Ford vs. Holden. Gumtree Cars settles the nationwide debate
The nationwide debate that's divided Aussies for generations has finally been settled. Ford versus Holden? Well, according to data from Gumtree Cars, neither!
The model that took first place on Gumtree Cars' official list of the top 10 most wanted secondhand cars by Aussies was none other than the Mazda 3. However, since five of the top ten cars were Toyota's, the real question now is, Mazda or Toyota?
Gumtree's data also found that when it comes to picking out a used car, 86% of Aussies tend to go for reliability, 48% for comfort, while the deciding factor for 29% of Aussies is based on the car’s looks.
But the most important factors to Aussies when buying a car are the sale price (25%), fuel efficiency (23%), engine size and performance (14%), followed by its reputation (12%), look and style (8%) and resale value (6%).
With cost being the biggest car-shopping concern for a quarter of Aussies, if you’re looking to buy a used car, then you might be wondering how you’re going to pay for it. While a secondhand car is usually cheaper than buying brand new, paying for the total cost upfront might not be an option for you.
One way to cover the cost of the car would be to take out a used car loan. Just like you might take out a personal loan to buy a brand new car, a used car loan is specifically designed to cover the cost of a secondhand car purchase.
Most used car loans have set eligibility criteria, like age restrictions which usually require that the car is at least 2-years of age or more. So double-check that the car you’re planning to buy meets any criteria before applying for the loan.
To get you started here are some ripper used car loan deals to help cover the cost!
Compare used car loans - rates updated daily
Used Car Loan
Dealer Only, Up to 5 years old, Fixed, SecuredInterest ratecomparison rateMonthly repayment4.99% p.a.5.53% p.a.based on $30,000
over 5 years
Used Car Loan with no monthly or ongoing fees, with a fixed rate for the life of the loan. Fast online application.Details
Read our Mozo Review to learn more about the loans.com.au Used Car Loan
FixedInterest ratecomparison rateMonthly repayment4.89% p.a.to 9.99% p.a.5.44% p.a.to 10.56% p.a.based on $30,000
over 5 years
Enjoy competitively low rate car loans from 4.89% (comparison rate 5.44% p.a.) between $10,000 and $100,000 for new, demo and used vehicles. Take advantage of flexible 3, 5 or 7 year loan terms. No early repayment or exit fees. You must be 21 years or over to qualify and earn above $35,000.Details
Read our Mozo Review to learn more about the Plenti Car Loan
Car Loan - Excellent Credit
Fixed, UnsecuredInterest ratecomparison rateMonthly repayment5.95% p.a.to 19.99% p.a.6.79% p.a.to 21.0% p.a.based on $10,000
over 3 years
Be rewarded for your good credit history with low rates. Plus there are no ongoing fees and you can pay off your loan with no early repayment penalties. Simply apply online and get a quote in minutes.Details
Read our Mozo Review to learn more about the SocietyOne Car Loan - Excellent Credit
Fixed, SecuredInterest ratecomparison rateMonthly repayment5.35% p.a.5.65% p.a.based on $30,000
over 5 years
Available for all New and Used cars up to 7 years. A quick and easy, 100% online application with loans up to $75,000. No printing. No paper. No fuss. No monthly account keeping fees, no exit fees and no early repayment fees.Details
Read our Mozo Review to learn more about the OurMoneyMarket Car Loan
Low Rate Car Loan Special Offer
Fixed, SecuredInterest ratecomparison rateMonthly repayment4.69% p.a.5.01% p.a.based on $30,000
over 5 years
Beyond Bank’s Car Loan offers super low rates with no ongoing service fee, and flexible features to help you save over the term of your loan. Winner of Mozo’s Experts Choice Car Loan 2021 Award.Details
Read our Mozo Review to learn more about the Beyond Bank Low Rate Car Loan Special Offer
Make sure you hit up our car loans hub for all the latest car loan news, plus tonnes of tips to help you when buying a new set of wheels!
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