We provide an individual one-to-one approach to sourcing the right financing package, from the right lenders at the lowest rates for private and business second-hand vehicle buyers. Buying second-hand can be a smart way to secure a quality vehicle at a much lower price than the equivalent new. But any savings to be made on the purchase price can quickly be reduced if the used car finance is not at the lowest rates possible.
With Jade Finance sourcing the funding, second-hand and classic auto buyers can be assured that the best rates will be secured. With our one-to-one approach, we work with our lenders directly, to negotiate financing specific to that unique vehicle and to meet our customer’s objectives.
The second-hand market can be robust with strong competition from buyers to capture the best value deals. Our fast financing service supports buyers to be quick to source their credit, be first to shake on a deal with a dealer, be across PPSR and other issues with private sellers and be confident to bid online and at auction.
Capitalise on the great value offered by buying second-hand – contact us now to get the best value, lowest rate funding.
Financing second-hand, vintage, classic and collectible autos requires individual attention to the details. The details of the auto and the details of the buyer. Second-hand vehicles each have distinct features and condition which affect the financing - age, mileage, engine and bodywork condition. These aspects can affect the type of loan required, the amount approved for the loan to buy the vehicle, the interest rate and the amount of time approved to repay the funding – the loan term.
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Buyers in this market have varying needs and objectives to be considered. Whether the vehicle is a workhorse and buyers need workable repayments or a classic car buyer looking for the value to appreciate for future resale. Individual and family buyers looking to balance their budget with the cheapest repayments on their value priced vehicle.
We cater to the needs of all buyers and all vehicles with a complete selection of loan types. The major factor with which loan type is most suitable – will a lender accept the vehicle as suitable security for financing. This determines whether secured or unsecured financing is the right option.
For private buyers of both classic and daily drive vehicles, the options are a Secured Car Loan or an Unsecured Personal Loan. Rates are higher on loans that do not have the vehicle as collateral – unsecured options but the conditions and terms can be flexible. Give us a quick call before buying to confirm which option will suit your vehicle.
The majority of business buyers will be seeking to optimise the pricing of second-hand work vehicles with low rates, workable repayments and tax benefits. Lenders will generally accept quality second-hand business vehicles as security for Chattel Mortgage, Leasing or Commercial Hire Purchase for ABN holders. The rates and conditions of second-hand compared with new car financing can be different.
For all buyers, our one-to-one approach to the vehicle, you the buyer and in our negotiations with our lenders, ensures the best rates and most flexible package is secured. Know your specific options before committing to a second-hand vehicle purchase by contacting us for your best rate first.
Our guides offer quick comparisons and simple explainers to help you cruise through the financing process with confidence.
Knowing the basics of second-hand vehicle credit and the differences from new vehicle loans can assist buyers to more quickly achieve the best outcome. Unlike new models which are essentially all the same, second-hand and especially classic vehicles, each has its own unique features and characteristics. Varying age, mileage, engine and bodywork condition – unique features which affect the financing.
Additional aspects to consider, and we can help you with, include: checking if any money is owed on the vehicle through the PPSR; verifying ownership REVS with private and online buys; transfer of registration; and different insurance options.
The amount you can borrow may be determined by the lender’s value assessment of the vehicle. The value is assessed against the purchase price, the loan amount includes total interest to determine approval of loan amounts. Limits may be placed on how much will be approved. Buyers may need to be prepared to make a down payment to reduce the amount they need to borrow.
With interest rates, lenders will typically advertise their best rates for new goods. So the rates may be different for used vehicles. But rates are primarily assessed on the ability of the borrower to repay the loan – their earnings capacity and their credit history.
Borrowers with good credit history are typically offered the best rates and the best terms. Poor credit score applicants can be offered a higher rate. Maintaining a good credit history and score can be vital when seeking affordable second hand vehicle financing.
The term – the amount of time approved to repay the loan, can significantly affect the repayments and comes into consideration with used car finance. The rate, term and loan amount together determine the monthly repayment. Use our calculator to see how this all works to determine repayments for the vehicle you are considering. We look at getting the best possible for all these inclusions to deliver affordable financing options for our buyers.
With secured financing options, lenders require buyers to have comprehensive motor vehicle insurance coverage and we may assist in sourcing the most affordable policy. With so many variations in second hand vehicle financing, why take chances? Use our expert services and be confident that your best interests have been addressed and the best financing option secured.
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THE COMPARISON RATE IS CALCULATED ON A SECURED LOAN OF $30,000 FIXED FOR A TERM OF 5 YEARS, EFFECTIVE 21/02/2026 AND SUBJECT TO CHANGE. WARNING: THE COMPARISON RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT COMPARISON RATE.
The payment of a deposit to get approved for second hand vehicle financing is dependent on lender approval of the total funding requested.
Online calculators only provide estimates and do not include lender fees or make allowance for the specific vehicle or the credit history of the user. These aspects can result in a different interest rate offer and a different outcome to the one obtained with the calculator.
Yes. Secured and unsecured lending products can be used to fund the purchase of collectible classic vehicles.
The same lending products – secured and unsecured, apply to both new and second hand vehicles. But the rates, terms and conditions can vary for new and second hand vehicles.
Yes. Where Chattel Mortgage is selected to fund a second hand vehicle for a business, a balloon is an optional feature.
Loan terms are subject to individual lender approval criteria. Terms of up to 7 years may be approved for some buyers of some vehicles.
Secured vehicle funding uses the vehicle as the collateral for the credit. An unsecured product does not use the vehicle as collateral but may require collateral through other assets.
Where any vehicle is purchased with credit with the vehicle as collateral, lenders will require a comprehensive insurance policy to be obtained.
Including the full purchase price of a second hand vehicle in the financing total is subject to lender approval. It can be possible depending on the condition and value of the vehicle and the credit history of the applicant.
Yes. Online buyers can finance vehicles with secured or unsecured lending products.
Yes. Pre-approved second hand vehicle finance can be secured to purchase vehicles at auction.
Businesses purchasing second hand vehicles can select from Lease, Chattel Mortgage and Commercial Hire Purchase.
The interest rate on second hand vehicle finance can differ from new car loan rates. The rate is determined by the lender, taking into account the credit history of the applicant and aspects of the specific vehicle.
Classic cars can be purchased with Secured Car Loans or Unsecured Personal Loans.
Where a second-hand vehicle is deemed acceptable loan security by a lender, buyers may finance with a Secured Car Loan. Where not deemed acceptable, an Unsecured Personal Loan can be applied for.
