Skip to navigation Skip to content
Image_Block_1 (1)

Secured car loans: your path to affordable car financing

If you’re in need of a new car or you’re looking to refinance your car at a more competitive interest rate, a Handy Finance Secured Car Loan is for you.
Our secured car loans offer flexible loan terms and no early exit fees. If you’re looking for fast and flexible financing, get in touch with our loan experts today.

$2-75k Loan Amounts

$0 Monthly Fees

$0 Early Repayment Fees 

1-7 yrs Flexible Loan Terms

The Process

3 quick and easy steps to securing your loan

Get a Free Quote

Obtain an indicative rate quote in minutes, without impacting your credit score!

Apply in Minutes

If you’re happy with your Quick Quote, you can finalise the application online. No printing. No paper. No fuss.

Get Your Funds

You will receive an indicative decision in seconds. Once approved funds should be in your account within 24 hours

Get a quote
Get a Free Quote icon
Get a Free Quote icon
Get a Free Quote icon

Get a Free Quote

Obtain an indicative rate quote in minutes, without impacting your credit score!

Review
Apply in Minutes icon
Apply in Minutes icon
Apply in Minutes icon

Apply in Minutes

If you’re happy with your Quick Quote, you can finalise the application online. No printing. No paper. No fuss.

Get funds
Get Your Funds icon
Get Your Funds icon
Get Your Funds icon

Get Your Funds

You will receive an indicative decision in seconds. Once approved funds should be in your account within 24 hours

Car loans calculator

Estimate what your repayments could look like so you can start your vehicle loan journey with complete transparency.

Calculator
Calculator
$25000
4 Years
Select repayments type
Your Repayments From
$254.85
per week
This will not impact your credit score
Indicative Rate From
6.57%
Comparison Rate From
7.19%
The interest rate and repayment amount are estimates only and are based on the information you have provided. Your actual interest rate and repayment amount may be different. Terms and conditions, fees and charges and eligibility and lending criteria apply.
Fund
The interest rate and repayment amount are estimates only and are based on the information you have provided. Your actual interest rate and repayment amount may be different. Terms and conditions, fees and charges and eligibility and lending criteria apply.
Bubble car loan
New or used motor vehicles
Enjoy your dream car
Get the best for your family
Cover unexpected repairs

Take to the road with Handy Finance

Enjoy your new set of wheels with a secured car loan from Handy Finance. Whether it’s your first car or time for an upgrade, our low-interest secured car loans can help you secure your dream vehicle today.

Get Started(Opens in a new tab)

A quote won’t impact your credit score

Handy Guide

Secure Car Loan Explored

Handy Guide

Why choose a Handy Finance Secured Car Loan?

A secured car loan is when the car you purchase acts as security against the loan. What does this mean for you? Because of that security, lenders are more likely to offer a lower interest rate than if you apply for an unsecured car loan. A lower rate means a more manageable repayment sum and less financial pressure on you. If you can’t meet the repayment terms, the lender may sell your car to recover the costs. 

Handy Finance only offers secured car loans, with loan terms tailored to your specific financial circumstances. You can be approved for a loan between $2,001 and $75,000 with repayment terms between one and seven years. Handy Finance Secured Car Loans have a fixed interest rate: your repayments are set from the beginning, allowing you to budget and plan accordingly. All Handy Finance loans have a $0 early repayment fee, and you can adjust the frequency of your repayments too – choose between a weekly, fortnightly and monthly repayment schedule.  

Security on your Handy Finance Car Loan

At Handy Finance, any new or secondhand car you purchase can act as security on your car loan. Some lenders have restrictions around the kind of car you can purchase with their secured car loans, especially if that same car will be used as security. We don’t have any vehicle age limits on the car that you choose to purchase with your loan.

Comparing secured car loans available: what to consider

When comparing different secured car loans, you need to consider a couple of things. What are the terms of the loan? What is the interest rate and comparison rate? Is the loan fixed or variable? Are there any fees? Will I be able to make the repayments easily?

