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Need a car loan for a private sale?

Our real good competitive rate car loans will help get you the keys to your new car sooner than you think!

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Variable Car Loan
Private Sale < 5 years old

6.89
%
p.a
Rates from**
8.16
%
p.a
Comparison rate*
  • Available for Used Cars up to 5 y/o
  • Redraw up to $5,000/day for variable rates
  • Up to 7 years loan term
  • Variable rate adjusts with interest rate changes
  • Get Preapproved to confidently secure your car financing
Our Google Rating
4.5
490 reviews

Why choose this car loan?

Approval within 24 hours~

Apply online and if you qualify, you’ll know your budget to find your new car.

From 3 to 7 year loan term

Enjoy the flexibility of 3 to 7 years loan term, and you decide if you pay weekly, fortnightly or monthly.

$5,000 to $150,000

We offer car loans from as little as $5,000 to get you on the road in the right car for you.

Fixed or variable

Choose either a low rate variable loan and redraw up to $5,000 per day, or a low rate fixed loan.

Work out your car loan repayments

Use our car loan calculator to estimate what your monthly repayments could be.

Your loan details

Reason for loan
Rate type
Repayment frequency
Loan term
%
Most Popular

Variable Car Loan - Used < 3 years old

Loan terms from 3 to 7 years
Fasten your seat belt & get a great used car deal.

Interest rate
6.89% p.a.
8.02% p.a.

Estimated repayments#
$677 per month
Loan amount
$45,000
Interest charged
$10,737

A low rate car loan that looks just like this

Here’s your new offer

Rates
Variable Interest Rate: Comparison Rate:
Variable Car Loan - Private Sale < 3 years old 6.89% p.a.** 8.16% p.a.*
Variable Car Loan - Private Sale < 5 years old 6.89% p.a.** 8.16% p.a.*
Fixed Interest Rate: Comparison Rate:
Fixed Car Loan - Private Sale < 3 years old 7.29% p.a.** 8.56% p.a.*
Fixed Car Loan - Private Sale < 5 years old 7.39% p.a.** 8.66% p.a.*
Fixed Car Loan - Private Sale 6-7 years old 8.69% p.a.** 9.96% p.a.*
Fixed Car Loan - Private Sale 8+ years old 12.39% p.a.** 13.66% p.a.*
Key Features Flexible loans
Approval within 24 hours
Borrow from $5,000 to $150,000
Easy online process
Access your account via Smart Money app
Repayments Frequency Weekly, monthly or fortnightly
Estimated repayments $169 per week# The weekly repayment estimate is based on a $45,000 loan over 7 years at 6.89% p.a. paying variable rate.

View car loan calculator

Fees

Application fee

$500
Monthly fee $8
Discharge fee $0
Early termination fee $700 in the first and second years of the loan term. $500 in subsequent years of the loan term (excluding final year).

Variable

Variable Car Loan - Private Sale < 3 years old Interest Rate: 6.89% p.a.**
Comp Rate: 8.16% p.a.*
6.89 Interest Rate: 6.89% p.a.**
Comp Rate: 8.16% p.a.*

Fixed

Fixed Car Loan - Private Sale < 3 years old Interest Rate: 7.29% p.a.**
Comp Rate: 8.56% p.a.*
>Fixed Car Loan - Private Sale < 5 years old Interest Rate: 7.39% p.a.**
Comp Rate: 8.66% p.a.*
Fixed Car Loan - Private Sale 6-7 years old Interest Rate: 8.69% p.a.**
Comp Rate: 9.96% p.a.*
Fixed Car Loan - Private Sale 8+ years old Interest Rate: 12.39% p.a.**
Comp Rate: 13.66% p.a.*
Flexible loans
Approval within 24 hours~
Borrow from $5,000 to $150,000
Easy online process
Access your account via Smart Money app
Frequency Weekly, monthly or fortnightly
Estimated repayments $169 per week# The weekly repayment estimate is based on a $45,000 loan over 7 years at 6.89% p.a. paying variable rate.

