Used car loans

Found a good used vehicle and need a loan? We've compared a range of used car loans.

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We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder.

Need to buy a used car but don't have enough cash? You might want to consider getting a used car loan. This guide will help you understand everything you need to know about buying a second-hand car with used car finance.

In this guide, you'll learn:

  • How to compare the best used car loans
  • What to look for in a used car loan
  • How to understand the used car loan application process, the lingo and costs
  • Expert money-saving tips for your used car purchase, private or from a dealer - New and Dealer Used Car Loan - New and Dealer Used Car Loan


4.67 % p.a.

fixed rate


5.22 % p.a.

comparison rate

  • Early payout available
  • No monthly ongoing fee
  • Borrow up to $100,000
Security Logo

100% confidential application - New and Dealer Used Car Loan

A competitive fixed rate to purchase a car up to four years old. Option to add on-road costs into loan amount.

  • Interest rate: 4.67% p.a.
  • Comparison rate: 5.22% p.a.
  • Interest rate type: Fixed
  • Application fee: $400
  • Minimum loan amount: $5,000
  • Maximum loan amount: $100,000
Go to site

Compare used car loans available in Australia

Data indicated here is updated regularly
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment - New and Dealer Used Car Loan
From 4.67% (fixed)
3 to 5 years
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Note: Settle the loan before 30 November 2020 and enter the draw to win a $1,000 fuel voucher. Terms & conditions apply.
IMB New Car Loan
4.99% (fixed)
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Stratton Finance New Car Loan
From 4.05% (fixed)
3 to 7 years
You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Credit Concierge Car Loan
From 4.45% (fixed)
1 to 7 years
You'll receive a fixed rate of 4.45% p.a. with a comparison rate of 5.29% p.a.
Get access to over 20 providers to fund a new or used car.

CUA Secured Fixed Car Loan
6.79% (fixed)
1 to 7 years
$265 ($175 Establishment Fee + $90 Security Administration Fee)
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
NAB Personal Loan Unsecured Fixed
From 9.99% (fixed)
1 to 7 years
You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
Symple Loans Personal Loan
From 5.75% (variable)
1 to 7 years
from 0% to 5% of the loan amount
You'll receive a personalised interest rate from 5.75% p.a. to 21.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
Plenti Car Loan
From 4.89% (fixed)
3 to 7 years
from $249 to $799
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Driva Car Loan
From 4.34% (fixed)
1 to 7 years
$295 (Varies by lender, starting from $295)
You'll receive a fixed rate from 4.34% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.

Compare up to 4 providers

What is a used car loan?

Used car loans come in two main types: secured and unsecured. With secured car loans, the vehicle you purchase is held as collateral against the finance. As a result, lenders will offer a more competitive interest rate – which can help save you money. With unsecured car loans, you have more freedom on how you spend the money and no collateral is taken.

Used cars in Australia

How do used car loans work?

A used car loan is a straightforward agreement between you and a lender.

They'll advance you up to $100,000 to put towards the purchase price of a second-hand car. You pay them back according to a pre-agreed schedule and after the final payment clears, the car is 100% yours.

Secured used car loans register a security interest with the Personal Property Securities Register. In the event you fail to meet the loan repayment schedule, they can claim possession of the car and recoup their losses. With less risk involved, the lender will give you more competitive interest rates.

Unlike new car loans, there are vehicle age requirements applied to used car loans.

With an unsecured loan, you don't need to offer your used car as security and there are less age and value conditions your car needs to meet. You're also free to spend money on related costs like rego, CTP or modifications, as well as unrelated expenses.

Lenders give you the option to pay back the loan over terms between one and seven years.

Used car finance options

What type of finance is available for purchasing a used car?

  • Secured loan. Certain vehicles, under a few years old, may qualify for this type of loan, which usually offers the most competitive interest rates.
  • Unsecured car loan. These loans have higher interest rates, but fewer restrictions attached to them.
  • Dealership finance. Car dealers will likely offer some attractive rates with their chosen finance partner. However, often these agreements are subject to hefty deposits and balloon payments, which require you to make a final payment of several thousand dollars. This way, the repayments are smaller and seem cheaper.

What age car can I buy with a used car loan?

