goGreen® Car Loan

We pioneered a different approach to motor vehicle finance when the goGreen® Car Loan was created. Interest rates on goGreen® Car Loans are determined according to how ‘green’ your vehicle is. The lower the greenhouse emissions from the car you want to purchase, the lower the interest rate.

This loan is suitable for new and used cars with a greenhouse rating of 7+ or ANCAP rating of 5.

 

rates (effective 01/09/14)

type of carannual percentage ratingcomparison rate*
goGreen Car Loan for new or used cars less than 7 years old with an ANCAP 5 star rating or Greenhouse Rating 7+ 8.14% 8.35%
goGreen Car Loan for all other new and used cars & motorbikes less than or equal to 7 years old  8.64% 8.85%
goGreen Car Loan - Fixed Rate for new or used cars less than 7 years old with an ANCAP 5 star rating or Greenhouse Rating 7+  7.34% 7.55%
goGreen Car Loan - Fixed Rate for all other new and used cars & motorbikes less than or equal to 7 years old 7.84% 8.05%

Features and comparisons

  • minimum $1,000
  • maximum term for new cars is 7 years
  • maximum term for used cars is 5 years
  • choose a variable or fixed interest rate
  • pre-purchase approval
  • additional repayments accepted
  • choose from weekly, fortnightly or monthly repayments
  • young driver safety - $200 rebate for Advanced Driver Training course
  • no monthly fee
  • offset your car's C02 emissions
  • a simple and responsible way to finance cars

    We base emissions ratings on the Green Vehicle Guide produced by the federal Government's Department of Climate Change.

    Next we offset 100% of your car's greenhouse gas emissions for the life of your loan. We do this via bankmecu's Conservation Landbank on your behalf.^

  • rewarding motorists

    In what we believe is a world first whenever a customer purchases a vehicle that has an ANCAP (Australian New Car Assessment Program) rating of 5, they’ll be  rewarded with a discounted goGreen® car loan interest rate. 

    Learn more about the ANCAP safety rating at www.ancap.com.au.

  • young driver safety

    A responsible approach to motor vehicle finance means doing something positive to address the fact that accidents involving cars are one of the major causes of death amongst young Australians.   So to help turn this situation around we want all people to purchase safer cars and we also want our least experienced drivers to be trained in how to drive safely. So now whenever bankmecu customers under the age of 25 take out a goGreen® car loan and insurance with bankmecu, we’ll provide a $200 rebate to those who complete an accredited Advanced Driver Training course.

  • car news and reviews

    For all the latest motoring news and reviews, bankmecu recommends www.goauto.com.au. Also look out for our regular eNews which contains car reviews.

Personal Loans Significant Terms and Conditions 

^bankmecu forward credits offsets for greenhouse gas emissions produced by your car each year for the term of the loan. The level of offset is in accordance with advice from Landcare Australia that the average car in Australia produces 4 tCO2-e per year. This forward credited offset is provided by bankmecu planting trees. As these trees grow they will absorb the equivalent amount of tCO2-e required to offset your car emissions during the term of your loan. Trees will be planted into the bankmecu Conservation Landbank in accordance with the land management plan developed and implemented by Landcare Australia and overseen by Trust for Nature. Carbon sequestered from these trees is monitored and reported by Landcare CarbonSMART. Learn more about how this works.

Variable interest rates apply to personal loan products. The Green Vehicle Guide (www.greenvehicleguide.gov.au) provides ratings on the environmental performance of new vehicles sold in Australia. You can use this site to see how vehicles compare on greenhouse emissions. When buying a new car, use the site to identify the vehicle with the highest rating which meets your needs. For information on ANCAP ratings visit www.ancap.com.au. Maximum term of 7
years (new) and 5 years (used).

* The Comparison Rate is based on a secured loan of $30,000 for 5 years. Fees and charges may be
applicable. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

want to know more?

call bankmecu on 132 888 or email us at mail@bankmecu.com.au
Car Loans Brochures and Guides
Car Loan Solutions Brochure (PDF 559 KB)
Buying a Car (PDF 2.01 MB)
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