Used Car Loans

Decorative graphic of a clock
Complete your application in minutes1
Decorative graphic of a Mobile
Most outcomes on the same day during normal business hours once all information has been provided2.
Decorative graphic of a Coin
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'

Decorative graphic of a clock
Complete your application in minutes1
Decorative graphic of a Mobile
Most outcomes on the same day during normal business hours once all information has been provided2.
Decorative graphic of a Coin
Borrow up to $25,000

Award-winning lender

  • product-review-2024-1
  • afrfast100
  • asbc-2021-grey-1
  • asbc-finalist-2021-grey-1
  • top20
  • ayeaward21
  • aea-enterprise-award-grey-1

Why get a used car loan with Jacaranda?

Nearly everyone will need a car at some point down the road. Unfortunately, buying one, new or used, is often both expensive and time-consuming.

But with Jacaranda, you can get an affordable, fast and reliable loan for a used car! We can conditionally approve you for a used car loan of up to $25,000 on the same day.

Fact: The average used car posted on Gumtree in 2021 was just over $18,000, well within our maximum loan limit!

How do used car loans work?

A used car loan is a secured loan specifically to finance a second-hand car. 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.

At Jacaranda we offer the same rates and fees for both used and new cars - we don’t discriminate. As long as the car has a roadworthy certificate, is under 12 years old (at the time of purchase) and the value fits within our maximum loan amount, chances are you can get a used car loan with Jacaranda Finance.

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.

Loan Details
Loan amounts:

$10,000 - $25,000

Loan terms:

25 months - 48 months

Loan type:
Show the About Security modal

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 provided.

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.

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.

What else can a Jacaranda car loan be used for?

At Jacaranda Finance, we offer car loans for the following. We also offer personal loans for car repairs if you need money to fix your car.

New and used cars

You can get a brand new car as well as used ones with a Jacaranda Finance car loan, whichever suits you best. It doesn’t matter what model it is: as long as it fits within our criteria, you could get a car loan for it with Jacaranda.

Dog and kids in car

How to get started

Happy Young Man Showing Keys While Sitting In Car

How to get started

Am I eligible for a Jacaranda used 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.

Happy Young Man Showing Keys While Sitting In Car
Woman under tree

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!

Woman under tree

Trusted by 1,000s

4.9/5
4.8/5
4.7/5
4.9/5
Show the About Reviews modal About Reviews

Used car loan FAQs

Need more information? Here's what else you might need to know about our used car loans:

Yes. All of Jacaranda's car loans are secured, meaning the car you're buying is included in the loan as security. This means we can repossess the car and sell it if you default on the loan, but rest assured, our approval process takes care to ensure this doesn't happen!

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.

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.

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.

You can apply for varying loan amounts with Jacaranda, depending on your needs. With our Express Personal Loan, you can borrow between $3,000 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.

Yes! We offer loans for both new and used cars - it just has to fit within our criteria above.

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.