Comparison rate and fees
Look at the disclosed comparison rate and itemised fees alongside the headline interest rate.
107 reviews 5.0
Secured car loans. Make it yours.
Make your next car yours. We’ll compare suitable secured finance from our 80+ lender panel and explain the rates, repayments and terms before you decide.
- New and used vehicle options
- Compare rates, terms and repayments
- One broker through to settlement
What have you got planned?
Let’s help you fund it.
The lender must be able to identify, value and register an interest in the asset.
New vehicles from licensed dealers
Eligible late-model used cars
Private-sale cars with verified settlement details
Refinancing an existing secured car loan
Pre-approval followed by final vehicle approval
Loans with or without a final balloon, subject to policy
The asset securing the loan
These details identify the asset involved in car loan, its value and whether it can be used as loan security.
- Vehicle
- VIN
- PPSR registration
- Comprehensive insurance
Costs to compare
Compare these car loan figures together. Looking only at the rate or regular repayment can hide fees or a higher total cost.
- Rate
- Fees
- Term
- Balloon
Selling, paying out or refinancing
This is another part of the car loan request that can change the available options.
- Payout
- Sale
- Refinance
- Shortfall
Have something in mind? Let’s talk finance.
Get my free quoteCar loan.
More options. Less legwork.
With a secured car loan, the lender registers an interest over the financed vehicle. This can support sharper pricing than an unsecured loan, but the car must satisfy the lender's policy for age, value, condition and acceptable use.
Vehicle eligibility
Age at the end of the term, kilometres, value and write-off history can affect lender selection.
Term and balloon
Lower scheduled repayments can increase total interest or leave a lump sum due at the end.
Why choose X Lend for car loan?
The most useful comparison goes beyond the advertised rate. Application fees, monthly fees, early-payout terms, the loan length and any balloon payment all affect what the car ultimately costs.
If repayments are not maintained, the lender may repossess and sell the vehicle, and a shortfall may remain. The structure should therefore fit the household budget with room for ownership costs such as insurance, registration and servicing.
Payout flexibility
Check early-repayment rules if you may sell, refinance or clear the loan ahead of schedule.
A secured rate is not free money: the lender can enforce its security if the agreement is not maintained. Compare repayment comfort as carefully as price.
Work out your repayments.
Then find your finance.
Try an amount and term for your car loan. When you’re ready, we’ll compare the options available to you.
Car loan repayment calculator
Adjust the amount, term and rate to see an indicative repayment.
Estimate only. Calculations include an assumed $990 broker origination fee and $500 lender fee, both financed. Total repayable includes those fees, interest and any final balloon. Weekly and fortnightly figures are equivalents of the monthly estimate. Actual fees and repayment timing depend on your offer.
What rate could I get?
Your quote takes your circumstances and finance requirements into account. Compare your rate, fees and repayments together before choosing an offer.
Find my optionsYour circumstances.
Your finance options.
Both the applicant and the vehicle must fit policy.
What do I need to qualify for car loan?
- Sustainable income after expenses and debts
- Acceptable credit history and recent conduct
- Vehicle age and value within lender limits
- Comprehensive insurance when required
- Verifiable dealer or private-sale transaction
Who can car loan help?
- Buyers of eligible new or used vehicles
- Applicants comfortable granting security over the car
- Borrowers comparing total costs across several lenders
When should I consider another option?
- Older or unusual vehicles that no panel lender will accept as security
- Anyone unwilling to risk repossession after serious default
- Business-use vehicles requiring a commercial ownership structure
Car too old at loan end
Some lenders calculate eligibility using the vehicle's age after the proposed term, not only its age today.
Unsupported valuation
A lender may not finance the full asking price when the security value is lower.
Repayment does not fit
Security does not replace the requirement to show that repayments are affordable.
What do lenders look at for car loan?
A secured car loan links credit terms to an eligible vehicle and gives the lender enforceable security.
From enquiry to settlement.
We’re with you all the way.
Your broker handles the lender comparison and paperwork for car loan, keeping you informed at each step.
- 01
Tell us your plans
Tell us what you want to finance, how much you need and when you need it. That could include new vehicles from licensed dealers.
- 02
We do the lender research
We help organise identity and income evidence and bank statements where requested and check sustainable income after expenses and debts to find lenders that fit your situation.
- 03
Choose your finance
We explain principal and interest and balloon payment, including the full cost and how repayments fit your budget. You choose the option to take forward.
- 04
We organise settlement
Your broker coordinates lender conditions, signed documents and payment details, so you can focus on what comes next.
Start with your free quote.
Your broker reviews your enquiry and explains the next steps, usually within one business day. An enquiry does not create a credit check or an obligation to proceed.
Find the finance that fits.
Know what you’re choosing.
Small changes to the term or final payment can materially change total cost.
Principal and interest
Regular repayments reduce the balance to zero over the agreed term.
