LCA - FAQ - What is the process to get to settlement?

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.

LCA - FAQ - What is a maximum age of vehicle allowed?

We can finance cars up to 12 years old upon loan commencement.

LCA - FAQ - What is considered a 'used' car?

A used car, or a pre-owned, or secondhand car is one that has been previously owned by someone else.

LCA - FAQ - Can you finance a used car online?

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.

LCA - FAQ - How quickly can I get approved for a used car loan?

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.

LCA - FAQ - What is pre-approval?

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.

LCA - FAQ - Can I refinance my car loan to loans.com.au?

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.

LCA - FAQ - Is it better to buy a new or used car?

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.

LCA - FAQ - How does financing a used car work?

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!

LCA - FAQ - Can you get a balloon repayment on a used car loan?

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.

Found a used car and love it?

You’ll love our low rate car loan too!

Multi-award winning

Variable Car Loan
Used < 3 years old

7.39

p.a

Rates from**

8.52

p.a

Comparison rate*

Available for Used Cars up to 5 y/o
Redraw up to $5,000/day for variable rates
Up to 7 year loan term
Variable rate adjusts with interest rate changes
Get Preapproved to confidently secure your car financing

Apply Now

Our Google Rating

4.5

463 reviews

Why choose an award winning low-rate car loan?

Approval within 24 hours^~

Apply online and if you qualify, you’ll know your budget to find your new car.

From 3 to 7 year loan term⁺

Enjoy the flexibility of 3 to 7 years loan term, and you decide if you pay weekly, fortnightly or monthly.

$5,000 to $150,000

We offer car loans from as little as $5,000 to get you on the road in the right car for you.

Fixed or variable

Choose either a low rate variable loan and redraw up to $5,000 per day, or a low rate fixed loan.

A low rate car loan that looks just like this

Here’s your new offer

Rates

Variable	Interest Rate:	Comparison Rate:
Variable Car Loan - Used < 3 years old	7.39% p.a.**	8.52% p.a.*
Variable Car Loan - Used < 5 years old	7.39% p.a.**	8.52% p.a.*

Fixed	Interest Rate:	Comparison Rate:
Fixed Car Loan - Used < 3 years old	7.59% p.a.**	8.72% p.a.*
Fixed Car Loan - Used < 5 years old	7.69% p.a.**	8.82% p.a.*
Fixed Car Loan - Used < 6-7 years old	8.99% p.a.**	10.12% p.a.*
Fixed Car Loan - Used < 8+ years old	12.69% p.a.**	13.80% p.a.*

Key Features	Flexible loans
	Approval within 24 hours
	Borrow from $5,000 to $150,000
	Easy online process
	Access your account via Smart Money app

Repayments	Frequency	Weekly, monthly or fortnightly
	Estimated repayments	$172 per week^# The weekly repayment estimate is based on a $45,000 loan over 7 years at 7.39% p.a. paying variable rate. View car loan calculator

Fees	Application fee	$400
	Monthly fee	$8
	Discharge fee	$0
	Early termination fee	$700 in the first and second years of the loan term. $500 in subsequent years of the loan term (excluding final year).

Rates

Variable

Variable Car Loan - Used < 3 years old	Interest Rate: 7.39% p.a.**
	Comp Rate: 8.52% p.a.*

Variable Car Loan - Used < 5 years old	Interest Rate: 7.39% p.a.**
	Comp Rate: 8.52% p.a.*

Fixed

Fixed Car Loan - Used < 3 years old	Interest Rate: 7.59% p.a.**
	Comp Rate: 8.72% p.a.*

>Fixed Car Loan - Used < 5 years old	Interest Rate: 7.69% p.a.**
	Comp Rate: 8.82% p.a.*

Fixed Car Loan - Used < 6-7 years old	Interest Rate: 8.99% p.a.**
	Comp Rate: 10.12% p.a.*

Fixed Car Loan - Used < 8+ years old	Interest Rate: 12.69% p.a.**
	Comp Rate: 13.80% p.a.*

Key features

Flexible loans
Approval within 24 hours~
Borrow from $5,000 to $150,000
Easy online process
Access your account via Smart Money app

Repayments

Frequency	Weekly, monthly or fortnightly
Estimated repayments	$172 per week^# The weekly repayment estimate is based on a $45,000 loan over 7 years at 7.39% p.a. paying variable rate. View car loan calculator

Fees

Application fee	$400
Monthly fee	$8
Discharge fee	$0
Early termination fee	$700 in the first and second years of the loan term. $500 in subsequent years of the loan term (excluding final year).

Apply now

View Product Brochure

Our car loan products are recognised & awarded by the Australian financial industry

Low rate car loan eligibility

Apply now

“I was updated along the track and it all turned out perfectly. I would certainly recommend loans.com.au to other car buyers.”

Sienna

Car loan customer

Join our other customers

Happy with their services and professionalism

“Brent and Tiffany have worked so hard in difficult time pressured circumstances and I am so happy with their services and professionalism. they have been respectful and empathetic with a crazy madwoman going through a settlement process and Tiffany finished the process with flying colors and success all round.„

Big M.

10 Dec 2024

Supportive, explicit and smooth

“Charlie from loans.com.au was incredibly helpful throughout the process of refinancing my home loan. In fact, I cannot fault any of the team members who I engaged with. Every interaction was supportive, explicit and smooth. The process was faster than I expected, and I am really happy with their competitive rates. I will be recommending this company to others!!„

Roxanne P.

