Can I Get Finance for a Private Sale?

If you plan to buy a car from a private seller and you need financing, we have good news for you. Here at Loans Unlimited, we have lenders that can give finance for private sale vehicles. Used cars from private sellers are much cheaper than new ones, obviously. But the truth is you will still spend over $10,000 for a car that’s modern and reliable. Borrowers are advised to be a little patient when applying for private sale finance. Unlike with regular car loans that allow purchases through a car dealership, a private sale loan can take longer to gain approval due to the extra compliance checks.

Do I Need Comprehensive Insurance?

The short answer is yes. It is a legal requirement to have a car comprehensively insured when it’s under finance. By getting comprehensive insurance, you get the coverage you might need in case you damage the vehicle. Accidents can happen anytime, and if you don’t have the cash to cover the cost of fixing or buying a replacement, this insurance will help. Comprehensive insurance covers damage from a collision, whether it is minimal or beyond repair. It also gives you peace of mind if the car gets stolen or vandalised, as well as damage due to fire, flood, and other natural events.

What Type of Interest (Fixed or Variable) Does a Vehicle Loan Have?

All car loans offered are fixed-rate. This means that the interest rate will not change over the life of the loan. It is often more beneficial than a variable rate loan. Since the interest will remain the same until you pay off the entire loan, you know the exact amount you owe. Meanwhile, a variable interest rate loan may go up or down in interest, depending on the prime or index rate. The longer the term, the riskier it gets for the borrower. Fixed-rate interest financing is excellent if you want consistency. With rates having the highest tendency to increase these days, a fixed-rate loan is more fitting for borrowers.

What Documents Do I Need to Submit?

We make applications so much easier for you. Get pre-approved quickly by filling out the form on the website. There is no need to provide any documents at this point. After you have been conditionally approved, you will receive an email from us where we request more information and documents to verify the information you sent, including your name and address. Once we have matched you with a few lenders, we will request more details and documentation, such as financial statements, payslips, and a copy of the contract for the sale of the vehicle.

Why Do I Need Loans Unlimited if I Can Just Go to the Bank or Any Lender to Get a Car Loan?

The most significant advantage with Loans Unlimited is that you gain access to different lenders – not just one or two. You are not limited to the big banks and lending groups. When you opt for these firms, they will give you standard options and nothing more. In comparison, we work with several lenders that will not only grant you with attractive rates but a loan that truly meets your requirements. The most important thing to know about us is that we work for you and not for a specific lender or car dealership. Our goal is to help you choose the financing that suits your circumstances so that you can buy the car you want as stress-free as possible.

Are There Fees That I Should Be Aware of?

Some fees may be involved once you get approved of car financing. They include, but are not limited to, the following: Application fee Origination fee Financiers Security Registration fee If you plan to purchase a vehicle from a private seller and you want to get financing, you may also be subject to extra costs. These additional payments are typically in existence to cover the inspection and taking photos of the vehicle. The exact amount that you will have to pay can depend on a variety of factors, including the area where the inspection report will take place. Some of our lenders also charge establishment fees.

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* The comparison rate shown is for a secured loan amount of $30,000 over a term of 5 years based on monthly repayments. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Any calculations or estimations do not constitute an offer of credit or a formal credit quote and is only a calculation of what you may be able to achieve based on the information you have entered. It does not take into account suitable product features or loan product types. Rates + repayments shown are based on user inputted data. All applications for credit must be verified prior to the formal assessment process. All applications for credit approval are subject to lender credit approval. Approval is not guaranteed.

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Loans Unlimited - Car, Leisure & Commercial Finance

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Kian Christie

1743037205

Amazing team at loans unlimited, always felt looked after and prioritised when trying to get a loan, they made it as quick and easy as possible. Kris did an outstanding job handling everything I needed done and consistently kept me updated on its progress. 10/10 will recommend to others

Zoe Eastland

1742461557

Tyrone worked tirelessly for me for a simple car loan. As I am sure alot of other people find themselves in unattractive financial positions after a long term relationship, he was calm and compassionate and committed to doing his best to assist me.We got there in the end !!

