Row of used cars on an Australian dealership lot
Used Car finance comparison tool

Used Car Loans Australia

Compare used car finance. We compare 50+ banks and lenders to compare eligible options for your pre-owned vehicle purchase, whether from a dealer or private seller.

Australian Credit Licence 509582. Lender fees may apply. Lender criteria apply.

Why Finance a Used Car?

Buying used is a smart financial decision. Let someone else take the depreciation hit while you enjoy a quality vehicle at a lower price.

Lower Purchase Price

Used cars cost less upfront, meaning smaller loans and lower repayments

Avoid Depreciation

New cars often lose value fastest early on. A used car has already taken some of that drop

More Choice

Access a wider range of makes, models, and features within your budget

Simpler Process

The same comparison, for dealer or private sale cars

Need Help Finding the Right Used Car?

Our free vehicle sourcing service helps you find quality used cars at the right price from our dealer network.

Finance for Any Used Vehicle

Whether you're buying from a dealer, private seller, or even at auction, we can help arrange competitive finance for your purchase.

Sedans & hatchbacks
SUVs & crossovers
Utes & 4WDs
Luxury vehicles
Sports cars
Commercial vehicles
Dealer purchases
Private sales
Woman inspecting a used hatchback on a sunny Australian street

Older used vehicles

Age limits vary by lender

Checked at the end of the term

How Used Car Finance Works

Here is how comparing used car finance works with Simple Loans.

1

Get Your Quote

Tell us about yourself and the car you want. Initial enquiry is a soft check only.

2

Compare Options

We'll search 50+ banks and lenders to compare eligible rates and terms for your situation.

3

Get Approved

Once you're happy with the offer, we help with the paperwork for the lender's application.

4

Drive Away

Funds are paid directly to the seller and you can collect your new car.

Used Car Loan FAQs

Common questions about financing a second-hand vehicle.

How old can a used car be to get finance?

Most lenders cap vehicle age at 15-20 years old at the end of the loan term (EOT). Some specialist lenders don't have an EOT restriction at all, depending on the vehicle's condition and value.

Can I get used car finance for a private sale?

Yes! We can arrange finance for private sales as well as dealer purchases. Private sales often require additional checks like a PPSR search and independent valuation.

Do I need a deposit for a used car loan?

Many lenders require a 10-20% deposit, but we have options for low deposit or no deposit used car loans depending on your circumstances.

Compare 50+ Used Car Lenders

We compare eligible options across Australia's vehicle finance providers and explain the trade-offs.

Pepper MoneyPlentiWisrFirstmacMoney3Finance OneNow FinanceLibertyLatitudeMacquarieANZWestpacNABCBA+ 36 more lenders