09 Dec 2024

Fast and easy

“Jasmin was very professional and easy to deal with. She gave us confidence from day 1 and was very helpful and met everything that we could have hoped for in a broker. I would recommend Loans.com.au to anyone who is wanting finance. Everything was fast and easy. love their work„

Madilaine S.

03 Dec 2024

Professional

“I can highly recommend Sharon from Loans.com.au for her professionalism with our loan. Sharon was a delight to deal with.„

D&M W.

02 Dec 2024

Highly recommend!

“"I had a great experience working with Loans.com.au. Stuart was pleasant, friendly, and easy to deal with from start to finish. His clear communication made everything simple to understand, and he took the time to explain each step and the process involved. At loans.com.au calls were always answered quickly and they have an excellent call back service. Stuart, Phil, and the Support Team were all highly knowledgeable, and I felt confident throughout the whole process. Highly recommend!"„

Daniel O.

26 Nov 2024

Simple, straightforward and guided

“Just refinanced our home loan with these guys - simple, straightforward and guided every step of the way. You have a dedicated point of contact throughout, which make things easy. Thanks to Jasime for taking care of us and getting us the best deal!„

A R.

25 Nov 2024

Super grateful to the team

“Super grateful to Emira and the team. Great, timely feedback mechanisms with clear guidance on processes. They went all out to support us throughout the application - much appreciated!„

Shane M.

11 Nov 2024

5 Star rating!

“Highly recommended using them to my friends and family and to all reading the reviews. To all the team outstanding and thankyou for your help.„

Lee P.

28 Oct 2024

Very helpful to solve my problems

“I am very happy with the simple products that loans.com.au. Sharon was the lending manager who assisted me through the application. Sharon was very helpful to solve my problems and get the loan approved.„

Alan X.

15 Oct 2024

Quick and painless experience

“Really quick and painless experience getting a loan approved for my new car. Matt was great, professional demeanor, friendly and eager to help.„

Commander C.

15 Oct 2024

I felt understood and valued

“Ai Chi Hinh is an outstanding professional who genuinely cares for her clients. Her ability to listen and her problem-solving skills are truly commendable. I am grateful for her support and expertise during a challenging time.„

Heather E.

10 Oct 2024

Could not recommend them enough

“Kimberley was wonderful, very informative, and patient. Communication was on point and all-around professional and friendly throughout the process.„

Jillian G.

14 Sep 2024

Our Google rating

4.5 463 reviews

As seen on...

It's fast & easy to get a loan with loans.com.au

Apply online

Simply fill out your loan application online by entering some of your details, or chat to one of our friendly lending specialists over the phone and they can complete your application for you.

Speak to a specialist

You will then have a phone appointment with one of our lending specialists to finalise your application, and help you progress through the loan approval process through to settlement as quickly as possible.

Upload documents (OnTrack)

After your application is complete, use our system we call onTrack on your desktop or device to add your documentation such as payslips and bank statements, and track the progress of your application.

Settle

Your loan will settle and you'll start enjoying the benefits of your low-rate car loan!

Apply Online

How it works

Konnie

Lending Specialist

Ready to talk with a real person about our low-rate car loan?

Get help from a friendly member of our Australian-based car lending team.

Smart friends

Real Good Rewards

As a loans.com.au customer, if you refer a new customer to us we’ll reward you.

$1,000 New Home Loan Customer

$250 New Car Loan Customer

View offer

A guide to car loans

If you are looking at car finance to purchase your next car and have lots of questions, our guide contains our loan process, what documents you'll need, preapproval, tips and more.

We're help to help you when you may need us.

View Brochure

Ready to get the keys to your new car?

Complete our quick application form to find out if you qualify.

Apply now

Found a used car and love it?

Variable Car LoanUsed < 3 years old

Why choose an award winning low-rate car loan?

Work out your car loan repayments

Your loan details

Variable Car Loan - Used < 3 years old

A low rate car loan that looks just like this

Here’s your new offer

Variable

Fixed

Low rate car loan eligibility

“I was updated along the track and it all turned out perfectly. I would certainly recommend loans.com.au to other car buyers.”

Join our other customers

Our Google rating

As seen on...

It's fast & easy to get a loan with loans.com.au

onTrack

Used Car Loan FAQs

What is the process to get to settlement?

What is a maximum age of vehicle allowed?

What is considered a 'used' car?

Can you finance a used car online?

How quickly can I get approved for a used car loan?

What is pre-approval?

Can I refinance my car loan to loans.com.au?

Is it better to buy a new or used car?

How does financing a used car work?

Can you get a balloon repayment on a used car loan?

Ready to talk with a real person about our low-rate car loan?

Smart friends

Real Good Rewards

A guide to car loans

Ready to get the keys to your new car?

Used Car Loan articles

How to buy a car from a private seller

How to buy a car from a private seller

Guide to Buying a Used Car

What happens if you trade in a car under finance?

Should you buy a used electric car?

Know these Red Flags Before Buying Used Cars in Australia

5 tips that will help you sell your car sooner

What should I know about trading in my car?

Should you trade in your old car when buying a new one?

How to maximise your car's resale value

5 signs its time to trade in your car

Welcome to loans.com.au _

Variable Car Loan
Used < 3 years old