FAQs

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.