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.
1. Subject to verification, suitability and affordability
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!
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.
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.
1. Subject to verification, suitability and affordability
Whether you are browsing websites such as CarSales.com.au or Gumtree.com.au, 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.
We'll guide you through the process from here, so you can start driving away with your as good as 'new' car.
1. Subject to verification, suitability and affordability
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.
The terms of our car loans are flexible to suit your needs. We will thoroughly assess your application to offer personalised car loan terms.
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.
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.
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.
We give everyone a second chance at obtaining vehicle finance. Our vehicle loans are available up to $50,000. We offer finance options for a wide range of vehicles, such as cars, campervans, vans, motorbikes, trailers, and boats.
Learn more about Car Finance
Money3 offers car loans for brand new cars. Car loan rates may vary from car to car and could be flexible to your personal circumstances. Obtain finance and drive your new car as soon as possible with Money3.
Learn more about New Car Loans
Get minibus loans of up to $50,000 with Money3. You are eligible for a minibus loan as long as you are over 18 years old, are an Australian resident, and have take-home income or benefits of over $425 a week1.
Learn more about Minibus Loans
You may apply for a car loan with us, even if you are on Centrelink benefits. At Money3, we believe in giving everyone a fair go, including those who receive Centrelink income.
Learn more about Centrelink Car Loans
Money3 offers dedicated single parent car loans. If you are a single parent on a pension or sole parenting payment, you may be eligible for our single parent car loans. Apply for finance with Money3 and purchase a car to drive your kids around.
Learn more about Single Parent Car Loans
If you’re receiving a pension (such as an aged pension, disability support pension or carers payment pension), you may be eligible for a car loan with Money3. We will look at your financial situation in its entirety when considering your pensioner car loan application.
Learn more about Pensioner Car Loans
1. Subject to verification, suitability and affordability
| 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 | ||
| EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,210.20 and a total repayment of $7,210.20. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 19.95%. The Comparison Rate, based on a loan of $10,000 over three years, is 35.97% EXAMPLE: A platinum secured personal loan of $10,000 for 36 months has fees and charges totalling $6,802.97 and a total repayment of $16,802.97. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 19.95%. The Comparison Rate, based on a loan of $10,000 over three years, is 38.18% WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. |
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| 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 | ||
| EXAMPLE: A silver unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,556.20 and a total repayment of $7,556.20. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 25.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 44.43% EXAMPLE: A silver secured personal loan of $10,000 for 36 months has fees and charges totalling $7,902.74 and a total repayment of $17,902.74. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 25.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 43.47% WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases.> |
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| 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 | ||
| EXAMPLE: A bronze unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,766.35 and a total repayment of $7,766.35. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 28.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 47.66% EXAMPLE: A bronze secured personal loan of $10,000 for 24 months has fees and charges totalling $8,576.21 and a total repayment of $18,576.21. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 28.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 46.62% WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. |
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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.
Advantages of buying a used car
Disadvantages of buying 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.
Yes, we do. Whatever the vehicle from used motorbikes to used motorhomes, Money3 could help1.
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.
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.
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.
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.
1. Subject to verification, suitability and affordability
Vehicle Finance
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ABN 63 117 296 143 / Australian Credit Licence 389 782
Call us on 1300 014 870.
