Matchacar car financing

Information verified correct on October 25th, 2016

Looking for a competitive rate on your next car? Find out if Matchacar can help you get finance.

If you're looking for a new or used car, Matchacar can match you with financing and help you get the car you want. There are competitive rates and flexible terms on offer, all you need to do is submit a few simple details to get started. Read the review below to find out if this is the right loan option for you.

Product NameMatchacar Financing
Interest Rate (p.a.)From 5.35% (fixed)
Comparison Rate (p.a.)6.04%
Interest Rate TypeFixed
Minimum Loan Term1 year
Maximum Loan Term7 years
Application Fee$350
Monthly Service Fee$6
Loan SecuritySecured

Things to consider about Matchacar financing

Financing is available if you're looking to purchase a new or used car in a private sale, or refinancing your existing loan. Interest rates are fixed and start at a competitive 5.35% p.a. The actual rate you're offered will depend on the lender you're approved by and the information you provide in your application. Repayment terms differ between lenders. Generally terms are between one and five years, with some lenders offering terms of up to seven. Matchacar is not a financier, it's a service that matches you with a lender that suits your needs and financial situation.

What features are offered with Matchacar car financing?

There's a few noteworthy features and benefits on offer from Matchacar, including:

  • Cars you can finance. You have the option of financing a new or used car.
  • Access to a range of lenders. Matchacar can save you time by quickly matching you to a suitable financing option for your car. No need to search through multiple lenders.
  • Loan terms. This differs depending on the lender you're matched with, but generally you'll have terms of between one and five years, although this may extend up to seven years.
  • Buying and selling service. You can also take advantage of Matchacar's car buying and selling service. It profiles potential sellers and matches them with car buyers through its online portal.
  • Flexible eligibility. As Matchacar will search through your lending options to find you a suitable lender it has flexible eligibility criteria. Read the "How you can apply" section to find out more about this.
  • Repayment frequency. You have the option of making repayments fortnightly or monthly, with some lenders also offering weekly repayments.

How you can apply

If you're ready to apply, you can click "Go to Site" to get a quote from Matchacar. Before doing so, make sure you meet the eligibility criteria:

  • You must be over the age of 18
  • Avaiable to Australian citizens, permanent residents and visa holders can apply. If you hold a visa, the time left on your visa needs to be longer than the terms of your loan
  • Your income needs to be sufficient to manage the loan repayments
  • Perfect credit history is not needed, but less-than-perfect credit will mean higher interest rates

If you meet this criteria you can apply. The initial quote simply requires your name, phone number, email and the amount you want to finance. Following this, if you are happy with the quote, you can continue with the loan process. You will need to supply additional identification, income, employment and financial information to complete the lender's processes.

Matchacar offers a competitive financing option that can help you get into your next car, but as there are other options available, it's always important to compare all options that are available to you before deciding which avenue to take.

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8 Responses to Matchacar car financing

  1. Default Gravatar
    Gaurav | June 6, 2016

    please advise more details. please contact me on XXXXXXXXXX.

    Thank you

    • Staff
      Elizabeth | June 7, 2016

      Hi Guarav,

      If you’d like someone from Matchacar to contact you you’ll need to click “Go to Site” and fill out an initial quote form.

      Hope this helps,


  2. Default Gravatar
    Brendan | May 30, 2016

    Do you offer pre-approved car loan and would lender accept appointment letter as proof of employment?

    • Staff
      Elizabeth | May 30, 2016

      Hi Brendan,

      As Matchacar acts as a broker and matches you with a lender it will depend on the lender you’re approved what details they will need. It would be best to discuss this with Matchacar when you discuss the initial quote with them. In terms of pre-approval, the initial quote form acts as a pre-approval form and Matchacar can then discuss your options with you from there.

      I hope this has helped,


  3. Default Gravatar
    Mitchell | May 5, 2016

    Do cars have to purchased via your website or can cars be purchased through dealer or private sale?

    • Staff
      Elizabeth | May 6, 2016

      Hi Mitchell,

      You are able to purchase a car on your own. The buying service is an optional extra you can access through Matchacar.

      Hope this helps,


  4. Default Gravatar
    Phil | April 19, 2016

    So do these guys allow refinancing? My car 2 years old and there is $32,000 outstanding

    • Staff
      Elizabeth | April 20, 2016

      Hi Phil,

      Matchacar currently do not offer refinancing options, only buying new cars. You can find out more about car refinancing on this page.

      UPDATE: Matchacar now offers refinancing.

      Hope this helps,


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