Secured Car Loans with Money Matchmaker™

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Find the right secured car loan. Compare real offers from 11 lenders in 60 seconds. Apply with confidence.

“Super quick, I got lots of offers. All I had to do was choose which one! I went with Wisr because they were the cheapest. Thanks” - Angela

What is a secured Car Loan?

A secured car loan is a fixed-term, fixed-rate, secured personal loan used to purchase a vehicle.

  • Fixed-term: The length of time you make repayments won’t change.
  • Fixed-rate: The interest rate on your loan won’t change.
  • Secured: The car your purchase is used as security.

Security on a car loan should mean lower interest rates than a typical loan..

Secured car loans can be arranged through a bank, car dealership, finance broker or online.

How do they work?

A car loan is essentially a secured personal loan.

You borrow an amount of money to finance the purchase of a vehicle

You repay the loan amount - plus interest - over a fixed term to the lender.

Repayments can often be negotiated to be either weekly, fortnightly or monthly.


Why are they better?

If you’re buying a car, you’ll either get a secured car loan or an unsecured personal loan.

Secured car loans are generally considered better because:

  • They have lower interest rates so you’ll pay less in total
  • They have fixed rates so you’ll know how much you pay
  • They have a fixed term so you’ll know how to budget
  • They usually include fewer fees so you won’t overpay
  • They’re easier to get approved for so you won’t risk damaging your credit score.

What cars can I get with a Secured Car Loan?

Generally, you can finance new and used cars up to 7 years old with a secured car loan. Some lenders will work with older cars, but you may be asked to pay substantially higher rates.

Here are three common restrictions on secured car loans:

  • In general, a vehicle must be no more than 12 years old at the end of the loan term
  • Most financiers will not lend on “grey imports” – Nissan Skylines are often the most common example of this. A grey import indicates a vehicle has been imported as a used vehicle, and was not originally sold by the manufacturer in Australia.
  • Vehicles with negative reports on the Personal Property Securities Register (PPSR) will not be considered for finance. This may include the vehicle being reported stolen, written off, or incorrect odometer readings.

Do I qualify for a Secured Car Loan?

Qualifying depends on a few things:

  • The amount of money you wish to borrow
  • The age and type of vehicle you wish to purchase
  • Who you are

If you want to get the best deal, lenders consider the ‘ideal’ person to:

  • Have a clean credit history
  • Have been in regular, stable employment for two years
  • Be able to provide address history for two years
  • Be looking to finance a brand-new or fairly new vehicle
  • Be obtaining the car through a dealership or car franchise
  • Be able to provide a deposit (though this is not necessary)

Other factors like the interest rate and fees applied to your car loan will vary, depending on the lender, the age of the vehicle, and your personal credit profile.

Find the best deal on car loans

0% or 1% Car Loans with Money Matchmaker

Meet your Potential Car Loan matches

Meet Plenti
  • No Early Repayment Fees
  • No Monthly Fees
  • Get Funds 24 Hours From Approval
Meet Wisr
  • Same day decisioning
  • No admin, early repayment or "risk" fees
  • Support from real people
Meet Society One
  • No ongoing fees
  • No monthly fees
  • No Deposit Required
Meet Fair Go
  • Build your credit score by making timely repayments
  • Once approved, loans are funded in minutes
  • Flexible repayments; weekly, fortnightly, monthly options
Meet Finance 1
  • Pay your loan out early with no fees
  • Change payment dates and frequency at any time
  • Make extra repayments at any time
Meet Greenlight
  • No risk fees
  • Flexible Weekly, Fortnightly & Monthly payment frequency,
  • Make extra repayments at any time
Meet Jacaranda
  • Apply in under 8 minutes
  • Once approved, cash transferred in 60 seconds
  • No early termination fees
  • Approval in 24 hours
  • Balloon options to reduce repayments
  • No ongoing or discharge fees
Meet Money3
  • Pay your loan out early with no fees
  • Increase regular payments to suit your situation
  • Make extra repayments at any time
Meet Now Finance
  • Get a guaranteed, personalised rate in 2 minutes
  • Apply online in under 10 minutes
  • Weekly and fortnightly repayments
Meet Alex
  • $0 establishment fee: offer expires 3NOV21
  • $0 ongoing fees, early repayment fees, exit fees
  • Multi Award winning and 100% digital

The benefits of using Money Matchmaker™ to find your Car Loan

Money Matchmaker saves you time looking for your loan
Save Time

Get matched with real loan offers from up to 11 lenders, all at once.

Money Matchmaker stops you overpaying on your loans
Don't Overpay

We show you the best interest rates and repayments from each lender you match with

Money Matchmaker shows you personal loan rates unique to you
It's Personal

The rates are based on who you are and where you are at in life

Money Matchmaker puts you in control of your loan choices
You're in Control

No obligations, just the facts, make an informed choice

Money Matchmaker is 100% free to use
100% free

There are no middlemen, marked up pricing or broker fees. (We get paid by the lender)

Get matched with your perfect car loan


How Money Matchmaker™ works

Just like when you use a dating app or go to a broker, we use your answers to show you real lenders, real rates and actual repayments across all our lenders that you’re eligible for; without any broker fees or marked up interest rates.

  • You tell us about you and we scan your profile through our Money Matchmaker ™ engine.
  • We give you all the results that you match with, without any advertising or promoted offers, these are the real rates and fees, just like you’d receive when applying directly with a lender.
  • You can then choose the lender you wish to match with.

The right car loan can save you $1,000s



Money Pty Ltd,
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1 Taylor Street,
Moorabbin, VIC, 3189 Australia


Money Pty Ltd trading as Money
ABN: 42 626 094 773
ACL: 528698
AFCA: 83955

© Copyright 2021 Money Ltd.


Money Pty Ltd (trading as provides information about credit products and is authorised to do so as the holder of Australian Credit Licence 528698. does not compare every Lender in Australia. We are not a broker or credit provider and when we provide information via this website, we are not providing you with a recommendation or suggestion about a particular credit product. When you apply for a credit product via the website, you are not applying with us, you are applying directly with a Lender Partner. Before entering into any credit product from one of our Lender Partners, you should confirm the rates and product information with the Lender. All information on this website is general advice only and does not take into account your objectives, financial situation or needs. You should consider whether this advice is right for you and we encourage you to seek independent financial advice.