Used Car Loans & finance Solutions

Used car loans are financing solutions designed to help individuals purchase a used vehicle by spreading the cost over time instead of paying the full amount upfront. These loans provide competitive interest rates and flexible repayment options, making it easier to afford a used car that suits your budget. Australian Equipment Finance offers fast approval, allowing you to secure financing quickly and drive away with a used vehicle that meets your needs.

Applying for a used car loan with Australian Equipment Finance is simple and straightforward. Complete our online application form with details about your income, the vehicle you wish to purchase, and your financial history. After submission, our team will review your application and provide approval within 24 hours. Once approved, you can complete your purchase from a dealership or private seller, ensuring a seamless and efficient buying process.

Yes, Australian Equipment Finance offers used car loans that can be used for both dealership purchases and private sales. If you're buying from a private seller, our loan process allows you to finance the vehicle securely and efficiently, ensuring that you have access to the funds necessary to complete the transaction. This flexibility gives you the freedom to shop for the best deals on the used car that suits your needs.

Yes, it is possible to get a used car loan even if you have less-than-perfect credit. While having a better credit score can help you secure more favourable interest rates, Australian Equipment Finance works with individuals from various financial backgrounds to find a loan solution that fits their situation. We assess each application individually and offer flexible options to help you secure the financing you need, even if your credit history isn’t ideal.

Buying a used car with a loan provides several key benefits:

• Affordability: Used cars are generally more affordable than new cars, and financing options make it even easier to purchase without a large upfront payment.
• Lower Depreciation: Used cars have already gone through the bulk of their depreciation, meaning you retain more of the car's value over time.
• Flexible Financing: With a used car loan, you can spread out the cost over several months or years, making it easier to budget and manage monthly payments.
• Wide Selection: Financing a used car gives you access to a broad range of vehicles, from economy cars to premium models, all at more affordable prices than new vehicles.

Yes, Australian Equipment Finance offers flexible used car loans that can cover more than just the cost of the vehicle. You can include additional expenses such as registration, insurance, and even extended warranties in the total loan amount. This allows you to consolidate all the costs of owning a used car into one manageable payment, making it easier to budget and plan for the future.

Australian Equipment Finance offers flexible repayment options for used car loans. You can choose a repayment term that suits your financial situation, with loan terms typically ranging from 12 to 84 months. Whether you prefer shorter repayment periods with higher monthly payments or longer terms with lower monthly payments, we customise our loan options to fit your budget while ensuring you can comfortably afford your used car.

Our approval process for used car loans is fast, with most applications approved within 24 hours. This quick turnaround ensures that you can secure the financing you need and complete your vehicle purchase without delay. Whether you're buying from a dealership or a private seller, our fast approval process allows you to drive away in your used car as soon as possible.

Yes, you can repay your used car loan early without any penalties. Australian Equipment Finance offers the flexibility to pay off your loan ahead of schedule, allowing you to save on interest and reduce your monthly financial obligations. Early repayment is a great option for those who experience improved financial circumstances and want to eliminate their debt faster.

The interest rates on used car loans vary depending on factors such as your credit score, loan amount, and repayment term. Australian Equipment Finance offers competitive interest rates designed to keep your monthly payments affordable. We provide transparent loan terms with no hidden fees, ensuring that you fully understand your financial commitment before signing the loan agreement.

Yes, Australian Equipment Finance offers loans for certified pre-owned (CPO) vehicles. CPO cars typically come with manufacturer-backed warranties and have undergone rigorous inspections, offering you additional peace of mind when purchasing a used vehicle. Our loans provide the financial flexibility to purchase these high-quality vehicles, whether from a dealership or private seller.

If you want to trade in your used car during the loan period, you can either pay off the remaining balance of your loan using the trade-in value or roll the remaining balance into a new loan for your next vehicle. Australian Equipment Finance works with you to ensure a smooth transition, whether you’re upgrading your car or moving to a different vehicle that better suits your needs.

A balloon payment is a lump sum paid at the end of the loan term. It reduces your monthly repayments throughout the loan but requires a larger payment at the end. Australian Equipment Finance offers loans with balloon payment options for those who want to lower their monthly payments and prefer the flexibility of making a larger payment at the end of the loan term. This can be particularly helpful if you expect to have additional funds available later in the loan period.

Yes, you can refinance your used car loan if you find better interest rates or more favourable loan terms. Refinancing allows you to replace your existing loan with a new one, potentially lowering your monthly payments or reducing the total interest you pay over time. Australian Equipment Finance can assist you in exploring refinancing options to ensure you continue getting the best deal for your used car loan.

Yes, Australian Equipment Finance provides loans for luxury and sports cars, whether new or used. If you’re looking for a high-end vehicle like a used luxury sedan or a sports car, our used car loans offer flexible repayment options and competitive rates to help you finance your dream car. We work with various dealerships and private sellers to ensure you can secure the vehicle you want.