Range Rover finance options

Compare Range Rover finance options and get the best deal for you.

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When only a Range Rover will do, it's time to compare Range Rover finance options to find the best deal for you.

Founded by Land Rover, Range Rover was developed to fill the niche of luxury 4x4 vehicles. An increasingly popular brand with those who desire the luxuries of a higher-end vehicle with 4x4 capabilities, Range Rover continues to introduce innovative designs and features to its 4x4 range.

Popular models of Range Rover available in Australia

Following the release of the Range Rover Evoque to Australian shores in 2011, Range Rover has enjoyed increasing popularity of its Australian releases, which also include the Range Rover Vogue and the Range Rover Sport

How much does it cost to buy and run a Range Rover?

Initial purchase cost

According to Redbook, the cost to purchase new 2018 Range Rover models in Australia is as follows:

  • 2018 Range Rover Evoque from $56,050
  • 2018 Range Rover Sport from $95,100
  • 2018 Range Rover Velar from $70,662

Fuel efficiency

According to information provided by the Australian government's Green Vehicle Guide, the Range Rover and Range Rover Sport are both relatively fuel-efficient, with a minimum urban fuel consumption of 5.8 litres per 100 kilometres each. The Range Rover Evoque ranks next with a minimum urban fuel consumption of 6.9 L/100km, followed by the Range Rover LWB at 7.8 L/100km.

The ATO defines a fuel-efficient car as one with a fuel consumption of 7 L/100km or less, causing the Range Rover, Range Rover Sport and Range Rover Evoque to fall into the category, with the Range Rover LWB falling just outside the definition of a fuel-efficient car.

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Other costs to consider

  • Repairs and servicing. Ongoing servicing can protect your investment and prevent small problems from becoming costly repair jobs.
  • New car extras. The advertised sticker price of a car generally does not include any extras, so keep in mind that if you opt for automatic transmission, metallic paint, ABS or a greater engine capacity, you need to be prepared to pay more (sometimes significantly more) than the original advertised price.
  • CTP and motor vehicle insurance. Compulsory third party insurance (CTP insurance) is a legal requirement in all Australian states and territories, while other forms of car insurance are not required but can be a good idea to protect the value of your asset should something happen to your car.
  • Dealer delivery. Dealer delivery costs can vary significantly and are set by the dealer. The costs include all expenses related to transporting a new car from the manufacturer to you.
  • Stamp duty. Sometimes known as motor vehicle duty, motor vehicle stamp duty or vehicle registration duty, stamp duty can be a considerable expense. When working out how much stamp duty you will need to pay, use this motor vehicle stamp duty calculator which takes into account the cost of the car and the Australian state or territory in which you live. Stamp duty is payable for new and used vehicles and covers the costs of transferring a car from the seller to the buyer.
  • Finance costs. If you need finance to purchase your new Range Rover, there will be costs associated with different types of Range Rover finance options. Find out more information in the next section.

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What types of Range Rover finance options are available?

Once you've decided that a Range Rover is perfect for you, the next step is to weigh up your Range Rover finance options. There are plenty of different ways to obtain finance to buy a new car and the best choice for you will depend on your individual circumstances.

Some of the Range Rover finance options available to you could include:

Pre-approved car loan

Some lenders offer a pre-approved car loan, which can greatly assist when comparing car options since you'll know exactly how much you can borrow. While not all lenders will give pre-approval, if you'd like to know exactly how much you have to spend and how much bargaining power you have when negotiating the price of a new car, consider lenders that do offer a pre-approval service.

Unsecured car loan

An unsecured car loan tends to come with a higher interest rate and a shorter loan term than a secured loan but can offer more flexibility in terms of how you use the loan funds.

Secured car loan

A secured car loan involves using your new car as security for the loan and can attract a lower interest rate and other advantages since it poses less risk to the lender.