It depends on the lender and the type of loan you're taking out. If it's a secured car loan, the finance company is looking to make sure they always have a plan B. That way, if you breach your contract or suddenly stop making repayments, the company is legally able to reclaim the car and sell it, to offset their losses.

That means, they'll require that the car being purchased is under seven years old. Generally, they tend to be looking for the car to be no older than 12 years by the end of the loan period.

Here's a table of the maximum ages of cars accepted by different loan providers.

LenderProduct nameMaximum age of carLoan amountFind out more
ANZANZ Online Secured Car Loan7 yearsFrom $7,500Details
Beyond BankBeyond Bank Low Rate Car Loan6 yearsFrom $5,000Details
Beyond BankBeyond Bank Flexi Car LoanOver 6 yearsFrom $5,000Details
CUACUA Secured Fixed Car Loan7 yearsFrom $5,000Details
IMBIMB Secured Personal Loan6 years$2,000 to $60,000Details
NRMANRMA Used Car Loan10 years$5,000 to $130,000Details
RACVRACV Used Car Loans10 yearsFrom $5,000Details
St.George BankSt.George Secured Personal Loan - Fixed Rate12 years at loan expiry$3,000 to $80,000Details
Suncorp BankSuncorp Bank Secured Car Loan7 years$5,000 to $80,000Details
WestpacWestpac Car Loan7 years$10,000 to $100,000Details

Used car loans available in Australia

  • IMB Secured Personal Loan: 6.8% p.a. comparison rate. A car loan with a competitive rate that allows you to finance a used vehicle up to 5 years old.
  • RACV Personal Loan: 7.19% p.a. comparison rate. A personal loan that allows you to finance a used vehicle up to 7 years old.
  • NRMA Used Car Loan: 7.19% p.a. comparison rate. A used car loan with no monthly fees.
  • Bank Australia Car Loan: 6.66% p.a. comparison rate. A car loan suitable for used vehicles that also offsets your carbon emissions.

Used classic car

Pros and cons of buying a used car

If you (or someone you're acquainted with) knows a bit about cars, you can save yourself tens of thousands of dollars purchasing a used vehicle Without doing your research, you could buy a lemon with premature failures, defects or dodgy repairs
With warranties lasting up to seven years, you could still buy a used car with a decent chunk of its factory warranty and roadside assistance leftTakes time browsing the Internet and picking up the phone to find a car you want to test drive
Let someone else pay for the first few years' depreciation (according to RACQ, it could be as much as $299.12 per week, worst case)Previous owner might have neglected to maintain the car or driven it hard
Less likely to encounter a salesperson using high-pressure selling strategiesCar could be out of factory warranty
No waiting for a car to be built at the factory, you can purchase a car there and thenLimited by what's currently on used car market
You could get a hybrid or electric car for a significant discountTighter financing conditions
Buying private cuts out dealer, meaning you're not paying a margin to cover their overheadsCertain vehicles might need a roadworthiness certificate or safety inspection
Used high-end models could be within your budget
Sellers expect to haggle and negotiate
Lower value can mean lower car insurance costs

How to find the perfect used car loan

Here's what you need to consider when shopping for a used car loan:

  • Interest rate. Generally speaking, you want as low an interest rate as possible. The lower this number, the more you'll save. The difference can be quite stark. Suppose you want to borrow $10,000 over 3 years to purchase a second-hand car. If you took out a loan with an interest rate of 4.5%, the loan would cost you $709 in interest. If the rate was 7%, you'd pay $1,116 in interest, a difference of $407. Due to the potential risk of a used car failing prematurely, interest rates will likely be higher for a second-hand car.
  • Payment flexibility. It's always nice if a loan fits in with your budget. If you get paid weekly, you'll no doubt prefer a used car loan lender that offers weekly repayment schedules. If you're paid monthly, you're probably more used to making larger payments, 12 times a year.
  • Loan term. The longer you borrow the money over, the more potential risk and the more you'll spend in interest. On the flip side, the repayments will be smaller, as the cost is spread across a longer period. For example, a used car loan with an interest rate of 4.5% over 3 years costs $709 in interest, with monthly repayments of $297. Over 5 years, the monthly payments are just $186, but the amount paid in interest jumps to $1,186, or a $477 difference. Deciding on how long to take out your used car loan comes down to balancing affordability and expenses.
  • Charges and fees. Many loans require application fees, which can vary from $200 to $800. Other loans may charge a service fee, which could be as much as $10. As a result, you need to factor in these costs. A loan with a $10 monthly service fee, over 3 years will cost you $360. However, if the loan has a low application charge, it could still work out as the most cost-effective solution for you.
  • Vehicle criteria. This seems obvious, but you'll want to pick a lender that's prepared to offer you a used car loan for the age and model of vehicle you're looking at.
  • Pre-approval. This is a big one if you're buying a used car. Conditional pre-approval means you know how big a loan you can get. This puts you in a great place when haggling.
  • Early payment fees. It's nice to have options like the ability to pay back your used car loan early, without termination fee penalties (for example, if you traded your old car in for another and want to clear the outstanding balance, or you come into some money).
  • Other features. A redraw facility, where you can claim back any money you've overpaid, might be useful.

