Car Loans · Used Car Loans
Used car loans, compared across lenders
A used car loan finances a second-hand vehicle from a dealer or private seller. Noddle compares used car loans across a panel accessed through the Loan Market Group platform and arranges the one that fits, including for older vehicles some lenders decline. The lender approves and funds the loan.
Noddle is a broker, not a lender. We find, compare and arrange; lenders approve and lend.
- Australian Credit Licence 526746
- Member of AFCA
- Servicing Australia, 100% online
- One application, many lenders compared
Vehicle age and why it matters
Lenders set limits on a car’s age at the start and end of the loan, so an older vehicle narrows your options and can affect the rate. A broker knows which lenders accept older cars. Noddle matches the car to a lender whose policy fits, rather than sending you to one that will decline.
Dealer or private used car
You can finance a used car from a dealership or a private seller. Private sales need a few extra checks, such as a PPSR search to confirm the car is not under finance. Noddle explains what each path needs.
Related pages
Frequently asked questions.
Yes. A used car loan finances a second-hand vehicle from a dealer or a private seller. Noddle compares used car loans across its panel and arranges the one that fits, including for older vehicles that some lenders will not accept, subject to the lender’s assessment.
Most lenders set a maximum age for the car at the start and end of the loan, and the limits vary. An older vehicle narrows your options but does not always rule out finance. Noddle knows which lenders accept older cars and matches your vehicle accordingly.
Often, slightly. Lenders may price a used car a little higher because it is older security. The gap depends on the vehicle, your credit profile and the lender. Noddle compares options so you see the true cost rather than assuming.
Yes. Noddle can arrange finance for a private-sale used car. A private sale needs a PPSR check to confirm the car is not already under finance, and some lenders require the loan to be secured against the vehicle. Noddle explains the steps.
Noddle may charge a brokerage fee for arranging your loan, and may also receive a commission from the lender. Both are disclosed upfront in our Credit Guide and your written quote before you commit. The brokerage fee can be paid upfront or capitalised into your loan. If capitalised, you pay interest on it over the loan term. All fees and commissions are disclosed in our Credit quote before you proceed.
About the author
Joshua Wessels is the founder of Noddle and leads its broking team. He has more than a decade in Australian consumer finance and holds a Diploma in Mortgage Broking. Noddle is a member of the Finance Brokers Association of Australia (FBAA member 362825) and the Australian Financial Complaints Authority (AFCA member 81857), and operates under Australian Credit Licence 526746.
Read more about the team on the Noddle team page.
Noddle Pty Ltd (ABN 63 643 806 759, ACN 643 806 759) operates under Australian Credit Licence 526746. Noddle is a credit assistance provider, not a credit provider. We arrange loans through a panel of lenders accessed via the Loan Market Group (LMG) aggregation platform. We are bound by the responsible lending obligations of the National Consumer Credit Protection Act 2009 and regulated by ASIC. Fees and any commissions are disclosed in our Credit Guide and your written quote before you commit. Any approval, rate and amount is determined by the lender, subject to their assessment.
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