Land Rover finance options

Thinking of buying a Land Rover? Read about your finance options here.


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Land Rover has a long tradition of manufacturing utilitarian, go anywhere 4x4 vehicles, including the famous Defender. Through the years, Land Rover has supported emergency services, global charities and expeditions by supplying them with capable, rugged vehicles. Land Rover, also known as the green oval, would later popularise the luxury SUV by designing the Range Rover.

Perhaps you’ve always wanted to be the proud owner of one of these vehicles? If so, let’s review some of the ways you can finance your dream.

Did you know?

Land Rover got its name from the first vehicle it created, the Land-Rover. The first vehicles are now known as Series One Land Rovers. They were launched In 1948 at the Amsterdam motor show. Land Rover is now celebrating 70 years of building 4x4s. Land Rover is part of the larger Jaguar Land Rover group, owned by Tata Motors.

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Land Rover loan options to compare

Data indicated here is updated regularly
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment - New and Dealer Used Car Loan
From 4.67% (fixed)
3 to 5 years
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
IMB New Car Loan
4.99% (fixed)
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Latitude Personal Loan (Secured)
From 5.99% (fixed)
1 to 7 years
Loans under $5000 - $140
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
Wisr Secured Car Loan
From 5.19% (fixed)
3 to 7 years
$195 (Includes PPSR registration and private sale fee, if applicable)
You'll receive a personalised interest rate from 5.19% p.a. to 17.69% p.a. based on your risk profile
A flexible car loan from $5,000 - $50,000 with personalised rates and rewards for strong credit customers.

NRMA New Car Loan
From 4.99% (fixed)
1 to 7 years
You'll receive a fixed rate from 4.99% p. a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Plenti Car Loan
From 4.89% (fixed)
3 to 7 years
from $249 to $799
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Credit Concierge Car Loan
From 3.99% (fixed)
1 to 7 years
You'll receive a fixed rate of 3.99% p.a. with a comparison rate of 5.08% p.a.
Get access to over 20 providers to fund a new or used car.

Stratton Finance New Car Loan
From 4.05% (fixed)
3 to 7 years
You'll receive a fixed rate from 4.05% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
NRMA Used Car Loan
From 6.49% (fixed)
1 to 7 years
You'll receive a fixed rate from 6.49% 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.
NAB Personal Loan Unsecured Fixed
From 9.99% (fixed)
1 to 7 years
You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
SocietyOne Car Loan
From 6.99% (fixed)
2 to 5 years
from 0% to 5% of the total loan amount
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Symple Loans Personal Loan
From 5.75% (variable)
1 to 7 years
from 0% to 5% of the loan amount
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.

Compare up to 4 providers

Driveaway prices in this guide are for postcode 2000.

Land Rover Australia models

In Australia, Land Rover markets two models, the Discovery Sport and the Discovery.


Land Rover Discovery Sport. Land Rover replaced the popular and award-winning Freelander with the Discovery Sport and in 2016 the Discovery Sport became the most popular Land Rover model worldwide. Marketed as a compact luxury crossover, the Discovery Sport is available with seven seats and the choice of a number of varying power outputs and fuel types.

You can also spec the Discovery Sport as a 2WD or AWD to suit your lifestyle. 2WD models forgo Land Rover’s terrain response system, while AWD automatic models feature a low-box replicating first gear. In fact, the gearing is so low that the 9-speed auto usually sets off in second gear.

A base model SE with the eD4 2.0 diesel engine starts at $62,733.30 driveaway. A 2018 model year luxury HSE Discovery Sport retails for around $87,838.31.

Land Rover Discovery. The current 2018 Discovery is the fifth-generation model. The first Discovery launched in 1989 and was built upon a Range Rover chassis and drivetrain. The new model borrows its all-aluminium architecture from the Range Rover and Range Rover Sport.

The 2018 Discovery is offered with a selection of diesel engines. There’s a 2.0-litre TD4 Ingenium diesel that outputs 132kW, a 2.0-litre SD4 with 177kW and a larger 3.0-litre TD6 pushing out 190kW. The Discovery is an accomplished off-road vehicle with added comfort, thanks to an updated terrain response system and impressive wading capabilities. Just like the Discovery Sport, the Discovery comes in a selection of trim levels.

