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.