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Second-Hand Car Finance

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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.

Second-Hand Car Finance

If you’re looking to get a second-hand car financed, there’s no more need to rely on traditional and time-consuming methods like utilising a bank’s or dealership’s pre-owned auto loan. You can instead utilise a digital lending platform like MONEYME and get access to lightning-fast services, allowing you to get the money you need to fund and buy whatever vehicle you desire.

While there are many different options to finance used cars from working directly with car loan lenders or even financing a car through a dealership, they don’t offer the additional benefits and dedication to customer satisfaction like our used cars for finance service here at MONEYME. With some of the most competitive interest rates and minimal charges, we’re a great option when you want to buy a car on finance.

We’ve helped thousands of Australians get access to the funds they need to cover anything from their used car instalment and their second-hand car finances. What sets us apart is our technology-driven approach to provide a seamless experience from the application to the approval process, as well as our commitment to responsible lending. With us, there are no additional conditions or fees to pay, as we genuinely want to give our customers access to fast and efficient credit products.

Our second-hand car finance service also comes bundled with our intuitive partner mobile app, which acts as a one-stop shop for managing and keeping track of your used car dealership financing. Opt to change up your repayments to a fortnightly schedule or see your costs calculated for you as we value being transparent in every step of your time with our service.

Apply with MONEYME today and experience the best way to finance a car as we offer instant decisions and budget-friendly services! For more information, visit our website today and check out our options for used car financing and managing your monthly payment cars.

Can a second-hand car be financed?

You might be wondering if it’s possible to receive second-hand car finance, especially since the car is already pre-owned, but the good news is that you generally can borrow the money you need to fund the purchase of a second-hand car by utilising the right loan. There are several things you have to keep in mind before planning your used car loan terms and preparing your documents.

Some traditional lenders, such as banks and credit unions, may not be willing to provide a second-hand car loan especially if you have a lower credit score. They may also impose additional conditions such as giving up ownership of the asset (in your case, the car you’ve purchased) or even charge you a higher interest rate. You can also opt to take out a personal loan instead to cover the costs as you may be able to get a more favourable deal.

What are the benefits of financing a second-hand car?

You can receive several distinct benefits when you opt to apply for second-hand car finance from car loan companies like MONEYME.

Great value for money

The value you receive for your money is much greater when you utilise second-hand car finance. There are numerous models from various used car dealerships that you can compare, and you can pick the model that meets your needs. During this process, compare the quotes and choose the dealer who offers the best deal. You may also get a better price if you opt for private car finance since there are no middlemen to pay. 

Reduced insurance and registration fees

In general, car insurance rates are determined by their age. The newer the vehicle, the higher the insurance rate. By opting for second-hand car finance, you get access to lower insurance rates and only have to pay a minimal amount towards registration fees.

Better loan terms

Since used cars have a lower price tag, you will have to borrow less money on your second-hand car finance. MONEYME, for example, offers used car loans with higher borrowing amounts and competitive interest rates. Because interest rates are competitive, EMIs (equated monthly instalments) must be repaid in a lower amount. This means you can get access to a vehicle much faster than choosing to buy a completely new model.

How to finance a second-hand car?

If you’re looking for a company that provides an impressive second-hand car finance service, there’s no other place like MONEYME. We not only offer you the ability to completely own your car unlike other dealerships or banks but also provide a range of other great benefits and advantages to our customers.

You can begin your application with us by visiting our website or downloading our mobile app and pressing the ‘Apply Now’ button. From there you simply need to provide us with some personal details and some information about the loan you wish to pursue. As part of our verification process, we require you to sign in to your bank account of choice, which allows us to instantly verify the data to provide the speedy service we are known for.

What are you waiting for? Apply for our second-hand car finance service today and learn why we’re Australia’s #1 digital lending platform.

Our customers

Second-Hand Car Finance

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


Ready to get

Won’t impact your credit score!
Won't impact your credit score!

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