Metro’s national network of broker partners provide real financial solutions to Australian businesses by offering reliable and efficient service backed by real human experience. As a Metro customer, you benefit from our CAFBA-award-winning service, competitive rates, zero-monthly fees and fast turnaround times.
At Metro, we recognise the importance of sustainability and the growing desire among consumers to make environmentally conscious choices. We created MetroEco to help Australians on their journey towards more sustainable mobility by offering discounted rates and flexible terms to secure a range of green assets including electric and hybrid vehicles and charging technology.
Not only is our streamlined EV loan application process fast, ensuring that you receive a prompt response, your broker manages your application every step of the way, allowing you to get behind the wheel of your electric vehicle in no time.
Since 2011, Metro has cemented its reputation as a trusted and dependable name in the lending. Our commitment to providing tailored, reliable finance solutions for electric and hybrid cars, backed by our trusted broker network, makes Metro the perfect choice for your next environmentally friendly purchase.
We strive to make owning and charging an electric vehicle and installing a solar system not only a sustainable choice but also an affordable one. Our competitive rates and flexible terms ensure that you receive the best possible EV loan options. We understand the financial considerations involved in adopting renewable technologies, and we are dedicated to delivering value to our customers and aligning with their goals.
We take pride in helping our customers achieve their dreams of owning an electric vehicle and harnessing the power of solar energy. With Metro Finance, you can trust that we will go the extra mile to secure the financing you need. We are committed to delivering results and ensuring that you can embark on your sustainable journey with confidence and peace of mind.
Whether you're interested in a compact electric car for city commuting or a luxurious electric SUV, our financing options cater to various needs and budgets.
We understand that buying a new car is always a big purchase. That’s why we offer tailored electric car loans, ensuring you have access to the necessary funds to purchase the electric vehicle of your choice.
One of the many benefits of electric vehicle ownership is the ability to charge at home, which is why Metro offers customers the opportunity to bundle their EV and charging technology into own loan application, and take advantage of Metro’s discounted rates and flexible terms offered on sustainable technologies.
One application, one repayment each month – with the added benefit of taking part in Australia’s sustainability revolution. Best of all, we also uniquely offer sustainable business loans on a range of bundled EV, hybrid and charging technologies for businesses wanting to update their sustainable fleet, so what are you waiting for?
Here at Metro, we know that buying an electric vehicle can feel a bit overwhelming. We have gathered a range of resources to help you make the best decision for your needs.
Find the closest electric vehicle charging station near you. Use this live map created by the Electric Vehicle Council to locate all charging stations across Australia
Navigate the Future: Australia's Comprehensive Electric Vehicle Guide.
The Electric Vehicle Council has put together a live map that shows all charging stations across Australia.
One of the many benefits of securing a loan on an EV with Metro is our extended loan terms, which runs up to 84 months (7 years).
When it comes to financing an electric vehicle (EV), there are a few key differences compared to a traditional car loan. Here’s a breakdown of how electric vehicle loans differ:
To apply for an electric vehicle loan with Metro, you will typically need to provide certain documentation. This may include:
While the exact timeframe can vary depending on various factors, including the completeness of the application and the complexity of the financing request, we strive to provide a decision as quickly as possible.
If you would like to use a loan to purchase a used electric vehicle, speak to your broker who will get in touch with us.
Yes. Our MetroEco finance products allows you to bundle your EV and charger in the same loan application, with one monthly loan repayment. We even offer this to our business loan customers as well, which makes MetroEco a unique offering in Australia’s competitive finance market.
To find out more about MetroEco business loans, click the link HERE
The cost of charging an electric vehicle (EV) can vary depending on your location, electricity rates, and the specific model of your EV. In Australia, it costs approximately $0.20 – $0.25 per kWh to charge your EV at a level 2 EV charging station.
To estimate the charging cost, we can use the average energy consumption of an EV, which is approximately 20 kWh to travel 100 kilometres. Multiplying this by the electricity rate, it would cost approximately $4.50 in electricity charges to travel 100 kilometres in an electric vehicle.
In comparison, the average petrol car in Australia uses 11.1 litres of fuel to travel 100 kilometres, based on data from the Australian Bureau of Statistics. Considering a petrol price of $1.50 per litre, the cost of travelling 100 kilometres in a petrol car would be $16.65, which is substantially more expensive.
New electric vehicles priced under $50,000 generally offer a range capacity of around 480 kilometres, while more expensive models can go even further. It’s important to note that the average Australian drives less than 50 kilometres per day, making range anxiety less likely to be a problem for most daily commutes. Additionally, the majority of EV charging takes place at home, where overnight charging can easily replenish the vehicle’s battery.
For most households, daily charging may not be necessary, and in some cases, a single
charge per week would suffice. It’s worth mentioning that ongoing advancements in battery technology by manufacturers are continually improving the driving ranges of EVs, offering even greater distances on a single charge.
Governments have also started recognising the importance of supporting EV adoption and have started providing funding for chargers in regional locations. This initiative ensures that drivers can confidently travel longer distances across Australia, alleviating any concerns about finding charging infrastructure during road trips.
Some key considerations to help you choose the right EV charging station include:
Read our success stories and discover how Metro’s commercial vehicle finance solutions can help your business embrace a greener future.
Chat with our team to get in touch with one of our trusted brokers or salary packager introducers.
