $628.05	Go to site View details Compare product selectionCompare	loading
7.7 Great RACV New Car Loans Fixed1 - 7 Years $5,000 - $100,000	7.7 Great	Interest Rate (p.a.) 6.99% to 18.19%	Comp. Rate (p.a.) 7.57% to 18.29%	Application Fee $499	Monthly Fee $0	Monthly Repayment $632.86	Go to site View details Compare product selectionCompare	loading
8.3 Great loans.com.au - Variable Rate Used Car < 5 years Variable3 - 7 Years $10,000 - $150,000	8.3 Great	Interest Rate (p.a.) 5.94% to 16.89%	Comp. Rate (p.a.) 7.07% to 18.01%	Application Fee $400	Monthly Fee $8	Monthly Repayment $628.05	Go to site View details Compare product selectionCompare	loading
9.3 Excellent OurMoneyMarket Used Car Loan ($5,000-$100,000) Fixed1 - 7 Years $5,000 - $100,000	9.3 Excellent	Interest Rate (p.a.) 5.95% to 18.99%	Comp. Rate (p.a.) 5.95% to 21.78%	Application Fee $0 min.	Monthly Fee $0	Monthly Repayment $607.99	No monthly or early exit fees. Loan amounts range from $5,000 to $100,000. No vehicle age limit. Eligibility: Applicants must have an Equifax credit score of 500 or above, an annual income of more than $25k, and must be an Australian citizen or permanent resident.	Go to site View details Compare product selectionCompare	loading
8.5 Great Stratton Finance Used Car Loan Fixed1 - 7 Years $10,000 - $300,000	8.5 Great	Interest Rate (p.a.) 6.2% to 16.53%	Comp. Rate (p.a.) 6.63% to 17.85%	Application Fee $395	Monthly Fee $0	Monthly Repayment $622.31	Your own personal car loan broker can help you borrow up to $300,000 for your new car by choosing from a range of finance options.	Go to site View details Compare product selectionCompare	loading
7.3 Great RACV Used Car Loans Fixed1 - 7 Years $5,000 - $100,000	7.3 Great	Interest Rate (p.a.) 7.99% to 17.99%	Comp. Rate (p.a.) 8.57% to 18.47%	Application Fee $499	Monthly Fee $0	Monthly Repayment $642.27	Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.	Go to site View details Compare product selectionCompare	loading
8.2 Great loans.com.au - Variable Rate Used Car < 3 years Variable3 - 7 Years $10,000 - $150,000	8.2 Great	Interest Rate (p.a.) 5.94% to 16.89%	Comp. Rate (p.a.) 7.07% to 18.01%	Application Fee $400	Monthly Fee $8	Monthly Repayment $628.05	Go to site View details Compare product selectionCompare	loading
7.2 Great loans.com.au - Fixed Rate Used Car Loan (6 to 7 years) Fixed3 - 7 Years $10,000 - $150,000	7.2 Great	Interest Rate (p.a.) 7.49% to 16.29%	Comp. Rate (p.a.) 8.62% to 17.41%	Application Fee $400	Monthly Fee $8	Monthly Repayment $642.47	Go to site View details Compare product selectionCompare	loading
8.9 Great ING Personal Loan Fixed2 - 7 Years $5,000 - $60,000	8.9 Great	Interest Rate (p.a.) 6.19% to 19.99%	Comp. Rate (p.a.) 7.03% to 20.78%	Application Fee $199	Monthly Fee $8	Monthly Repayment $624.23	Go to site View details Compare product selectionCompare	loading
7.5 Great NAB Unsecured Fixed Rate Personal Loan Fixed1 - 7 Years $5,000 - $55,000	7.5 Great	Interest Rate (p.a.) 7.5% to 22%	Comp. Rate (p.a.) 8.54% to 22.88%	Application Fee $0	Monthly Fee $15	Monthly Repayment $637.12	Go to site View details Compare product selectionCompare	loading

Showing 13 of 13 results

Finder Score for car loans

To make comparing car loans even easier we came up with the Finder Score. Interest rates, fees and features across 200+ car loan products and 100+ lenders are all weighted and scaled to produce a score out of 10. The higher the score, the more competitive the product.

