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Secured used car loans made easy with Handy Finance

Finance the purchase of a quality used car with a car loan from Handy Finance. We offer affordable fixed-rate loansfor used cars, tailored to your specific financial circumstances. Take advantage of our fast approval process and competitive terms.

$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

Used Car Loan calculator

Estimate what your used car loan repayments could look like so that you can start your borrowing 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.
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Used car loans to get you on the road

Drive your way with a used car loan from Handy Finance. Whether you’re looking for a reliable first car or an upgrade at a more affordable price point, our credit experts are here to help. You’ll be taking your new wheels for a spin in no time.

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Handy Guide

Used Car Loans Explored

Handy Guide

Everything to know about used car loans

How do used car loans work at Handy Finance? We’re glad you asked. We offer secured used car loans. This means the secondhand car you purchase will be used as a guarantee for the loan. With this in mind, lenders are more likely to offer favourable terms on the loan than they would with an unsecured car loan, as they have a safety net. At Handy Finance, we consider used cars to be any car previously owned by someone else. We don’t have any age restrictions on the vehicles you choose. 

Our car loans are an excellent option for those looking to invest in a used vehicle at an affordable price, as you can spread repayments into manageable weekly, fortnightly or monthly instalments. When you apply for a loan to purchase a used car, you must submit ID and three months’ worth of bank statements to our credit experts to create an overall picture of your financial situation. They’ll use this information to offer you loan terms tailored to your needs so you can repay your loan without any additional financial stress. 

You can apply for used car loans between $2,001 and $75,000 with Handy Finance, with terms ranging from one to seven years. The eligibility criteria for used car loans include: 

  • Be an Australian citizen or permanent resident
  • Be over 18 years of age
  • Be employed (or self-employed)
  • Not have a history of bankruptcy or be party to a court judgment
  • Not have outstanding or unpaid defaults. 

There are no restrictions on the age of the used car you decide to buy with your Handy Finance loan.

Dealer vs lender: comparing used car loan options

Did you know many car dealerships can provide financing options for purchasing a used car? It’s good to weigh the pros and cons of financing options from dealers and lenders.

Dealer financing

Convenience is key in dealer financing – you can browse, test drive, negotiate prices and secure financing all in one place. Many dealers also offer quick approvals to get you in a car sooner.  However, you will be restricted in the loan options available, and you tend to find higher interest rates when securing through a dealer. Check for hidden costs and ask what consumer protections are provided. You won’t have access to a team to help you with repayments, questions, or refinancing. 

Lender financing

Going through a lender for your used car loan is a more common and secure way of getting used car financing. Lenders can offer competitive interest rates and allow you the flexibility to choose whatever used car suits your needs rather than restricting you to what is available at a dealership. At Handy Finance, we are transparent with our fee structure. You will only need to pay an establishment fee for your loan – there are no other fees for you to pay over the lifetime of your loan. We even have a $0 early repayment fee so that you can pay off your loan early without extra costs. When you finance through us, you’ll have access to a dedicated support team throughout the lifetime of your loan. Even if you have a hard time paying out the loan, our team is here to help. You can contact us so we can work together to find the best solution for you. 

At Handy Finance, we understand the importance of fair and flexible finance options. That’s why our used car loans are competitive. We offer low fixed interest rate used car loans to help you secure your dream vehicle. If you have any questions about used car financing, call our credit experts. They talk you through the benefits of our car-related loan products today.

Frequently Asked Questions

Getting the best used loan deal requires some research. Compare interest rates, loan terms, and any additional fees or charges associated with the loan. At Handy Finance, our used car loans offer competitive rates and flexible repayment options. You’ll only have to pay an establishment fee – there are no ongoing monthly fees, and a $0 early repayment fee.

Dealership financing may seem convenient but may not always provide the best interest rates or terms. Before finalising a loan through the dealership, it is recommended to research and compare rates from other lenders, like Handy Finance, to ensure you are getting the best deal.

We’ve created a streamlined online approval process so our credit experts can review loan applications quickly. Our credit experts will be able to advise you of an indicative rate within minutes of receiving your application. Once it has been determined you meet all eligibility criteria and the loan is approved, funds will be released into your account within 24 hours.

With Handy Finance, you can borrow between $2,001 and $75,000 to fund a used car purchase. The final loan amount will depend on your financial situation.

A used car is any car, regardless of age, previously owned by someone else.

The rate you’re offered will depend on several factors – your financial situation, your credit score and the used car you plan on buying. At Handy Finance, we aim to tailor your rate to your circumstances, which is why our interest rates are competitive. You can use our Car Loan Calculator tool to estimate your interest rate and repayments or apply for a free quote from our credit experts.

We don’t place age restrictions on the used car you can buy with your Handy Finance loan unlike many other lenders.

Yes, you can! To apply for a used car loan with Handy Finance, complete our online application form and submit the relevant documentation: identification documents like licences or passports and bank statements. Applying online streamlines our evaluation process – our credit experts will be able to give you an indicative rate within minutes of submitting your application.

Whether you should buy a new or used car with your loan will depend on your financial situation. If you buy your vehicle through a reputable secondhand dealer, you’ll find used cars in various conditions. You may be able to secure a used car that is only a year or two old. It can be an affordable option for those needing a new car but can’t meet the price point. Handy Finance Car Loans can be used to purchase new or secondhand vehicles. Find out more about our car loans, or use the Handy Finance Car Loan calculator to help you get a better idea of your buying power.

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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.

Unlock possibilities with Handy Finance used car loans

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