View car loan calculator

Application fee $500
Monthly fee $8
Discharge fee $0
Early termination fee

$700 in the first and second years of the loan term.

$500 in subsequent years of the loan term (excluding final year).

2024 WeMoney - Best Electric Car loan 2023 WeMoney - Best Usesd Car Loans 2023 Wemoney - Exellent fee Car Loans Gold Award - Best Green Car loan Gold Award - Best New Car Loan
Our car loan products are recognised & awarded by the Australian financial industry

Low rate car loan eligibility

Join our other customers

Excellent service

Excellent service. Easy to complete online with great assistance.

David L.
30 May 2025

Smooth and stress-free

I’m truly grateful to loans.com.au for securing a loan for me with such a great interest rate. From the very beginning, they were professional, responsive, and incredibly helpful throughout the whole process. They made everything smooth and stress-free, and I felt supported every step of the way.

Mostafa M.
29 May 2025

Fantastic to work with

Sharon and Harriet have been fantastic to work with. Their bosses are very lucky to have these two employees. They make the business a pleasure to engage with.

Joel F.
28 May 2025

Helpful and professional

The two ladies I delt were really helpful and professional couldn't be happier with the outcome.

Daniel H.
26 May 2025

Fast approval

Amazing service. Trina went above and beyond to make it an easy and fuss free experience!! Easy online portal to upload documents and fast approval. Our second loan through them and would use again and again!

Danielle T.
21 May 2025

Speed, efficiency, and real human support

Trina’s support made all the difference, and I can’t thank her enough! If you're looking for a loan provider that combines speed, efficiency, and real human support, I highly recommend Loans.com.au.

Michael I.
09 May 2025

Very professional

Very professional, always maintain contact through out the process and quick to respond when calling or emailing. Overall process was quick and easy. Thumbs up 👍 would definitely use them again.

Stewart O.
05 May 2025

Great outcome

Thankyou Tiffany for being so kind, warm, friendly, and helpful to my husband and I. Its people like you that make life's decisions so much easier. We need more people like you and your personality doing the type of service you offer. Thankyou for all your support for a great outcome.

Donna A.
30 Apr 2025

Excellent customer service and support

Thanks to the hard work and commitment of both Emira and Cherie, I felt confident and well-supported at every step. I would highly recommend Loans.com.au to anyone seeking car finance solutions, and I look forward to working with your team again in the future.

Avi I.
29 Apr 2025

Highly recommended

Great to deal with kept us up-to-date every step of the way with the refinancing would highly recommend them.

Bradley P.
28 Apr 2025

Less stressful

Brent is the best lending manager I have ever dealt with. Patient, friendly and knowledgeable. Always willing to help and also provide options to consider so that I don't miss out anything. This made my purchase and refinance of investment property much less stressful

Jason P.
15 Apr 2025

Hassle free

Helen, Sharny and the loans.com.au team have been excellent to work with. Jason and I have never had such good communication with a bank. The whole loans process from start to finish has been hassle free and having the onTrack app makes keeping track of where you are in the process, easy. Would definitely recommend.

Sally C.
14 Apr 2025

It's fast & easy to get a loan with loans.com.au

1

Apply online

Simply fill out your loan application online by entering some of your details, or chat to one of our friendly lending specialists over the phone and they can complete your application for you.

2

Speak to a specialist

You will then have a phone appointment with one of our lending specialists to finalise your application, and help you progress through the loan approval process through to settlement as quickly as possible.

3

Upload documents (OnTrack)

After your application is complete, use our system we call onTrack on your desktop or device to add your documentation such as payslips and bank statements, and track the progress of your application.

4

Settle

Your loan will settle and you'll start enjoying the benefits of your low-rate car loan!

