Buying a second-hand car?
In the market for an affordable set of wheels?
With Jacaranda, you can get a fast and reliable loan for a used car. Borrow between $10,000 and $25,000 today!
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
Even though used cars are typically a lot cheaper than new ones, they’re still a lot of money. And with the used car market red hot right now, chances are you’ll need to move quickly.
That’s where our Used Car Loans come in.
A Used Car Loan is a secured loan specifically to finance a second-hand car. Jacaranda Finance can pre-approve you for a Car Loan of up to $25,000 on the same day you apply2.
With loan terms ranging from 25 months - 48 months, fixed interest rates to help you budget and flexible repayment options at no extra cost, a Jacaranda Used Car Loan can quickly put you in the driver’s seat.
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.
Used cars are a popular option for car buyers as they can represent excellent value. Cars depreciate in value quickly, so you can buy a car that’s only a few years old for well below its original purchase price.
According to Gumtree, the average used car on its platform sold for around $18,000 on average. The average new car, meanwhile, costs around $41,000.
Ultimately, a Jacaranda Finance Car Loan allows you to get a brand new or used car, whichever suits you best.
If you’re ready to apply, you can do so in just 5-12 minutes1. No boring and lengthy paperwork is necessary; all information and documentation are securely handled online, making the car-buying process as easy as it gets.
Give it a go now: you can check if you qualify first without impacting your credit score at all!
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.
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.
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, reporting back to us with:
Apply now, and you could have pre-approval on the same day.2
See our page on Private Sale Car Loans for more information on the documents required for each.
Whether you’re buying new or used, privately or from a licensed dealer, a Car Loan from Jacaranda can provide the following benefits when buying a new car.
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.
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:
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.Â
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.
$3,000 - $25,000
