Bad Credit Car Loans Perth
Bad credit doesn't have to mean no car loan in Perth. From Joondalup to Mandurah, we work with lenders who are ready to find a solution for you.
Perth is one of the most isolated capital cities in the world, and its sprawling suburbs mean that for most Western Australians, a car isn’t just convenient, it’s essential. Whether you’re navigating the northern corridor from Wanneroo, commuting from Armadale or making the run down to Rockingham, life in Perth revolves around the road.
If bad credit is getting in the way of a car loan, though, it doesn’t have to be the end of the story. We work with lenders across Australia who look beyond your credit score to find workable solutions for Perth residents in all kinds of financial situations.
How to get a bad credit car loan in Perth
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1
Fill out our online application
Kick things off by telling us about yourself, your finances and the loan size you’re after. It's all done online, so you can apply from Subiaco, Scarborough or out in the Swan Valley.
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2
Supply your supporting documents
We'll need a handful of documents to confirm who you are and verify your current financial situation before we can take things further.
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3
Your broker reviews your options
With everything in hand, your broker will comb through our lender panel to find the most suitable options for your situation and give you a call to talk you through them.
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4
Source your vehicle
Our in-house car broker can draw on our national dealership network to help you find the right car at the right price, whether that's here in WA or elsewhere in the country.
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5
Your application is submitted
Once you're happy with everything, your broker will prepare your formal application and put it in front of the right lender on your behalf.
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6
Approval and settlement
Formal approval can come through in as little as one business day, and we'll handle the settlement so you don't have to.
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7
Get behind the wheel
All that's left is to sign on the dotted line and the car is yours!
Why Us?
Fast loan approval
We work hard behind the scenes to match you with a suitable lender and have your loan approved and funded in as few as 48 hours.
100% online
Where ever you are across Australia, you can apply for a bad credit car loan using your laptop or even a smartphone.
Trusted brand
For more than a decade, we've been helping borrowers with bad credit get approved for their car loans across Australia.
How do bad credit car loans work?
A bad credit car loan is a finance product designed for borrowers looking for a second chance at buying a car. You can use a car loan to buy both new and used cars sold through dealerships, private sales and even auctions.
The specialist bad credit lenders we work with across Western Australia and the rest of the country weigh up your current income, your everyday expenses and whether the repayments are realistically manageable for you right now, rather than making a decision purely on your credit score.
Terms run from one to seven years, though some will cap them at five years. You can usually set your repayments to come out weekly, fortnightly or monthly, whichever lines up best with when you get paid.
How much can I borrow for a bad credit car loan in Perth?
Bad credit car loans start from as little as $5,000, with some lenders willing to approve up to $150,000 for some borrowers, though this is highly dependent on your situation. The amount you walk away with will hinge on:
- Your credit issues (whether you’ve defaulted on your phone bill or another loan, for instance)
- How much you’re earning and what your weekly or monthly outgoings are (such as rent, bills and other living expenses)
- Any loans or other debts that may be outstanding
- Whether you’re able to put a deposit towards the purchase
- The car you want to buy, its age and its condition
- Different lenders have different available loan sums, so you may be able to borrow more with one compared to another
- Whether you own property in WA, which can significantly strengthen your application
It’s important to note that all car loan applications are subject to lender assessment. Get in touch and we can help give you a clearer picture of your borrowing power before you formally apply.
Bad credit car loan eligibility and documentation
Eligibility
- You must be 18 years of age or older
- You must be an Australian citizen, permanent resident or eligible visa holder
- You must be employed and earning a stable income that supports your car loan payments, which can start from as little as $480 per week
- You mustn’t currently be bankrupt
- Your chosen car must satisfy your lender’s vehicle eligibility criteria
Documentation
- A valid driver’s licence, front and back (passports can also be accepted)
- Your two most recent consecutive payslips
- 90 days of bank statements and/or Centrelink income statements
Bad credit car loan costs in Perth
A few key things will determine how much you’ll end up paying for your bad credit car loan:
- Interest rate: bad credit borrowers should expect to pay a higher rate than someone with a clean credit file. Even a small difference could add hundreds, if not thousands.
- Loan fees: establishment and monthly fees are standard on most bad credit car loans, so it’s important to factor these into your calculations.
- Loan amount: interest is calculated as a percentage of your outstanding balance, so the more you borrow, the more you’ll pay.
- Loan term: spreading your loan over a longer term reduces each individual repayment but means more interest accumulates overall.
To show you how your loan term can affect the overall cost, here’s what a $30,000 bad credit car loan at 15.00% p.a. would look like across different terms:
| Loan amount | Loan term | Interest rate | Monthly repayment | Total interest paid | Total repaid |
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| $30,000 | 1 year | 15.00% p.a. | $2,708 | $2,493 | $32,493 |
| $30,000 | 2 years | 15.00% p.a. | $1,455 | $4,910 | $34,910 |
| $30,000 | 3 years | 15.00% p.a. | $1,040 | $7,439 | $37,439 |
| $30,000 | 4 years | 15.00% p.a. | $835 | $10,076 | $40,076 |
| $30,000 | 5 years | 15.00 p.a. | $714 | $12,822 | $42,822 |
Calculations and interest rates are for illustrative purposes only and exclude loan fees and other charges. Interest rates shown aren't necessarily reflective of the rates you'll receive on your bad credit car loan.
Bad credit car loans Perth frequently asked questions
Can I get a car loan in Perth with no credit check?
No reputable lender will approve a car loan without conducting some form of credit assessment. Under responsible lending obligations, lenders are required to check your credit file as part of any legitimate application, so true no credit check car loans don't exist in Australia. That said, bad credit lenders place far less weight on your score than mainstream banks, focusing instead on your overall financial position.
Should I get a bad credit car loan through my dealership in Perth?
There are dealerships right across Perth, many of which offer in-house financing. For bad credit applicants, though, dealership finance tends to come with more limited options and less flexibility than what's available through a specialist broker. It's worth exploring what's available on the broader market before committing to dealership finance.
If my business has bad credit, can I get a commercial car loan?
Yes, commercial car loans are available to businesses with bad credit, including sole traders and companies. Lenders will assess both your personal and business credit history alongside your business's turnover and financial position. Specialist lenders experienced in bad credit business finance may be able to find a workable solution for your situation.
Can I get a loan for a caravan in Perth if I have bad credit?
Yes, bad credit caravan finance is available to Perth residents through specialist lenders who look at your overall financial situation rather than your credit score alone. Whether you're dreaming of exploring the South West or heading up to the Kimberley, there may be options available to help you get on the road. As with any bad credit finance product, you can expect higher rates and fees than someone with a clean credit file.