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.
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.
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%
7.79%
8.99%
9.04%
$8.00
$8.00
Variable
Fixed
No
Yes
Used Private < 5 years
7.74%
7.99%
8.99%
9.24%
$8.00
$8.00
Variable
Fixed
No
Yes
Used Private 6-7 years
8.79%
10.04%
$8.00
Fixed
No
Used Private 8+ years
12.49%
13.74%
$8.00
Fixed
No
Used Private < 3 years



Used Private < 5 years



Used Private 6-7 years


Used Private 8+ years

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

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.
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Read our storyGuide 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. .