secured car loans

Secured Car Loans

Thinking of buying a new car? With a secured car loan you can borrow against the asset and get a lower interest rate in return. Check out some of the current secured car loan offers the market in the table below.

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How can I find the best secured car loan?

With Mozo’s handy comparison table below, finding a great secured car loan to fund your next set of wheels is a breeze. Simply plug how much you want to borrow and the period you want to borrow it over in the fields below and hit ‘Calculate repayments’.
From there you’ll be able to compare a range of secured car loan deals on a number based on a number of features including the interest rate, comparison rate and the monthly repayment you can expect to make. And if you’d like more information on fees and repayment options, simply hit the ‘details’ button.

What’s the difference between an unsecured and secured car loan?

Car loans aren’t all alike, and it’s worth knowing the difference because it could save you money. Unsecured loans tend to come with higher interest rates because the loan isn’t secured against an asset, while secured car loans often have more competitive rates because they’re secured against the vehicle you’re purchasing or other asset like your property.   
That means if you are in a position to take out a secured car loan to purchase your vehicle, you could end up saving money in the long run!

How do I apply for a secured car loan?

Found the right loan for you among the offers below? Well not only is it fast to apply for a secured car loan online, it’s easy too. Simply click on the blue ‘Go to site’ button next to your loan of choice and you’ll be redirected to the provider’s website in seconds. This works whether you're looking for a new car loan or a used car loan.
Just remember that you may need a few bits of information to complete a secured car loan application including personal, income and other financial details.

Secured car loan comparisons on Mozo - last updated 9 March 2021

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

    Including Demo, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    4.67% p.a.
    5.22% p.a.based on $30,000
    over 5 years

    Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 4.67% would cost $34,096.76 including fees.

    Low fixed car loan rate for purchasing new and demo vehicles from dealers. There is no monthly or ongoing fees and early payout options available. Winner of Mozo's Experts Choice Car Loan 2021 award^.

    Compare
    Go to site
    Details
  • No Fee Secured Personal Loan

    Interest rate
    comparison rate
    Monthly repayment
    4.45% p.a.to 15.45% p.a.
    4.45% p.a.to 15.45% p.a.based on $30,000
    over 5 years

    Terms from 2 to 7 years. Representative example: a 5 year $30,000 loan at 4.45% would cost $33,516.53 including fees.

    Pay zero fees on loans up to $100,000 with NOW Finance. With no establishment fee, ongoing fees or early payout fee. What’s more, get your personalised interest rate in two minutes with no impact on your credit score!

    Compare
    Go to site
    Details
  • Car Loan

    Under 3 years old, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    6.99% p.a.
    8.10% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 6.99% would cost $36,528.67 including fees.

    A car loan with flexible loan repayment structure, choose between a weekly, fortnightly or monthly repayment schedule. Rates start from 6.99%. however to receive minimum rate applicants must be homeowners or have a mortgage, have an excellent credit rating and be a new Personal Loan customer.

    Compare
    Go to site
    Details
  • Refinance Car Loan

    Fixed, up to 7 years old

    Interest rate
    comparison rate
    Monthly repayment
    5.29% p.a.to 9.99% p.a.
    5.84% p.a.to 10.56% p.a.based on $30,000
    over 5 years

    Terms from 3 to 7 years. Representative example: a 5 year $30,000 loan at 5.29% would cost $34,606.89 including fees.

    Low rate car loans from 4.69% p.a. (comparison rate 6.03% p.a.) for up to $100,000 for new and used cars. Flexible loan terms from 3, 5 or 7 years.

    Compare
    Details
  • Secured Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    5.19% p.a.to 18.95% p.a.
    5.46% p.a.to 19.26% p.a.based on $30,000
    over 5 years

    Terms from 3 to 7 years. Representative example: a 5 year $30,000 loan at 5.19% would cost $34,320.13 including fees.

    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!

    Compare
    Go to site
    Details
  • Car Loan - Excellent Credit

    Fixed, Unsecured

    Interest rate
    comparison rate
    Monthly repayment
    6.99% p.a.to 17.49% p.a.
    6.99% p.a.to 21.03% p.a.based on $10,000
    over 3 years

    Terms from 2 to 3 years. Representative example: a 3 year $10,000 loan at 6.99% would cost $11,450.06 including fees.

    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.

    Compare
    Go to site
    Details
  • Clean Green Car Loan

    New, Fixed, Secured

    Interest rate
    comparison rate
    Monthly repayment
    3.97% p.a.
    4.51% p.a.based on $30,000
    over 5 years

    Terms from 3 to 5 years. Representative example: a 5 year $30,000 loan at 3.97% would cost $33,525.38 including fees.

    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^.

    Compare
    Go to site
    Details
  • Mozo Experts Choice 2020
    Secured Car Loan

    Fixed

    Interest rate
    comparison rate
    Monthly repayment
    6.79% p.a.
    7.16% p.a.based on $30,000
    over 5 years

    Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 6.79% would cost $35,729.09 including fees.

    Reach your goal sooner without being penalised with $0 early payout fee. $0 monthly fees. Choose to make either monthly, fortnightly or weekly repayments to suit your income and budget. Winners of Australia's Best Large Credit Union in 2020.

    Compare
    Go to site
    Details
  • 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

    Terms from 3 to 7 years. Representative example: a 5 year $30,000 loan at 4.89% would cost $34,276.58 including fees.

    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.

    Compare
    Go to site
    Details

^See information about the Mozo Experts Choice Car loans Awards

*WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

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Car Loan Reviews

Bendigo Bank Secured Personal Loan review
Overall 10/10
Excellent Service & Value

We love the Bendigo Bank, our purchase of a new vehicle was made extremely easy to select with a rate of almost 5% less the the car dealership it was a no brainer

Read full review

We love the Bendigo Bank, our purchase of a new vehicle was made extremely easy to select with a rate of almost 5% less the the car dealership it was a no brainer

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Garry, Queensland, reviewed 10 days ago
Toyota Finance Car Loan review
Overall 1/10
The most purposefully inept company around

I have dealt with this company for the past year and they have repeatedly ignored my emails, invoiced incorrect amount and also attempted zero assistance when I have asked for anything. They write invoices at the skill of a child first learning how to use a computer. Ignore emails for weeks then offer no means of solutions. Contacting them is just a repetitive circle of absolutely no help whatsoever. I registered a complaint that they ignored and just routed me back to the original person I was complaining about that refuses to provide me with any assistance. They request thousands of dollars with no form of receipt or acknowledgement of payment. I have seen scam companies operate better.

Read full review

I have dealt with this company for the past year and they have repeatedly ignored my emails, invoiced incorrect amount and also attempted zero assistance when I have asked for anything. They write invoices at the skill of a child first learning how to use a computer. Ignore emails for weeks then offer no means of solutions. Contacting them is just a repetitive circle of absolutely no help whatsoever. I registered a complaint that they ignored and just routed me back to the original person I was complaining about that refuses to provide me with any assistance. They request thousands of dollars with no form of receipt or acknowledgement of payment. I have seen scam companies operate better.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Paul, Queensland, reviewed 13 days ago
Coles Car Loan review
Overall 1/10
Never experienced before ... most pathetic service

Rude customer care... racist

Read full review

Rude customer care... racist

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Sabin, New South Wales, reviewed 27 days ago

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