Mortgage redraw

If you have been building up savings in a home loan offset account or redraw facility in your mortgage, consider using these funds to purchase your car. However, make sure to calculate how much you would have saved on your home loan had you not redrawn the funds and how this amount compares to the total cost you might have paid with another form of car finance.

Mortgage refinance

If you have sufficient equity in your mortgage, it could be worth considering refinancing your home loan. Refinancing involves moving your existing mortgage to a new lender or a new loan product offered by your existing lender at a lower interest rate or other more favourable terms. Doing so can release some of the equity in your home to allow you to purchase the car while locking in a better rate for the remainder of your mortgage. Mortgage refinancing can be a good option for people whose credit score or circumstances have improved since the mortgage was initially taken out, or if the value of the property has significantly increased. Keep in mind that mortgage refinancing will usually involve having your home revalued, and be aware of early exit fees and other refinancing fees.

Credit card

The thought of racking up thousands of dollars of credit card reward points may be tempting, but it's important to consider all the implications of using your credit card to purchase a vehicle before you go ahead. Credit cards are renowned for disproportionately high interest rates compared to other types of Range Rover finance options, and what started out as a good deal on the car of your dreams could blow out to a much more expensive purchase if not managed properly. Before using your credit card to make a big purchase, make sure you fully understand how your credit card works, including interest rates, credit limits and other fees and charges, then compare your options to make sure you don't end up paying more than you expected. If you're considering taking out a new credit card to fund the purchase, take the time to compare credit cards to get the best deal.

Novated lease

A novated lease can be a popular car finance solution for employees on a relatively high salary, effectively reducing your taxable income while giving you access to a leased car. Keep in mind that you will still need to pay fringe benefits tax on the payments and this additional cost must be weighed against any income tax savings brought about by the lease agreement. The amount of fringe benefits tax paid depends on the number of kilometres you drive, with novated leases typically benefiting employees on high salaries with relatively high kilometre rates per year.

Chattel mortgage

Available to business buyers, a chattel mortgage is a form of secured finance that can bring with it interest rate discounts compared to unsecured finance. Business buyers should also keep in mind the recently renewed Australian government small business tax break offer.

Commercial hire purchase

A commercial hire purchase arrangement involves making regular repayments over the term of the lease period and then purchasing the car outright by making a balloon payment.

Range Rover dealer finance

Range Rover offers a number of finance options for business and personal use. Find out more about how to choose between dealer finance and other forms of car finance.

  • Consumer loan. Up to 100% of the cost of a new Range Rover can be financed subject to lending criteria, at a fixed interest rate and with a flexible loan term between 1 and 7 years. The loan is secured by the Range Rover itself and no annual or ongoing fees apply. You can choose to make a deposit at the start or set a balloon payment for the end of the loan term to reduce your ongoing repayments.
  • Novated lease. Range Rover offers a salary packaging option whereby your employer makes payments from your pre-tax income for an agreed period of time. No upfront payment is required, with insurance, on-road costs and registration included in the loan amount. No annual or ongoing fees are payable and lease terms can be negotiated up to five years. At the end of the lease term, you have the option to upgrade to a newer Range Rover.
  • Business finance. Range Rover offers three types of finance for business customers: chattel mortgage, finance lease and hire purchase. A chattel mortgage requires an initial deposit and a balloon payment at the end of the term, with depreciation being tax-deductible and GST payable on the cost of the car. A finance lease involves no upfront deposit but does include a balloon payment at the end of the term. Repayments are tax-deductible, with GST payable on all repayments. A hire purchase agreement includes a deposit and a balloon payment, with both depreciation and interest being tax-deductible. GST is payable on the repayments as well as the cost of the car itself. All three business finance options are secured by the Range Rover vehicle itself.
  • Guaranteed Future Value. A flexible finance solution, the Range Rover Guaranteed Future Value Program guarantees the minimum future value of the vehicle subject to certain conditions. After you have chosen your Range Rover, you set the term of the agreement, deposit amount and kilometre limit. At the end of the term, you have the choice to trade in your Range Rover for a newer model, with any equity in the trade-in value going towards the cost of the new car. Alternatively, you can retain the Range Rover by paying the balloon payment that was set in advance at the start of the agreement or return the Range Rover, provided it is within the preset kilometre limit and in an acceptable condition

