Australia's Money Matchmaker™

Compare used car loan rates in 60 seconds

  • Comparison rates from 3.83% p.a*
  • No credit score impact
  • Offers across 60 Australian lenders
Australia's Money Matchmaker matching you with your best loans across multiple lenders
My matching process checks multiple lender rates at once, making it super fast to shop around.

Why Money Matchmaker™

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 saves you time looking for your loan
Save Time

Get matched with real loan offers from up 60 lenders

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

“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 you need to know about used car loans

Written by

Shaun McGowan

If you’re buying a used car, you’ll either be doing it through a private sale, or at a dealership.

If you’re getting your loan through a private sale, you’ll want to read our guide on buying a car privately.

If you’re planning on buying your car at a dealership, then this is for you.

Should I get my used car loan through the dealership?

Car dealers will generally offer vehicle finance to you as part of the car sale process.

It’s super convenient - - the dealership can act as a one stop shop for you.

You could be trading your current car to them, buying a new one and arranging the finance with them.

Of course, you’re not obligated to do this.

You should shop around for a car loan. With our Money Matchmaker™ it literally takes minutes and you could be saving $1000’s.

Where to get a car loan with Money Matchmaker

What’s so bad about car loans from a dealership?

As mentioned, the main benefit of a loan from a dealership is convenience.

The downside is that you may end up paying much more for your loan than you needed to.

It’s that simple. also warns:

“Car dealerships will try to sell you add-on car insurance. This includes loan protection, gap cover, and tyre and rim protection. These products are not good value for money. Don't feel pressured to buy them.”

How do car dealers make money when I buy finance with them?

  • Dealerships can add on commission and fees to the finance being offered.
  • You always want to ask for the comparison rate as this is the actual rate you will be paying.
  • According to Deloitte, the income a car dealer makes from providing you with a loan could be as high as $2,700.
  • That’s a pretty big incentive to shop around and it certainly doesn't make the car you’re buying as cheap anymore.
  • The other thing to note is that car dealers may discount the car slightly with the hope of selling you car finance.

Long story short: do your research!

Find the best deal on car loans


Buying at a dealership without dealership finance

Turning up to the dealership pre-approved or knowing exactly how much you can borrow will give you greater negotiating power.

Alternatively, if you find your dream car at a dealer, you’re better to get the total cost of the car including all costs, and compare car loan offers online before committing to the purchase.

Go in with the best deal you can find before you purchase your vehicle, and make sure you’re comparing similar options and products.

This means:

  • The same loan term
  • The same type of interest rate
  • The same repayment frequency
  • The same fees

Don’t be fooled by a lower repayment amount spread over a longer-term loan.

Calculate your total repayments and your total interest paid. Make sure there are no hidden fees that could make the loan more costly than it seems.

You should be able to find used car loans with no fees and the ability to make extra repayments without penalty using Money Matchmaker. Try by taking the quiz.

Meet Money Matchmaker™

"Hey I’m Money Matchmaker™, I have a team of wizards making me super smart. When you take my quiz, I use your answers to check against all our lenders at once. I’m harmless, I don’t impact your credit score and I'll use the information to help my team of loan experts find you all the loans you're eligible for."

Money Matchmaker

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


About the Author

Shaun McGowan from



Shaun McGowan

Shaun is the founder of and is determined to help people pay as little as possible for financial products. Through education and building world class technology. Previously Shaun co-founded and Lend.

*Information about comparison rates Comparison rates are designed to allow borrowers to understand the true cost of a loan by taking into account fees and charges, the loan amount and the term of the loan. The comparison rate is based on an unsecured fixed rate personal loan of $30,000 over 5 years. WARNING: Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.


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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.