Buying a second-hand car?

Private Sale Car Loans Up to $25,000

If you’re buying your next car privately instead of from a dealership, then a Car Loan from Jacaranda Finance could be just what you need.

Apply today and drive away!

Loan terms from 25 months - 48 months
Fixed interest rates; flexible repayments
Same-day pre-approvals available2
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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'

Award-winning lender

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Why get a Jacaranda Finance Car Loan?

At Jacaranda Finance, we aim to eliminate the pain points of buying a car. The 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 same-day pre-approval in minutes, and get ready to buy your next set of wheels today!2

Private car loan

Car Loan Rates & Fees

With competitive interest rates and no hidden fees, our Car Loans are designed to be fast, fair, and, above all, affordable. See the table below for a quick guide to our fees and charges, or visit our fees page for more information.

Interest Rate
Comparison Rate
Loan Term
Repayment Cycle
Secured or
Unsecured
Establishment Fees
Monthly Fees
Risk Fee
Comparison Rate Warning*
  • Car Loan
    $10,000 - $25,000
    Interest Rate
    16.95% - 29.95%
    Comparison Rate
    32.99% - 45.50%
    Loan Term
    25 - 48 months
    Repayment Cycle
    Weekly, Fortnightly, Monthly
    Secured or
    Unsecured
    Secured
    Establishment Fees
    $950 - $1,190
    Monthly Fees
    $26 p/month
    Risk Fee
    $585 - $995
    Comparison Rate Warning*
    The comparison rate is based on $10,000 over 36 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
This is not an offer for credit. The amount you can borrow as well as the offer you receive may vary once you complete an application and all relevant details are captured and verified. Fees, credit criteria and terms and conditions apply. Example tables and calculators are illustrative only and are not intended to be your sole source of information when making a financial decision. Consider whether to get advice from a licensed financial adviser.
  • Car Loan
    $10,000 - $25,000
    Interest Rate
    16.95% - 29.95%
    Comparison Rate
    32.99% - 45.50%
    Loan Term
    25 - 48 months
    Secured or
    Unsecured
    Secured
    Monthly Fees
    $26 p/month
    Repayment Cycle
    Weekly, Fortnightly, Monthly
    Establishment Fees
    $950 - $1,190
    Risk Fee
    $585 - $995
    The comparison rate is based on $10,000 over 36 months. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
This is not an offer for credit. The amount you can borrow as well as the offer you receive may vary once you complete an application and all relevant details are captured and verified. Fees, credit criteria and terms and conditions apply. Example tables and calculators are illustrative only and are not intended to be your sole source of information when making a financial decision. Consider whether to get advice from a licensed financial adviser.

Why buy a car from a private seller?

There are two main paths to buying a car: purchasing privately or 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!

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 require an invoice from them before we transfer your funds (if you've been approved for a loan).

As private sales involve 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. We may also require a roadworthy certificate for the car and a signed sale agreement, as well as some pictures of the vehicle (inside and out)

Once you've provided all this information and everything looks good, we will 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, not to your own bank account.

woman-in-car

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 cars are usually available

Extra legal protections for customers

Lower risk the vehicle 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

Data security and privacy

We take your security seriously

We go above and beyond to protect your information and data in the Better Credit app.

Through bank-grade security, secure logins and 256-bit SSL data encryption, checking your credit score in the Better Credit app is completely safe.

See here for more information on data security, or contact our customer service team if you have any further questions.

See here for more information.

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Data security

Applying is 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. With Jacaranda, you can get conditional approval in minutes, not days.

Are you eligible for a Jacaranda Car Loan?

  • Be at least 19 years of age
  • Be employed on a permanent or casual basis, with consistent income for 90 days
  • Be an Australian citizen or permanent resident with a fixed address.
  • Have an active email address, phone number, & online banking details in your name.
  • Be in control of your current finances and handling existing financial commitments comfortably.
You can check if you qualify initially if you aren’t sure whether you're eligible. This won’t impact your credit score.
Information you will need to provide:
  • Basic personal information (i.e. full name, address, D.O.B, number of dependants etc.)
  • Employment status & details
  • Your bank statements*: we will assess the last 12 months of your bank statements to help determine if you can afford to repay your loan.

*This is standard procedure for loan applications across the industry. Data is safely secured with 256-bit SSL encryption. We utilise safe and secure third-party Open Banking service providers to make this quick and easy for you.
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Same-day pre-approvals available2

Get pre-approved before you buy

Haven't got a car in mind yet? Jacaranda Finance offers pre-approval on a car loan for up to seven days. This pre-approval will outline exactly how much you can borrow for a used car and what your repayments will be, as well as your potential interest rates and fees.

Going down this route can give you the opportunity to shop around for the right car. It can also help your application proceed more smoothly than applying for a loan after finding a car.

We'll quote you a maximum loan amount and a repayment amount in your pre-approval. You'll then need to go out and select a vehicle. We may then require the following information:

Private Sale Documents Needed

  • Seller's current registration certificate for the vehicle
  • Seller's current driver’s licence
  • Seller's email address
  • Seller's bank account details, showing bank account number, name and BSB on a bank letterhead or bank statement.
  • Interior and exterior pictures of the vehicle
  • Picture of the current odometer
  • Up-to-date roadworthy certificate
  • Proof of comprehensive car insurance

Dealer Sale Documents Needed

  • A dealership tax invoice showing the final balance owing
  • A screenshot of the dealership's Licensed Motor Car Traders (LMCTs) number
  • Proof of comprehensive car insurance
Learn More About Us

Other Benefits of a Jacaranda Car Loan

A Private Car Loan from Jacaranda can provide the following benefits:

We could help improve your credit score

Jacaranda Finance is reporting data under the Comprehensive Credit Reporting (CCR) regime.

