Used Car Loans up to $50,000

  • Private Sale or Dealerships OK
  • All Vehicle Types OK
  • Centrelink Considered1
  • Bad Credit History Considered1
  • No Deposit OK
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Our Latest Loan Reviews

Loans for Used Cars up to $50,000

With Money3, you could get your car loan pre-approved1 for up to $50,000. All vehicle types are considered, including second hand or used cars. You may already have found the car you are interested in purchasing or you may first simply want to know how much you can afford to borrow, before going out to a dealership to test drive the vehicle. Either way, Money3 may be able to help1.

So How Does it Work?

If you already have a used car in mind, either from a dealership, friend or private seller, the first step is to get your loan pre-approved1 by Money3. Getting a pre-approval on your loan is important as it allows you to know exactly how much you can afford and you can negotiate the best price for your vehicle with confidence. Your loan pre-approval offer is subject to final approval.

Money3 will consider all types of used vehicles from cars to caravans or even boats!

Benefits of Pre-Approval

If you are concerned about getting your loan pre-approved, Money3 will give you a fair go1. Unlike other lenders and high street banks, we will look at your individual circumstances when reviewing your car finance application, your current financial situation and your ability to repay.

If your current financial situation is not perfect, Money3 may still be able to help. So if you are on Centrelink or have had bad credit in the past, we'll take a fresh look at your application when considering your loan request.

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Used Car Loans up to $50,000

As a responsible lender, how much you will be able to borrow will be based on how much you can affordably repay within the car loan term.

  • Be Over 18 Years Old
  • Have Take Home Income or Benefits over $425 a Week1
  • Be an Australian Resident
  • Get Your Income Paid into Your Bank Account
  • Be Employed or Receiving Centrelink payments1

Securing Your Vehicle

Whether you are browsing websites such as or, a private seller or a dealership to find your used car; Money3 can assist in all these situations1. Once you have your loan pre-approval, you can find your vehicle with confidence, agree on a sale price and then let us know the details of the vehicle you'd like to purchase.

  • City Cars
  • Sedans
  • Hatchbacks
  • Convertibles
  • Compact Cars
  • Station Wagons
  • Hybrid Cars
  • Electric Cars
  • Luxury Cars
  • Crossover Vehicles
  • Coupes

We'll guide you through the process from here, so you can start driving away with your as good as 'new' car.

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Used Car Loans up to $50,000

Why Choose Money3

Wel'll Give You a Fair Go!

At Money3, we believe in giving everyone a fair go at obtaining car loans. Whether you have a bad credit history, are on Centrelink income, or have been turned away by lenders in the past, we could give you a second chance.

Flexible Loan Terms

The terms of our car loans are flexible to suit your needs. We will thoroughly assess your application to offer personalised car loan terms.

5 Star Customer Service

We focus on delivering responsive, attentive and helpful customer care. The team at Money3 is always happy to guide you through your secured or unsecured loan application, as well as answer any questions you may have.

Quick and Simple Loan Application

Our car loan application experience is quick, straightforward, and stress-free. Our application takes 5 to 10 minutes on average to complete. We also have a fast approval process so you can start driving your dream car as soon as possible.

A Team You Can Trust

Money3 is a responsible lender you can trust. We offer reliable loans personalised to all our customers’ needs. With high-quality customer service, quick approval processes, and flexible loan terms, you can be confident applying for a car loan with us.

Get in touch with Money3 for quick and easy loans. Learn more about why you should work with us.

Loans We Offer

Example Used Car Loans Costs Chart

19.95% APR
25.00% APR
28.00% APR
Borrow Costs Repay
$5,000 $2,211 $7,211
24 Months at 19.95% APR & 35.97% Comparison Rate
$7,500 $3,316 $10,816
24 Months at 19.95% APR & 39.00% Comparison Rate
$10,000 $6,803 $16,803
36 Months at 19.95% APR & 38.18% Comparison Rate
$12,500 $8,252 $20,752
36 Months at 19.95% APR & 37.19% Comparison Rate
$15,000 $9,701 $24,701
36 Months at 19.95% APR & 36.53% Comparison Rate
Borrow Costs Repay
$5,000 $2,557 $7,557
24 Months at 25.00% APR & 44.43% Comparison Rate
$7,500 $3,835 $11,335
24 Months at 25.00% APR & 44.43% Comparison Rate
$10,000 $7,903 $17,903
36 Months at 25.00% APR & 43.47% Comparison Rate
$12,500 $9,627 $22,127
36 Months at 25.00% APR && 42.51% Comparison Rate
$15,000 $11,351 $26,351
36 Months at 25.00% APR & 41.87% Comparison Rate
Borrow Costs Repay
$5,000 $2,767 $7,767
24 Months at 28.00% APR & 47.66% Comparison Rate
$7,500 $4,150 $11,650
24 Months at 28.00% APR & 47.66% Comparison Rate
$10,000 $8,577 $18,577
36 Months at 28.00% APR & 46.62% Comparison Rate
$12,500 $10,469 $22,969
36 Months at 28.00% APR & 45.68% Comparison Rate
$15,000 $12,361 $27,361
36 Months at 28.00% APR & 45.05% Comparison Rate

Questions You May Have

What is a used car loan?

A used car loan is a personal loan, usually secured against the car you are purchasing. As the car has already been used (or pre-owned) it will have some kilometers on the clock, some wear and tear and should be cheaper to buy, than a new car.

What are the advantages and disadvantages of buying a used car?

Advantages of buying a used car

  • Cheaper than buying a new car
  • Slower depreciation in value if you choose to sell it later
  • Some used but 'near new cars' may be covered by a manufacturers warranty

Disadvantages of buying a used car

  • More risk involved, depending on the warranty
  • Older cars may require more maintenance and repairs
  • Loan interest rates are usually higher
  • No warranty if buying from a private seller

Can Money3 help find me a used car?

We can't help you find your vehicle, but when you have a confirmed loan offer from us1, you will know how much you could spend on a car or other vehicle. This will put you in a better position when checking out suitable vehicles online or with your local dealerships.

Does Money3 lend against other used vehicles, such as Motorbikes or Motorhomes?

Yes, we do. Whatever the vehicle from used motorbikes to used motorhomes, Money3 could help1.

Should I go through a dealership?

No, that's not necessary. Dealerships, private sellers, online or other sellers are considered. However, the advantage you get with a dealership is that you may get a statutory warranty of between 1 month(or 1,000km) and 3 months(or 5,000km) depending on the state you live, the vehicles odometer reading and the age of the vehicle. Please check your state rules for further details.

Should I find a vehicle first, before I apply to Money3?

Yes, you can, but you don't have to. Sometimes it is better to know how much you can borrow, before looking at vehicles. If you already have a vehicle in mind, that is OK too. We will work with you to get the loan assessed as soon as possible.

Do you provide used car loans to people on Centrelink?

Yes, we do1. We look at your income as a whole, whether from Centrelink, employment or both. As long as your income is over $425 a week, we will consider your application.

Can I get a car loan if I have a bad credit history?

Yes, you can1. We'll review your current situation and ability to manage your car loan repayments when evaluating how much credit you can safely manage.

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