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Found a preloved vehicle and love it?

You’ll love our competitive rate car loan too!

Multi-award winning

  • awards
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Variable Car Loan
Used < 5 years old

6.89
%
p.a
Rates from**
8.02
%
p.a
Comparison rate*
  • Available for Used Cars up to 5 y/o
  • Redraw up to $5,000/day for variable rates
  • Up to 7 year loan term
  • Variable rate adjusts with interest rate changes
  • Get Preapproved to confidently secure your car financing
Apply Now
Our Google Rating
4.5
561 reviews

Why choose an award winning low-rate car loan?

Approval within 24 hours~

Apply online and if you qualify, you’ll know your budget to find your new car.

From 3 to 7 year loan term

Enjoy the flexibility of 3 to 7 years loan term, and you decide if you pay weekly, fortnightly or monthly.

$5,000 to $150,000

We offer car loans from as little as $5,000 to get you on the road in the right car for you.

Variable

Choose a low rate variable loan and redraw up to $5,000 per day.

Work out your car loan repayments

Use our car loan calculator to estimate what your monthly repayments could be.

Your loan details

Reason for loan
Rate type
Loan term
Repayment frequency
%

Variable Car Loan - Used < 3 years old
Loan terms from 3 to 7 years
Fasten your seat belt & get a great used car deal.
Interest rate
6.89% p.a.
8.02% p.a.
Estimated repayments#
$677 per month
Loan amount
$45,000
Interest charged
$11,847
Apply Now
See loan details
Calculator assumptions

Low rate car loan eligibility

Apply now

Real-life customer stories

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Slide 1

Sienna

Meet Sienna, an awesome customer of ours who came to us when it was time to purchase a new car.

  • I had a Mazda 3 which I really liked but, with a new baby boy, I wanted something a bit bigger and safer. As a sales associate for a real estate agency, I’m out on the road a lot.

  • Once I knew what I wanted, I searched for a lender online and found loans.com.au straight away. I wanted to get pre-approved for the loan before I went in to the dealer to buy because I’m on maternity leave. I didn't want to get excited and look at a car and then have to say that I'm wasting everyone's time because I can't get finance! So, I filled out the loans.com.au pre-approval form online a few days before I planned to go in to the dealer, and a loans.com.au loan specialist called me within about 20 minutes.

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Slide 1

Derek

Meet Derek, a customer of ours who took out a home loan with us and then followed up with a car loan

  • I took out a home loan with loans.com.au about four years ago. There’s never been a problem with the home loan. It’s been great - set and forget. I started looking at getting a new car.

  • I rang around and found a dealership who said they had a red one coming in next week that had fallen over on a finance deal. I put a deposit on it and then arranged my own finance with loans.com.au.

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Slide 1

Richard

Meet Richard, an awesome customer of ours who came to us when it was time to purchase a new car.

  • I had my old car for 21 years. Around ten years ago it was seriously dented in a hail storm. The repairers did a poor job and within five years the paint coating started peeling everywhere they had repaired.

  • Getting the finance in a rush as the car I bought was available for immediate pick-up and the dealer wanted to receive the money before the end of the month.

  • I applied for two loans to secure funding in case one fell through - one with the dealer and one with loans.com.au. Whoever came up with the money first got my business.

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What other customers are saying

Absolutely brilliant, professional and very informative

“What a joy to deal with Liam and Emira from Loans.com. I started applying for my car loan last Thursday and by Tuesday afternoon the car dealer was paid. Liam and Emira were absolutely brilliant, professional and very informative. My mortgage comes off fixed next June and I know where I will be moving to. Thank you for everything.„

Carolyn G.
19 Jun 2025

The loan process was really easy and quick

“The loan process was really easy and quick. Staff is really friendly and keep you updated. Highly recommended.„

Vishal K.
18 Jun 2025

The fastest and easiest process I have ever had in regards to any finance

“The fastest and easiest process I have ever had in regards to any finance. From first chat to settlement in 24 hours and constant communication the entire way! Trina is first class! Emira was SENSATIONAL! BEYOND RECOMMEND!„

Brian S.
17 Jun 2025

The team was absolutely amazing to deal with

“I have dealt with Jessica on a recent new home loan application and Jessica and the team was absolutely amazing to deal with. Super quick and kept with in the loop throughout the process. Second to none customer services!„

Simon L.
16 Jun 2025

I could not have asked for a better service

“The service and follow up provided by the loans.com.au team was impeccable. I could not have asked for a better service.„

Caraman C.
13 Jun 2025

I was very impressed with loans.com.au

“I was very impressed with loans.com.au pragmatic credit policies and the excellent service I received from Emira and Trina in applying for and settling my car loan. They also have 2 very user friendly apps to help with the process. Very easy to deal with, I would definitely recommend them to anybody wanting a stress free and smooth experience.„

Joe F.
12 Jun 2025

They have exceptional customer service!