Factors to consider when comparing Range Rover finance options

When comparing Range Rover finance options, consider the following points:

  • Interest rate. When you compare car loans, look for a competitive interest rate. However, there are other factors you must also consider.
  • Repayment frequency. Consider the frequency of your repayments to ensure that they suit your circumstances. For business buyers, consider the most convenient repayment schedule to suit your business's cash flow.
  • Balloon payment. Are you happy to make a balloon payment at the end of the loan term in exchange for lower ongoing payments throughout the loan? If so, make sure to budget for the balloon payment so it doesn't become unaffordable for you at the time.
  • Loan flexibility. Some loans are more flexible than others and will allow for early repayments or an upgrade to a newer model without penalty.
  • Loan term. Finance loan terms tend to range between one and seven years, while other forms of finance like a mortgage redraw or using a credit card could involve a different loan term.
  • Loan amount. Consider the total cost of the car when negotiating the loan amount and ensure that all costs will be covered.
  • Fees and charges. Compare application fees, ongoing fees and other charges that might arise.

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How to apply for finance to buy a Range Rover

The process of applying for vehicle finance and the documents required will largely depend on the type of finance you choose and whether you are a private or business buyer.

If you are purchasing as an individual, the minimum eligibility criteria for vehicle finance is as follows:

  • Older than 18 years
  • Earning a steady income
  • Australian citizen or permanent resident

You may be asked for the following documents during the vehicle finance application process as a private buyer:

  • Ongoing expenses and credit card limits
  • Details of the vehicle, including its total cost
  • Proof of ID
  • Proof of income and employment
  • Details of other assets and liabilities

Compare car loans suitable for purchasing a Range Rover

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Monthly Repayment View Details CTA
Loans.com.au - New and Dealer Used Car Loan
From
4.67%
(fixed)
5.22%
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.
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.
Plenti Car Loan
From
4.89%
(fixed)
5.44%
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.
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
3.35%
(fixed)
4.41%
You'll receive a fixed rate of 3.35% p.a. with a comparison rate of 4.41% p.a.
Get access to over 20 providers to fund a new or used car.
You'll receive a fixed rate of 3.35% p.a. with a comparison rate of 4.41% p.a.
Get access to over 20 providers to fund a new or used car.
RACV New Car Loans
From
4.99%
(fixed)
5.69%
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.
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.
Wisr Secured Car Loan
From
4.74%
(fixed)
5.01%
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
OurMoneyMarket Car Loan
From
5.35%
(fixed)
5.65%
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
Stratton Finance New Car Loan
From
3.85%
(fixed)
4.05%
You'll receive a fixed rate from 3.85% 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.
You'll receive a fixed rate from 3.85% 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.
IMB New Car Loan
4.99%
(fixed)
5.34%
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.
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.
NRMA New Car Loan
From
4.99%
(fixed)
5.69%
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
NAB Personal Loan Unsecured Fixed
From
6.99%
(fixed)
7.91%
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
Heritage Bank Car Loan
4.89%
(fixed)
5.53%
You'll receive a fixed rate from 4.89% p.a.
Finance a new or used car up to 5 years old. Large maximum borrowing amount up to $100,000 and terms up to 7 years.
You'll receive a fixed rate from 4.89% p.a.
Finance a new or used car up to 5 years old. Large maximum borrowing amount up to $100,000 and terms up to 7 years.
Symple Loans Personal Loan
From
5.75%
(variable)
6.47%
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.
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.
SocietyOne Car Loan
From
5.95%
(fixed)
5.95%
You'll receive a fixed rate between 5.95% p.a. and 17.49% 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.
You'll receive a fixed rate between 5.95% p.a. and 17.49% 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.
Driva Car Loan
From
2.85%
(fixed)
4.39%
You'll receive a fixed rate from 2.85% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
You'll receive a fixed rate from 2.85% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
NRMA Used Car Loan
From
6.24%
(fixed)
6.94%
You'll receive a fixed rate from 6.24% 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.
You'll receive a fixed rate from 6.24% 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.
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Compare up to 4 providers

