Used Car Loans

Ready for your next car? We’ll help with the finance.

  • No ongoing fees
  • Balloon repayment optional
  • Used cars up to 12 years old

What’s so good about our used car loans?

We’re here to help finance your next car, even if it has clocked a few kms over the years.

Whether you’ve been to the dealer or are looking for a better car loan deal, we’re here to help with the finance. Chat to us, get approved and start saving with a low rate car loan. It’s that easy!

We can assist with a purchase of vehicles that are up to 12 years of age.

Or, if you have an existing car loan and your balloon repayment is due, you can refinance to our used car loan to assist with the repayments.

Get started

Apply online for your Used 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.


Talk to a car loan expert

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


Ready to apply?

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

Our Used Car Loan Interest Rates

Car Loan Type

Used < 5 years

Interest rate p.a.**


Comparison rate p.a.*


Balloons available


Car Loan Type

Used 6 - 7 years

Interest rate p.a.


Comparison rate p.a.


Balloons available


Car Loan Type

Used 8+ years

Interest rate p.a.


Comparison rate p.a.


Balloons available


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


Want to win $1000 in fuel? Everyone who gets a used car loan with automatically goes in the draw to win!

Top reasons to choose this loan


No monthly, ongoing
or annual fees

Once you’ve paid off your car loan, congrats! We won’t charge you a nasty discharge fee. Enjoy your dream car!


Approval within 24 hours~

No one wants to wait around for an answer. We’ll be sure to let you know in 24 hours if your used car loan is approved, so you can get the keys to your car sooner.


Easy online

Access your online services to make payments and check in on your loan account at your fingertips with our easy-to-use online app. Login on your mobile, desktop or anywhere online.

Used Car Loan FAQs

You can save time and heartache if you get pre-approval for a loan before negotiating for your used car. Also known as preliminary approval, pre-approval is an offer from us to lend you an agreed amount, subject to full approval. Pre-approval remains valid for 60 days. To gain full approval, you'll need to supply more supporting documents and updated information.
You could get pre-approval on your car loan in around 30 minutes, and we can have the loan settled in 2-4 business days, pending all the lending criteria is met.
A balloon payment is a one-off lump sum that you agree to pay your lender at the end of your car loan’s term.

This one-off final payment will account for a large proportion of your car loan so your regular car loan repayments can be reduced as a result.

If you are at the end of your existing loan term and are coming up to your balloon repayment, you can get a used car loan to assist with this. However, you will not be able get a balloon repayment with your used car loan.
Yes! We can refinance your existing car loan, or you might have a balloon repayment coming up soon which if you refinance to us we can assist you with paying it off. When you refinance your car loan, you borrow money from a new lender to pay off your current car loan lender. You then repay your new lender over time according to the terms of the new loan contract, which should suit you better.
In short, the process to get to settlement involves you applying, speaking to a car lending specialist, and uploading your documents. may then approve your loans, issue the documents and you settle, and we then pay the funds to the dealer so you can collect your car.
We can finance cars up to 12 years old upon loan commencement.
When financing a used car, it’s a good idea to set your budget, get pre-approval for your car loan to get an idea on the amount a lender will lend you for your purchase. Then you’ll decide on the car you’d like to buy, and apply for your used car loan. With, you can apply online, we’ll assess your loan quickly so you can settle and get the keys to your used car sooner!
A used car, or a pre-owned, or secondhand car is one that has been previously owned by someone else.
There are various pros and cons to buying a new or used car, but it ultimately comes down to personal preference and what you’ll be most comfortable driving.
You absolutely can, and we’re here to help you do it. At, we make the used car loan process easy from application to settlement. Chat to one of our car loan specialists today and they can help you with your used car loan application today.

See how low your car loan repayments could be.

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Ready to get started?

Why do people choose us? is an award-winning online lender. We’ve been making it easy for Aussies to save thousands on their home and car loans for the last 10 years.


Low rates & fast decisions

Our online model means we can offer low used car loans rates. Fewer overheads and efficient processes means we can pass those savings directly to our customers and assess applications quickly, so you can get your next car on the road sooner and for a lower rate.


Australian based support team

We have an experienced, Australian-based team of experts. At every step of the way, you’ll talk to a real person from our friendly team of car loan specialists who are here for you and genuinely want to help you get the keys to your car or start saving on your car loan.


Flexible options

No matter what car you’re looking at, it’s likely we can help you. If you’re at the dealership, we can assist with anything from new cars to cars aged 12 years. Plus, our car loans have different fixed terms and balloon repayments may be available.


Award winning

By keeping our interest rates low and the loan process simple, experts continue to recognise us with awards for our products, innovations and customer service, year after year, since 2011!


Hassle free

Find out if you qualify for our used car loans in just minutes. The application process is simple, online, plus we’re here to help at each step of the way.


onTrack advantage

onTrack is our online app which allows you to complete your car loan application on your device from initial contact through to settlement and beyond. In onTrack you can complete your loan application in your own time, as it suits you. But as always, we’re here to help!

Used car loan application process

We make borrowing simple. Here’s how to get the keys to your dream car at a low rate in three easy steps.


Apply online

Fill out our application online or talk to one of our Australian-based lending specialists to do the hard work for you.


Goodbye paperwork!

Login to onTrack and easily upload the required documents. Plus, you can track your application through to approval.


Settle & save

Our innovative online process gets you to settlement quickly, so you can start saving thousands sooner.

What do our customers think?

Brian A.

October 13, 2021

Jenny B.

October 05, 2021

Sean W.

October 01, 2021


At, 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. is completely safe and financially backed by Firstmac, Australia’s 12th largest lender. Firstmac has been operating successfully for more than 40 years, and has $14 billion in mortgages under management, as Australia’s leading non-bank lender.

We are also actively involved in our local community with our 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.

Buying car

Buying a used car can save you thousands of dollars, but there is a risk that you might buy a lemon. Here some of the things to consider before you buy.

Buying car

Financing a car doesn't have to be complicated. Find out how car financing works, the best way you can finance a car and how to get a car loan with us.

Buying car

Apart from a house, a car is one of the most expensive things you can buy, so figuring out financing is one of the first steps towards buying a car.

Still have questions?


Chat online now

Send us a Live Chat with your used car loan questions and we’ll respond straight away.


Talk to a car lending specialist

Our experienced team of car lending specialists are here to help you. Book an appointment and we can answer any questions you might have.