“I was referred to loans.com.au and now I see why, they have exceptional customer service! I feel so fortunate to have had Rena and Trina handle my application. They were both incredibly friendly, kind, and efficient when it came to processing and approving my application. They genuinely care about helping others and made the entire process smooth and enjoyable.„

Rojina R.
12 Jun 2025

Had good experience

“Had good experience with Jasmine and Tiffany who supported me along the way from getting a pre-approval quickly, through the purchase and to the settlement. Not to mention competitive rates and borrowing power they provide.„

Gleb L.
11 Jun 2025

I am tremendously satisfied

“I am tremendously satisfied with Sonia and Harriet’s assistance with my loan applications. Loans.com was recommended by a family friend and Sonia portrayed immense knowledge and professionalism when working with me to get the best financial outcome. Sonia has exceptional expertise in her subject matter and was incredibly responsive, and together the team made sure I was able to meet my deadline without any stress. Fantastic experience – will highly recommend Sonia and her team at Loans.com!„

Ridhima G.
10 Jun 2025

Had a great experience with loans.com.au

“Had a great experience with loans.com.au. Was the best rate/lowest fees I could find and the service was faultless. I won't be going anywhere else for vehicle financing in the future.„

John M.
10 Jun 2025

If I could give 6 stars in this review I would

“In all my dealings with loans over the years, Stuart is hands down one of the best I’ve ever come across. His professionalism, responsiveness, and genuine willingness to help sets a new standard. I would absolutely recommend loans.com.au—and especially Stuart—to anyone looking for a hassle-free and professional mortgage experience. If I could give 6 stars in this review I would.„

Beau B.
10 Jun 2025

I love to deal with them directly

“I am with Loans.com.au since 2014 and I have got multiple loans from new purchases and refinance of IP to OO loans. They have been exceeding my expectation every time. I love to deal with them directly and their lending specialist and support staff are second to none compared to other banks including the big 4. Highly recommend!„

Shiva S.
07 Jun 2025

Our Google rating

4.5 561 reviews

It's fast & easy to get a loan with loans.com.au

1

Apply online

Simply fill out your 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

Speak to a specialist

You will then have a phone appointment with one of our lending specialists to finalise your application, and help you progress through the loan approval process through to settlement as quickly as possible.

3

Upload documents (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.

4

Settle

Your loan will settle, and you’ll enjoy your new loan rate.

A low rate car loan that looks just like this

Here’s your new offer

Rates
Variable Interest Rate: Comparison Rate:
Variable Car Loan - Used < 3 years old 6.89% p.a.** 8.02% p.a.*
Variable Car Loan - Used < 5 years old 6.89% p.a.** 8.02% p.a.*
Key Features Flexible loans
Approval within 24 hours
Borrow from $5,000 to $150,000
Easy online process
Access your account via Smart Money app
Repayments Frequency Weekly, monthly or fortnightly
Estimated repayments $169 per week# The weekly repayment estimate is based on a $45,000 loan over 7 years at 6.89% p.a. paying variable rate.

View car loan calculator

Fees

Application fee

 $400
Monthly fee $8
Discharge fee $0
Early termination fee $700 in the first and second years of the loan term. $500 in subsequent years of the loan term (excluding final year).

Variable
Variable Car Loan - Used < 3 years old Interest Rate: 6.89% p.a.**
Comp Rate: 8.02% p.a.*
Variable Car Loan - Used < 5 years old Interest Rate: 6.89% p.a.**
Comp Rate: 8.02% p.a.*

Flexible loans
Approval within 24 hours~
Borrow from $5,000 to $150,000
Easy online process
Access your account via Smart Money app

Frequency Weekly, monthly or fortnightly
Estimated repayments $169 per week# The weekly repayment estimate is based on a $45,000 loan over 7 years at 6.89% p.a. paying variable rate.

View car loan calculator

Application fee $400
Monthly fee $8
Discharge fee $0
Early termination fee $700 in the first and second years of the loan term. $500 in subsequent years of the loan term (excluding final year).
Apply now
2024 WeMoney - Best Electric Car loan 2023 WeMoney - Best Usesd Car Loans 2023 Wemoney - Exellent fee Car Loans Gold Award - Best Green Car loan Gold Award - Best New Car Loan
Our car loan products are recognised & awarded by the Australian financial industry

Frequently asked questions

If added to your loans.com.au car loan, a balloon payment is a one-off lump sum that you have agreed to pay us, at the end of your car loan term.

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

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

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 new car is one that is sold in its original condition, usually at a car dealership and has never had any previous owners.

In short, the process to get to settlement involves you applying, speaking to a car lending specialist, and uploading your documents. loans.com.au may then approve your loans, issue the documents and you settle, and we then pay the funds so you can collect your car.

You can save yourself a lot of time and heartache if you get pre-approval for a loan before negotiating for a 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.

Who is loans.com.au?

loans.com.au is a proudly Australian, award-winning online lender based in Brisbane. Since we were founded in 2011, we have grown to become an industry leader with thousands of happy customers in every state and territory. We are powered by the strength of Firstmac, Australia’s leading non-bank lender.

Learn more about us
Customer Picture

Andrew

Lending Specialist

Ready to talk with a real person about our low-rate car loan?

Get help from a friendly member of our Australian-based car lending team.

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Complete our quick application form to find out if you qualify.

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