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Car Loan for Private Sale

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Find out how much your repayments and
interest rate could be with our calculator


Monthly repayment from


Example interest rate

9.20 %

Comparison rate*

10.58 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The interest rate for this product is variable and subject to change. Any calculations made by you using this calculator is intended as a guide only.

Car Loan for Private Sale

If you’re looking to pursue a car loan for private sale, there’s no need to waste time driving down to your local bank or car finance companies because MONEYME is here to help with our range of private car loans. Get the money you need to fund any type of vehicle and take advantage of the benefits we have to offer, from lightning-fast approvals on your private sale car finance to our fair and responsible bad credit car loans!

While there are several different auto financing options and brokers available, most of them have extra clauses and costs that can inflate your private car finance costs. MONEYME stands out from the rest with our competitive interest rates combined with minimal fees, allowing you to stick to your budget and receive a reasonable means of buying a car with a loan!

Join our community of tech-savvy borrowers looking for a responsible and fast way to get the funding you need to cover any car-related expense. Not only do we offer a used car personal loan, but we also have options for car repair financing as well as the best car loan deals on the market! We also have a partner mobile app that gives you the power to manage anything from your loan terms and the remaining charges you have to pay.

Apply and submit your car loan for a private sale application today and get the funds you need in an instant! A pioneer in the digital lending age, MONEYME is ready to help you get the car loan from private sellers you need.

How does a car loan for private sale work?

A car loan for private sale functions as a car finance option that involves borrowing a set amount of money from an online lender or a financial institution (such as a bank or credit union). This personal car loan is particularly given for the specific purpose of buying a car from a private seller rather than a dealership, which means it may be difficult getting the approval you need from regular lenders.

Once you’ve applied for a car loan for private sale, you get the money you need to fund the vehicle immediately and have to make consistent monthly or fortnightly repayments until you’ve covered the entire amount. It’s a great financing method to space out an expense, and if you have a stellar credit score, you may even be able to save money due to the lower interest rate you’ll be charged.

If you’re getting the car from a private seller, there may be additional steps you have to go through if you’re getting a loan from a bank or credit union (as you’re opting for a non-traditional purchase method). You may also be given additional causes like forfeiting the ownership of the car as a penalty when you default on your car loan for private sale.

Save yourself the hassle of working with those institutions or car lenders and experience our no-deposit car finance service at MONEYME. We’re happy to help you work with a private seller to get the car loan you need, with the added benefit of offering a seamless process.

What factors should you consider when applying for a car loan for private sale?

When you choose to get a car loan for private sale, there are many factors you have to consider to determine its approval and pricing. We strongly recommend consulting an online calculator to help you get a more comprehensive idea of your monthly repayment costs.

Your monthly income

One of the most important factors that you have to consider before considering a car loan for private sale is your monthly income. Your monthly payments can cost a lot, and if you’re not sure if you can handle your regular repayments, it might become a cause for concern over time.

As a responsible lender, know that MONEYME carefully assesses your financial situation before sending out a loan offer. We strongly believe that you need to be able to comfortably repay a loan, and it is one of our main criteria of consideration before sending out a loan contract.

Your credit score

Many financial institutions heavily consider your credit score before they approve the funding for your car loan for private sale. At MONEYME, we consider more than just this value, and we also feature an in-house rating system that improves after each successful loan repayment.

Know that generally if you have a less-than-stellar credit score or don’t have credit in the first place, you might be recommended to take a longer financing term by those that work in dealerships. It may seem like this has a lot of benefits, but you’ll be paying a lot more interest over the term as well, which means you’ll be getting a less quality return on your investment.

How to get a car loan for private sale?

To begin your application for our car loan for private sale service at MONEYME, you simply need to head to our website or download our mobile application and click the ‘Apply Now’ button. From there, you only need to provide us with your personal information as well as the specifics of the loan you wish to pursue.

We also require our customers to sign in to our secure bank portal, which allows us to instantly check your identity and financial status, which is how we offer approvals in as little as 60 minutes. You can also opt to submit your bank statements through our email, but this generally entails a longer processing time. For your security, know that we only require 90 days of your most recent bank statements in a read-only PDF format.

Once you’ve received your loan offer from us and have agreed to the terms and conditions, all you have to do is wait for us to transfer your car loan for private sale into your bank account of choice. Most of our customers have reported getting the funding within minutes, and compared to other services, you can save up to two weeks waiting for the money you need.

Choose MONEYME today and experience a car loan for private sale service like no other!

Our customers

Car Loan for Private Sale

Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.

Simple process, easy to follow application, quick response time and good support.

I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.


Review Stars Out of 2,701 reviews

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Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

$395 for loans between $5,000 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


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