Hiywote Lemma

1742440814

“Joshua, he’s amazing! He went above and beyond to help me through the car-buying process, making everything smooth and stress-free. His professionalism, dedication, and willingness to assist at every step made a huge difference. I got a great rate, and his advice was invaluable. If you’re looking for someone reliable and knowledgeable in finance, I highly recommend Joshua!”

Judy Losondo

1742362131

I unfortunately had a bad experience with a car dealer; however, Dee provided exceptional customer service. She was attentive, friendly, and went above and beyond to ensure all of my needs were met. Dee’s professionalism and dedication truly made a difference in my experience. Thank you for such outstanding service. I do appreciate it. God bless

William Bettridge

1742357190

I had jay helping with my application for car finance and could not be more pleased with the outcome. Jay was able to quickly get me approved well within my budget. Thanks again jay!

Ruma Davis

1742350738

Such amazing help! Quick and efficient and really informative. Jay was such a nice guy and was genuinely really helpful!! Thanks heaps !

Lachie B

1742348382

Daniela Commisso

1741924941

Highly recommend Elliott from Loan Unlimited for excellent service. He went above and beyond for me and my loan as well as being responsive and understanding to my needs. Cannot thank you enough!

Cameron Dungey

1741921025

I had a great experience with Joshua! He was incredibly helpful and insightful. As this is the first time I’ve ever taken out a loan I had plenty of questions but he help answer them quickly and went through everything throughly. If I was to seek another loan I would use Loans Unlimited again and would ask for Josh!

Dhanushka pradeep

1741611551

Big thanks to Josh for helping me with my finance. It was a hassle free and smooth process. I highly recommend loans unlimited for those who are looking for car loans.

oliver mazzotti

1741324781

Professional and Efficient 👍

Ryan Ciavatta

1741314162

Dealt with Tyron, sorted me out a loan in no time! Highly recommend! Thanks again

Jess Forsyth

1741311017

Matt Terry

1741310317

Thanks to Neil and Callan for my speedy approval on my 2020 Lexus, had me in the car in two days :)

Sonam Chophel

1741166937

Caillan and Kris are legend!!!Cheers mates.

Bethelinaaa Lapira

1740793228

kept telling customers that they’ll call back and update you about your loan application but never does, i tried to reach out to my broker just so im aware of what was happening but the broker would just say that she’ll call back before the day ends but honestly never does. You’re the one who has to call them multiple times just to have an update.

Jai Riley

1740462345

Was a good experience for myself. My partner did a lot of it, I’m not great with numbers or policies. I do know for a fact that Josh is great, very patient, supportive and informative. Would recommend him to anyone

Riley Crane

1740450483

Very helpful, made the process really efficient

Harmony Hukatai

1740042970

From the start Brooke has made this experience so easy. As this is the first time I have ever applied for any type of loan, she has been able to answer any questions I’ve had and has gone above to get the ball rolling super quick! Absolutely amazing, I can’t recommend her enough.Thanks heaps Brooke!

Eric Willcox

1740011529

Would highly recommend loans unlimited. Accessible and good communication which kept me updated all the way thanks to Jay.

jamie stevens

1739950966

Brooke made everything so easy and smooth with her first class professionalism Brooke had great communication and kept me up-to-date with absolutely everything. Thank you so much, Brooke.

Rich Saunders

1739876394

Had a positive experience when I used these guys. Great team

Jules

1739839273

I had the opportunity to work with Brooke, who was so helpful from start to end. She made me feel comfortable straight away, and was very understanding of the situation. Her professionalism, as well as care, was outstanding.

Lucas Allum

1739775415

Joshua was incredible to work with, easy to talk too & was clear with all that was needed doing. Highly recommend to anyone!

Mike Thornton

1739336565

Brooke was fantastic in her assistance in securing finance for my recent car purchase. Very professional, positive and enthusiastic throughout the whole process, and super fast at getting everything sorted. Highly recommend, thank you Brooke!

Kez K

1738909711

Joshua was absolutely amazing to work with. He was professional yet had a great way of connecting with people. He managed to ease our worries about certain elements of the process and provide guidance. His communication was top notch, with many updates to let us know what was going on. In the future should we find ourselves in need again he will be the first person we reach out to. Will highly recommend.