Balloon payment
A final lump sum lowers scheduled repayments but leaves a balance to pay, refinance or cover from sale proceeds.
Fixed rate
Most secured car loans fix the repayment for the agreed term; early-payout conditions still vary.
Align the comparison
Compare quotes using the same loan amount, deposit, term and balloon so a lower repayment is not mistaken for a cheaper loan.
Plan the exit
If you change cars frequently, early-payout terms and the likely balance at sale time deserve extra weight.
What should I have ready before applying?
- Ask for a payout estimate if early sale is likely.
- Model the same term and deposit across lenders.
- Budget for insurance and running costs outside the loan repayment.
How we can help.
Illustrative examples of how we approach car loan.
New dealer car
A buyer wants fixed repayments on a new vehicle.
How your broker helps
Compare like-for-like secured terms and any dealer finance offer.
What to have ready
Use total repayments and fees, not monthly repayment alone.
Five-year-old used car
A longer term pushes the car beyond one lender's age cap.
How your broker helps
Shorten the term or compare lenders with different end-age policy.
What to have ready
The final structure must remain affordable.
Early upgrade
The borrower expects to sell in two years.
How your broker helps
Review payout conditions and projected balance.
What to have ready
A large balloon or long term may increase the chance of a sale shortfall.
A word from your broker.
At X Lend, we first make the purchase amount, purpose and comfortable repayment clear. We then compare suitable panel options on the same term and fee basis, explain the total cost and ask the customer to approve the selected lender submission.
Let’s compare your options.
Get my free quotePut your plans in motion.
Keep more cash in reserve.
See how arranging finance compares with waiting or paying the full cost upfront.
With car loan
Access a suitable car without waiting to save the full purchase price.
Keep more savings available for emergencies after arranging the car.
Replace an unreliable or unsuitable car before downtime and repair costs increase.
The cost of waiting.
Work, family commitments or travel can remain disrupted without a reliable car.
An older car can keep creating downtime or repair costs while its replacement is delayed.
Paying the full car purchase price from savings can leave less buffer for unexpected expenses.
Good finance.
Even better support.
Google reviews
Read reviews on Google Review on Google
Super helpful, friendly and fast. Secured a bank loan beyond expectations and did all the tricky leg work. Definitely be using their services again. Corey was a legend!
Review on Google
I can’t recommend Corey from X Lend highly enough. From the very first conversation, he was professional, transparent, and genuinely focused on finding the best outcome for me. Corey took the time to explain every step of the finance process in a way that was easy to understand, answered all my questions promptly, and never once made me feel rushed or pressured. I really appreciated how proactive he was, keeping me updated, following up with lenders, and making sure everything stayed on track. What really stood out was how hard he worked to secure a great deal. He compared multiple lenders, negotiated on my behalf, and ultimately achieved a rate and repayment structure that exceeded my expectations. The whole process of purchasing my car was smooth and stress‑free thanks to their expertise. If you’re looking for someone knowledgeable, reliable, and genuinely in your corner, I wouldn’t hesitate to recommend them. I’ll definitely be using their services again in the future :)
Review on Google
Corey helped me through the entire process of getting my dream family car! He was extremely prompt with his responses and had everything organised quickly and smoothly. I made a huge mistake by settling finance on the wrong car (a 5‑seater instead of a 7‑seater), but Corey was incredibly understanding and supportive. He contacted the dealership, lender, and even rearranged my insurance for me. He did all of this without ever making me feel like a hassle, even though I knew I was being a pain! Despite the setback, Corey stayed fast and efficient, kept me confident throughout the process, and managed to get everything cancelled and re‑approved for a higher amount so I could get my actual dream car. I highly recommend Corey. He speaks to you like a friend and genuinely has your best interests at heart. I already had quotes from Toyota Finance and Toyota Insurance, and Corey was able to get both significantly cheaper. Toyota Finance even reviewed Corey’s figures and confirmed they couldn’t beat them. I will never look to another finance company again.
Let us help with
car loan.
Your car loan questions.
Answered.
The details you want to know before taking the next step.
What secures a secured car loan?
The financed vehicle is generally registered as the lender's security. The loan agreement explains the lender's rights and your obligations.
Is a secured car loan always cheaper?
Not always. It may have a lower rate than an unsecured alternative, but fees, term and balloon structure determine the total cost.
Can I sell the car before the loan ends?
Usually, but the lender's security must be released, normally by paying the payout amount from your funds, a refinance or the sale settlement.
What happens if the sale price is below the payout?
You generally need to cover the shortfall before the lender releases its security, unless another arrangement is approved.
Keep exploring your options
Further readingPPSR — used vehicle searchesMoneysmart — personal loansMoneysmart — credit scores and credit reports
Reviewed by Corey Marino
FBAA member M-354085 · Diploma-qualified finance broker · Last reviewed 24 August 2026