close-icon

Used car loan

Flexible finance that helps make your next used car purchase simple and affordable.

awards awards awards awards
Award-winning loans

Rates start from

5.99
%
p.a
Rates from**
7.12
%
p.a
Comparison rate*
  • Approval within 24 hours~
  • 3 - 7 year loan terms available
  • Borrow from $5,000 - $150,000
  • Available for used vehicles up to 12 y/o
  • Fixed or variable rates available
Get my personalised Quote
Won’t impact your credit score!
Our Google Rating
4.5
561 reviews

More reasons to choose us for your used car loan

Quick steps to your personalised rate image

Quick steps to your personalised rate

Apply anytime and from anywhere image

Apply anytime and from anywhere

Online convenience, 
local support image

Online convenience, 
local support

Smarter lending for your 
pre-owned car image

Smarter lending for your 
pre-owned car

Car Loan Interest Rate from Comparison Rate from Product Features Details
Variable

Variable Car Loan

5.99 %   p.a. to 15.89 %   p.a. 7.12 %   p.a. to 17.01 %   p.a.

Flexible repayment options - choose weekly, fortnightly or monthly

Unlimited additional repayments

Redraw up to $5,000 per day

Personalised Quote Now! Find out more
Fixed

Fixed Car Loan

6.54 %   p.a. to 15.24 %   p.a. 7.67 %   p.a. to 16.36 %   p.a.

Flexible repayment options - choose weekly, fortnightly or monthly

Option of balloon payment**

Unlimited additional repayments##

Personalised Quote Now! Find out more

Start now and take the next step towards your new car

Start now

Get a personalised rate and repayment estimate for your car loan by answering a few simple questions. Your rate is tailored to your credit score and the loan details you provide.

Get My Personalised Quote

Won’t impact your credit score!

A car loan built for you

Rate type Interest rate from ** Comparison rate from*
Variable 5.99% p.a to 15.89% p.a 7.12% p.a to 17.01% p.a
Fixed 6.54% p.a to 15.24% p.a 7.67% p.a to 16.36% p.a
Available term 3-7 years
Available for refinance or purchase Yes
Flexible repayment options Weekly, fortnightly or monthly
Vehicle types New & Demo
Used
Green/Electric
Application fee $400
Monthly fee $8
Discharge fee $0
Early termination fee Variable
$0

Fixed
$700 in the first and second years of the loan term.
$500 in subsequent years of the loan term (excluding final year).

Work out your car loan repayments

Use our car loan calculator to help estimate your repayments.

Your loan details
Reason for loan
Rate type
%
Loan term
Repayment frequency
%
Estimated repayments#
$217
per week
Interest Rate
5.99% p.a.
Loan amount
$45,000
Interest charged
$7,186
Initial deposit/trade in
$0

What happens once I get my quote?

Start now

We give you a personalised quote and estimated repayments based on your credit score and the loan details you provide to us - without impacting your credit score.

Knowing your rate and repayments up front means you can shop with confidence, focus on the right vehicle, and move fast when you find the perfect one.

Your personalised quote is valid for 48 hours. We'll then give you a quick call to progress your application so that you can get behind the wheel sooner.

Free guides & reports

Your guide to buying a car

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.

Your guide to balloon payments

Our easy-to-follow guide explains how balloon payments work, what to expect at the end of your loan term, and how it might fit into your car finance plans.

Frequently asked questions

A rate quote is a personalised estimate of the interest rate and repayments you could expect on your car loan, based on the information you provide.

At loans.com.au, getting a rate quote is fast, free, and won’t affect your credit score. It’s a great way to understand your borrowing capacity and also gives you an idea of what your repayments could look like.

Get my personalised quote

A quote is a quick, personalised estimate of your car loan interest rate and repayments based on basic information you provide. It’s an obligation-free quote, doesn't impact your credit score, and helps you understand if you qualify for a car loan.

