Secured Car Loans. Better Terms When the Lender Has Security.

A secured car loan uses the car as collateral. The lender registers an interest against it, which lowers their exposure if repayments stop and is the reason secured lending generally costs less than unsecured for the same borrower.

That security interest sits on the Personal Property Securities Register (PPSR), the same register a title check pulls from whether or not finance is even part of the purchase.

With the lender holding security, secured loans are open to a wider spread of buyers and come with more room to move on term and balloon than an unsecured loan typically allows.

For a newer car especially, secured finance is usually the simplest route, because the lender is relying on the car rather than mainly on your profile.

It suits most ordinary vehicle purchases well, particularly a newer car from a dealer. It's less suited to older cars, unusual or modified vehicles, or anyone who'd rather not have a security interest sitting on the asset.

If the car falls outside a lender's security rules on age, condition or import history, an unsecured loan is typically the next option, judged on your credit profile rather than what you're buying.

We compare secured options against our lender panel based on the actual car you're financing, not a generic profile match.

Most secured applications receive a pre-approval decision the same day, and once approved, we look after the security registration and settlement.

Get pre-approved first, so your budget's locked in and you can act fast once you find the right car.

Run a PPSR check on any car before you buy it, private sales especially, to confirm there is nothing already owing against it. Think through whether a balloon actually suits your plans before you sign up for one.