Watch: Should you get a loan for a used car?

Used car buying money-saving tips

As well as shopping around for a great used car loan deal, you can save yourself even more money with these tips.

Consider less popular brands and models

The bestselling new cars will almost certainly become popular used car models. As a result, sellers can set their prices accordingly. Rather than getting fixated on one brand or model and trim, be open to rival models. You'll benefit in several ways. First, car manufacturers that are trying to compete with a sought-after and established marque might introduce longer warranties, better standard specifications and even drop prices. You could swoop in and take advantage of this by purchasing the rival brand on the used car market.

To save money, buy privately

Used car dealers are a middle party. Yes, they might offer attractive things like short-term warranties, but in reality, they can add a couple of grand onto a car's sticker price to cover their costs.

If you have a car enthusiast friend or family member, take them along to a private sale and you could end up with a much cheaper used car. If you don't know a car expert, consider paying for a pre-purchase inspection, which can help you avoid buying a lemon.


Some people hate haggling, it makes them cringe. Most second-hand car dealers and private sellers will expect you to at least try. Some may even mark their car up a little, with the expectation that buyers will try to knock them down. Remember, this is a business transaction, so stay friendly and emotionally detached from the car.

Haggling doesn't have to become a verbal slanging match. You can be polite and negotiate – sometimes even being a bit cheeky might get you some money slashed off the deal. If you smile while you're doing it, that goes a long way. A common technique for bartering is to simply point out things you're not happy with, for example the tyres are heavily worn and need replacing, the windscreen is scratched or there are stone chips in the paint. If you are sincere and genuine, a lot of sellers will relent and meet you halfway. Spend some time researching the car model; find out if it needs any major scheduled work soon like timing chain/belt replacements or complete fluid renewals.

Phrase things in a positive way. Instead of saying "I want some money off", try asking "How much money are you willing to knock off?".

Equip yourself to haggle like a pro by looking up the market values of the car you're viewing. This can be done on sites like That should help you cut through the chancers who are trying to flip a car by buying it, giving it a valet and selling it on.

Never, ever let the seller know your budget. Also, remember that a lot of private sellers need to sell their car. They might have bought a new one and are currently paying for two vehicles!

If you're buying from a used car dealer, it helps to know the prices of similar or exact models on sale by their competitors. Then you can say "Company X is doing this car for this amount, can you match it?" Some people suggest even printing out the sales listing to show them.

The most powerful negotiation technique is always being prepared to walk away. Sometimes, you'll get a call later and suddenly the seller can meet your offer. If something's not right about the car or the seller, cut your losses and move onto the next prospective used car.

Above everything else, stay calm and never rush into things!

Consider a previous generation model

If the car you're after has recently received a facelift or been replaced with an updated model, the previous generation might drop in value. That means you can cash in by purchasing the older car.

Step down a trim level or two

It's tempting to want every creature comfort on offer in a used car, but if you're willing to step down a trim grade or two, you can save hundreds, if not thousands of dollars.

Be flexible on the odometer

You might see a used car that's covered thousands of kilometres more than a similarly aged vehicle. Don't discount the higher mileage model outright, because modern engines work better when up to full operating temperatures.

Around town driving, with short intermittent runs, the car doesn't always get up to temp. Plus, those urban roads are covered in potholes that really hammer the car's suspension and bushes.

If a car has covered 20,000km, but this was all around town, while another has done 50,000km (with a lot of motorway driving and excellent maintenance), then the higher clock reading car should be cheaper and potentially be in just as good (if not better) mechanical condition.

