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2020 Hyundai IONIQ Electric review

Thinking of purchasing a Hyundai EV? Read our IONIQ review first.

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finder score: 82.25%

Avg. critics score: 82.25%
4 critics
How did we calculate this? We analysed and aggregated the scores of CarAdvice, Drive, CarsGuide and Exhaust Notes Australia to bring you the finder.com.au score. This is a comprehensive score that brings together the four different expert ratings you see below.
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Critic reviews

WebsiteRatingNotable quotes
CarAdvice83%"The Hyundai Ioniq may be the carmaker's first foray into electrification, but it's also the most convincing EV yet when considering the overall value package."Read more
Drive79%"The Hyundai Ioniq hybrid, plug-in hybrid, and electric car range has been updated just 12 months after going on sale. There's more tech, but prices have risen."Read more
CarsGuide80%"Comfortable, quick, well equipped, and practical it's bringing zero tailpipe emissions closer to the masses."Read more
Exhaust Notes Australia87%"Everything about the IONIQ EV is made with convenience and efficiency at the forefront of its design. From its heated steering wheel to the acceleration coming from the 100kW motor, there is not one edge on this car that is not smooth and sleek."Read more

How does the Hyundai IONIQ Electric compare with its peers?

Name Product Finder Score Number of seats Single Charge Range (km) ANCAP rating Price (from) Review
Tesla Model S
88.5%
5 seats
713
5 stars
$111,400
Porsche Taycan
87.75%
5 seats
485
5 stars
$280,300
Tesla Model 3
83.5%
5 seats
620
5 stars
$83,400
Polestar 2
83.25%
5 seats
540
5 stars
$59,900
Hyundai IONIQ
Green Company
Hyundai IONIQ
82.25%
5 seats
311
5 stars
$48,970
Hyundai Kona Electric
82%
5 seats
557
5 stars
$58,500
MG ZS EV
82%
5 seats
263
5 stars
$43,990
Nissan Leaf
76%
5 seats
385
5 stars
$49,990
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A comprehensive review of the Hyundai IONIQ Electric

Pricing

Hyundai's IONIQ Electric range comprises two different trims, Elite and Premium.

Hyundai IONIQ Electric Elite

Hyundai charges from $53,363 for the entry-model Elite model.

Key features include 7 airbags, 16-inch alloys, a 10.25-inch multimedia infotainment touchscreen, sat nav, Apple CarPlay and Android Auto phone connectivity, a DAB digital radio, a rearview camera, rear parking sensors, SmartSense Safety Pack, an 8-speaker Infinity premium sound system, smart key, push-button start, auto dusk-sensing headlamps and rain-sensing wipers.

Hyundai IONIQ Electric Premium

As the name suggests, the Premium model has extra features over the Elite. You'll pay $57,603.

However, for the money, you get front parking sensors, seats appointed in leather, a glass sunroof, Qi-standard wireless smartphone charging, heated and ventilated seats upfront, a driver's seat memory system with power adjustment, alloy sports pedals and satin chrome trim around the doors, among other things.

Servicing costs

Buyers can also pre-pay for servicing, with 3 years maintenance costing $480, and up to 5 years priced at $1,400. Those costs are much cheaper than the Hybrid IONIQ, where the 3-year servicing pack costs $795 and 5 years sets you back $1,525.

Warranty

The IONIQ Electric has a 5-year, unlimited kilometre warranty. There's an 8-year (or 160,000km) warranty covering the battery.

The IONIQ has a 5-star ANCAP safety rating.

Click on a price to compare car loans for the Hyundai IONIQ.

