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 - last updated 6 August 2022

Search promoted car loans below or do a full Mozo database search . Advertiser disclosure
  • New Car Loan - Special

    Home Owner Discount, Including Demo, Variable, Secured

    Interest rate
    comparison rate
    Monthly repayment
    4.74% p.a.
    5.29% p.a.based on $30,000
    over 5 years

    Low variable car loan rate for purchasing new and demo vehicles from dealers. Extra low rate for qualifying homeowners. Personalised loan amounts between $5,000 and $100,000. Flexible repayment options. Choose between the 3 to 5 year loan terms.

    Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 4.74% would cost $34,154.23 including fees.

    Details
  • Car Loan

    Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    6.25% p.a.
    6.87% 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.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.25% would cost $35,258.67 including fees.

    Details
  • Clean Green Car Loan

    New or Used, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    5.99% p.a.
    6.54% p.a.based on $30,000
    over 5 years

    No monthly or ongoing fees. Get a 0.70% discount on your car loan interest rate if you buy a qualifying green car. Winner of Mozo's Experts Choice Green Car Loan 2021 award^.

    Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 5.99% would cost $35,190.67 including fees.

    Details
  • Secured Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    6.34% p.a.to 13.99% p.a.
    7.18% p.a.to 12.87% p.a.based on $30,000
    over 5 years

    Low personalised rates, ideal for borrowers with excellent credit. No monthly account fees, no early payout fees, so you can pay off your loan sooner. Borrow between $5,000 and $79,000. Easy online application, receive a response in minutes and approved funds within 24-48 hours!

    Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 6.34% would cost $35,689.33 including fees.

    Details
  • Used Car Loan

    Dealer Only, Up to 5 years old, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    7.49% p.a.
    8.04% 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.

    Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 7.49% would cost $36,459.75 including fees.

    Details

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!

^See information about the Mozo Experts Choice Personal Loan Awards

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