Compare car insurance side-by-side and get quotes

Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Awarded the 2019 Finder Award for the Best Value Car Insurance, this policy offers solid coverage at a low cost. Budget Direct's claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

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

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Bingle Comprehensive
Market
Finder's summary:Bingle consistently comes up as one of the cheaper insurers out there. It only covers the basics. You don't get to choose your own repairer, you're not covered for personal items in the car and unless you add it as an option, you won't get a hire car if your car is stolen. But this keeps its premiums low.

Who it might be good for: Someone who wants a low-cost option that covers them for the basics.
Coles Comprehensive
Optional
Agreed or Market
Finder's summary: With Coles comprehensive car insurance, you could earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If your car is damaged, you could benefit from a one-week turnaround on repairs.

⭐ Current offer: Get 10% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Coles customers and Flybuys collectors.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Finder's summary: QBE is a sustainable insurance company and also Finder's Green Insurer of the Year 2021 award winner. This policy offers the highest level of protection available from QBE including three-year new car replacement.

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

Who it might be good for: Those that are looking for a more environmentally friendly insurance choice.
Virgin Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Finalists for the 2019 Finder Awards for Best Value Car Insurance, Virgin Comprehensive provides a good level of cover for a decent price.

⭐ Current offer: Get 15% off on your first year’s premium when you purchase a new eligible comprehensive car insurance online. T&Cs apply.

Who it might be good for: People who'd like to manage their policy online 24/7.
Australia Post Comprehensive
Optional
Agreed or Market
Finder's summary: Australia Post car insurance offers comprehensive cover for things like theft, fire, new for old replacement and emergency accommodation and transport. Cover also extends to anyone who uses your car, not just you.

⭐ Current offer: Get $75 off your first year’s premium when you buy online. T&Cs apply.

Who it might be good for: If multiple people use the one car and you don’t want to worry about listing all drivers.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to choose how comprehensive you want your cover to be with optional extras like choice of repairer and the option of agreed or market value.

⭐ Current offer: Earn Qantas Points for joining and paying your premium. Sign up today and earn up to 20,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.

Who it might be good for: People who'd like to earn Qantas Points.
Stella Comprehensive
Optional
Agreed or Market
Finder's summary: Stella’s a female-focused insurer. It'll cover you if your car is damaged as a result of domestic violence. It offers higher cover for baby gear than most, with up to $2,000 cover for prams, strollers and child seats.

Who it might be good for: Someone who wants a female-centred car insurance policy (it will cover men too).
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Compare up to 4 providers

Frequently asked questions

What is the warranty period for a Range Rover?

Range Rover offers a 3-year, 100,000-kilometre warranty on all new Range Rovers, beginning from the first date of registration or the day the vehicle is delivered to the first owner, whichever occurs first.

Should I opt for a balloon payment as part of the loan structure?

A balloon payment is a residual amount owing on the loan after the regular repayments have been made. While a balloon payment will reduce the amount of your ongoing repayments, it is still an expense that must be budgeted for at the end of the loan term. If you don't wish to pay the balloon payment at the end of the term, you could sell the car or refinance the amount owing.

Can I still apply for a car loan with bad credit?

While traditional lenders like large banks and credit societies may not be as willing to consider a loan application from someone with a poor credit history, smaller lenders are often more likely to consider your current circumstances rather than concentrating on your history. Be prepared to pay a higher interest rate or to provide security for the loan in order to offset some of the risks to the lender.

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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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