Hyundai IONIQ Electric EliteHyundai IONIQ Electric Premium
38.3kWh, 319.4V, single-speed, FWD: $53,36338.3kWh, 319.4V, single-speed, FWD: $57,603

Paint colour options are:

  • Polar White (Free)
  • Fiery Red ($520)
  • Intense Blue ($520)
  • Amazon Gray ($520)
  • Fluid Metal ($520)
The above prices are maximum estimated driveaway prices for the Hyundai IONIQ Electric in NSW postcode 2000. They include:
  • Manufacturer List Price (MLP)
  • 12 months registration
  • Compulsory Third Party insurance (CTP)
  • Delivery charges
  • Stamp duty

Overview

If you want a thoroughly practical electric car, the Hyundai IONIQ Electric is one of the most affordable and usable battery-powered models. With a decent range, excellent specification and an extensive list of safety features, the IONIQ Electric is a very compelling proposition for those considering an EV.
WebsiteProsConsNotable quote
CarAdvice
  • Rapid and smooth performance
  • Comfortable
  • Practical
  • Adjustable energy recuperation
  • Boot depth
"The Hyundai Ioniq may be the carmaker's first foray into electrification, but it's also the most convincing EV yet when considering the overall value package."
Drive
  • Hybrid, Plug-in or EV available
  • Cheap EV servicing
  • Price rise over older models
  • Keen Lane Keeping Assist
  • Affordability
"The 2020 Hyundai Ioniq range brings genuinely worthwhile improvements, but the price rises of up to $3,500 demonstrate that electric-car technology is still a long way from being affordable to the motoring masses."
CarsGuide
  • Bigger battery
  • Reasonable boot
  • Lots of features, especially safety
  • Not cheap
  • Low roofline in rear
"With revised design inside and out, upgraded tech, and a bigger battery, this Electric model is pricier, but even at around $50K remains at the affordable end of the expanding EV market."
Exhaust Notes Australia
  • Regen braking
  • Interior layout and styling
  • Safety system
  • Sports mode
  • Front-end design
  • Driving range
  • ECO+ mode
"You could fill up an encyclopedia, or at least a very large notebook, with the features offered by the 2020 Hyundai IONIQ Electric Premium. But to make it simple, we've whittled it down to a single word; polished."

Motor and performance

Hyundai installs a single 100kW electric motor into the EV IONIQ. It drives the front wheels only. Power is rated at 100kW, while torque is a healthy 295Nm. As a permanent magnet synchronous motor type, it should deliver high levels of efficiency, certainly much higher than a conventional combustion engine. Advantages of this motor include favourable power to weight ratios and a reputation for solid reliability.

According to Hyundai Germany (we couldn't find the information from Australia), the IONIQ Electric is capable of 165km/h flat out and it can accelerate from 0-100km/h in 9.9 seconds using sport mode. In normal mode, you'll need to add on 0.3 seconds, making it 10.2 to 100km/h.

Hyundai IONIQ transmissions

Where a conventional engine is matched with a multi-gear transmission, an electric car doesn't really need all of those speeds. This is because EVs are high-revving, meaning they spin fast. They are capable of delivering 100% torque right from the off. You don't need to have extra gears, which help extract the optimum performance from an engine, as they deliver their power and torque more consistently. This also saves weight and improves efficiency thanks to fewer moving parts.

As a result, the IONIQ Electric has a single-speed drivetrain.

Car reviewers' impressions of the Hyundai IONIQ engine and transmission line-up

How did car reviewers find the IONIQ's motor and transmission?

The car apparently is a bit of a train, in that it seems to be able to pull with ease at any speed.

One tester said sport mode was a must for ducking and weaving through city traffic, giving slightly faster acceleration. Others stated the IONIQ, despite not being a sports car, was actually very spirited and enjoyable while in this mode.

A nice side-benefit noticed by reviewers was the extra space afforded by no conventional gearbox and the lack of a clutch. Testers also said that the regen braking, where you lift off the throttle pedal and the car slows you down, took little time to get used to. You can change the level of how aggressive the energy reclaiming and braking effect is, using paddle shifters that sit just behind the steering wheel. One reviewer labelled it one-pedal mode, a bit like dodgem/bumper cars.

