Hunting for a bargain?

Car Loans for Private Sales

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

Buying your next car privately? A fast, flexible car loan from Jacaranda Finance could be just what you need.

Apply today and drive away!

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4.9/5
Google Rating
2,810+ Reviews
4.8/5
Word of Mouth
880+ Reviews
4.7/5
Product Review
1,990+ Reviews
4.9/5
Trustpilot
1,060+ Reviews

Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 12/04/24

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Why get a car loan with Jacaranda Finance?

At Jacaranda Finance, we aim to eliminate the pain points of buying a car, as the whole process of obtaining a car loan can often be quite long and frustrating.

If you're buying a used car from a private seller, a Jacaranda car loan can arm you with the confidence to walk in knowing what you can afford.

Apply for pre-approval and get ready to buy your next set of wheels today!

Buying a car from a private seller

There are two main paths you can take when buying a car: purchasing privately and purchasing through a licensed dealership.

There are several key reasons you could want to choose the former: you can have more licence to haggle with the seller; you generally have a greater range of cars to choose from; and of course, there's a better chance you'll pick up a steal!

Loan Details
Loan Amount From:

$10,000 - $25,000

Loan Terms:

24 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 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.

How are private car sales different to dealerships?

How are private car sales different to dealerships?

If you're applying for a car loan for a private sale, the process can involve a few extra steps compared to buying from a dealership. 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 before we transfer your funds (if you've been approved for a loan).

As private sales have a few more unknowns, we generally require some extra information and documentation from both parties. For example, we will need the seller's ID and registration, and we'll need to verify their bank details too. We may also require a roadworthy certificate for the car and a signed sale agreement.

Once you've given all this to us and everything looks good, we will then either reject or approve the loan and complete the funding process. Unlike a standard personal loan, the money will be sent directly to the seller and not to your own bank account.

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

  • Usually a higher quality of cars
  • Extra legal protections for customers
  • Lower risk the car still has finance on it
  • Additional services available
  • Generally faster to apply for a car loan
  • Less paperwork required
  • Fewer choices available
  • Cars can be more expensive
  • Dealers can try to pressure you into sales and buying unnecessary add-ons

Private sales

  • Cars can be cheaper overall
  • Greater flexibility and choice
  • More 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 whether you decide to buy from a private seller or a licensed car dealership, you can still apply and receive pre-approval for a loan in double-quick time with Jacaranda, and our team of lending experts will be with you every step of the way!

Why get a car loan with Jacaranda?

In addition to our rapid applications1 and fast pre-approval outcomes2, a Jacaranda car loan can provide the following benefits you might not see on most other products.

You can make extra repayments on top of your minimum and there are no fees for doing so. Just log in to your online account or speak to our customer service team to manage your car loan repayments.

Say you come into some money and want to pay out your car loan entirely ahead of schedule so you own the car outright. Some lenders would charge you a fee for doing so, but not Jacaranda.

Jacaranda customers who pay their loan out early do not incur any additional fees or charges. As our loans are interest-bearing, the total interest paid will likely be lower by repaying your car loan ahead of schedule.

Fixed fees that have already been incurred are due and payable.

Want to change the day of the week you make your regular loan repayments, such as your regular payday? Or do you want to make your repayments more frequently (say weekly instead of monthly) and save a bit of money doing so?

You can easily manage your car loan repayments online 24/7, 365 days a year, thanks to our secured self-service customer portal. Repayments can be automatically deducted via direct debit, so all you need to do is make sure you have the money in your nominated bank account by the due date.

Jacaranda has been recognised by several awards, and our customer service team are friendly, respectful and approachable. As a trusted lender for almost 10 years, we pride ourselves on offering some of the best customer service in Australia.

Changed your mind after receiving your funds? We offer a 48-hour cooling-off period for all loan products4. Simply call our customer service team to cancel your loan.

Car Loans up to $25,000

Don't wait days for approval with other lenders. Apply during our business hours and you could get an outcome that same day (once all information has been provided)2.

What can I get with a Jacaranda car loan?

Here's what you can use our fixed-rate car loans to buy - we also offer personal loans for car repairs if you need money to fix your car.

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.

See our Used Car Loans.

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Why you'll love dealing with Jacaranda

At Jacaranda, we know that sometimes life can throw the unexpected at you. That's why we're on a mission to assist hard-working Australians with fast, reliable and responsible access to finance for life's expenses when you get caught short. We're 100% online, Australian-owned and operated, and we make applying for finance simple and fast.

Here are some other reasons our customers love us:

  • We've been providing finance to hardworking Australians for nearly 10 years. We've already helped over 50,000 customers and we have thousands of positive reviews.
  • Get started with an application and be done in as little as 5-12 minutes1 or once you've started an application come back and pick up where you left off in your own time. The application time varies per customer and it might take you longer.
  • Our smart technology allows us to get back to you with a fast outcome. Most applicants get a same-day outcome once the application is completed2 during normal business hours.
  • If you accept our loan offer by signing your digital contract the funds are usually in your bank account and ready to use within 60-seconds3 if you have a New Payments Platform (NPP) enabled bank account. If you don't, your funds are usually available overnight.
  • Our friendly and respectful Australian-based customer service team are here to help you. Existing customers can log into the self-service customer portal, 24/7, 365 days per year.
  • Anyone unsatisfied with their loan for any reason, and who still has the funds, can return the money within a 48-hour cooling-off period and cancel their loan. Simply contact our customer service team.

Don't just take our word for it

We strive to offer superior customer service - our Australian-based teams are friendly, personable and helpful and most of the time the first person you deal with can assist with your query. We're open on Saturdays too!

Don't believe us? Check out what scores of happy previous Jacaranda customers have had to say below!

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Am I eligible for a Jacaranda car loan?

The basic eligibility criteria you must meet before submitting an application:
  • 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:

  • The vehicle cannot be older than 12 years at the time of your purchase
  • The vehicle can be purchased from a licensed car dealer or a private seller
  • The vehicle must be comprehensively insured and roadworthy

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

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Check out our other car loan FAQs

Private sale car loan FAQs

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

You can apply for varying loan amounts with Jacaranda, depending on your needs. With our Express Personal Loan, you can borrow between $5,000 and $25,000. 

For detailed information about who our products are designed for, please review our Target Market Determinations.

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 loans, visit our rates and fees page.

The interest rate, fees and charges applied to your loan will depend on your individual circumstances and the information verified during the loan assessment. It will also depend on our assessment criteria, loan amount, and loan term for which you qualify.

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.

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.

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.

we're here to help

Need a hand?
Our customer service team are here to help.

If you have any questions, whether you're a new customer or an existing one - our friendly customer service team will be happy to help you. Our customer service team is 100% Australian-based in Brisbane: at Jacaranda, you speak to a real human being every time.