From Fuel to Loans, Everything You’ll Save When You Switch to an Electric Vehicle
When people think about EVS, their minds usually turn to savings. And fair enough – avoiding regular trips to the servo is a big draw card in 2026. But what they don’t consider is all of the other areas where they’ll be saving too.
In this article, we run through everything you’ll save by switching to electric. Click ‘Apply Now’ to start the electric vehicle finance process online.
Fuel Costs
This is the obvious one – especially at the moment.
Charging an EV is typically cheaper than filling up with petrol or diesel, especially when you’re charging at home. Electricity prices do vary, but they’re generally much cheaper than weekly fuel prices.
These savings can be significant if you’re racking up a lot of kilometres each week or have regular commutes to work.
Reduce Your Exposure to Price Fluctuations
The frustration around petrol prices isn’t just the cost itself, it’s the unpredictability. Prices are shifting rapidly and making it almost impossible to budget from month to month.
Electric vehicle ownership gives many buyers a greater sense of control – their loan fees are stable and so are their ‘fuel’ costs. That predictability is becoming a major selling point, particularly for those juggling rising costs elsewhere.
Servicing and Maintenance
Electric vehicles generally have fewer moving parts than traditional combustion engines. Fewer parts means fewer things to wear out and require servicing.
It all depends on the vehicle, but you can expect to reduce (if not avoid) the costs associated with oil, spark plugs, exhaust systems, timing belts and other engine related repairs.
This doesn’t mean that EVs are maintenance free – you’ll still need general servicing and checks on tyres, brakes and suspension. What it does mean is that overall servicing requirements will be simpler and cheaper.
Longer Term Costs
Budgets are getting tighter and buyers are starting to look beyond the purchase price to consider the total cost of ownership. This is where EVs pull ahead.
In some cases they do cost more upfront, but the reduced maintenance and fuel costs balance that out to create more affordable long term expenses. This is especially relevant to households trying to manage the rising costs of living and businesses with regular travel requirements.
Depending on your lender, it’s also possible your EV loan has better terms than a petrol car. Our crew work with a panel of 40+ lenders and are sure they can find the structure that’s right for you.
Government Incentives
Depending on your situation and state of residence, switching to electric can open the door to government incentives and tax benefits.
These include:
EV rebates
Reduced registration costs
Fringe Benefits Tax (FBT) exemptions for eligible business use vehicles
Other state or federal support programs
These programs change overtime and depend on jurisdiction, but whatever you’re eligible for will reduce the upfront cost of a new car.
Speak with our crew to learn more about the programs that apply to you.
Potential Business Savings
Electric vehicles are also becoming a viable and attractive option for WA businesses. They’re helping operators reduce fuel costs, maintenance expenses and overheads.
Those savings, combined with tax incentives, are leading more businesses to explore electric as part of their long term strategy.
Many of our 40+ lenders are open to business finance for an EV or hybrid vehicle fleet and offer a range of loan structures and rates. Get in touch or click ‘Apply Now’ and our team will run you through them.
It’s Not Just About Saving Money
We’re finding that not many EV buyers are motivated by a single factor. People are going beyond the lower running costs and budget predictability to look at the whole host of benefits, including:
A more environmentally friendly option
Modern technology
Future focused ownership
For some, savings are the main attraction. For others, it’s about future proofing their assets and reducing carbon footprint.
Our Crew are Here to Support Your EV Switch
At Loans Unlimited, we’ve worked hard to stay ahead of the curve on EVs and keep up with buyers’ evolving needs.
Our crew have locked in a 5.69% rate on electric vehicle loans – one of the best auto loan rates available for an EV or petrol vehicle. It’s valid across our entire panel of 40+ lenders and available to buyers looking for:
EVs for personal use
Commercial EV finance
Low-doc options
Pre-approval
Flexible loan structures and repayment terms
If you’re still contemplating your options, we’re also available to run you through the process and explain your choices clearly.
Thinking About Making the Switch? Get Pre-Approved for an Electric Vehicle Loan in 1 hour
Electric vehicles are becoming the environmentally and financially practical option for a growing number of West Aussies. If you’ve been considering making the switch and want to better understand your options, get in touch with our crew.
Click ‘Apply Now’ to complete our online EV loan pre-approval form and start your switch to electric.