As their name suggests, Eco and Eco+ are the driving modes to go for when you want to maximise your range and efficiency. One of the motoring panellists preferred these modes when driving around town.

To sum it up, you should quickly get used to using the car, with the biggest difference from a traditional fossil-fuelled car likely to be the lack of engine noise.

Hyundai IONIQ motor and transmission figures

100kW electric motor
Motor typePermanent Magnet Synchronous Motor
DrivetrainFWD
Power100kW
Torque295Nm
TransmissionSingle-speed reduction gear
Battery typeLithium-ion Polymer
Battery capacity38.3kWh
Voltage319.4V
Range373km (using NEDC)
311km (WLTP)
Charge times80% battery in 54 minutes (on DC fast-charger)
6 hours 5 minutes on AC charging station
17 hours 30 minutes using emergency 240V AC cable
Acceleration (0-100km/h)9.9 seconds (Sport mode, according to Hyundai Germany)
10.2 seconds (Normal mode, Hyundai Germany figures)
Top speed (km/h)165km/h (Hyundai Germany figures)
SecurityImmobiliser and Anti-theft alarm
TransmissionSingle-speed reduction gear

Battery charging and range

How much energy does the Hyundai IONIQ Electric use? And how far will it travel on a single charge?

We use the Green Vehicle Guide as our source for energy efficiency and range statistics for all of our car reviews. Incidentally, it ranks as the greenest vehicle on that website. According to the GVG, the IONIQ Electric uses 117Wh per km. There are 1,000 watts in a Kilowatt hour.

To travel 14,000kms in one year, with a 66% urban and the rest high-speed driving mix, it estimated you'd spend $491 on electricity. That's based on the electricity costing 30 cents per kWh. Factoring in the lifetime emissions from the power plants and manufacturing, while tailpipe emissions are zero (EVs don't have an exhaust), the IONIQ Electric is responsible for 103g of CO2 per km. By comparison, a Hyundai i30 1.6-litre diesel hatch outputs 142g/km depending on the trim. The EV's carbon dioxide figures should lower when Australia switches to a renewables-oriented mix for power generation.

EV range

Hyundai's official figures indicate the IONIQ EV is good for 311km (according to the WLTP test) before the battery will need recharging.

You need to know this about fuel efficiency figures
Car manufacturers have to put their vehicles through stringently-mandated fuel efficiency tests. As a result, they remove variables like weather conditions, fluctuating traffic levels, aggressive driving styles and vehicle wear/maintenance conditions.

As a result (and this is true of all vehicles, whether electric or with an engine), what you're able to achieve in real-world driving, on public roads, may differ.

How did the IONIQ EV fare at the hands of car reviewers? Pretty well it seems.

One motoring journalist discovered that Hyundai's range claims of 311km were not unrealistic. They also felt the trip computer did an excellent job of calculating the remaining charge levels. Another tester was able to get reasonably close to the factory energy consumption digits.

Practically, using Hyundai's trip calculator, that should mean you're able to drive as far as Lithgow on the western side of the Blue Mountains and back from Dawes Point, on one charge. Or, you should be able to drive from Dawes Point, New South Wales to Canberra with 7% left in the battery.

Charging

What was the charging experience like on the IONIQ? If you want to charge the car when you're out and about, you have to purchase an optional cable. You'll need a type 2 connector, which is available from Hyundai for $495, including GST as of October 2020. Using a public DC fast-charging station, Hyundai says you can charge to 80% in just 54 minutes. If you use a home or work AC charging station, you can comfortably recharge the battery overnight or during a workday, in 6 hours and 5 minutes.

Plug it into a domestic wall socket, using the emergency charging cable and Hyundai says it'll take 17 hours and 30 minutes to charge to 100%.

