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Let us help you buy privately

Buying privately is a great way to win some real savings on your dream car. With our real good rates, you’ll keep winning with our awarded private sale car loan.

Ready to buy? We authenticate vehicle ownership so you can purchase with confidence, now. Chat to us or apply online in under 2 minutes. It’s real easy. Get approved real fast and start saving.

Get yourself moving with a real good car loan.

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Get started

Apply online for your Private Sale Car Loan today. Or, chat to one of our friendly lending specialists and they can can do the hard work for you, managing your application quickly and easily over the phone.

Either way, we’re here to help settle your loan quickly so you can get the keys to your next car sooner.

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Talk to a car loan expert

Book a time that suits you to chat with a private sale car loan specialist and we’ll take care of the paperwork for you.

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Ready to apply?

Call us on 13 10 90, or simply start your application online.

Why choose our car loan?

Our private sale car loan is packed with real good features and benefits.

Flexible loans

Choose either a low rate variable loan with the option to make extra repayments and redraw up to $5,000 per day, or a low rate fixed loan and you can add a balloon payment option.

Real easy steps

Manage our lightning-fast private sale car loan application via our app, onTrack. Once approved, manage payments in our platform, Smart Money. Need a human? Our team is always here at every step to help.

Real good interest rate

Unlike a personal loan, our private sale car loan is secured by the private vehicle. That means you’re guaranteed to get our lowest interest rate possible. Now that’s real good.

Eliminate fraud

Be protected. We authenticate vehicle ownership within 30 minutes without physical inspection using advanced technology, real-time database checks, geolocation verifications, and biometrics.

Approval within 24 hours~

Ready? We promise to assess your loan real fast so you can set your wheels in motion and go. In most cases, you’ll know in 24 hours if all information was entered correctly and passes our requirements.

Choose either a low rate variable loan with the option to make extra repayments and redraw up to $5,000 per day, or a low rate fixed loan and you can add a balloon payment option.

Manage our lightning-fast private sale car loan application via our app, onTrack. Once approved, manage payments in our platform, Smart Money. Need a human? Our team is always here at every step to help.

Unlike a personal loan, our private sale car loan is secured by the private vehicle. That means you’re guaranteed to get our lowest interest rate possible. Now that’s real good.

Be protected. We authenticate vehicle ownership within 30 minutes without physical inspection using advanced technology, real-time database checks, geolocation verifications, and biometrics.

Ready? We promise to assess your loan real fast so you can set your wheels in motion and go. In most cases, you’ll know in 24 hours if all information was entered correctly and passes our requirements.

Used Car Loan Rates

Our Car Loan Interest Rates

Car loan Type

Interest rate p.a.**

Comparison rate p.a*

Monthly fee

Rate type

Balloons available

Used Private < 3 years

7.74%
7.69%

8.99%
8.94%

$8.00

$8.00

Variable
Fixed

No
Yes

Used Private < 5 years

7.74%
7.79%

8.99%
9.04%

$8.00

$8.00

Variable
Fixed

No
Yes

Used Private 6-7 years

9.09%

10.34%

$8.00

Fixed

No

Used Private 8+ years

12.79%

14.04%

$8.00

Fixed

No

Used Private < 3 years

Variable
7.74%
8.99%
Var rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:
Fixed
7.69%
8.94%
Fixed rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:

Used Private < 5 years

Variable
7.74%
8.99%
Var rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:
Fixed
7.79%
9.04%
Fixed rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:

Used Private 6-7 years

Fixed
9.09%
10.34%
Fixed rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:

Used Private 8+ years

Fixed
12.79%
14.04%
Fixed rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:

Want to see more car loan options? Compare our car loans

Want to see more car loan options? Compare our car loans

Join our other loans.com.au customers

Very helpful with clear communication and quick responses

Ray and Jordan at Loans.com.au have helped us to acquire the mortgage in a short time. They are very helpful with clear communication and quick responses. Definitely recommend anyone give them a go!

Vincent L.
08 May 2024

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Exceptional service! Grateful to Ray for guiding us through the home loan process for our first home. His expertise, responsiveness, and personalised approach made everything smooth. Highly recommend. Thank you Ray and team.