An application is a formal request for a loan. It involves providing more detailed information and supporting documents. Once submitted, your application goes through a full credit assessment.

A used car, or a pre-owned, or secondhand car is one that has been previously owned by someone else.

You absolutely can, and we’re here to help you do it. At loans.com.au, we make it simple to obtain a loan for a used car, all the way from application to settlement. Chat to one of our friendly car loan specialists today to get started and understand your borrowing capacity and your personalised rate.

Yes, we have eligibility guidelines for used vehicles. Typically, the car should be under a certain age (for example, less than 12 years old at the start of the loan term). Our lending specialists can confirm if the car you’re looking at is eligible.

You can apply online and we'll show you your personalised rate and repayment estimate based on your credit score and the loan details you give us. It only takes a few steps, and it won't affect your credit score. Alternatively, you can book a chat with one of your car loan lending specialists.

Yes, rates can differ because used cars typically have different resale values and risk profiles compared to new cars. With risk-based pricing, you’ll still receive a personalised rate that reflects your situation and the vehicle’s age.

Our car loan application process

1
Start with a quick quote

Start with a quick quote

Find out what your personalised rate and estimated repayment could be.

Get My Personalised Quote
2
Speak to your Specialist

Speak to your Specialist

Chat to your car lending specialists to find out your personalised rate and what you repayments will be.

3
Apply online

Apply online

You can begin your application.

4
Upload & Track

Upload & Track

Submit your documents and monitor your application in real time via our onTrack portal.

5
Approval & Signing

Approval & Signing

Review and sign your car loan documents and loan agreement via onTrack.

6
Settlement

Settlement

After your car loan settles, the funds will be ready and paid directly to the seller.

7
Manage Your Loan

Manage Your Loan

You'll receive your login details to manage your repayments and account details via our Smart Money app.

Slide 1

Wally

Verified review

Wally

Verified review

Meet Wally, a Gold Coast-based customer who came to loans.com.au for a car loan when he needed to upgrade his vehicle.

  • Wally was in the market for a new vehicle after deciding it was time to upgrade from his older car. With help from his son-in-law, who has experience buying cars, Wally attended a car auction in Brisbane. Together, they set out to find the right vehicle—eventually landing on a Mazda CX-5 with low kilometres and in great condition.

  • Wally needed to secure a car loan before attending the auction.

Slide 2

Sinisa

Verified review

Sinisa

Verified review

Meet Sinisa, an awesome customer of ours who came to us when he wanted to finance a new car purchase.

  • I like Toyotas and I own two. When it came time to replace one, I decided to buy a Toyota Corolla hybrid.

  • I did some research online and spoke to a number of different lenders on the phone. I decided that loans.com.au was the best option because of its great rate and other loan features. I applied online and then they called me on the phone and we took it from there

Slide 3

Daniel

Verified review

Daniel

Verified review

Meet Daniel, a fantastic customer of ours who came to us when he needed a bigger car to accommodate his growing family.

  • Daniel and his partner needed a larger, more capable vehicle to suit their family’s lifestyle. With five children between them and a love for camping and towing a caravan, their previous car just wasn’t cutting it. It was time for an upgrade to something roomier and more robust—a Toyota LandCruiser Prado.

  • He applied for pre-approval, found the process quick and straightforward, and was soon driving away in a new Toyota LandCruiser.

Customer reviews

Our Google Rating

star-full star-full star-full star-full star-full
4.5/5
561 reviews

Why Aussies Choose Us

Awarding winning 
loans & service image

Awarding winning 
loans & service

Flexible loan options 
available image

Flexible loan options 
available

Australian based(why chose us - Hub pages) image

Australian based lending specialist

Save with our competitive interest rates image

Save with our competitive interest rates

Find out your personalised rate and repayments

Get your personalised quote

Won’t impact your credit score!

Welcome to loans.com.au _

Just in case we lose you, may I ask for your contact details....



Loading Form