Dealership Car Loans

Buying your next car from a dealership? A fast online car loan from Jacaranda Finance could be just what you need.

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Simple and streamlined processes
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Pre-approval available
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Borrow up to $25,000

Check If You Qualify

With no impact on your credit score!

Check If You Qualify with no impact on your credit score!

*Subject to lending criteria, T's and C's'

*Subject to lending criteria, T's and C's'

Buying your next car from a dealership? A fast online car loan from Jacaranda Finance could be just what you need.

Decorative graphic of a clock
Simple and streamlined processes
Decorative graphic of a Check
Pre-approval available
Decorative graphic of a Coin
Borrow up to $25,000

Award-winning lender

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Why get a car loan with Jacaranda Finance?

Buying a car can be a long and frustrating process, but at Jacaranda Finance we aim to eliminate those pain points. If you're buying a car from a dealership, a Jacaranda car loan can arm you with the confidence to walk in knowing what you can afford.

Apply for pre-approval and buy your next car from a dealership today!

Buying a car from a dealership

There are two paths you can take when buying a car: purchasing privately and purchasing through a dealer. Although we can support both options, there are several key reasons to choose the latter.

The main reason is that receiving a car loan for a dealership sale is often much simpler. As dealerships are accredited to sell and the sale will be legitimate, we only require an invoice from them and proof that the car is under 12 years of age, and we will directly transfer the funds.

With a private seller, however, we will require more information and documentation from both you and the seller. For example, we will need the seller's ID, their registration, and need to verify the seller's bank details too.

Loan Details
Loan Amount From:

$10,000 - $25,000

Loan Terms:

25 months - 48 months

Loan type:
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Secured

Rate type:

Fixed

Repayment options:

Weekly, fortnightly or monthly

Pre-approval available:

Most new applications are processed with a conditional approval on the same day during normal business hours once all supporting information required has been provided2.

Maximum car age:

Up to 12 years old

No early payout or exit fees:

Customers who pay their loan out early do not incur any additional fees or charges for doing so. Fixed fees that have already been incurred are due and payable.

THE APPLICATION PROCESS

We Make Applying Easy

We know how important it is to receive your funds in a timely manner. As a hard-working Australian, you don’t have time to waste on needless paperwork.

That’s why our loan application process has been perfected over time to be as simple and quick as possible.

Dealerships vs private sales: Pros and cons

Not sure which one to go with? Here's a summary of the pros and cons of each to help you decide.

Pros

Cons

Dealerships

  • Higher quality of cars
  • Legal protections for customers
  • No risk of the car being encumbered (still has finance on it)
  • Additional services available
  • Faster to apply for a car loan, requires less paperwork
  • Less choice of car available
  • Cars can be more expensive
  • Dealers can try to pressure you into sales
  • They might try to sell you unnecessary add-ons

Private sales

  • Cars can be cheaper overall
  • You have more flexibility and choice
  • Better freedom to negotiate on price
  • Fewer legal protections and warranties for customers
  • More responsibility on you and the seller (more paperwork)
  • Higher chance the car could be encumbered
  • Easier to get wrong if you're not familiar with the process

Regardless of which one you pick, you can still apply and receive pre-approval for a loan in double-quick time, and our team of lending experts will be with you every step of the way!

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What else can a Jacaranda car loan be used for?

In addition to cars from dealerships, you can also use a Jacaranda Finance car loan for the following:

New and used cars

You can get both brand new and used cars with a Jacaranda Finance car loan, whichever suits you best. It doesn't matter what model it is: as long as it's 12 years old or less, is roadworthy, has under 150,000km (petrol cars) and fits within our maximum loan amount, you can get a car loan for it with Jacaranda.

Dog and kids in car

Car loans and dealerships FAQs

Have some more questions about buying a car from a dealership? Our frequently asked questions might help.

There are a couple of extra things we may need from you depending on whether you're buying from a private seller or a dealership:

  • The seller's driver's license
  • The car's current registration
  • Confirmation of their bank account details and proof of income
  • A roadworthy certificate
  • And pictures of the vehicle inside and out.

You could still qualify for a Car Loan in no time thanks to our fast online application process, regardless of whether you choose to buy privately or from a dealership.

The basic eligibility criteria you must meet before submitting an application for our Car Loan are as follows:

  • Be at least 19 years of age.
  • Be employed on a permanent or casual basis.
  • Have a consistent income going into your own bank account for the last 90 days.
  • Be in control of your finances and be handling existing financial commitments comfortably.
  • Be an Australian citizen or permanent resident with a fixed address.
  • Have an active email address, phone number, and online banking account in your name that belongs to you.

We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:

  • You are currently or recently bankrupt (you must be three years discharged and in control of your finances).
  • You are not comfortably repaying your existing financial obligations.

In addition to qualifying, we have specific requirements for car loan applicants, which include:

Get in touch with us if you need more information on our eligibility requirements.

Yes. Our conditional pre-approval can give you the confidence to know how much you can borrow, so you can buy the right car when you find it. Most new applications are processed with conditional approval on the same day during normal business hours once all supporting information required has been provided2.

See our car loan pre-approval page for more information on how this process works.

Our loan application process has been designed to be as simple and quick as possible, as we know how important it is to receive your funds in a timely manner.

Applying for a Car Loan with Jacaranda Finance takes most people 5-12 minutes1, but it could take longer depending on a number of factors such as, but not limited to, how fast you are at typing or if you have all the required information on hand.

For most customers, we verify the information you provide us and get back to you with an outcome on your application on the same day during normal business hours2. We do not guarantee same-day outcomes for all customers: customers who apply outside of business hours, or customers who are required to provide additional information may experience a longer timeframe.

We use the information you provide in the online application form as well as information on your bank statements to make sure that you qualify for a loan product during our credit assessment. If you don't qualify, your application will be declined without a credit check being conducted.

Once we have verified that you meet our non-credit report-related criteria, we do perform a credit check as part of our credit assessment, where an inquiry will be left on your credit file.

We will never perform a credit check without your express consent, which you provide to us when you apply for a loan with Jacaranda Finance. We store your acknowledgement and consent for seven years, and it can be supplied on demand.

There are four credit reporting bodies that we may use to conduct a credit check:

  • Equifax
  • Experian
  • illion
  • Talefin

Review our Privacy Policy for more information.

Use our loan repayment estimate calculator to get a guide on what your repayments could be. To get an idea of what rates, fees and charges are associated with our loan products, visit our rates and fees page.

If you're approved, all of the loan details, including the repayments, terms, interest rate and fees, will be in the loan contract for you to review before signing.

Yes, you can cancel your loan application at any point. Simply contact our application concierge team, and they will be able to assist you. Alternatively, reply to any SMS or email we have sent you to withdraw your application.

If you've already received your funds, we offer a 48-hour cooling-off period for all loan products. Anyone unsatisfied with their loan for any reason can return the total principal funds, including any payments made to third parties on your behalf, within a 48-hour cooling-off period and cancel their loan.4