Private Sale Car Loan FAQs

Buying a used car from a private seller, instead of a licensed car dealership, means we’ll need a bit more details and you’ll need to take a few extra steps, but don’t worry, we’ll be with you every step of the way.

A private sale car loan is when a vehicle finance company lends you the money to buy a vehicle from a private seller (not a dealership). The lender will then hold security over the privately purchased vehicle for the duration of the loan. Private sale car loans can be used for personal or commercial use. Speak with us about how we can best structure your loan to suit you and the repayment that you are trying to achieve.

Our private sale car loan is secured by the vehicle. As such, we’ll need some information from the seller about the car in order to approve the loan. Typically, you will need to provide:

  • Current vehicle registration certificate
  • Current owner’s drivers licence and banking details
  • Sale agreement, and potentially
  • Financier payout letter if the vehicle is encumbered

The first step most people take is to get pre-approved for a private sale car loan. This gives you a budget, which makes it easy to search for a car. Of course, if you have already found the car first then you can also apply for a specific amount, making sure to include all car details.

Yes.

Getting a car loan pre-approval gives you the confidence to make an offer on your next vehicle before it’s taken off the market by another private buyer. It also give you great bargaining power with the seller. Talk with us about getting a private sale car loan pre-approval.

Yes.

Whether you buy privately or through a dealer, the car loan application process is similar. Our income and overall profile requirements for your application are virtually the same in both cases. Private sale car loans need just a few more steps to protect you against fraud and scams.

Since our private sale car loans are secured by the vehicle, you’ll find our interest rates are real good.

Most people like buying their car via private sale, which offer them more room to negotiate a better price than via a dealer, who carry added overheads like rent, salaries, franchise fees and more. Private sellers will also typically discount to get the sale done now, whereas dealers are usually happy to wait.

Buying a car through private sale can save you money, but it’s different to buying a car from a dealer.

Here’s why:

  • As the buyer, you don't have the same consumer protections
  • This means you are responsible for all checks on the vehicle
  • Once you purchase the car privately, you assume full responsibility
  • Usually, you cannot take the car back after buying it

A vehicle with finance owing on it is ‘encumbered’. Fortunately, your private sale does not need to stop if you discover the car is under finance. In fact, you can still buy it. There's no need to worry. Finance will still proceed as per normal. You and the current owner just have to decide how to settle the amount owing.

  • Payout the loan first - You can payout the loan if you have sufficient funds, then either reduce the asking price accordingly or enter some other agreement. This may save both you and the present owner time and effort.
  • Provide a payout letter - Alternatively, the seller will need to provide a payout letter issued by their lender. It will contain essential information that we use to transfer appropriate funds to the previous owners' lender.

Never pay the seller the full sale amount directly if the vehicle is encumbered. Otherwise, if the seller decides not to repay their loan the the car you have purchased may be repossessed to cover the debt.

It depends.

Sellers can request that you put down a deposit so the vehicle isn't sold to anyone else – but you are not obliged to do so. Do not pay a deposit or make an offer until you have all the facts. Even if the car seems absolutely perfect after a test drive, you’ll still want to get more details before you commit to a purchase.

To start, you may want to arrange a mechanical inspection. Get any subsequent deal conditions clearly expressed in writing. For example, in some situations, the seller may ask for a deposit as a form of security. If you want the car examined by a certified mechanic, the seller will probably ask for a security deposit so they’re confident you’ll return the car. In these situations, be thorough and explicit in your conditions for leaving a deposit, and get it in writing. Be sure that if the car fails the mechanical inspection then you stipulate that the seller agrees to return your deposit in full.

Be smart. Being overly eager is what gets most buyers into trouble when negotiating a private purchase.

Smart friends

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A guide to car loans

If you are looking at car finance to purchase your next car and have lots of questions, our guide contains our loan process, what documents you'll need, preapproval, tips and more.

We're help to help you when you may need us.

Ready to get the keys to your new car?

Complete our quick application form to find out if you qualify.

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