Ford vs. Holden. Gumtree Cars settles the nationwide debate

By Rhianna Dews ·
Advertiser disclosure

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

Search promoted car loans below or do a full Mozo database search. Advertiser disclosure.
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    Secured Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    4.74% p.a.to 16.01% p.a.
    5.01% p.a.to 16.31% 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 $63,000. Easy online application, receive a response in minutes and approved funds within 24-48 hours!

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    Details
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    Car Loan

    Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    5.35% p.a.
    5.65% p.a.based on $30,000
    over 5 years

    Available for all New and Used cars. 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.

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    Details
  • placeholder
    Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    4.89% p.a.to 8.89% p.a.
    5.44% p.a.to 9.46% 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.

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    Details
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    Car Loan - Excellent Credit

    Fixed, Unsecured

    Interest rate
    comparison rate
    Monthly repayment
    5.95% p.a.to 19.99% p.a.
    5.95% 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.

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    Details
  • placeholder
    Car Loan

    Up to 5 years old, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    4.89% p.a.
    5.53% p.a.based on $30,000
    over 5 years

    Purchase or refinance a new or used vehicle, up to five years old. Choose a loan term from one to seven years. To be eligible you must be over 18, receiving a regular income and an Australian resident.

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    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!

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