Australia Automotive Financing Market Size, Share Analysis and Forecast Report (2025-2034)

Based on the type, the Australia automotive financing market share is driven by new vehicle

The Australia automotive financing market is experiencing growth, as banks and financial institutions provide lower interest rates and reduced monthly payments for new vehicle financing. Manufacturers also provide deals and incentives on new vehicles such as zero-per-cent financing and warranties that cover repairs and maintenance for a certain period which makes new vehicle financing appealing and affordable to customers. Financing helps individuals spread out the cost of purchasing of new vehicle for a certain period while enjoying the benefits of a vehicle.

Digitisation in the Australia automotive financing market streamlines the application process by offering online platforms for applications, approvals, and management making it convenient and accessible for individuals. They can easily go through the diverse financing products and customise them according to their needs through online platforms. They can go through the policy terms, interest rates and repayment options in one place. Individuals can easily make their monthly payments through digital platforms to avoid any delay.

Bank Australia will cease their fossil fuels car loans from 2025 to support the shift towards a decarbonised economy as private passenger cars account for 62% of Australia’s transport emissions.

This report offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• New Vehicle
• Used Vehicle

Market Breakup by Source Type

• OEM
• Banks
• Credit Unions
• Financial Institutions
• Others

Market Breakup by Vehicle Type

• Passenger Cars
• Commercial Vehicles

Market Breakup by Region

• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others

Australia Automotive Financing Market Share

Original Equipment Manufacturers (OEMs) are highly considered as they often provide attractive financing options directly through their captive finance arms, offering competitive interest rates, flexible terms, and tailored financial products. OEMs and Banks are highly preferred due to their extensive reach, specialised financial products, and ability to bundle services with vehicle purchases, making them primary choices for automotive financing.

Leading Companies in the Australia Automotive Financing Market

The growth of the automotive financing market is fueled by due to the increasing adoption of the digitisation process by companies in the finance process. Companies and organisations provide customized and tailor-made products to consumers catering to their needs.

• Toyota Finance Australia Limited
• Commonwealth Bank of Australia
• National Australia Bank Ltd.
• CFI Finance Pty Ltd.
• Think Advance Solutions Pty Ltd.
• CarClarity ACL Pty Ltd.
• Simply Automotive Pty Ltd.
• Carloans.com.au Pty Ltd.
• Stratton Finance Pty Ltd.
• Others