Handling

Though the Hyundai IONIQ is not a sports car, most drivers will be expecting it to be comfortable and capable on the roads. And the IONIQ ostensibly ticks both those boxes. In fact, car reviewers decided it was actually the best handling of the entire IONIQ range, which also includes Hybrid and Plug-in Hybrid variants. That's because while all have been Aussie-tuned, the Electric rides on different (and theoretically less compliant) suspension at the back. Engineers went this route to help support the mass of the battery cell at the boot-end.

According to testers, the car soaks up and softens out even the bumpiest of roads with relative ease, so it shouldn't be too jarring a ride.

In the corners, most of the reviewers agreed the IONIQ was surprisingly grippy and eager. That might have something to do with it having sports car credentials, an almost evenly balanced weight distribution. One tester summed it up when they described the car as being plain and nothing exciting, but a little more interesting when you enter Sports mode.

It won't set a driving purist's heart fluttering, but for everyday driving, it is more than up to the job, according to the motoring experts.
Interior and equipment

The first thing you'll notice about the cabin, at least according to several of the car reviewers, is how quiet it is. That's thanks to the electric motor. Although, a common observation with any EV is once the thrumming engine has gone, you start to hear other noises that were always there, only drowned out. For example, you can hear the rubber of the tyre treads gripping the road.

Testers labelled it as a comfy and decently spacious interior. The driver should notice this most as there's no clutch pedal anymore and a slimline transmission tunnel. The seats are reportedly very comfortable. Testers discerned there was plenty of storage room for incidentals. Journalists stated the materials used throughout the interior were of high quality.

It's nice to hear that Hyundai uses raw and recycled materials where possible. The interior door trims are made from a blend of plastic, powdered wood and volcanic stone. This also reduces weight by 20%. Hyundai uses sugar cane in its internal fabrics, up to 20%. Soft-touch materials are made of up to 25% sugar cane.

Even the metallic paint is produced using extracts from soybean oil. Testers also rated the infotainment and driver display favourably, stating they were intuitive and easy to operate.

The only downside was the sloping rear roof does mean taller occupants in the back might be squeezed in there. Some comments were made about the size of the boot also, as it isn't as large as comparably-sized Hyundai models, though it still appears to accept a pram if needed. The capacity measures 357 litres if you fill the boot to the top of the rear seats. If you pack in even more stuff, it should accept up to 462 litres. With the rear seats dropped forwards, you'll expand the carrying capacity to 1,417 litres.

The IONIQ has impressive specifications, appearing to be well designed and apportioned internally for everyday use.

Interior and equipment

The first thing you'll notice about the cabin, at least according to several of the car reviewers, is how quiet it is. That's thanks to the electric motor. Although, a common observation with any EV is once the thrumming engine has gone, you start to hear other noises that were always there, only drowned out. For example, you can hear the rubber of the tyre treads gripping the road.

Testers labelled it as a comfy and decently spacious interior. The driver should notice this most as there's no clutch pedal anymore and a slimline transmission tunnel. The seats are reportedly very comfortable. Testers discerned there was plenty of storage room for incidentals. Journalists stated the materials used throughout the interior were of high quality.

It's nice to hear that Hyundai uses raw and recycled materials where possible. The interior door trims are made from a blend of plastic, powdered wood and volcanic stone. This also reduces weight by 20%. Hyundai uses sugar cane in its internal fabrics, up to 20%. Soft-touch materials are made of up to 25% sugar cane.

Even the metallic paint is produced using extracts from soybean oil. Testers also rated the infotainment and driver display favourably, stating they were intuitive and easy to operate.

The only downside was the sloping rear roof does mean taller occupants in the back might be squeezed in there. Some comments were made about the size of the boot also, as it isn't as large as comparably-sized Hyundai models, though it still appears to accept a pram if needed. The capacity measures 357 litres if you fill the boot to the top of the rear seats. If you pack in even more stuff, it should accept up to 462 litres. With the rear seats dropped forwards, you'll expand the carrying capacity to 1,417 litres.

The IONIQ has impressive specifications, appearing to be well designed and apportioned internally for everyday use.

