loans.com.au
Finder makes money from featured partners, but editorial opinions are our own.

loans.com.au Used Car Loan

Get the funds for a used car.

No reviews yet. Write a review
{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"AUFCL_COMPARISON_V2_TABLE","nicheCode":"AUFCL","fields":[{"name":"LOAN_AMOUNT","value":"20000","options":"","label":"Loan amount","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"3","options":"","label":"Loan term","suffix":"years","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""}]}
1 - 1 of 1
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
loans.com.au - Variable Rate Used Car < 5 years
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.74%
to 7.74%
Comp. Rate (p.a.)
8.85%
to 8.99%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$644.82
Go to siteMore Info
loading
Showing 1 of 1 results

Main points to consider with the loans.com.au - Used Car Loan

The loans.com.au - Used Car Loan lets you borrow up to $150,000 for a used car. You have the option of either a fixed or variable interest rate for the vehicle you are financing. Here is a break down of the rates:

  • Variable rate used car loan for a vehicle up to 3 years old you'll receive a variable interest rate from 7.74% p.a. with a comparison rate of 8.85% p.a.
  • Variable rate used car loan for a vehicle up to 5 years old: you'll receive a variable interest rate from 7.74% p.a. with a comparison rate of 8.85% p.a.
  • Fixed rate used car loan for a vehicle less than 3 years old: you'll receive an interest rate of 7.69% p.a. and a comparison rate of 8.8% p.a.
  • Fixed rate used car loan for a vehicle is up to 5 years old: you will receive a rate of 7.79% p.a. and a comparison rate of 8.9% p.a.
  • Fixed rate used car loan for a vehicle between 6 and 7 years old: you will receive a rate of 9.09% p.a. and comparison rate of 10.2% p.a.
  • Fixed rate car loan for a vehicle 8 years or older: you'll receive a rate of 12.79% p.a. and a comparison rate of 13.9% p.a..

Features of a loans.com.au - Used Car Loan

  • Fixed and variable rate options. You can choose either the fixed or variable rate, based on what suits your needs. The fixed rates give certainty of knowing what your repayments will be but are higher than the variable rate.
  • Loan amount. You can borrow from $5,000 to $150,000. If you're looking to purchase a car cheaper than the minimum amount offered, you have the option of adding your on-road costs into the loan amount.
  • Loan term. You can choose to repay the loan over 3 years, 4 years or 7 years.
  • Used cars up to twelve years old. You can get a loan for a used car that is less than twelve years old, based on build date.

Fees and charges

  • Establishment fee. You'll pay an initial $400 establishment fee.
  • Early repayment fee. This will apply if you pay off the loan before the last 12 months of the loan term.

You won't need to pay the early repayment fee if you pay off the loan within the last 12 months of the agreed term.

How to apply for a loans.com.au - Used Car Loan

You can apply for a loans.com.au - Used Car Loan by clicking "Go to Site" above. The application process should take approximately 15 minutes to complete.

You'll need to meet the following criteria to be eligible for a loan:

  • Be over the age of 18
  • Be an Australian citizen or permanent resident
  • Have a good credit history
  • Have stable employment history

You'll also need to supply the following as part of your application:

  • Proof of identity
  • Proof of income
  • Details of your assets and liabilities

The loans.com.au - Used Car Loan lets you buy a car up to twelve years old, with quick approval. You should compare a range of used car loan options to find the one that is right for you.

More guides on Finder

  • Australian Vs. USA car prices 2017

    Aussies are paying up to 185.14% extra for vehicles compared to our American friends.

  • Car loans for classic cars

    Want to buy a classic car but don't have the ready money? There are still financing options available for classic vehicles. Find out what loans you have to choose one and which one will work best for you.

  • Quick car loans

    You don't need to wait to get car financing. Some lenders can approve you instantly and send your funds on the same day. You can also consider pre-approval. Find out all the ways to get a quick car loan in this guide.

  • Tesla buying guide

    If you're looking at purchasing a Tesla – Model S, Model X or Model 3 – this guide will show you how to choose a vehicle and make your purchase.

  • How do you sell a car under finance?

    Read the guide on how to sell an encumbered vehicle to find out the extra steps involved.

  • How Uber car loans can help you get on the road

    Need a new loan for your next Uber car? Find out what is on offer here.

  • Luxury car tax calculator Australia

    Are you in the market for a luxury car? Calculate how much tax you'll have to pay and find the answer to your luxury car tax questions.

  • Online car finance quotes

    If you’re interested in acquiring a car loan, get yourself an online car finance quote. It’s quite easy to get quotes and you can compare quotes from different lenders to ensure that you end up making the right decision.

  • Bad credit car loans Australia

    Have bad credit but still need a car? There are a range of lenders that will consider you for a loan. Find out how to apply and how you can get approved in this guide.

  • Pre-approved car loans

    Finding the right car loan shouldn't be as hard as finding the right car. Get a loan that will give you pre-approval so you can go shopping with the right amount of funds.

Ask a Question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site