*The Interest Rate is calculated on a Secured Loan for business use, effective 18/01/2021 and subject to change. WARNING: The interest rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Today's Consumer Rate
**The Comparison Rate is calculated on a Secured Loan of $40,000 fixed for a term of 5 years, new goods, effective 18/01/2021 and subject to change. WARNING: The Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.
Used Car Finance
Here at Jade Car Loans we look at the various used vehicle offers that are obtainable by car lending institutions. We take particular notice at the rate of interest, loan terms, monthly payment term, timeframe of time before the finance gets approved, the financial company's fees and charges and any break fees if you payout your loan at an earlier time, in addition to other items. Although the used finance interest rates are a significant matter, other costs are not ignored.
Subject to lender criteria and approval Jade Finance Aiustralia can look after:
Just complete the loan quote and we will find which one will suit you best. We spend the time to research and have extensive knowledge of the Australian used motor market. Having a car loan broker like Jade do all the work for you makes the finance process easy and simple.
Types of Used Car Finance
Used car finance is usually offered over a repayment period up to 7 years depending on the age of the car that you are buying.
Jade can arrange your motor finance through a variety of lenders that reward lower interest rates on used vehicle loans for the right customer.
We will make sure that you are provided with all options that you might want included in your financial package.
Comprehensive Car Insurance for the first year,
Warranties or mechanical breakdown insurance,
Used Car Loan Rates
Get a quote
Request a free finance quote by calling 1300 000 003 or directly online.
Making use of this online free calculator is predicated on the person's awareness and also consent that the estimated figure presented does not illustrate a lending quote; it does not indicate an application for any financing has actually been lodged; it is not a suggestion that any kind of financing application has actually been approved. The format of this free calculator does not enable specific information regarding any kind of particular personal loan application or any type of lending institution fees as well as costs. It is formatted to supply a general result based on general details as well as amounts only. After lodging a formal finance application, the quote and also repayment totals that you might be offered might differ from the finance quote worked out by this device. The device is not ideal for calculations on loans that are developed on a rate of interest just basis. The formatting is simply set up to compound interest for a set amount of time based upon the values entered by the individual. The calculator is not planned as a tool for financial decision-making. Users that call for finance advice should look for a professional financial advisor in regard to their circumstances. To make an application for financing as well as obtain a quote based upon your individual requirements, the individual needs to speak to Jade and also have their personal application assessed by among our Jade professionals.
Used Car Finance FAQs
Used car finance is offered by many lenders and cutting through the massive amount of information can be challenging. We’re providing assistance by adding to the wealth of information on all aspects of motor vehicle loans covered in our website, with these specific responses to specific questions. Every auto loan application received at Jade, whether for a new or used vehicle, is managed and quoted on an individual basis. So please take in the information we provide but call us or email for a specific quote based on your individual requirements.
Is used car finance the same as new car loans?
In some ways both new and used motor loans are the same but in some respects there are differences. Jade offers personal secured loans and business finance on both new and used vehicles but the actual loan offer made is dependent on the guidelines and requirements of individual lenders.
Both used and new vehicles can be financed with:
Secured Personal Car Loan
Commercial Hire Purchase
Differences may occur in regard to the interest rate offered and any conditions such as minimum and maximum loan amounts applied by individual lenders.
The age, condition and value of a used vehicle is taken into account when a loan offer is made and this can cause differences from a new motor vehicle loan.
How do I get a used car loan?
Applying for a used automotive loan – either personal or business – is the same process as applying for a new motor vehicle loan. Loans for used cars are offered by a range of finance companies and banks, subject to their internal guidelines around used vehicle lending. With accreditation across a large number of lenders, Jade is ideally positioned to source your used vehicle loan.
Simply phone us and discuss your loan with one of our consultants or apply via our online form. You will be assigned one of our consultants who will handle your application through the entire process.
For personal motor vehicle loans you will be required to provide a range of information around your employment, income and expenditure, financial situation in regard to assets/property and the details of the car.
For business vehicle finance you will need an ABN and as much financial documentation as you can provide plus details of the vehicle.
Are your loans better than finance from the car dealer?
We consider they are better for a number of reasons.
We have access to a large number of lenders including the major banks and with more choices we have more opportunities to source you the cheapest loan.Dealer finance is usually associated with one lender – either a third party or the manufacturer’s finance arm. This may limit your options to get the cheapest loan.
Requesting a loan quote is not an obligation to proceed. So you can ask us for a quote on your loan and have that to compare with what the dealer offers and then make your own decision.
Is there a limit on the age of cars for loans?
The age, condition and value of used cars is taken into account when lenders assess their loan offers for Secured Auto Loans. Some lenders will have specific age limits on cars and others will assess each individually and take into the condition or mileage of a vehicle as well as model year.
There is a minimum loan amount for automotive loans and the price of a second hand car may not meet that threshold. If your loan amount or the age of the car does not meet the requirements of a Secured Vehicle Loan, your Jade consultant can source you a quote for an Unsecured Personal Loan.
There is no general rule around the age of cars in terms of model year, so we recommend you contact Jade for a quick quote and discussion around the options for your motor vehicle.
Do I have to pay a deposit?
Lenders may request a deposit be paid to the seller when the loan amount being requested does not meet their guidelines in relation to the perceived value of the vehicle or the individual application. For some applicants and for some older cars, the lender may request the applicant reduce the total amount being requested by way of a paying a deposit to the seller.
These guidelines are based on Secured Automotive Loans. Where an applicant does not achieve an offer for a secured loan for a particular vehicle, an alternative is to apply for an unsecured personal loan. This type of loan does not have security offered so the vehicle itself is not an issue.