Easily Compare Personal Secured Car Loan Options and Rates from Across the Lender Market

The Personal Secured Car Loan will be the loan type suited for most buyers of new cars and some used cars for private use. This type of financing features a standard secured credit format which is universal across the motor vehicle lending sector. But what is not universal across the market is the interest rates offered on this type of credit. Refer to our lender rate comparison table, enter the amount you want for your loan and see the estimated repayment amount to use as a guide to what could be available to you with this type of vehicle credit. For a quote at the lowest rates based on your individual profile, request a quote now and be on your way to that new vehicle purchase.

Securing the cheapest personal car loan options can be confusing and time consuming. Make the process simple, fast and streamlined – contact Easy Car Finance.

With so many lenders offering personal vehicle financing – banks, finance companies, brokers, motor dealers, sourcing credit can be a confusing experience for buyers. We reduce the confusion and make the process of sourcing the cheapest and most suitable options simple and easy.

Our easily accessed service is specifically designed to assist buyers to find the cheapest quotes that suit their credit profile, application details and car being purchased from across the extensive lender market – quickly and with one contact to us. Simply submit your details and allow us to find you the cheapest vehicle credit quote.

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*The comparison rate shown is calculated based on a $30,000 loan for a 5 year term. The results derived using this calculator should be utilised for indicative purposes only. The repayments calculated are based on the advertised interest rates and do not include the charges and fees applicable by lenders. The results shown do not in any way represent a pre-approval or re-qualification for finance, they do not represent a finance quote. The exact details pertaining to your finance will be provided in any loan contract or offer. It is advised that those seeking loan quotes contact us directly so tailored advice can be provided.
Woman inside her car.

Secured Personal Car Finance: Details and Features

This is the most commonly used form of credit for individuals financing vehicles for their private use. Suitable for all types of buyers, including those purchasing their first vehicle, this credit product can be used for all types of new cars and many used cars. Hatchbacks, sedans, SUVs, cab chassis, wagons, EVs, hybrids, PHEV, from budget through to high-end luxury models can all be financed with this highly versatile credit option.

  • Fixed cheap Secured Car Loan interest rates.
  • Fixed terms, Fixed repayments.
  • Secured Car Loans for new and used cars.

The standard and universally accepted format is extremely straightforward and easy for most applicants to understand. The vehicle is accepted as the main security against the funding and the credit is repaid in equal monthly repayments over a fixed credit term. Lenders register their interest in the vehicle with the PPSR – the Personal Property Securities Register. When all the repayments are made, the lender releases that security.

Where a second-hand vehicle is not considered as suitable security, buyers can contact us for other options such as an Unsecured Personal Loan.

Subject to the lender’s assessment of the application, many buyers will not need to provide additional collateral to secure their loan. When the credit is settled, the buyer takes ownership of the vehicle and is responsible for all the running costs. Comprehensive insurance is required with this type of funding.

We source this type of credit with a highly competitive fixed interest rate. The rate does not change over the full period of the credit. The term is also fixed so together with the fixed interest rate, the monthly repayment amount is also fixed. None of these fixed elements change over the entire credit term.

Additional payments are permitted if desired. If extra payments are made, the loan would be finalised early and minimal break fees would apply. Request a quote to see the low rates and low repayments we can source so you are one step closer to your new car.

Family traveling.

How to Easily Apply for Secured Car Loan

Personal vehicle finance is a consumer credit product with application requirements governed by ASIC under Australian Consumer Credit Law. All lenders, including Easy, that provide this type of credit must abide by the Responsible Credit Lender Guidelines.

  • Applicants must be over 18 years of age.
  • Details of employment, residential, income, assets and liabilities required.
  • Upload your details for quick quotes sourced from vast lender base.

Woman smiling while travel.

Easily Request a Secured Car Loan Quote & Apply Now!

Easy Car Finance sources the cheapest quotes from across a large number of banks and lenders. A quote that is matched precisely to the profile of the applicant and the vehicle.

  • No deposit finance option – the full purchase price including accessories may be included in the loan amount. Subject to lender approval.
  • Pre-approved car loans – loan approval granted prior to the purchase of a specific vehicle. Offers valid for a time period with no obligations if not activated.
  • First-car buyer loans – our team will explain all the details.
  • New driver car loans – regardless of when you qualify for your licence we can assist with quotes to purchase your drive.
  • Loans for the family car and budget models as well as luxury and high-end vehicles.
  • EV and hybrid loans – across all makes, models and price ranges.

Frequently Asked Questions
Easy Car Finance

Will I need extra collateral for a Secured Car Loan? FAQ Arrow

Security requirements are subject to lender approval. Many applicants will not need to provide additional collateral to secure vehicle financing.

Will my Secured Car Loan repayments change over the loan term? FAQ Arrow

Where vehicle credit is sourced with a fixed interest rate and over a fixed term, the repayments will not change over the credit term.

Is the interest rate on a Secured Car Loan fixed or variable? FAQ Arrow

Most lenders provide secured vehicle financing at a fixed interest rate.

How old do you need to be to apply for a Secured Car Loan? FAQ Arrow

Under Australian Consumer Credit Laws applicants for credit must be over the age of 18 years.

Why is my Secured Car Loan quote different from the repayment shown on the calculator? FAQ Arrow

A finance calculator does not differentiate between the credit profiles of the people using the device. The calculator also does not include the fees charged by lenders to establish finance. Quotes can be different from calculator results.

Are Secured Car Loans available for electric vehicles? FAQ Arrow

Yes. All types of vehicles including EVs, hybrids, battery electric, petrol and diesel can be financed with secured credit products.

What happens if I sell the car before the end of the Secured Car Loan term? FAQ Arrow

If a vehicle is sold before the end of the loan term, the borrower must pay the outstanding amounts owed to the lender in full. Fees apply for finalising the credit prior to the end of the fixed term.

Do I need to insure the car if I purchase with a Secured Car Loan? FAQ Arrow

Yes. Lenders require vehicles purchased with secured loans to take out a comprehensive insurance policy.

What are break fees? FAQ Arrow

Break fees are fees charged by lenders when a borrower opts to finalise a loan before the scheduled end of the credit term. These fees are considered minimal.

Can I borrow the entire car price on a Secured Car Loan? FAQ Arrow

The total loan amount is subject to lender approval. Many applicants can be approved for no deposit financing.