Used Car Loans with Money Matchmaker™

Find, compare, apply.

Find the right used 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 you need to know about Used Car Loans

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 finance. With our Money Matchmaker™ it literally takes minutes and you could be saving $1000’s.

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 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,
Suite 3, Level 2,
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.