IONIQ Electric Elite

The Elite trim has 16-inch alloys, cloth seating (which reviewers praised), a 10.25-inch infotainment touchscreen, sat nav, Apple CarPlay and Android Auto, DAB radio, a 7-inch LCD screen for the driver with a trip computer and digital speedo, a rearview camera with rear parking sensors, an 8-speaker sound system, auto dusk-sensing headlights, rain-sensing wipers, a smart key with push-button start and lots more.

The safety system on the IONIQ is all-inclusive, to say the least. It has a 5-star ANCAP safety rating. Standouts include:

  • Hyundai Smart Sense:
    • Blindspot Collision Warning (BCW)
    • Driver Attention Warning (DAW)
    • Forward Collision-Avoidance Assist (FCA)
    • High Beam Assist (HBA)
    • Lane Following Assist (LFA)
    • Lane Keeping Assist - Line (LKA-L)
    • Rear Cross-Traffic Collision Warning (RCCW)
    • Smart Cruise Control with Stop and Go (SCC w/ S&G)
  • Rain-sensing wipers
  • Electronic Stability Control (ESC), with Anti-lock Braking System (ABS), Brake Assist System (BAS), Electronic Brakeforce Distribution (EBD), Hill-start Assist Control (HAC), Traction Control (TC) and Vehicle Stability Management (VSM)
  • 7 airbags

Additionally, the IONIQ has an Emergency Stop Signal (ESS), rearward parking sensors, a rearview monitor with parking guidance (RVM w/PG) and a Tyre Pressure Monitoring System (TPMS), which also reads out each tyre's pressure individually.

IONIQ Electric Premium

Step up to the Premium model and you'll get front parking sensors, leather-appointed seats, glass sunroof, LED headlights, Qi wireless smartphone charging, heated and cooled front seats, a driver's seat memory position system, power-adjustable driver's seat, passenger seat height-adjustment, sports alloy pedals and various trim pieces to differentiate it from the Elite.

Hyundai IONIQ Electric safety, security and driver assists

ElitePremium
5-star ANCAP
Airbags:
  • Driver and front passenger
  • Driver's knee airbag
  • Front driver and front passenger side (thorax) airbags
  • Side curtain airbags front and back row
Cruise control
Anti-lock Braking System (ABS)
Brake Assist System (BAS)
Auto-dimming Electro-chromatic Mirror (ECM)✖️
Electronic Brakeforce Distribution (EBD)
Hill-start Assist Control (HAC)
Traction Control System (TCS)
Vehicle Stability Management (VSM)
Hyundai SmartSense:
  • Blind-Spot Collision Warning (BCW)
  • Driver Attention Warning (DAW)
  • Forward Collision-Avoidance Assist (FCA - City/Urban/Interurban/Pedestrian)
  • High Beam Assist (HBA)
  • Lane Following Assist (LFA)
  • Lane Keeping Assist (LFA)
  • Lane Keeping Assist - Line (LKA-L)
  • Rear Cross-Traffic Collision Warning (RCCW)
  • Smart Cruise Control with Stop and Go (SCC w/ S&G)
Emergency Stop Signal (ESS)
Parking Distance Warning - Front (PDW-F), Four sensors with display✖️
Parking Distance Warning - Reverse (PDW-R), Four sensors with display
Rearview Monitor with Parking Guidance (RVM w/PG)
Rain-sensing wipers
Tyre Pressure Monitor System (TPMS) - individual tyre read out
Impact-sensing auto door unlock
Rear door child safety locks
Pre-tensioner seat belts
Seat belt reminders - front and rear
ISOFIX child restraint anchors on rear, outboard seats
Anti-theft alarm
Central locking
Engine immobiliser
User-configurable active lock/unlock
Two smart key remotes