Which used car should I buy?

There are hundreds of different models on the used car market, so you might find things overwhelming.

Here's how to narrow the decision down.

Body style

The first and most important decision is, what kind of vehicle are you looking for? Each have their own merits and downsides.

Car body typeProsCons
Light car body type
Light car
  • Great for new and young drivers
  • Easy to handle and park
  • Ideal for cities and towns
  • Extremely economical
  • Limited rear passenger space
  • Small boots
  • Small engines have to work hard on motorways
Small car body type
Small car
  • Great for new and young drivers
  • Still easy to park and drive
  • Decent in towns and metro areas
  • Very economical
  • Hot hatch versions available
  • Hybrids and electrics available
  • Practical boot size for everyday living
  • Sedan or hatch variants on offer
  • Some luxury models on offer
  • Some models have cramped second row of seats
  • Boot might not be big enough for family trips
Picture not described
Medium car
  • Offers a great all-round practicality
  • Decent size for families of four
  • Luxury models on offer
  • Electric and hybrid models available
  • Should be comfortable for four adults, five at a push
  • Wagon models have impressive boots
  • Less economical than smaller vehicles
  • Not great for large families
Large car body type
Large car
  • Plenty of room for up to five adults
  • Many luxury models available
  • Practical size for carrying, especially as a wagon
  • Optimum comfort for long-distance driving
  • Less economical
  • Market dominated by higher-end models
  • Cumbersome around town
Sports car body type
Sports car
  • Fun weekend toy, with the option for daily driving for a couple
  • Soft-tops available
  • Fast and exciting
  • Prestigious brands
  • Thrilling looks
  • Boots vary widely but aren't typically generous
  • Seating for four is usually a big ask
  • Can be low to ground, not great over speed humps
  • Firm suspension can be jarring
Small SUV body type
Small SUV
  • Extremely popular, with plenty of choices
  • Some hybrid models and a few electrics
  • Practical all-rounders
  • Higher up seating position
  • Proportions can mean more interior room
  • Economy has improved over the years
  • Easier to get in than lower cars
  • Still usable around the city
  • Not as much room as larger models
  • Fuel economy might not be as good as a smaller car
  • Handling might not be as sorted as cars
Medium SUV body type
Medium SUV
  • Great all-rounder
  • Electric and hybrids available
  • Reasonable for towing
  • Seven seater models available
  • Good for families
  • Prestige models available
  • Third row seats could be short on space
  • Less economical
  • Larger body might be more clunky in town
Picture not described
Large SUV
  • Electric models and hybrids available
  • Good for towing trailers
  • Some off-road capable models
  • Larger interiors
  • Seating for up to eight
  • Luxury models available
  • Lots of passenger comforts
  • Some rugged, ute-based models
  • Large boots
  • Less economical
  • Cumbersome size for multi-storey and tight car parks
People mover body type
People mover
  • Seats for up to nine
  • Sliding doors on some models make entry and exiting easier
  • Higher up seating position
  • Doubles up as a van
  • Highly practical
  • Large, van-like proportions not great for street parking
  • Smaller used market
Ute body
  • Large payloads
  • Great for business
  • Hard-wearing
  • Off-road capability
  • High towing capacity
  • Seats up to five
  • Premium interior models available
  • High seating position
  • Practical
  • Beefy engine and boxy shape not great for fuel economy
  • Cargo space needs securing
  • Restricted interior storage
  • Higher maintenance requirements
Van body
  • Large, covered cargo space
  • Decent payloads
  • Solid towing capacity
  • Ideal for tradies
  • Crew cabs available with five seats
  • Can be converted into a temporary or permanent camper
  • Lots of bodywork for advertising
  • Panel van has limited visibility
  • Economy not amazing, but not as bad as a full-size truck
  • Often have workhorse spec interiors

Petrol, diesel, hybrid or electric?

Once you've nailed down the type of car you're considering, you need to think about what kind of fuel source you're looking for.

Petrol cars are plentiful, they're becoming more efficient and petrol is cheaper to buy at the pump. Petrol cars are ideal for those who live in towns and cities, where the diesel engine is not able to perform high operating temperature pollution-filter cleaning processes.