The base model S costs $73,083.30 and has dual climate control, halogen headlights, 19” five-spoke alloys plus a 10” touchscreen. HSE models fitted with the TD6 diesel are priced at $126,893.29, but boast an array of premium features like a Wi-Fi hotspot, triple zone climate control, a surround camera system and adjustable ambient interior lighting.

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Land Rover financing options

These are the many different ways you can finance the purchase of new or used Land Rover, including consumer loans, novated leasing, chattel mortgages or secured/unsecured car loans.

  • Land Rover Australia consumer loan. Land Rover Australia dealers can organise consumer loans, with up to 100% finance for approved customers. Land Rover’s financial business is actually operated by Volkswagen Financial Services Australia. Land Rover’s personal loans have flexible loan terms from one to seven years. Your new Discovery or Discovery Sport is used as security against the loan, which may bring more favourable interest rates. Speaking of which, interest rates are fixed which helps you to save money. There are no annual charges or accounting expenses to pay. You can reduce the payments by dropping an upfront deposit or opting for an optional final residual balloon payment. At the end of the finance agreement, the Land Rover is yours and you can opt in to the guaranteed future value program should you want to upgrade after the loan period. You can use to quickly compare car loans for Land Rovers.
  • Land Rover Financial Services novated lease (also called salary packaging). Novated leasing is really just a fancy word for an agreement between three parties. In this case, the contract would be between you, your employer and Land Rover financial services. Novated leasing is popular as it offers tax benefits: the cost of the lease, registration, insurance and other on-road costs are taken directly from your pre-tax salary. Your employer has to offer novated leasing as a benefits option, but many do as it attracts experienced employees to them. Leases last up to five years, there are no upfront costs, and after the agreement, you’re free to take out another lease and upgrade your Land Rover to a newer model. Disadvantages include the hassle if you change your job, residual shortfalls and some novated leases have early cancellation fees. To learn more, read our novated leasing guide.
  • Land Rover chattel mortgage. Businesses from sole traders and start-ups right up to large companies have the option to buy a Land Rover with a chattel mortgage. You must use your Land Rover for at least 50% business use. In a chattel mortgage, the car is used as security against the loan and an interest is logged in the Personal Property Securities Register. Technically, the car is yours. Advantages include flexible repayment terms, tax offsetting against the depreciation and interest plus optional residual payments to lower the monthly cost. GST is only paid on the purchase price and not the monthly repayments or final residual payment. Payments are also fixed for the entire loan term. Read our guide, including cases studies, titled chattel mortgages for car buying.
  • Secured car loan. Secured car loans offer lower interest rates than unsecured consumer loans because the Land Rover is used as collateral on your loan. For lenders, this means less risk for them to take on, so they pass on the saving with keener interest rates. Ultimately, this results in lower monthly payments for you. The advantages of a secured loan include no upfront costs or substantial deposits/final balloon payments, and they’re great if you have capital tied up elsewhere. One of the downsides is that if you’re no longer able to make payments on the car, it will be repossessed. While you can get a secured car loan for new Land Rovers models and certain used cars, the funds must be used to purchase only the vehicle. You cannot also pay for on-road-costs, CTP insurance or any other fees.
  • Car lease. Land Rover Financial Services also offer finance leases. With a finance lease, the lender purchases your Land Rover and then effectively rents it to you over the agreed term. The benefits include fixed monthly payments that help with budgeting and cash flow. You get to choose the Land Rover you want, the exact colour and spec and then the leasing company takes ownership of the vehicle. Learn more about the benefits of car leasing.
  • Commercial hire purchase. Business buyers may opt for a commercial hire purchase (CHP) to procure a new Land Rover. Just like a car lease, you don’t own the car but hire it through your monthly repayments. However, at the end of the hire term, you have the option to take ownership of the car by paying out a balloon payment. You also have the flexibility to hand it back and upgrade to a newer model, plus you can claim the GST on the interest, purchase price, fees and depreciation at tax time. Compare Land Rover commercial hire purchase deals.
  • Unsecured car loan. Unsecured loans are great if you want to borrow money to buy a Land Rover, but also use some of the funds to pay for something else, including on-road-costs or even having a new driveway laid to park your Landy. You’re not restricted as to what you can purchase with the loan money. However, the vehicle isn’t used as security on the agreement, so interest rates will be higher. Unsecured loans may suit you if you don’t want to shell out a large deposit or final payment. makes comparing unsecured loans simple.