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Bmw loan options explained

BMW Finance (Guaranteed Future Value)

BMW Finance, sometimes known as a Guaranteed Future Value (GFV) loan, is a finance arrangement where you pay lower monthly repayments and have a guaranteed buyback amount at the end of the term. You can return the vehicle, refinance the final amount or buy it outright. This is popular with people who like to change cars regularly.

Secured car loan

Use your BMW as security to get a lower rate. You borrow the money for your purchase, repay it over a fixed term and the car is the collateral. While most banks are willing to work with you to find a solution should you run in to financial trouble during your loan, a secured car loan does mean that the vehicle can be repossessed by the bank.

Chattel mortgage

Popular with business buyers, this gives you immediate ownership while the lender takes a mortgage over the vehicle. With a chattel mortgage you can structure repayments with a balloon payment to help manage cash flow.

Novated lease

A novated lease is an agreement between you, your employer and a finance company, where your employer makes the lease payments from your pre-tax salary. This can reduce your taxable income and bundle costs like fuel, insurance and servicing into one package. At the end of the lease, you can pay out the residual to keep the car, trade it in for another or hand it back. Be sure to check how fringe benefits tax applies and what happens if you change jobs.

Dealer finance

BMW dealers may offer their own finance plans, sometimes with bonuses or discounted servicing. Always compare these to independent car loans, as dealer rates can include large balloon payments.

BMW electric vehicle (EV) finance options

BMW's i-range is growing quickly. Whether you choose an iX1, i4 or i7, you can finance an EV with the same loan products as petrol BMWs. Many lenders will offer discounts for low-emission vehicles, so check for green car loan rates.

Example: Comparing BMW loan options for a new BMW X1

Emma, a 35-year-old marketing manager from Sydney, was ready to buy a brand new BMW X1, priced at $75,803 driveaway. She compared two finance options:

Option 1: Secured car loan from St.George Bank
- Comparison rate of 7.69% p.a.
- 5-year term with no balloon payment
- Monthly repayments around $1,531
- Total repayment approximately $91,860
Option 2: Secured car loan from IMB Bank
- Comparison rate of 6.34% p.a.
- 5-year term with a $15,000 balloon payment
- Monthly repayments around $1,285
- Final balloon payment of $15,000
- Total repayment if the balloon is paid: roughly $92,100

Emma chose the IMB Bank loan because the lower monthly repayments gave her more financial breathing room and she was confident she could manage the $15,000 balloon payment at the end of the term. She also liked that IMB allowed extra repayments without penalty, so she could potentially pay off the balloon early if her circumstances changed.

Current BMW models and pricing in Australia (2025)

BMW 1 Series: From $63,774 driveaway
BMW 3 Series: From $110,5060 driveaway
BMW 5 Series: From $145,444 driveaway
BMW X1: From $75,803 driveaway
BMW X3: From $94,880 driveaway
BMW X5: From $154,835 driveaway
BMW iX1 (EV): From $94,096 driveaway
BMW iX2 (EV): From $94,936 driveaway
BMW i4 (EV): From $95,146 driveaway
BMW i7 (EV luxury): From $327,592 driveaway

Costs to consider beyond the loan

Stamp duty
Dealer delivery fees
Registration and insurance
Optional extras (paint, wheels, upgrades)
Interest charges over the loan

Features to compare in a BMW loan

Interest rate and comparison rate
Fees and charges
Repayment schedule and any balloon payment
Flexibility for extra repayments
Loan term and minimum/maximum amounts

Tips for getting the best BMW finance deal

Get pre-approval from a lender before visiting a BMW dealership
Check if your employer offers novated lease benefits
Compare BMW Select to traditional secured loans
Ask the dealer about all fees, including final balloon amounts

What you need to apply for a BMW loan

Be 18+ with Australian residency
Good credit history
Minimum income thresholds (lender dependent)
Photo ID (driver's licence or passport)
Proof of income (payslips or tax returns)
Details of the BMW model you want to buy

BMW loan FAQs

Sources

Thank you for your feedback!

Written by

Tim Falk

Writer

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Tim Falk is a writer for Finder, writing across a diverse range of topics. Over the course of his 20-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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Buying a new Beemer? Here’s how to find the BMW finance you need for your next set of wheels.

Key takeaways