Easy Way for Used Car Loans
The second-hand car market is always particularly strong and offers buyers plenty of choices. Quality vehicles can be found at a lower price than the newest model. But the value of a used vehicle when purchased with finance, may lay in the finance.
Buying a used vehicle at what appears a great price but with a loan priced above what could be achieved, may not represent true value for money. But comparing used car loans may present some challenges.
- Interest rates advertised by banks and lenders are typically for new vehicles. Making quick comparisons difficult.
- Lenders consider the age and condition of used vehicles when assessing each application. The rate and the repayments may not be known until a quote is requested. Making the decision-making process by using the finance calculator results as a guide, difficult.
- Used car finance is offered through a range of lenders and motor dealers. The dealer finance may seem a convenient, time-saving option, but how does it compare to what could be achieved the Easy way?
The car may be on the radar of other buyers and a quick decision might be required to secure the deal. Leaving little time for extensive loan quote sourcing for comparisons.
Easy Tip: To be confident that the total outlay for the used vehicle you are considering does offer value, request a pre-approved finance quote prior to make a commitment to the seller.
Comparing Used Car Finance Rates and Options
For starters, we won’t hold you. We provide fast response to request for quotes. Sourcing the best offer quickly and efficiently from across multiple lenders. Once accepted we can arrange fast approvals and prompt settlements through lenders.
Used car buyers do not have to take shortcuts in order to compare used car loans. We’ll do that work for you. We offer quotes sourced from many lenders. The diligent work is done for your – quickly and easily.
As a guide and with the full understanding that the rate offered may be different, buyers can still use our finance calculator. It allows for comparisons of the selected lenders which may offer a handy guide to which lenders are currently offering the best interest rates.
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Used Car Loan Products – Private Buyers
For private buyers, that is buyers purchasing vehicles for personal use, the loan types are:-
- Secured Car Loan
- Unsecured Personal Loan
The decision will usually rest on whether or not the lender accepts the second hand vehicle as suitable security for the loan. Good quality used cars are regularly approved for secured loans, offering buyers to take advantage of cheaper interest rates.
In circumstances where the vehicle is not considered acceptable security, the buyer can consider the unsecured option. The interest rate is higher than for a secured loan and additional conditions may apply. But we will work to sourcing the cheapest option available to suit the requirements.
Buyers are welcome to contact us prior to purchasing a used car to discuss the finance options. Having this information may guide the buying decisions.
Used Car Loan Products – Business Buyers
Buyers purchasing used vehicles for use in their business can select the finance product that suits the structure, accounting methods and financial objectives:-
- Chattel Mortgage for Motor Vehicles
- Vehicle Leasing
- Commercial Hire Purchase for Motor Vehicles
Contact Easy Car Finance for Used Car Finance Quotes
- Up to 7 year finance terms
- Cheapest used car loan interest rates
- Comparisons with more lenders
- No deposit finance options
- Quick quotes, fast approvals
- Finance for dealer and private sales