close-icon

What’s so good about our used car loans?

Whether you’ve been to the dealer or private seller and have found an amazing secondhand car or are looking for a better loan deal on your existing car finance, we’re here to help.

Chat to us or use our easy online application process to apply in under 2 minutes, get approved and start saving with a low rate car loan. It’s that easy!

We can assist with a purchase of vehicles anywhere between new cars and 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 even refinance your loan to our lower rate used car loan to save on interest 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.

call-icon

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.

apply-icon

Ready to apply?

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

Top reasons to choose this loan

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.

Approval within 24 hours~

Our application process is extremely quick and easy to use, meaning we can assess your loan quickly. In most cases for our car loan applications, we can have an answer to you in 24 hours, provided all the information was entered correctly and passes our lending requirements.

Borrow from $5,000

You don't have to borrow too much to get the keys to the car of your dreams. At loans.com.au we offer car loans from as little as $5,000 to get you on the road in the right car for you.

Easy online process

It is extremely quick and easy to apply for a loan with us, with the simple application form taking less than 2 minutes! From there, you can manage your application and documents through our easy-to-use app onTrack, and then once approved managed your payments in our Smart Money online services platform. Plus, our team is here to answer any questions you have at any step along the way.

Cars up to 12 years old

We understand not everyone wants to purchase a brand new car. We offer car loans for vehicles aged up to 12 years old at the beginning of the loan term, or 15 years at the end of the loan term. If you've found a car you love, chat to our friendly team of car loan specialists to see if we can help finance your car.

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.

Our application process is extremely quick and easy to use, meaning we can assess your loan quickly. In most cases for our car loan applications, we can have an answer to you in 24 hours, provided all the information was entered correctly and passes our lending requirements.

You don’t have to borrow too much to get the keys to the car of your dreams. At loans.com.au we offer car loans from as little as $5,000 to get you on the road in the right car for you.

It is extremely quick and easy to apply for a loan with us, with the simple application form taking less than 2 minutes! From there, you can manage your application and documents through our easy-to-use app onTrack, and then once approved managed your payments in our Smart Money online services platform. Plus, our team is here to answer any questions you have at any step along the way.

We understand not everyone wants to purchase a brand new car. We offer car loans for vehicles aged up to 12 years old at the beginning of the loan term, or 15 years at the end of the loan term. If you've found a car you love, chat to our friendly team of car loan specialists to see if we can help finance your car.

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 < 3 years

7.74%
8.09%

8.85%
9.20%

$8.00

$8.00

Variable
Fixed

No
Yes

Used < 5 years

7.74%
8.29%

8.85%
9.40%

$8.00

$8.00

Variable
Fixed

No
Yes

Used 6-7 years

9.09%

10.20%

$8.00

Fixed

No

Used 8+ years

12.79%

13.90%

$8.00

Fixed

No

Used < 3 years

Variable
7.74%
8.85%
Var rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:
Fixed
8.09%
9.20%
Fixed rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:

Used < 5 years

Variable
7.74%
8.85%
Var rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:
Fixed
8.29%
9.40%
Fixed rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:

Used 6-7 years

Fixed
9.09%
10.20%
Fixed rate p.a
Comp rate p.a.*
Monthly: $8.00
Balloon availability:

Used 8+ years

Fixed
12.79%
13.90%
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 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!

Tamara W.
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.

Gareth W.
12 Dec 2023

Great customer service!

Great customer service, thanks Ray!

Chris W.
19 Nov 2023

Simply amazing!

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!

Clive G.
14 Nov 2023

Quick efficient and friendly!

Incredible company that has 10/10 customer service. Quick efficient and friendly!.

Gdenma G.
21 Sep 2023

Would highly recommend

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

Scott B.
21 Aug 2023

Excellent People, Cheap rates, fast process

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

Sam S.
26 Jul 2023

Incredible experience

Had full formal approval within 10 days from applying online. Hassle free, transparent and above all else a really competitive interest rate. Thanks all for making an incredibly stressful and high stakes event so seamless. HIGHLY recommend!

Tim D.
25 Jul 2023

Brilliant service

Brilliant service, timely manner for response and a quick turn around in approval. Will definitely be recommending.

Ominous B.
03 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

$652.86
$45,000
$8,934
$54,841

Calculator assumptions

Save thousands on your car loan

Save the planet. Save thousands on your car loan.

6.09%
fixed rate p.a**
7.21%
comp rate p.a.*
1% discount on qualifying electric cars
Approval within 24 hrs~
Flexible loan terms
FIND OUT MORE

Our used car 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 or private seller. You'll start saving with your new low rate, and get your keys to your 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.

Used car loan FAQs

In short, the process to get to settlement involves you first applying for a car loan, either online or over the phone. A pre-approval may then be issued to you, after which you upload your supporting documents and provide any additional information. loans.com.au will then assess your car loan application, and if approved, your loan documents will be issued to you. Once your loan documents are returned, your loan will settle, and we pay the funds directly to the dealer so you can collect your car.

We can finance cars up to 12 years old upon loan commencement.

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 and beyond. Chat to one of our friendly car loan specialists today and they can help you with your used car loan application.

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.

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 certain conditions. Pre-approval remains valid for 60 days. To gain full approval, you'll need to supply more supporting documents and updated information.

Yes! If you are looking for a better deal on your existing car loan, or if you have a balloon payment due soon which you would like to pay back over a new loan term, we can assist you. When you refinance your car loan, you borrow money from a new lender to pay off your current car loan lender. Refinancing your car loan to loans.com.au can help you get a better deal and may end up saving you a significant amount of money over the life of your loan.

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.

When financing a used car, it's a good idea to set your budget, and get a 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 loans.com.au, you can apply online, we'll assess your loan quickly so you can settle and get the keys to your used car sooner!

You certainly can! A balloon payment is a one-off lump sum that you might 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.

It’s important to note - the balloon repayment option is only available if you get a fixed car loan, and will not be available for the variable car loan.

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!

award-winning-img mt-5 mt-md-0

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, and has $16 billion in mortgages under management, 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. .

Welcome to loans.com.au _

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



Loading Form