Products
Introducing MetroEco – our latest finance product that makes it easier for you and your business to invest in green technology and reduce your carbon footprint.
As a company, we are committed to supporting sustainability initiatives and creating a better future for our planet. To that end, we are relaunching our green product with additional assets such as solar panels, batteries, and other equipment that will be available to both commercial and consumer customers.
Our MetroEco initiative is focused on supporting the Australia’s transition to a net-zero economy. We are proud to partner with CEFC to provide financing for assets to help reduce carbon emissions. With MetroEco we aim to make it easier for you to invest in green technology and contribute to a more sustainable future.
Commercial Finance
Empower your business’s growth with MetroEco’s Commercial Finance solutions, tailored to meet your enterprise needs for sustainable and scalable success.
COMING SOON
Personal Finance
Transform your financial dreams into reality with MetroEco’s secured personal car loan options, offering flexible and personalised solutions for your goals.
COMING SOON
Novated Leases
Experience the convenience of driving your dream electric vehicle with MetroEco’s novated leases, offering flexible terms to suit your needs.
Resources
Eco-friendly vehicle financing doesn’t need to feel overwhelming. We have gathered a range of resources to help you make the best decision for your needs.
EV Charging Stations Map
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
Emissions Reduction Fund
Earn Carbon credit units by adopting new practices and technologies that reduce emissions.
Metro Initiatives
Every year, Metro conducts a comprehensive review of its carbon emissions, aiming to transition into a more environmentally conscious company by reducing and offsetting our carbon footprint and actively contributing to climate change mitigation.
Promoting Sustainability Tree by Tree with Greenfleetterprise needs for sustainable and scalable success.
Metro is proud to announce its collaboration with GreenFleet, a leading not-for-profit environmental organisation dedicated to protecting our climate by restoring our forests.
Measuring our Impact with Trace
To understand our carbon footprint, Metro has teamed up with Trace, a climate technology company founded in Australia with a mission to simplify the process for businesses to assess their environmental impact.
Electric Vehicles Available in Australia
Navigate the Future: Australia's Comprehensive Electric Vehicle Guide.
Testimonials
Read our success stories and discover how Metro’s commercial vehicle finance solutions can help your business embrace a greener future.
FAQs
What are the advantages of electric vehicles?
There are numerous reasons why businesses choose to embrace EV loans, including:
- Cost-Effective Operations: EV’s generally have lower servicing and operating costs compared to traditional fuel powered vehicles due to the lower cost of electricity.
- Environmental Benefits: EVs produce zero tailpipe emissions, significantly reducing air pollution in comparison to other business car loans.
- Reduced Carbon Footprint: By using electricity, which can be generated from renewable sources, EVs directly contribute to a reduction in greenhouse gas emissions.
- Tax Incentives and Rebates: Different Australian states and territories offer various tax benefits, rebates or other incentives for EV owners, including business EV incentives, which all make novated leases for EVs more accessible.
- High-Performance Standards: EVs offer high performance with instant torque, providing a smooth and fast acceleration.
- Noise Reduction: EVs are quieter than conventional vehicles, reducing noise pollution.
- Future-Proofing: With the global shift towards sustainability and eco-friendly vehicle financing, green car loans are a future-proof choice.
What counts as an electric vehicle?
Battery Electric Vehicles (BEVs) and Plug-In Hybrid Electric Vehicles (PHEVs) are generally the only two models that are considered to be electric vehicles. BEVs are entirely electric and operate using rechargeable batteries, without the need for a traditional fuel engine. PHEVs, like their name suggests, feature a combination of electric motor and a petrol engine. These vehicles include rechargeable batteries that can be connected to a power source for charging.
While Hybrid Electric Vehicles (HEVs) are also available, combining a standard internal combustion engine with an electric propulsion system, they typically aren’t covered by electric vehicle finance solutions due to their non-reliance on external electric charging.
Where can I charge my electric vehicle?
What government incentives are there for electric car purchases?
How can I save money by switching to an electric vehicle?
While the initial purchase and setup cost for an EV might be higher, they are usually more economical in the long run due to lower fuel expenses and fewer servicing needs. As EVs are powered by electricity, which is generally cheaper than petrol, you can significantly reduce the cost per kilometre compared to fueling a conventional car. EVs also have fewer moving parts than internal combustion engine vehicles, which can translate to reduced servicing costs.
It’s also important to note that many state governments offer incentives for EV purchases, such as rebates, tax credits and registration fee reductions, all of which can substantially lower the cost of an EV.
Should I be worried about range with my EV?
Concerns about the driving range of electric vehicles are becoming less and less relevant with advancements in EV technology and infrastructure. New electric vehicles priced under $50,000 now boast a range capacity of around 480 kilometres, while more expensive models offer even greater ranges. Considering that the typical Australian drives less than 50 kilometres a day, this range is more than sufficient for daily use.
As the majority of EV charging occurs at home, charging is convenient and you can easily ensure that the vehicle is ready for daily use without the need for frequent public charging.
Recognising the need for extensive charging networks, governments across Australia are investing in charging infrastructure, especially in regional areas. The Queensland Government has funded the installation of fast EV chargers from Coolangatta to Cairns and between Brisbane and Toowoomba. The Victorian Government has committed an additional $2 million to support the expansion of more charging stations across the state, while the NSW Government has pledged $5 million to co-invest in new charging stations in NSW.
Can I obtain heavy truck loans and business car loans?
Yes, you can obtain heavy truck loans and business car loans. If you’re looking to expand your company’s fleet through sustainable vehicle financing, click through to our commercial page for more information on electric truck loans, heavy truck loans and business car loans. These types of business car loans are specifically designed to support companies in acquiring vehicles necessary for their operations.
What happens at the end of a novated lease term?
At the end of a novated lease term, you have several options:
- Continuing the Lease: If you’re satisfied with your current vehicle, you may choose to extend the lease. The EV finance option is done through a residual on a lease, allowing you to keep using the car without major changes of disruptions or even purchase the vehicle.
- Upgrading to a New Vehicle: Should you wish for a different vehicle at the end of your lease, you have the option to upgrade where you enter into a new novated lease agreement for the new vehicle.
What are the requirements for a novated lease?
Learn more about novated lease requirements here.
If you’re ready to get your business moving, we’re here to help.
Our team can get you in touch with one of our trusted brokers or salary packager introducers.