Hyundai IONIQ interior and comfort features

ElitePremium
10.25-inch infotainment touchscreen
Apple CarPlay and Android Auto connectivity
Bluetooth® phone connectivity
Satellite navigation
SUNA Live traffic updates
Steering wheel mounted controls (audio, phone, cruise control and trip computer)
Paddle shifters for regenerative braking
8-speaker Infinity premium sound system with external amplifier
AM/FM radio
Digital radio (DAB+)
iPod compatibility USB audio input
Bluetooth® audio streaming
Leather-appointed steering wheel
Leather-appointed seats✖️
Driver's seat height-adjustable
Manually-adjustable, with 2-way lumbar support✖️
10-way power-adjustable, with 2-way lumbar support✖️
Height-adjustable passenger seat✖️
Front centre console armrest storage box with USB power outlet✖️
Front centre console storage cubby box, with two 12V outlets
Centre console cup holders
Retractable sunglasses compartment
Front centre console Qi wireless charging pad✖️
Rear centre fold-down armrest
Tilt and slide glass sunroof✖️
Front and rear power windows
One-touch window up and down function for driver's window✖️
One-touch window up and down function for front windows✖️
Solar attenuating windshield glass
7-inch LCD with trip computer and digital speed reading
Single-zone climate control with auto defog function
Cooling heating vents in back of centre console for rear
One-touch turn signal, 3,5 or 7 pulses
Driver's seat Integrated Memory System (IMS)✖️
Cabin filter
Air ventilated front seats✖️
Heated front seats✖️
Heated rear windshield
Heated steering wheel✖️
Metallic grey inserts (air vents, starting button, steering wheel)
Alloy sports pedals✖️
Ambient dashboard LED lighting
Front cabin and map lights✖️
Front cabin and map lights - LED✖️
Vanity mirror lights
Rear reading light✖️
Rear reading light - LED✖️
Rear armrest cup holders
Retractable cargo cover
Four tie-down hooks in boot
Luggage net
Door bins for bottles (front and rear)
Four drive modes:
  • Normal
  • Eco
  • Eco+
  • Sport

Hyundai IONIQ exterior highlights

ElitePremium
Type 2 charging plug
16-inch, lightweight and aerodynamically-sculpted alloy wheels
Heated exterior mirrors
Power-adjustable and auto-folding side mirrors✖️
Power-adjustable and auto-folding side mirrors with reversing auto-dip function✖️
Door frame and hip waistline satin chrome accents✖️
Satin chrome door handle insert✖️
Matte grey side trim insert✖️
Daytime Running Lights (DRL) - LED
Automatic dusk-sensing headlights with escort and welcome functions
LED headlights (low/high beam)✖️
Projector-beam headlight✖️
LED positioning lights✖️
LED fog lights
LED High mount stop light
LED courtesy lights in front door handles
LED side-mirror puddle lights and integrated indicators

Verdict

While Tesla is probably the most famous EV car maker, others are out there, quietly making some superb battery-powered models. The IONIQ Electric was well-received by car reviewers, with very few and relatively minor criticisms. The IONIQ is one of the most affordable electric vehicles on sale and also sounds as though it is one of the more practical, everyday drivers.

Make sure you take a few moments to check car loans to see how much you could save buying an IONIQ Electric. It could be hundreds of dollars over the course of a loan agreement. Also, you should check our car insurance comparisons to save even more when you're covering your electric Hyundai.

