Personal
loans for
kicking goals

Low rates starting from 9.19% p.a. (comparison rate from
10.58% p.a.*) with money in your bank account in as little as
60 minutes.

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

Estimate your repayments

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

Enter your loan details

$

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Estimated monthly repayments

$910.72

Example interest rate

9.19% p.a.

Comparison rate*

10.58% p.a.

Total charges

$1,857.28

Total repayments

$21,857.28

It won’t affect your credit score!

An award-winning experience

Check our rates and fees

Interest rate (p.a.)

9.19

% p.a.

up to

23.99

% p.a.

Comparison rates (p.a.)*

10.58

% p.a.

up to

26.58

% p.a.
*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies.
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*This comparison rate is based on an unsecured variable rate personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. $495 establishment fee and $10 monthly fee applies.

Used Car Finance



It’s safe to say that most people want to own the latest car models but some still prefer second-hand cars; in this case, used car finance will be the perfect vehicle loan for them. Several people think that others buy old cars simply because they couldn’t afford brand-new ones but, there are actually plenty of benefits to buying a used vehicle, especially in Australia. While many car finance companies only offer loans for new automobiles, MONEYME gives its customers plenty of options for used car finance deals. Those who prefer second-hand over brand-new vehicles will surely find the right type of used car financing for them at MONEYME. 

Many car enthusiasts love collecting classic car models because they are considered either vintage, rare, or simply have a cool look that new cars don’t have. Others like that used cars are cheaper and have lesser depreciation left in their lifetime compared to new ones. In fact, the average age of cars in Australia is 10.1 years, according to data from ABS, which means that many people here do like buying second-hand vehicles. If you are among those looking for the right used car finance that fits your budget and needs, read on to find out more about it. 



How does financing a used car work?

A car loan for used cars works the same way as other regular car loans except that the money will be used to fund a second-hand vehicle instead of a brand-new one from a car dealer. Borrowers, or those who are applying for a loan to buy a car, will submit an application which will be subject to approval by the lender. Some of the requirements that used car finance applicants must submit include documents proving their identity, stating their financial information, and containing details of the car that will be financed. Once the lender approves and the loan is released to the borrower, they can then buy the car of their choice. Depending on the deal, the lender may hold a lien over the vehicle until the loan term is over. 



What do you need to finance a used car?

The requirements needed for a car loan for used cars are nearly the same as that of any other car loan for new cars. Most car loan lenders in Australia require their customers to be at least 18 years of age before they can apply for a car loan. Along with their loan application, they must provide proof of identities, such as valid IDs, bank statements and other statements of financial information, and a document detailing important information about the vehicle that will be purchased such as its price, age, car insurance policy, and registration number. 

Those applying for used car finance with strong credit profiles also have a higher chance of getting approved for a loan. If you are looking to apply for used car finance yourself, it would be best to improve your credit score by lowering your credit card limit, limiting your purchases made via credit, and always paying your bills and credit cards on time. It is also important to keep your credit history clean before and during your loan application.



How many years can you finance a used car?

There is no limit to the number of years you can get for used car finance services. The conditions depend on the lender and whether you accept these terms or not, is all up to you. The loan duration varies from one lending company to another. With MONEYME, for example, you can set the term for your used car finance loan from one to five years. The size of the loan also depends on whether you have made a deposit or want the entire car value to be covered by the loan. The bigger the amount of your loan, the longer you may need to settle it with your monthly or fortnightly repayments. Simply put, the years you can finance a used car depends on how long the lender allows you to and how much you can guarantee to pay per month to settle the loan. 

Applying for used car finance can be tricky but it can also be a hassle-free process when you choose the right lender to work with. MONEYME, Australia’s top-trusted online lender, has streamlined loan application processes to make them easier and more convenient for you. Loans from $2,100 to $50,000 are available and can be used to finance vehicles for up to five years. You can apply for a car loan that suits your needs online so it is accessible from anywhere you are too. Our eligible customers get approved as quickly as one day. Tracking your loan status is easy as well since you can do that via our iOS and Android app. You can also request a quote to help you make a decision based on a calculated cost including the loan interest rates, principal amount, and other charges. 

Choose MONEYME to process your second-hand car finance for you and drive your dream car in less than a week. We can help your loan get approved within minutes so you can have the funds in your account the same day. MONEYME works fast and effectively to guarantee a smooth transaction for any used car you want. 

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How to apply

1 Check your rate

See your interest rate and repayments in less than
5 minutes. It won’t impact your credit score!

2 Submit your application

Review your loan offer, hit 'submit application', and
we'll take care of the rest.

3 Get your funds

If approved, you can have money in your bank account
in as little as 60 minutes.

Must be Australian citizen, New Zealand citizen or permanent resident

Earn more than $30,000 p.a. from employment

Must at least be 18 years old

Bank-grade security

‘Read only' access to accounts

256-bit data encryption

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