Diesel cars are more fuel-efficient overall, with generally higher levels of torque which make them hard-working. Sports and performance cars tend to be petrol-powered, and you have to (or just feel the need to) rev the engine hard, making for a sporty exhaust howl and exhilarating ride.

If you've never driven a diesel, you should at least try one. Many motorists say they'll never go back to petrol.

Hybrid models typically have a petrol engine, with an on-board system that either recoups lost energy or powers the vehicle over limited distances using electric motors.

Electric models are entirely powered by motors and batteries. The range of the cars is increasing at an astounding rate thanks to leaps in technology. You can charge an electric at public charging stations or at home using a standard plug. Electric cars are impressively torquey, making them great fun to zip around in.

Brand, warranty and features

Once you've nailed down the body and fuel type you want, you can start to think about the brands you like the look of. Many buyers make their decision based on how a car looks, which is important, but you should also ensure the vehicle has a decent warranty and features you like.


This is a big one – the reliability of a car is hugely important. As you're buying a used model, you can do a deep dive online and find out all the common problems a prospective model suffers. There will also be user reviews and readability studies/surveys available, so you can make an educated choice.

Used car loans frequently asked questions

Should I buy a car that's under finance?

We've written an entire guide covering the topic of whether to buy a car under finance (known as an encumbered car). Though there's nothing wrong with buying a second-hand car that's financed, you need to be extra cautious and make sure you do your due diligence before buying.

Are used cars safe?

You're probably familiar with the ANCAP crash testing and rating scheme in Australia. These star ratings are for new vehicles. For used cars, you'll want to refer to the Used Car Safety Ratings, or USCRs. These are published over at Bear in mind that the condition of the vehicle's bodywork and mechanical components plays a big part in its crash safety. Also, the level of corrosion is a key factor. Don't forget to check for any outstanding recalls on the vehicle make, model and build year.

How do I inspect a used car?

In short, very closely. Don't take the seller's word as gospel. Prove to yourself the car is in sound condition and working order. To help, we've created a used car buying guide checklist.

Are used cars reliable?

It depends not only on the model, but also on how well it's been maintained and how hard the car has been driven. One unique thing about buying a used car is that time has passed since the launch and a lot of the common mechanical faults have been discovered. You can check for these online and also read verified owner reviews.

I've previously declared bankruptcy; can I get a used car loan?

Some lenders are open to considering a person who has previously petitioned for bankruptcy. Check out our loans for bankrupts guide.

I'm a student and want a used car loan

If you need to buy a car and you're a student, see if you're eligible by visiting our student car loans page.

I'm self-employed and want to purchase a used vehicle

If you need to buy a car or commercial vehicle for your business, you'll want to check out low-doc car loans and business vehicle finance.

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

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Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.89% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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40 Responses

  1. Default Gravatar
    steveSeptember 28, 2018

    I am looking to secure a $50,000 car loan. I have been told that you can pay off lump sums without penalties with some finance companies, but I am a little skeptical of this. Please clarify.



    • Avatarfinder Customer Care
      JeniOctober 1, 2018Staff

      Hi Steve,

      Thank you for getting in touch with finder.

      Repaying a car loan early without penalty is another common feature of variable rate car loans, however it is still best to check if you are able to make extra or lump sum repayments as well as if an early prepayment or early termination fee applies.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


  2. Default Gravatar
    JadeMarch 30, 2018

    I’m currently bankrupt and have gained casual employment and need a car am I able to apply for a loan somehow

    • Default Gravatar
      JoelMarch 30, 2018

      Hi Jade,

      Thanks for leaving a question on finder.

      You can get a loan if you are a discharged bankrupt or even if you are currently bankrupt. You will be more limited in terms of the lenders you have to choose from, and the fees and rates will also be higher on bankrupt loans. You may also be required to attach an asset as security or apply with a guarantor. Find out about your loan options HERE and see what you might be eligible for.


  3. Default Gravatar
    jj93February 7, 2018

    I am a PhD student and am struggling to find a car loan as most places aren’t accepting of the scholarship as a wage – is there any places I should try applying for?

    • Avatarfinder Customer Care
      MayMarch 1, 2018Staff

      Hi jj93,

      Thanks for your inquiry.

