Car Loan With Discharged Bankruptcy

You shouldn’t be cut off from car finance if your bankruptcy has ended. We partner with suitable lenders who can give you a second chance.

Bad Credit Car Loans Approved

Why people turn to us for their car finance needs

When your bankruptcy ends and you’re looking for a second chance at credit approval, it can be hard to know where to turn. That’s where we come in. We can help remove the roadblocks ex-bankrupts sometimes hit when applying for car loans.

Our skilled consultants can connect you with a suitable lender willing to give you another shot at car finance. We specialise in rapid application turnarounds and securing fast approvals, so you can apply today to get behind the wheel before you know it.


Trusted across Australia

Throughout more than a decade, we’ve helped a wide range of customers with bad credit get the keys to a new car.

money (2)

Specialist lenders partners

We find you the best deal to suit your circumstances by partnering with a panel of understanding lenders who can work with ex-bankrupts.


100% online

Our fully online application process means you can apply from your computer or smartphone, anywhere in Australia.

Features and benefits of bad credit car loans

Borrow from $5,000

Borrowing the full value of your car, including any on-road costs such as registration in some cases, means you don’t have to pay a hefty deposit.

Buy privately or through a dealership

Buying a new or used car up to 20 years old from a private seller or a dealership expands your choices when shopping for a vehicle.

Extra repayments accepted

You won’t incur fees or charges for making additional payments on your car loan.

Available to casual workers

If you’ve been employed casually with a company for more than three months, you can apply.

Flexible loan terms 

Having between one and five years to repay lets you make your loan terms as long or as short as you need.

Centrelink income accepted

If you’re a single mother or an aged pensioner, your fixed government benefits can be factored in as income.

How you can apply for a car loan

Bad Credit Car Loans Process

Get the wheels in motion

Click ‘apply now’ to get a quote before starting your full application. If you’re just after an estimate, a consultant will call to discuss your options.

Find your perfect match

When you decide to apply, your consultant will use our state-of-the-art technology to match you with a suitable specialist lender.

Leave your application to us

With your lender locked in, your consultant can prepare your application. They’ll need you to supply your supporting documents to do this.

Get approval

Your consultant will email you a loan agreement to sign after getting approved. Return it and your funds can be released to buy your car.

Key differences between bankruptcy and a Part IX debt agreement

Everyone’s financial track record is different, and sometimes you won’t always make the right turns. It’s important to understand some of the ways a debt agreement or bankruptcy can impact your ability to apply, which you can find out right here:

  • No new credit: Lenders aren’t going to approve your car loan application if you’re bankrupt, so your best shot is setting yourself up for it once you’re discharged. Paying bills on time and holding down a steady job can pit you as a reliable borrower. However, some of our lending partners can work with you if you’re currently paying your debt off under a formal arrangement. Your consultant will factor in your payment plan costs when checking what you can afford to borrow
  • Impact your income: Bankruptcy restricts you from certain careers, such as accountancy and the police force. This could make it more difficult to earn an income if you’re between jobs when you apply and impact your borrowing power when you’re ready to do so. Unlike bankrupts, though, those under debt agreements aren’t restricted in this area, which can make it easier to hold down stable work, in turn improving your borrowing power when you’re ready to apply.
  • Own fewer assets: Lenders prefer applicants who are asset-backed, whether it be in savings or property. If these are claimed by a trustee, it can potentially lower your borrowing power and increase your interest rate once you’re discharged. Under a debt agreement, instead of selling assets to cover the debt, an administrator will work out a manageable payment plan to pay what’s owed, meaning you can keep valuable assets.

Top tips for boosting your chances of approval

Make a down payment  

Paying a deposit can reduce the size of your repayments and save you money on interest. It can also increase your borrowing power and demonstrate to a lender that you have a stable saving track record.

Pay outstanding debt

Lenders will be more likely to approve your credit application if you’re carrying less debt. Clearing unpaid defaults and overdue debt will not only improve the health of your credit rating but bring you closer to the driver’s seat of your new car.

Show a strong employment history

Staying at a job for a good length of time demonstrates to a lender you have some certainty over your income. Similarly, sticking out your probation period will also boost your approval chances.

Wait before you apply 

You can technically apply for a loan the day after you’re discharged. It’s a good idea to allow a few years between being discharged and vying for more credit as you can start rebuilding your credit history in other ways, such as paying bills on time.

Common questions about bad credit car loans

You can apply for a loan as soon as it has ended. However, waiting to apply gives your credit score time to heal and improve your approval chances, which may be to enable you to consistently pay bills on time and avoid excessive applications.

No – it’ll be removed either two years from its end date or five years from its start date, depending on which date is later. Bankruptcy usually lasts three years and one day, but your trust can seek an extension of up to eight years.

Your consultant will see your bankruptcy when assessing your credit file. Telling your consultant from the outset can give them a clearer picture of your financial situation sooner, enabling them to connect you with a lender who holds the best chance of your approval.

Yes – you can look at refinancing with a lender once you’ve built up a solid payment history. Making prompt repayments is marked as positive credit behaviour, which can demonstrate you’re capable of taking on more responsibility and improve your credit.

No – our lenders don’t require down payments. It’s worth paying a deposit if you have the money behind you, though, as it can reduce the size of your repayments and increase your borrowing power.

It depends on your employment status. For casual workers, they must be continually employed by the same company for at least three months before they apply. Permanent full-timers moving within the same industry have fewer restrictions and can be approved from day one of the new job but lenders will generally be more willing to approve you if you’ve served your probation period.

Yes – all vehicles purchased under finance must be covered by comprehensive car insurance. You can choose your insurer and opt to roll the cost of insurance into your loan amount in some cases.