With the flexibility of either a petrol or diesel internal combustion engine (ICE) combined with an electric motor, hybrid vehicles have become popular with Aussie motorists looking for occasional emission-free motoring, with the benefit of extended driving range when they need it.
With so many brands now offering a range of self-charging and plug-in hybrid vehicles, you may be considering a hybrid for your next vehicle purchase. At Metro, we’re dedicated to helping Aussies access the latest green technologies, which is why we’re the perfect finance partner to help you get into the hybrid vehicle of your dreams, while also taking advantage of some great benefits along the way.
As a non-bank lender, we work hard to give our customers a better deal.
MetroEco is our dedicated finance product offered in partnership with the Australian Government’s Clean Energy Finance Corporation (CEFC), and is designed to help Aussies reduce their carbon footprint by providing discounted rates and flexible loan terms on a range of electric and hybrid vehicles as well as other green technologies like chargers, solar and batteries.
Along with our fast approvals and flexible loan terms, MetroEco customers looking to get a loan on a hybrid vehicle also receive:
To find out more about MetroEco and your hybrid car loan interest rate, talk to your broker or click the link here.
Your eligibility for a loan with Metro will depend on certain factions, including your credit score, income, employment history, and any existing debts you may have.
Some of the other things we take into account include:
You should also note not all hybrids are eligible for a MetroEco discount. In order to be eligible, hybrid vehicles must be:
Since 2011, we’ve been working with our trusted broker network to deliver reliable and competitive vehicle and equipment loans to hard-working Aussies.
With Metro, you can expect a fast and streamlined loan application process, ensuring that you get the funds you need as quickly as possible.
Our expertise in secured personal car loans makes us the go-to choice for brokers and their clients who are looking to finance a new car.
We offer competitive fixed interest rates, ensuring that you get the best possible financing terms for your secured personal car loan.
To find out more about EV loans at Metro click here.
Metro has a range of tailored personal finance options to suit your needs. Talk to one of our friendly team members to learn more about:
Don’t just take our word for it. Hear from one of our thousands of happy customers about their experience working with Metro.
We can provide finance for vehicles with a purchase price between $5,000 and $250,000.
Yes! Metro is happy to provide finance on a hybrid vehicle if you meet certain criteria:
It’s always a good idea to talk to an expert like a broker to understand specific loan fees, which can vary depending on the type of finance product you’re applying for and your own personal circumstances.
Some of the common fees you may encounter include:
Click here to talk to a broker and find out more.
Your broker will be able to give you a list of required documents for a hybrid car loan application with Metro, but typically we require:
For the initial assessment:
Some extra documents that we may need:
MetroEco covers a range of green technologies that come with a generous discount, including electric vehicles, chargers, solar and batteries. To take advantage of the MetroEco discount on a hybrid vehicle, it must be a plug-in hybrid (PHEV) type and meet all the necessary local and national safety regulations.
Absolutely! You can jointly apply for a new car loan with Metro. To be eligible for a joint loan, applicants must be married or in a de facto relationship and live at the same address. When assessing a joint loan application, we will use the credit score that is greater of the two.
As the name suggests, a secured car loan is offered when a bank or lender has security over the asset it is providing finance for. In this case, the car. If you were somehow unable to repay the loan, the lender would be able to resell your vehicle to recoup the money it loaned you.
With an unsecured car loan, the lender has no security over the vehicle, and no straightforward way to recover its costs if you can’t make repayments, meaning that it will often offer lower borrowing limits, higher interest rates, and shorter loan-repayment terms.
To learn more about secured and unsecured car loans, head to our dedicated info page.
Ready to enjoy the flexibility of a hybrid vehicle?
To find out more about hybrid car finance at Metro, click here to get in touch or give us a call on
1300 362 627.
