What are the pros and cons of buying a used car?
Before you sign on the dotted line at the car dealership, make sure you’ve weighed up the pros and cons of buying new or used.
$5k to $100k
monthly over 5 years
Missed Payment Penalty
Redraw Activation Fee
Secured By Vehicle
Early Exit Penalty Fee
Available to 457 Visa Holders
$5k - $100k
Early exit penalty fee waived in the last 12 months of loan term
Find out if your car is on loans.com.au approved list of green cars. Your car is likely to qualify if it is a new car, is more fuel efficient than average for a car of its size, or is a hybrid vehicle.
Loans.com.au provides car loans for vehicles bought privately, through a dealership or an auction. Car loan applications are approved within 24 hours. Loan terms are either three, four or five years. Borrowers can choose to reduce their regular repayments by paying a one-off lump sum at the end of the loan. This ‘balloon payment’ typically totals 20-50 per cent of the loan value. Loans.com.au also offers home loans. It is an online-only non-bank lender, and is known for consistently offering interest rates that are below the market average.