Land Rover finance comparison

Here’s a breakdown of key Land Rover financing options, in this case, for a Discovery 5 with the following specs:

Land Rover Discovery SD4 diesel with seven seats finished in Fuji White. This particular model also has optional extras including two rear seats, a panoramic roof, 20” alloy wheels in gloss black and a powered boot lid. The total cost of the extras is $12,000.

Driveaway cost: $110,772.

Consumer LoanChattel MortgageFinance LeaseSecured Car Loan
Estimated cost per month$2,058*$2,024*$2,024*$2,565.58
Total to pay$129,972.20$130,376.71$130,376.71$126,240.92
Interest over loan$19,250.2$19,654.71$19,654.71$15,468.92
Interest rate6.99% p.a6.99% p.a6.99% p.aFrom 6.56%
Loan term48 months48 months48 months48 months
Optional deposit?YesYesYesNone needed
Trade in given?NoNoNoNot needed
Repayment frequencyMonthlyMonthlyMonthlyMonthly
Balloon payment$31,731.60 (30%)$33,231.60(30%)$33,231.60(30%)None
Tax benefits for ABN holders?
For business use?

*These figures are from Land Rover’s finance calculator tool.

As you can see, secured car loans may save you money in the long run on interest, and there’s no deposit or balloon payment to pay, which from the chart above, could be as high as $33,231.60 at the end of your loan. You will have to pay monthly service fees of $8.90 and an application fee. However, with a saving of over $3,500 after the fees, it’s worth considering.

Confused by all this talk about comparison rates and other information around car loans? To find out exactly how much you’ll pay for a loan each month, try our simple car loan repayment calculator.

Land Rover running costs

Land Rovers running costs are in line with other luxury 4x4s and SUVs. These include insurance, on-road costs, servicing and maintenance and, of course, fuel.

The Discovery is available from new with a five-year, 102,000km service plan for $1,500. You’ll spend $2,077 on fuel each year driving 15,000km. This is pretty competitive compared with Discovery rivals like the VW Amarok or Jeep Grand Cherokee.

Don’t forget to consider the price of rego, vehicle depreciation and car insurance costs into your purchasing decision.

Which Land Rover financing option should I choose?

We can’t really tell you either way, as each person’s circumstances are different. At the end of the day, work out exactly how much you can afford to pay each month. Once you’ve calculated a reasonable budget, this will give you a clearer idea of the best option. The following are some of the factors to consider before making your decision:

  • Fees. Include the cost of any additional fees in your calculations. You may pay monthly service fees and an application fee of up to $450. Make sure you’re familiar with the terms and conditions of the agreement.
  • Interest rates. Interest rates are where financiers make their profit and minimise the risk they face by lending out money. You should understand the differences between fixed and variable interest rates, but generally, you want the lowest rate possible to save on the total you pay back.
  • Payment flexibility. Does this financing route give payment breaks around insurance and rego renewal time? Can you alter the payment schedule, say from monthly to weekly?
  • Balloon/Deposit payments. Paying out deposits and balloon payments is a big ask. For a Discovery, the balloon payment might be as much as $31,731.60 when no deposit is placed down initially. Secured and unsecured loans don’t require deposits – you pay for the car outright.

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Frequently asked questions about buying a Land Rover

Which Land Rover suits me best?

This depends on your planned usage. If you need a big car, say for your family, something that commutes well but will also take you over rough stuff offroad, the Discovery is the answer. With a selection of outfittings, the Discovery can be a decent daily driver or something more luxurious. The Discovery would make a great tow car too. The Discovery Sport has similar plus points, but in a smaller form factor and at a lower price.

Where’s my nearest Land Rover dealer?

Land Rover Australia has 77 service and sales dealerships nationwide. Head on over to the Find a Retailer section of Land Rover Australia’s website. There should be one relatively nearby, depending on which state you live in.

What do motoring journalists say about Land Rovers?

The motoring media favourably critiqued the Land Rover Discovery. Reviewers praised the excellent off-road capabilities of the Discovery and enjoyed its on-road handling too. Some even described it as brilliant and noted that air-suspension is a worthy optional extra to go for on lower end models. The Discovery carries a host of safety assists and equipment, earning the car a five-star ANCAP rating.

The Discovery Sport is also generally liked, with a strong engine line-up and good on-road handling improving its perception. There were no major problems, though one journalist felt that 9th gear was a little redundant.

Pictures: Shutterstock

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Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% 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.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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