Compare some options to finance a Hyundai IONIQ Electric

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1 - 13 of 13
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
OurMoneyMarket New Car Loan
OurMoneyMarket logo
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$934.23
Go to siteMore Info
loans.com.au - New - Variable Rate Special
loans.com.au logo
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$936.14
Go to siteMore Info
Stratton Finance New Car Loan
Stratton Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$931.85
Go to siteMore Info
You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Verified Lending Used Car Loan
Verified Lending logo
Fixed1 - 7 Years $10,000 - $200,000
Interest Rate (p.a.)
7.1%
to 18.99%
Comp. Rate (p.a.)
8.06%
to 22.99%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$939.9
Go to siteMore Info
NRMA New Car Loan
NRMA logo
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$945.77
Go to siteMore Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
RACV New Car Loans
RACV logo
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$945.77
Go to siteMore Info
You'll receive a fixed rate from 7.29% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
Simplify New Car Loan
Simplify Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$927.29
Go to siteMore Info
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
OurMoneyMarket logo
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$934.23
Go to siteMore Info
NRMA Used Car Loan
NRMA logo
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$962.64
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
Stratton Finance Used Car Loan
Stratton Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$931.85
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
Simplify Used Car Loan
Simplify Finance logo
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$927.29
Go to siteMore Info
loans.com.au - Variable Rate Used Car < 5 years
loans.com.au logo
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.74%
to 7.74%
Comp. Rate (p.a.)
8.85%
to 8.99%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$956.98
Go to siteMore Info
RACV Used Car Loans
RACV logo
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$962.64
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
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Showing 13 of 13 results

Compare car insurance side-by-side and get quotes

Name Product Roadside assistance Accidental damage Storm Choice of repairer Agreed or Market Value
Bingle Comprehensive
Market
Finder's summary: Our data shows it’s the cheapest comprehensive policy. It just covers the basics such as damage to your car, theft and storms – it doesn’t go in for add-ons and extras.

Who it might be good for: Those wanting a low-cost, no-frills policy.
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: The 2023 winner of our Best Features Car Insurance award. Plus, it's one of the only insurers to automatically include roadside assistance.

Who it might be good for: Those who want good customer service with lots of inclusions.
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: The 2024 winner of our Best Value Car Insurance award. It's cheaper than most, plus you can lower costs by adding age restrictions.

⭐ Current offer: 15% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Anyone who wants a good value policy.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You need car insurance so why not get one that lets you earn Qantas Points? It's good value too (it's underwritten by the same insurer as Budget Direct).

⭐ Current offer: Earn up to 40,000 Qantas Points with every car insured by 2 July. Plus save 15% on your 1st year's premium when you purchase online. T&Cs apply.

Who it might be good for: People who want more bang for their buck with Qantas Points.
Australia Post Comprehensive
Optional
Agreed or Market
Finder's summary: Covers a little more than other insurers. You don’t need to pay an excess for windscreen repairs and cover applies to anyone who uses your car.

⭐ Current offer: Get $100 off your first year's comprehensive car insurance premium when you buy online. T&Cs apply.

Who it might be good for: Multiple people using one car.
ROLLiN' Comprehensive
Agreed
Finder's summary: One of the most cost-effective insurers for under 25s, according to Finder research, with no aged-based excess.

Who it might be good for: Young drivers looking to keep costs down and anyone who’d like to get more flexibility from their car insurance.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Finder's summary: Our best-rated Car Insurer for Customer Satisfaction in 2021/2022 and Green Insurer for the last 3 years.

⭐ Current offer: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those who want a trustworthy insurer and more cover than other brands, such as 3-year new car replacement (e.g. they'll give you money for a new car for up to 3 years if yours is written off).
Kogan Comprehensive
Optional
Agreed or Market
Finder's summary: Kogan comes with all the perks that most comprehensive car insurance policies include, but you'll also be entitled to some benefits from its online store. This usually comes in the form of a gift voucher or discount if you buy online.

⭐ Current offer: Get $100 off first year premiums when you purchase Kogan Comprehensive Car Insurance online + $10 monthly kogan.com credit. T&Cs apply.

Who it might be good for: Kogan shoppers and those after a good range of policy options.
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Pictures: Hyundai

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Written by

Ben Gribbin

Ben Gribbin is an automotive writer at Finder. He is a life-long car enthusiast, bringing many years of experience working with and writing about cars. During his time, Ben has been a freelance writer, editor and reviewer for a number of leading publications across the UK. He was voted the Guild of Motoring Writers Breakthrough Blogger in 2015. See full profile

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