The future is electric

We're here to help you make the switch to an electric vehicle.

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Why choose an Electric Vehicle?

Trusted NZ brand

Low emissions

An electric vehicle (EV) or plug in hybrid electric vehicle (PHEV) can help reduce your carbon footprint allowing you to contribute towards building a sustainable environment.

Quick Easy process

Reduced costs

Electric motors have fewer moving parts and do not require oil changes, new spark plugs or fuel filters. You can charge overnight and wake up to a ‘full tank’ without needing a trip to the petrol station, saving on operational costs.**


How to apply?

Our car loans calculator can help steer you in the right direction. You can quickly work out how much you can borrow and what your repayments could be.

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What is an Electric Vehicle loan?

An AA Money electric vehicle loan lets you borrow money to help pay for any of the costs associated with your electric vehicle, including at home chargers. With an electric vehicle loan, you’ll be charged interest on the amount you borrow over the term of your loan. You can get a quick estimate of your interest rates and repayments on your electric vehicle loan using our loan repayment calculator.

Key points

Flexible loan options

  • Competitive fixed EV rates
  • Conditionally approved loans valid for 30 days
  • Borrow up to 100% for electric vehicle purchases
  • Loan terms from 1 to 5 years

What can you use an Electric Vehicle loan for?

  • Electric Vehicles (EVs)
  • Plug in hybrid electric vehicles (PHEVs)
  • Add-ons such as a home charging station
What is the difference between an electric vehicle and a plug-in hybrid vehicle?

The main difference between an electric vehicle and a plug-in hybrid vehicle is the type of power source they use.

An electric vehicle (EV) is a vehicle that is powered entirely by an electric motor and battery pack. EVs do not have an internal combustion engine and do not use petrol or diesel fuel. Instead, they rely on electricity stored in the battery pack to power the motor and to move the vehicle. EVs are designed to be more environmentally friendly than traditional vehicles because they produce no tailpipe emissions and typically have a lower carbon footprint over their lifetime.

A hybrid car is a vehicle that uses two or more different power sources to move the vehicle. The most common type of hybrid car is a plug-in hybrid electric vehicle (PHEV), which combines an internal combustion engine with an electric motor. The electric motor is powered by a battery pack, which can be recharged by the internal combustion engine or through regenerative braking. Hybrid cars are designed to increase fuel efficiency and reduce emissions by using the electric motor for low-speed driving and the internal combustion engine for high-speed driving.

What are the benefits of owning an electric vehicle?

There are several benefits to owning an electric vehicle:

  1. Lower exhaust pipe emissions: EVs produce no exhaust pipe emissions, which can help reduce your carbon footprint and contribute to a cleaner environment.
  2. Lower operating costs: EVs typically have lower operating costs than traditional fuel-powered vehicles because they require less maintenance and have lower fuel costs.
  3. Better performance: EVs are often quieter and offer better acceleration and handling than conventional fuel-powered vehicles.
  4. Advanced technology: Many EVs now come equipped with advanced technology features, such as advanced safety features, infotainment systems, and various connectivity options.
  5. Future-proof: As the demand for EVs increases, the infrastructure for charging them will also improve. This means that EVs will become an increasingly practical and convenient choice for drivers in the future.

It's worth noting that the upfront cost of purchasing an EV may be higher than a conventional fuel-powered vehicle, but the long-term savings on operating costs and potential incentives can help offset this initial cost.

Frequently asked questions

*Lending criteria, fees, terms and conditions apply. Actual rate will be allocated based on loan amount and AA Money credit criteria.


^Valid AA Membership must be presented upon application to receive rate discount. Establishment fee of $235, Personal Property Security Register (PPSR) fee of $10.35, and Account maintenance fee of $2/month apply. For more information on interest rates, and the total cost of borrowing, view our pricing.

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