Can I finance a used car?

Yes. We work with lenders who accept both dealer and private sale used vehicles. The age and condition of the vehicle may affect which lenders are available to you.

Will applying affect my credit score?

We run a soft credit check during our assessment which does not appear on your credit file or affect your score. Once we match you to a lender and submit your application, some lenders accept our soft check while others may run their own standard credit check as part of their process. We will let you know before we submit.

Can I get pre-approved before finding a car?

In some cases yes. Pre-approval gives you a clearer budget before you start shopping. Ask our team about this when we call you with your options.

What is the minimum and maximum I can borrow?

The minimum is $3,000 and the maximum is $250,000 depending on the lender and your personal circumstances. Loan terms range from 6 to 84 months.

How quickly can I get the money?

Same-day funding is possible for applications approved before 12pm on business days. Most applicants hear back the same day they apply.

How do I claim the $500 cashback offer?

Apply through Lending Room and settle your car loan. Once settled our team will contact you with details on how to claim your cashback. Terms and conditions apply.

Is there a fee to use Lending Room?

A broker and introducer fee of up to $1,500 applies when your loan is successfully funded. This fee is added to your loan amount and is GST inclusive. It is disclosed clearly before you commit to anything and you are never under obligation to proceed. Lender establishment fees may also apply depending on the lender.