Mary H.
18 Mar 2024

Very easy process

Very easy process with a friendly lending manager to guide you through.

Helen D.
25 Feb 2024

A big thanks to loans.com.au

My experience in getting a loan from Loans.com.au has been great. I think I was also fortunate in getting a highly experienced loan officer Ray Glowacki who was able to evaluate the circumstance and offer me the most suitable product.

FRANK D.
31 Jan 2024

Extremely helpful

Ray has been extremely helpful in setting up my refinance, he made the process so easy and was happy to take the time to answer all my questions. Thanks Ray!

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17 Jan 2024

Helpful!

Ray was an absolute pleasure to work with. His knowledge and years of experience meant he was able to assess our complex situation to find the best outcome for us. Ray thank you so much for your help and support every step of the way!

Samantha S.
16 Dec 2023

Professional and less stressful application

A big thanks to Ray and his team for making this process seamless. Professional advice and communication throughout the process. Professional and less stressful application than with any other we have been involved in before.

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12 Dec 2023

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Great customer service, thanks Ray!

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19 Nov 2023

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Ray was simply amazing! He took on my crazy timing request and helped drive the process to conclusion. Took some of the stress out of purchasing a property!

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14 Nov 2023

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21 Sep 2023

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Ray couldn’t have made the process of refinancing any easier for us. Would highly recommend.

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21 Aug 2023

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Excellent People, Cheap rates, fast process. I had to arrange finance in 2 weeks and they sorted it out. Rena has been extremely helpful.

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26 Jul 2023

Calculate your car loan repayments.

Estimate your monthly car loan repayments with our calculator below.

Estimated savings from repayments graph

Your estimated repayments are

$676.22
$45,000
$5,961
$50,961

Calculator assumptions

Save thousands on your car loan

Save the planet. Save thousands on your car loan.

6.24%
variable rate p.a**
7.36%
comp rate p.a.*
Redraw facility available up to $5,000
Approval within 24 hrs~
Flexible loan terms
FIND OUT MORE

Real easy application process

1
Application

Application

Simply fill out your car 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
onTrack

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.

3
Speak to specialist

Speak to specialist

You will then have an appointment with one of our lending specialists to organise your preliminary approval of your loan, and help you progress through the car loan approval process through to settlement as quickly as possible.

4
Signing document

Signing document

Check onTrack to received your final approval, mortgage documents and loan agreement. You must sign these and return them in to onTrack, which authorises us to deal directly with your existing lender.

5
Settlement

Settlement

Your loan will settle so you can make payment to the dealer. You'll start saving with your new low rate, and get your keys to your new dream car!

6
Access your account

Access your account

Once settlement is complete, we will send your login credentials to start managing your payments in the Smart Money app.

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.

Why choose loans.com.au?

Low interest rates

Being an online lender with fewer overheads means we’re able to pass on the savings to our customers.

Australian based

Get help when you need it from our friendly team of Australian based, lending specialists.

Flexible options

Whether you’re looking to buy new or used at a dealership, or purchase a used car privately, we are sure we have a car loan that can assist you.

Award winning

We keep on winning awards for our products, innovations and customer service, year after year!

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At loans.com.au, we help people into their dream homes and cars.

For the last 10 years, thousands of Aussies have trusted our experienced & locally based team with some of their biggest financial decisions - buying a home, a new car or refinancing to save on interest.

Our customers trust us to support them with low home loan and car loan rates, approved quickly through our easy-to-use online app.

loans.com.au is completely safe and financially backed by Firstmac, Australia’s 12th largest lender. Firstmac has been operating successfully for more than 40 years as Australia’s leading non-bank lender.

We are also actively involved in our local community with our loans.com.au Women, Children & Community Program designed to support Australian charities on their mission to raise awareness for important causes.

Read our story

Guide to buying a car

Most people have questions as they start on the car buying journey, so we have pulled together some articles to help you.

From tips on how the car loan process works, to information on buying a car, you can find it here. .

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