$40,000 Car Loan

Q: What information do you need to supply to settle a $40,000 car loan?

If you are buying a car from a dealership Vehicle sales invoice: our friendly sales team can request this for you Car Insurance: Proof of comprehensive insurance If you are buying a car through a private sale Private Sales Invoice: Which is a contract between you and the seller and ensures we have the correct finance details Third-party self-administered Inspection Report: to confirm the vehicle's condition and ensure funds are sent to the correct bank account. This is at no extra cost to you or the seller. Car Insurance: Proof of comprehensive insurance If you are looking to refinance your car Payout Letter: Provide us with a future-dated payout letter to ensure the correct funds are sent. Third-party self-administered Inspection Report: You'll complete this at no extra cost, this is to review the vehicles condition Car Insurance: Proof of comprehensive insurance Providing these documents quickly will help expedite your loan application . After this information is provided, we can settle a loan in as little as 2 hours, and the funds can be transferred in as little as two business days.

Step into your new set of wheels

Hit the open road in your dream car with Plenti's $40,000 secured car loans. Enjoy competitive rates and drive confidently towards your next adventure.

Interest rates from

7.19

p.a.

Comparison rate*

7.82

p.a.

Interest rates from

7.19

p.a.

Comparison rate*

7.82

p.a.

$40,000 Loan Features

$40,000 Car Loans with Plenti

Experience personalised interest rates tailored to you and your dream car. Use our convenient rate estimate tool to find your rate in just 60 seconds, all without impacting your credit score.

Monthly fees

Early repayment fees

$40,000 Loan amount

3 - 7 yearsLoan terms

24 hourSettlement

What new or second-hand cars could you afford with a $40,000 loan?

With a budget of $40,000, car buyers have a range of options to choose from. Sedans like the Mazda 6 offer sleek designs and roomy interiors, while SUVs such as the Hyundai Tucson provide spacious cabins. Hatchbacks like the BMW 1 Series combine compact sizing with sporty styling. For those needing utility, the Ford Ranger ute offers a rugged yet comfortable cabin. Compact cars like the Ford Focus appeal with stylish exteriors and modern designs.

Mazda 6

The stylish Mazda 6 offers a comfortable ride with its sleek design and roomy interior, making it an attractive choice for many drivers.

Hyundai Tucson

The Hyundai Tucson provides a comfortable driving experience with its spacious cabin and smooth suspension, making it an appealing option for many motorists.

MG ZS EV

The MG ZS EV offers a roomy interior and comfortable ride, making it an attractive choice for those seeking a practical electric vehicle.

BMW 1 Series

The BMW 1 Series hatchback provides a compact yet comfortable option, with its well-crafted interior and sporty styling appealing to many drivers.

Ford Ranger

The Ford Ranger ute boasts a rugged yet luxurious cabin, offering a comfortable ride for both work and weekend adventures.

Ford Focus

The Ford Focus stands out with its stylish exterior and comfortable interior. Its compact size and modern design make it an appealing choice for many drivers.

Car loan repayment calculator

Find out how much your loan repayments could be with a Plenti secured car loan.

Loan amount

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Example interest rate: 0.00% p.a.

Comparison rate: 0.00% p.a.*

Estimated monthly repayments from

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Repayment calculator: The calculator is designed as a guide for the Plenti Car Loan product only and does not apply to applications submitted via Tesla or vehicles financed under the Plenti Personal Loan product. This calculator is not a quotation or an offer of credit. The interest rates and monthly repayment amounts are indicative and based on a range of criteria and assumptions. The calculator applies to new loans only and the amount you can borrow, your personalised interest rate and repayment amount may be different once you complete a loan application.

man driving his EV bought with a car loan

Simple steps to apply for a $40,000 car loan

Our streamlined, paperless process lets you focus on enjoying your new car, not the paperwork.

Get your rate

Answer 10 quick questions to see your personalised rate in 60 seconds, without affecting your credit score.

Apply online

Complete your application in under 10 minutes.

Get your funds

Finalise your purchase online after pre-approval. Once approved, funds are transferred to the seller within 2 business days. You're ready to hit the road!

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How much is a monthly payment on a $40,000 car loan?

The monthly payment on a $40,000 car loan depends on several factors, including the interest rate, loan term, and any additional fees

How long will it take to repay a $40,000 loan?

A $40,000 loan can be repaid in terms from 3 to 7 years.

Am I eligible for a $40,000 Plenti Car Loan?

To be eligible for a Plenti car loan you must:

Be aged 21 or over
Be an Australian citizen or permanent resident
Be earning over $32,000 per year from a regular source of income that you can demonstrate
Have a good credit history

Plenti will consider a loan application if you are self-employed. Additional credit assessment criteria and requirements may apply.

What is a $40,000 secured car loan and how does it work?

A secured car loan is a financing option where the car itself is used as collateral. This type of loan is considered less risky for lenders, often resulting in lower interest rates and the possibility of larger loan amounts compared to unsecured loans. If you're looking for a low-risk car loan with favorable rates, a secured car loan might be ideal.

In a secured car loan, you pledge an asset (the car you're buying) to secure the loan. Consequently, they offer lower interest rates. Many lenders accept a variety of assets, but it's common to use the car you're purchasing, provided it meets certain age and value criteria. Once you repay your loan in full, the security on the car is released.

What documentation is required to get a $40,000 car loan?

For initial assessment we may require some of the documents below:

Proof of ID-Driver’s license, passport, Medicare card, etc.
Proof of Income: Recent payslips, tax returns, or bank statements.

For some circumstances we may require additional information as below:

Proof of Residence: Utility bill or council rates confirming your address.
Proof of Savings: Bank statements or investment documents.
Assets and Liabilities: Information on property, other vehicles, and existing debts.

What information do you need to supply to settle a $40,000 car loan?

If you are buying a car from a dealership

Vehicle sales invoice: our friendly sales team can request this for you
Car Insurance: Proof of comprehensive insurance

If you are buying a car through a private sale

Private Sales Invoice: Which is a contract between you and the seller and ensures we have the correct finance details
Third-party self-administered Inspection Report: to confirm the vehicle's condition and ensure funds are sent to the correct bank account. This is at no extra cost to you or the seller.
Car Insurance: Proof of comprehensive insurance

If you are looking to refinance your car

Payout Letter: Provide us with a future-dated payout letter to ensure the correct funds are sent.
Third-party self-administered Inspection Report: You'll complete this at no extra cost, this is to review the vehicles condition
Car Insurance: Proof of comprehensive insurance

Providing these documents quickly will help expedite your loan application. After this information is provided, we can settle a loan in as little as 2 hours, and the funds can be transferred in as little as two business days.

Need more than $40,000?

Find more information on different loan types below:

💵 $10,000 Car Loans	💵 $15,000 Car Loans	💵 $20,000 Car Loans	💵 $25,000 Car Loans	💵 $30,000 Car Loans
💵 $35,000 Car Loans	💵 $40,000 Car Loans	💵 $45,000 Car Loans	💵 $50,000 Car Loans	💵 $55,000 Car Loans
💵 $60,000 Car Loans	💵 $65,000 Car Loans	💵 $70,000 Car Loans	💵 $75,000 Car Loans	💵 $80,000 Car Loans
💵 $85,000 Car Loans	💵 $90,000 Car Loans	💵 $95,000 Car Loans	💵 $100,000 Car Loans

Get your personalised rateApply in 10 minutes and you could get your funds as soon as the next day.

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