Finance options for second hand cars, private sales and more across Australia
Used Car Loans Australia
Buying a used car does not mean you need to pay upfront in full. At Lyft Money, we make used car finance simple, fast and flexible, whether you are purchasing from a dealership, private seller or online marketplace like Facebook, Gumtree or CarsOnline.
5-Star Google Reviews
Satisfied Customers
Million In Funds Delivered
Business Vehicle Finance Benefits
At Lyft Money, we make it simple for Australian businesses to purchase the vehicles they need without impacting cash flow. Whether you’re a sole trader or managing a team, we tailor funding to your business and budget.
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Suitable for cars, vans, utes, and fleets
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ABN-only, full-doc, and low-doc options
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Fast approvals and minimal paperwork
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Choose from chattel mortgage, lease, or hire purchase
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Finance vehicles new or used from dealer or private seller
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Tax-deductible interest and depreciation (consult your accountant)
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Finance up to 100% of the purchase price
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Tailored terms from 1 to 7 years
Finance a Car from Facebook Marketplace, Gumtree or CarsOnline
Did you know you can get car finance even when buying privately? You are not limited to dealerships.
Lyft Money specialises in used car loans for private sales, making it easier to buy from platforms like:
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Facebook Marketplace
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Gumtree
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CarsOnline
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CarSwap
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Private sellers across Australia
We will handle the background checks, paperwork and payments directly so your purchase is protected and your finance is secure.
Our Services
Used Car Loan Options to Suit You
What, When, Who?
What Are the Current Used Car Loan Rates?
Interest rates for used car loans vary depending on your credit profile, loan term and vehicle age. At Lyft Money, we help you compare and secure the best used car loan rates for your situation so you know exactly what to expect.
We also offer:
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Pre approvals with no pressure to commit
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No hidden fees
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Flexible repayment terms to suit your budget
How Much Can I Borrow?
Not sure what your budget can get you? At Lyft Money, we make it easy to find out. Simply request a no obligation quote and we’ll show you what finance options are available based on your needs and situation. Whether you are looking at a seven thousand dollar hatchback or a twenty five thousand dollar SUV, we will match you with a solution that fits your goals.
How do I safely buy a used car with finance from a private seller?
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Verify the vehicle's ownership and check for existing finance
A PPSR check (Personal Property Securities Register) confirms if the car is under finance, stolen, or written off.
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Confirm the seller's identity
Ensure the name on the registration matches their driver’s licence to avoid fraud.
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Only release funds after proper documentation is signed
Your finance provider will request a signed sale agreement or invoice before releasing funds to the seller.
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Complete the transfer of ownership through your state authority
After payment, register the vehicle in your name through your local road authority (such as Service NSW, VicRoads or TMR QLD).
Our Service
Get a no obligation quote on used car finance today – fast, flexible and tailored to your needs.
Contact Us
Ready to Get Started?
Apply in minutes – no upfront costs, no obligation, and no impact on your credit score. Just straight-up support, when you need it
Drive with Confidence — Ask Us About Used Car Warranties
Buying second-hand doesn’t mean driving unprotected. At Lyft Money, we’ve partnered with AWN (Australian Warranty Network) – Australia’s leading motor vehicle warranty provider for six years running – to give our clients extra peace of mind when purchasing a used vehicle.
Whether you’re buying from Facebook Marketplace, Gumtree, or a private seller, mechanical issues can pop up unexpectedly. That’s where AWN’s extended warranty protection comes in.
Why Choose an AWN Warranty with Your Used Car Loan?
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No Excess on approved warranty claims
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24/7 Roadside Assistance available
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Flexible Payment Options – choose from 10 or 24-month payment plans
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Approved Repairers Australia-Wide
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Warranty Available for Cars & Caravans
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Australian-Based Support through a locally owned call centre
Proven Track Record
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30+ years in the industry
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Over $182 million paid in claims
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4.7-star rating from 1,300+ client reviews
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#1 Warranty Provider in Australia – 6 years in a row!
Want More Info?
We’ll walk you through your options when discussing your used vehicle loan. You can also check out the AWN Product Review link here and download the official Product Disclosure Statements (PDS) for full terms and conditions.
Ask Us Today
Chat with the Lyft Money team about adding a warranty to your used vehicle finance. It’s one of the smartest ways to protect your investment — especially when buying privately.
Testimonials
what people say about us
Jane Sonata
Travis Baker
Logan Diggs
Kate Morrison
Frequently asked questions
Find answers to commonly asked questions. If you still need help, feel free to contact us by clicking the blue button below.
1. Can I finance a used vehicle, or is finance only for new cars?
Yes, you can finance both new and used vehicles in Australia.
- Most lenders set age limits, meaning the vehicle must not be older than 12–20 years by the end of the loan term.
- In addition, we also work with lenders who have no age restrictions, which is helpful if you’re purchasing a classic car, an older truck, or specialised equipment.
- Used car loans may carry slightly higher rates than new cars, but financing utes, trucks, and second-hand vehicles is very common.
2. Can I pay off my loan early?
Often yes, but some lenders charge early payout fees.
- We’ll find you a product that suits your future plans.
- Example: Some loans allow unlimited extra repayments without penalty.
3. Are car loan rates fixed or variable?
Most car loans in Australia are fixed.
- This makes budgeting easier.
- Variable exists but is less common for cars.
4. Do I own the car if it’s financed?
Yes, you own it from day one.
- The lender just registers an interest until the loan is paid.
5. What happens at the end of my loan term?
With no balloon—you own the car outright.
- With a balloon—you pay, refinance, or sell the car to cover it.
6. Can I sell or trade in my car before paying it off?
Yes, you can — but the loan must be settled first.
- If you trade in with a dealer, they’ll usually handle the payout directly with your lender as part of the transaction.
- If you sell privately, the buyer can arrange finance to cover the payout letter and finalise your loan.
- Alternatively, if the buyer pays cash, they can clear the payout with your lender, and any surplus above the loan balance is paid directly to you.
7. What if my financed car is written off or stolen?
Insurance pays out first to clear your loan.
- GAP insurance covers any shortfall if the payout is less than what you owe.
8. What’s a balloon payment?
A lump sum due at the end of the loan to keep repayments lower.
- Example: $50,000 truck with 20% balloon = $10,000 due at term’s end.
- Works well if you plan to trade in or upgrade later.
9. Will applying hurt my credit score?
No, checking rates is usually a “soft check.”
- Only when you proceed with a specific lender is a “hard check” done, which can affect your score.
- This means you can shop around safely.