This means that your credit behaviour, such as making timely repayments and managing your loans responsibly, will be reported, potentially strengthening your credit profile.

Comprehensive Credit Reporting
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    Shaan Johari - Google Review
    Shaan Johari Rated Jacaranda Finance 5 out of 5 stars
    Super easy and fast system, applying was seamless and money was instant!
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    Scott Milkauskas - Google Review
    Scott Milkauskas Rated Jacaranda Finance 5 out of 5 stars
    I found jacaranda after a few other places wouldn't even look at my application, there process was pretty quick, got a response almost immediately and a good deal! Can't ask for much more, would use again and recommend.
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    naomie falconer Rated Jacaranda Finance 5 out of 5 stars
    Jacaranda is always helpful, wonderful customer service every time. Contact is easy and quick.
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    Nathan Ross - Google Review
    Nathan Ross Rated Jacaranda Finance 5 out of 5 stars
    Brilliant service and quick action during application process the best there can be when it comes to quick loans.
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    Breeanne Pocock - Google Review
    Breeanne Pocock Rated Jacaranda Finance 4 out of 5 stars
    Jacaranda finance is definitely one of the smoothest and easiest places to apply for a loan. They make the process comfortable and with no hassle. Would recommend Jacaranda to any one !
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    Dianita Miguel - Google Review
    Dianita Miguel Rated Jacaranda Finance 5 out of 5 stars
    It is easy to apply online, fast, reliable and they will try to help you as much as they can. I can recommend it to my friends and relatives. Thank you very much.
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    Kevin Kupke - Google Review
    Kevin Kupke Rated Jacaranda Finance 3 out of 5 stars
    Good people to work with. Application was easy and straight forward. Could use different payment options, but still good options. Would use again.
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    Brendan Lau88 - Google Review
    Brendan Lau88 Rated Jacaranda Finance 5 out of 5 stars
    Excellent 5 STAR customer service and always available with a quick response. Very happy with advice and the fantastic service provided. Quick, hassle free and easy. Thank you.
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    Kayleb Perkin - Google Review
    Kayleb Perkin Rated Jacaranda Finance 4 out of 5 stars
    Fast, reliable service had money in acc same day
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    Rebecca Hay - Google Review
    Rebecca Hay Rated Jacaranda Finance 3 out of 5 stars
    Jacaranda finance were amazing they took into account all of my circumstances when other lenders wouldnt. They were easy to contact and keep me up to date at all stages of the easy process.
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    Rob Smith - Google Review
    Rob Smith Rated Jacaranda Finance 4 out of 5 stars
    Had a good experience with jacaranda finance the form was easy to follow and the team helped when I had questions
Frequently Asked Questions

Private Sale Car Loan FAQs

Read some of our most frequently asked questions below to learn more about Jacaranda and our Car Loans.

Jacaranda offers two loan products with varying loan amounts that you could borrow:

These two loan products also have varying loan terms:

  • Jacaranda Express Personal Loan: 25 months to 36 months
  • Jacaranda Car Loan: 25 months to 48 months

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

In addition to qualifying, we have specific requirements for car loan applicants. Generally speaking, however, the car will be eligible as long as it's roadworthy and fits within our maximum loan amount.

There are additional documents we may require about the car, depending on whether you’re buying through a dealership or a private sale. Dealerships generally require fewer documents due to the reduced risk to both the borrower and the lender. See our page on car loans through private sales vs dealerships for more information on the documents we need.

Get in touch with us if you have any questions about whether the car you want is likely to be eligible.

Technically, our pre-approval lasts for seven days, after which you'll need to contact us to renew it.

Thanks to our fast processing times, seven days could be enough for you to finish the paperwork on your new car, but if not, don't stress! We’ll keep in contact with you during your pre-approval, and if you need extra time, we can easily extend it.

Before you formally apply with Jacaranda, you can check if you qualify for a loan in a way that does not impact your credit score. We do this by performing a 'soft' credit check that is only visible to you.

If you don't meet our initial criteria, your credit score won't be affected.

Once you've checked your eligibility and we've let you know that you do qualify for a loan, you have the option to move forward with a full application.

We will perform a credit assessment during this process, which involves checking your credit report. By submitting a full application, you authorise Jacaranda Finance to obtain a copy of your full credit file, referred to as a 'hard' credit check.

Other lenders will be able to see that you applied for a loan with Jacaranda.

This might impact your credit score.

Review our Privacy Policy for more information.

Visit our rates and fees page to get an idea of the costs associated with our loan products.

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. 

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 loan with Jacaranda Finance takes most people 5-12 minutes1; how quickly you can apply for a loan and receive your funds will depend on your situation.

We only accept loan applications online via our online application form on our website or the Better Credit app. We're 100% online, so there are no other ways to submit an application.

If you're considering applying for a loan with Jacaranda, you can first check if you qualify in a way that does not affect your credit score.

We only offer fixed-rate loans. See our guide to fixed vs. variable interest rates to learn the differences between the two.

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.