CarStart Finance Car Loans

Take advantage of a no-deposit car loan from CarStart Finance and get on the road hassle-free.

CarStart is a financial services business that helps Australians buy the cars they need. It specialises in sourcing quality, reliable secondhand vehicles and providing loans to help customers buy one. The maximum loan amount you can apply for is $30,000, and you have to use it to purchase a car from the range of used vehicles CarStart has to offer.

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From 29.99% (variable)

Interest Rate (p.a.)

32.84%

Comparison Rate (p.a.)

$30,000

Max Loan Amount

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Details

Product NameCarStart Finance Car Loans
Interest Rate (p.a.)From 29.99% (variable)
Comparison Rate (p.a.)32.84%
Interest Rate TypeVariable
Min Loan Amount$10,000
Max Loan Amount$30,000

Main points to consider with a CarStart Car Loan

The interest rate for this car loan depends on whether or not you are able to put forward an old car as security. If you can, the rate is currently 29.99%. If you can't offer security, there is an unsecured option available, for which the rate varies.

If you are unsure about the amount you want to spend, and the kind of vehicle you are looking for, CarStart will work with you to find one that meets your needs and is within your budget.

Loan amounts start from $10,000 and go up to $30,000, and are for a 3 to 4 years period.

Features of the CarStart car loan

Some of the features you can take advantage of with this loan include the following:

  • Loan amounts. You are able to borrow between $10,000 and $30,000 to buy the car you are after.
  • Same day turnaround. If the car you want is in stock and meets your needs, you can pick it up and drive it away on the same day.
  • Straightforward application process. You simply need to provide your personal and income details to determine whether you are eligible for the loan. This process only takes around 10 minutes. If you have an asset, such as an old car that you want to put forward as security, you are able to do this as well.
  • Bad credit applicants considered. You can still apply for this loan even you have bad credit. In order to do so, you need an old vehicle that you own to put forward as security.
  • Flexible repayments. You can choose to make payments weekly, fortnightly or monthly, to fit in with your personal financial situation.
  • Varied loan terms. You are able to choose a loan term of between 3 to 4 years.

How much will the loan cost?

The fees and charges are outlined in full when you apply for the loan. However, an illustrative comparison rate over 48 months for a $10,000 is 29.99%. For a $15,000, you can expect to pay $552.40 per month on a 48-month term.*

*Figures correct as at July 2018

How to apply for a CarStart car loan

First of all, check that you meet the following criteria:

  • You must be over the age of 21
  • You must have a regular income
  • Be allowed to work and reside in Australia for the duration of your chosen loan term

Having a good credit rating is ideal but not a requirement. You are able to apply for this loan with bad credit by offering up an old car that you own as security.

Once you are sure you meet these criteria, simply click on "Go to Site" to begin your application. Some of the documents you will need to provide include the following:

  • A photocopy of your driver's licence or your licence number
  • At least three months worth of income statements or Centrelink income statements
  • If you are offering an old car as security, you need to provide proof of ownership

Provided you have these details on hand, the application process should take no longer than 10 minutes.

A car loan from CarStart is definitely worth considering if you're looking for a new or upgrade vehicle. Compare other car loans as well to make sure you're getting the best car loan deal for your needs.

Compare car loan providers

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
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. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,001
3 to 7 years
from $249 to $799
$0
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.
Credit Concierge Car Loan
From 3.35% (fixed)
4.41%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.35% p.a. with a comparison rate of 4.41% p.a.
Get access to over 20 providers to fund a new or used car.
RACV New Car Loans
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
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.
Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 for refinance and dealer sale ($245 for private sale)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. 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.
IMB New Car Loan
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPSR fee)
$0
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.
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
NAB Personal Loan Unsecured Fixed
From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
Heritage Bank Car Loan
4.89% (fixed)
5.53%
$5,000
1 to 7 years
$200
$5
You'll receive a fixed rate from 4.89% p.a.
Finance a new or used car up to 5 years old. Large maximum borrowing amount up to $100,000 and terms up to 7 years.
Symple Loans Personal Loan
From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
SocietyOne Car Loan
From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
NRMA Used Car Loan
From 6.24% (fixed)
6.94%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.24% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
RACV Used Car Loans
From 5.49% (fixed)
6.19%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 5.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
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Compare up to 4 providers

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 4.69% 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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