Used Car Loans
Used Car Loans
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.
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.
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.
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%
7.69%
8.85%
8.80%
$8.00
$8.00
Variable
Fixed
No
Yes
Used < 5 years
7.74%
7.79%
8.85%
8.90%
$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
Used < 5 years
Used 6-7 years
Used 8+ years
Want to see more car loan options? Compare our car loans
Want to see more car loan options? Compare our car loans
Calculate your car loan repayments.
Estimate your monthly car loan repayments with our calculator below.
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Our car loan application process
Apply online
Simply fill out your 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.
Goodbye paperwork
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.
Settle & save
Your loan will settle so you can make payment to the dealer. You'll start saving with your new low rate, and get your keys to your new dream car!
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. Firstmac has been operating successfully for over four decades and it has more than $13 billion in mortgages under management. Firstmac and loans.com.au are also Premier Sponsors of NRL team the Brisbane Broncos.
Our awards
Our Car Loans received multiple 2024 & 2023 WeMoney Winner awards, 2022 Canstar Outstanding Value awards and RateCity Gold awards, reflecting its status as one of Australia’s best value car loans.
Fast track your application
If you’re ready to drive away in the car of your dreams, we’ll get you there in a few quick and easy steps.
Get your loan from application to settlement in a matter of days and stay in control of your application with our onTrack app.