      When getting a car loan and you’re a student, it be work doing your home work on which lender would accept your form of income whether it be from casual work, permanent part-time work or Centrelink payments. Not sure though for scholarship wages. Also when getting a student car loan, you may need to have a guarantor or co-borrower who can take on the legal and financial responsibility for the debt incurred with your car loan if you default or fail to make the repayments.

      While we can’t recommend a specific lender to you and are not sure of your approval, you may like to check the guide on student car loans on this page.


  4. Default Gravatar
    MichaelFebruary 7, 2018

    Hi Im looking at purchasing a 1986 Van for work, I have owned and operated a company since 2012.

    What is my most affordable options

    • Default Gravatar
      Ash MunozFebruary 17, 2018

      Hi Michael,

      Thank you for reaching out to us.

      If you are looking for a used Van, you may refer to the above list of lenders that offer used car loans. If you’ve chosen a brand and you think you are eligible, please click on the ‘Go to site’ button to be redirected to the lender’s official site and apply from there. Otherwise, some other car loans you may consider and compare are on these pages:

      “Best Car Loans”
      New Car Loans
      Car Loans
      Low-Interest Car Loans

      I would suggest that you review the features and details of the loan and the eligibility requirements and consider whether the loan is right for you. You can also contact the lender to discuss your options.

      I hope this helps.

      Please do not hesitate to reach out to us again if you have additional questions.


  5. Default Gravatar
    nurse31August 2, 2017

    i want to borrow enough to paid off my existing car loan and buy two more cars one for me and one for my fiance . The two of us will be making the repayments

    • Avatarfinder Customer Care
      DeeAugust 3, 2017Staff

      Hi there,

      Thanks for your question.

      If you are looking to borrow jointly to pay for your existing car loan and to have extra money, you may compare joint account personal loans here.


  6. Default Gravatar
    PiousMay 2, 2017


    i would like to buy a used car and my budget is two lakhs.
    so please advise me about the loan and how much i can get and what will be the interest.

    Anticipating your replay,

    • Avatarfinder Customer Care
      DeeMay 2, 2017Staff

      HI Pious,

      Thanks for your question.

      Unfortunately, the loan products we have listed on our page are only available to Australian residents.

      You may have to directly contact a local lender for your borrowing needs.


  7. Default Gravatar
    PatriciaMarch 26, 2017

    Can a 457 visa holder who just arrived in Australia get a second hand car financing? If yes, what should be the requirements?

    • Avatarfinder Customer Care
      MayMarch 27, 2017Staff

      Hi Patricia,

      Thank you for your inquiry.

      On this page, you would find our guide on getting a personal loan if you are on a visa. Please review the criteria, details of the loan product and contact the lender directly to discuss your loan options and eligibility.


  8. Default Gravatar
    DraganFebruary 6, 2017

    Any recommendations for a car load for some on centrelink benefits? Credit rating is good and there are no defaults or similar. Never been bankrupt or anything like that

    • Avatarfinder Customer Care
      DeeFebruary 6, 2017Staff

      Hi Dragan,

      Thanks for your question.

      Kindly note that we are a financial comparison and information website and we are unable to recommend specific products or services to our users.

      In the page above, you can take advantage of the loan calculator to see which loan product can give you low monthly repayments. Before clicking the ‘go to site’ button to submit an application, be sure to read the eligibility criteria and requirements needed by clicking the name of the loan on the table.


  9. Default Gravatar
    TeresaAugust 18, 2016

    Hi my name is Teresa I’m trying to get another car or ford wheels I’m on a pension I have now $700 put away for a car can anyone help me

    • Avatarfinder Customer Care
      ElizabethAugust 18, 2016Staff

      Hi Teresa,

      You can find a full list of loans available to those on the pension on this page.

      I hope this will help,


  10. Default Gravatar
    RodrigoAugust 10, 2016


    Currently I have on going loan with Macquarie finance and interest rate is around 12% p.a with 3 years remaining. Balance amount is $26k.
    My monthly payment is $780.
    I want to change for lower interest so I’m planning to refinance. To do that I was asked to pay a cancellation fee.
    Would you know what is the average penalty fee in the market for comparison?

    • Avatarfinder Customer Care
      ElizabethAugust 10, 2016Staff

      Hi Rodrigo,

      You can check a list of early repayment fees for lenders on this page.

      Hope this helps,


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