USED CAR FINANCE

Finance Ezi has one of the lowest used car loan rates available in the Australian market, with new car finance rates from 5.99 at a comparison rate of 6.66%. Please note: The comparison rate shown is for a secure loan amount of $30,000 over a loan term of 5 years based on monthly repayments. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Approval is subject to customer profile and lender guidelines. 

Looking for a used car loan at a competitive rate? Look no further! Finance Ezi offers an exceptional rate of 5.99%, significantly lower than the Australian average of 12.08% and undercutting many competitors. While rates like NRMA’s range from 7.29% to 7.79%, and loans.com.au’s rate stands at 7.74%, Finance Ezi provides a more affordable option. Keep in mind that car loans compare on individual circumstances, but with Finance Ezi, you’re starting on a strong footing in the car finance market. Act now for a rate that fits your budget! 

We value your time. Our application process is streamlined for efficiency, typically taking less than 30 seconds to complete the online form. Plus, with rapid assessment protocols, we aim to respond to most applications within 24 hours, provided all necessary information is submitted.

Finance Ezi offers a versatile range of used car loan options to cater to different financial needs and circumstances, all subject to their lending approval criteria. Here’s a reimagined overview of their offerings:

Personal Unsecured Loans: Ideal for borrowers who prefer not to use assets as collateral. A personal loan offers flexibility but might come with slightly higher interest rates due to the increased risk to the lender.

Secured Car Loans with Extended Terms: Offering up to 84 months of repayment terms, these loans require your new car as collateral, usually resulting in more favourable interest rates.

Chattel Mortgage: This is a popular choice for business clients. It involves the lender holding a ‘mortgage’ over the vehicle while you make payments, offering potential tax benefits under certain conditions.

Fully Maintained and Novated Leases: A novated lease is a three-way agreement between you, your employer, and the finance company, often resulting in tax benefits. Fully maintained leases include expenses like servicing and insurance in the lease payments.

Commercial Motor Finance for Low Doc/No Doc Clients: Tailored for business clients with limited documentation, these finance options provide solutions for commercial vehicle purchases without requiring extensive paperwork.

Salary Sacrifice Schemes: Involve making car loan repayments from your pre-tax salary, potentially reducing your taxable income.

In addition to these loan types, Finance Ezi also offers a range of add-on options to enhance your used car loan package, subject to lender approval.

These extras include:

Car Insurance: Essential protection for your new vehicle.

Mechanical Breakdown Warranties: Coverage for mechanical issues, providing peace of mind.

Credit Protection for Unemployment: A safeguard against loan repayments in case of job loss.

Disability and/or Death Insurance: Financial protection for unforeseen personal circumstances.

Shortfall Cover (GAP Insurance): This covers the difference between the insurance payout and the remaining loan balance if your car is written off.

Our car loan specialists at Finance Ezi will guide you through all available car loan options and protections to tailor a car loan package that best suits your needs and circumstances upon approval.

Absolutely! At Finance Ezi, we offer competitive financing options for used cars. Our goal is to help you find a reliable vehicle that fits your budget, whether it’s brand new or has a bit of history.

Your used car loan repayments with Finance Ezi depend on several factors, including the loan amount, interest rate, and term length. Our user-friendly online car loan calculator helps you estimate your monthly repayments. Simply enter the loan amount, interest rate, and term to get an instant estimate. Remember, the final repayment amount may vary based on your individual circumstances and the specifics of the loan package you choose.

Yes, at Finance Ezi, we understand the importance of budgeting and financial planning. That’s why we offer fixed rate loans, providing you with the stability and predictability of consistent repayment amounts throughout the loan term. This lets you easily manage your finances, knowing your repayment amount won’t change due to interest rate fluctuations.

Our used car loan offerings start at a minimum of $8,000, ensuring we cater to a wide range of financial needs and vehicle preferences. Whether you’re looking for a compact car or a more luxurious option, our finance solutions are designed to meet your requirements. Contact us for more information on minimum loan amounts and how we can assist you in financing your used car purchase.

Applying for a used car loan with Finance Ezi is straightforward and convenient. Start by completing our simple online application form, which takes less than 30 seconds to fill out. Once submitted, our team will review your application and contact you to discuss the next steps. We strive to make the process seamless and stress-free, ensuring you get the financial support you need to purchase your used car.

At Finance Ezi, we understand that choosing between a new or used car loan involves considering various financial factors. Generally, used car loans may have higher interest rates due to the perceived higher risk associated with used vehicles. However, the lower initial cost of a used car can often offset the higher rates, potentially making a used car loan more cost-effective over time.

On the other hand, while new car loans offer lower interest rates, the higher purchase price and rapid depreciation of new cars can increase the overall cost. Additionally, the larger loan amount for a new car can lead to higher total interest payments over the life of the loan.

In conclusion, the choice between new and used car financing should be based on your personal financial situation, the total cost of ownership, and the specific terms of the loan. At Finance Ezi, we’re committed to helping you find the most suitable and cost-effective financing option for your needs, whether you’re buying a new or used car.