Used Car finance comparison tool

Used Car Loans Australia

Get great rates on used car finance. We compare 50+ banks and lenders to find the best deal for your pre-owned vehicle purchase, whether from a dealer or private seller.

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 lose 20-30% value in year one - used cars have already depreciated

More Choice

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

Simpler Process

Many lenders offer faster approvals for used vehicle finance

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

Any used vehicle

Vehicles up to 15 to 20 years

At end of term, some lenders no limit

How Used Car Finance Works

Getting approved for used car finance is simple with Simple Loans.

1

Get Your Free 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 find the best rates and terms for your situation.

3

Get Approved

Once you're happy with the offer, we handle all the paperwork for fast approval.

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 search Australia's leading vehicle finance providers to find your best rate.

Pepper MoneyPlentiWisrFirstmacMoney3Finance OneNow FinanceLibertyLatitudeMacquarieANZWestpacNABCBA+ 36 more lenders