Jordan

1738819718

I recently went through Loans Unlimited for a new car! Kris was extremely helpful, answer all my questions and made the process easy to understand and quick! Definitely recommend

manroop sharma

1738740696

Excillent services provided by ebony .

Jennifer Watts

1738703500

Josh was absolutely fantastic, went above and beyond and exceeded our expectations. Communication was second to none, he kept us informed and updated every step of the way. His friendly personality felt like we were dealing with a friend that we had known for years. Thank you so much for your assistance, we couldn't have done it without you. Highly recommend 👌

Kristal Hilaire

1738641051

Thank you to Kris for sorting a really competitive loan for me, and so quickly. Great customer service, very efficient, and has so much knowledge. Kris' excellent communication with myself and the other party made the process so quick and streamlined, all from the comfort of being at home.Loved dealing with Loans Unlimited and would highly recommend them.

Daniel Jenkins

1738637632

I had an excellent experience working with Joshua. Their expertise, professionalism, and attention to detail made the entire process smooth and stress-free. They took the time to understand my needs, provided clear guidance, and always made themselves available for any questions. Thanks to their support, I feel much more confident in choosing Loans Unlimited. Highly recommend!

Reuben Williams

1738636630

I was working with jay and he found me the best deal on the market. He was super easy to talk to and made the whole process a breeze

Cassandra

1738288832

Dave has been amazing in the whole process working endlessly to get my finance approval. It was a long road but was always considerate and kind in his approach.

mitchell jefferies

1738222894

Kris really helped me out sorting the loan for my dream bike so quickly for the Christmas break, absolutely amazing service and great communication he really went above and beyond

Trevor Jeffrey

1738220989

Thanks to Kris Birch for making the process so easy. Very nice to deal with and would not hesitate to recommend

Rob Allen

1738206401

Kris is a stellar representative at an already great business. I have no doubt that anyone can get top-notch service.

Dexter Birch

1738199024

Kris is a superstar will recommend to all family and friends

Max !

1738198654

Kris was knowledgeable, engaging and very generous with his time. Thank you Kris for your time and effort to secure the best outcome for me.

Steven P

1738198609

Would recommend Kris all the time. He is always ready to help and his service is impeccable.

Rhiannon Birch

1738197914

Kris has gone above and beyond assisting family, friends and strangers in ensuring their finance approval process runs smoothly! Will recommend Loans Unlimited to anyone seeking finance assistance in future!

Reese Wilkinson

1738196554

Kris was incredibly helpful in explaining how everything works, very charming and friendly!

Zak Newall

1738186899

David was very helpful, quick and made the process easy,

Asif Adnan Naim

1738125473

Dean & Nicole Tarpey

1738068876

Brooke has been amazing. Professional and honest with our options and what might be possible. Within a few short days, Brooke was able to offer us a great deal with a consolidation loan. We honestly thought we would be shut down again but we are so greatful she made it work. Thanks so much Brooke.

Pedro1111

1737713130

I needed financing for a new car. I was told it usually takes 3 business days to get approved. I asked Jay if he could try and get me approved as soon as possible. He said that if I get all the paperwork to him he could get it done. Whenever I texted or called Jay he replied either immediately or within 10 minutes and always had good advice and recommendations. Thanks to him I got my deal done and approved in around 24 hours. Would highly recommend!

charlotte frichot

1737688081

The whole team are amazing, nothing is too much, they make buying a car so simple. Thanks Jay and the team for everything you have done, really appreciate it 10 out of 10 would recommend

Ella Brindley

1737685350

Jay made everything super smooth and easy for me. I appreciate all the help he was able to offer me considering it my first time getting a loan.

Abdullah Tabbalo

1737681232

Great to deal with a Nd easy to deal with and did everything he could to help me get a better rate

Phoebe McDonell

1737606547

Had Jay dealing with my application for car finance and super happy. Turn around for application was super fast and he found finance well within my budget. A highlight of his service was his communication, I was informed every step of the way which takes the stress out of such a big step. Thanks!

zac pene

1737605586

Amazing support and very friendly, amazing first experience for my first loan

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Become a Loans Unlimited Referral Partner

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Personal and Leisure Loans

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