At Handy Finance, you benefit from the expertise of our loans team when it comes to final terms and interest rates. We consider your complete financial situation when we review applications. Our loans are fair, flexible, and tailored to you.

Frequently Asked Questions

Loan Terms and Conditions

Secured car loans can have a lower interest rate. By providing your car as security for the loan, lenders will face less risk if you cannot make your repayments. This may lead to a more competitive interest rate being offered.

At Handy Finance, we have a $0 early repayment fee on all our loans, including our secured car loans. You can pay off your secured car loan early without incurring extra fees.

You can always sell a car. If you sell a car and the sum you receive doesn’t cover the loan in full, contact us. We can help you to refinance the loan so that you can continue to pay it off in instalments that meet your new financial situation.

You can! At Handy Finance, we can help you refinance your secured car loan, even if it was taken out with another lender. Give our loan experts a call today to find out more information on how refinancing works.

With a secured car loan from Handy Finance, you can borrow between $2,001 and $75,000. The final amount you borrow will be based on your financial circumstances: your credit score, income and the cost of the car you want to purchase.

At Handy Finance, we offer pre-approval for secured car loans. Pre-approval can help you get a better idea of how much you can borrow before you start car shopping. You can easily apply for pre-approval – just submit all the relevant documentation online. Once received, our loan experts will review your financial situation and share an indicative sum with you. Pre-approval with Handy Finance lasts for one month. Once this has passed, our credit experts will need to reassess your application to see if your financial circumstances have changed.

There are no vehicle age limits on the car you can purchase with a secured car loan from Handy Finance. There are no restrictions on the make or model you want to buy either.

You can purchase other motorised vehicles with your secured car loan, however one of our other loan products may be more suitable. At Handy Finance, we offer a range of other secured vehicle loans, including motorcycle loans and caravan loans. Contact our team today to discuss the right option for you.

Loan Application and Approval

To be eligible for a secured car loan with Handy Finance, you need to be at least 18 years of age, an Australian citizen or permanent resident and have a regular source of income from employment (including self-employment). You must also have no outstanding or unpaid defaults with other lenders, and you must have no history of bankruptcy or be a party to a current court judgment.

When you apply for a secured car loan with Handy Finance, you’ll need to provide documentation that verifies your identity and gives our loan experts an indication of your financial circumstances. This includes documents like your driver’s licence and bank statements.

You can! At Handy Finance, one of the eligibility criteria you must meet before applying for a personal loan is being currently employed. This includes self-employment. You will need to provide bank statements to support your application.

Fast, flexible finance is our motto at Handy Finance. Applying for a secured car loan online only takes a few minutes, and you’ll have an indicative decision soon after. Once your application has been approved, the final funds will be released into your account within 24 hours.

You can use the Handy Finance Car Loan Calculator to get a more complete picture of your buying power. By plugging in essential information – such as loan amount, loan term, repayment frequency and credit rating – the calculator can show you an estimated repayment sum, interest rate and comparison rate. While this information is only an estimate, it can prove helpful in deciding budget and what to request in your final loan application.

For a more precise figure, you can also receive a personalised quote by filling out the application form online and submitting it along with your ID and bank statements. Your personalised quote is based on the information you provide to our credit team, so it can be considered more accurate than using the car loan calculator.

Financial Implications and Obligations

Yes, if you can’t make your repayments on time, this will be noted on your credit report. If you are not able to make your regular payments, contact the Handy Finance team as soon as possible, to see how we can work together towards a solution for you.

You can! At Handy Finance, we have a $0 early repayment fee, so you are free to pay off your loan early if your circumstances allow. We understand that financial situations can change – that is why we also allow you to adjust the frequency of your repayments as needed. Get in touch with our loan team to update your repayment schedule.

Question icon

Have questions? Handy Finance can help

For more information about loans with Handy Finance, check out our helpful resources, get in contact with our team on 1300 990 115 or complete our online enquiry form.

Ready to start with sustainability? Get your green loan rate today

Get started(Opens in a new tab)

A quote won’t impact your credit score