Poor Credit Car Loans
We can help if you want a car but feel locked out by poor credit. Apply now and be matched with the best lender for your needs.
We can help if you want a car but feel locked out by poor credit. Apply now and be matched with the best lender for your needs.
Life can be complicated when you don’t own a car because of a poor credit history. If you’re one of the many who feel a set of wheels is out of reach due to credit, though, we can help.
We partner with flexible and understanding lenders offering car loans tailored to borrowers with bad credit. Our consultants are unparalleled when it comes to matching applicants to lenders who can give them the best chance at approval, so let us help you get behind the wheel and apply today.
Our highly efficient consultants can have your application submitted, approved and funded in just 48 hours.
For more than a decade, borrowers with poor credit have put their trust in us to find them the best chance at lending approval.
We service all corners of the country; from the regions, the cities and the coast. You can apply via your smartphone or computer.
If you’re a carer or an aged pensioner, your fixed government payments can be factored in as income when you apply.
Borrow the full value of your car, plus on-road costs, with finance options starting from as little as just $5,000.
If you’ve been discharged from bankruptcy, bad credit loans give you a second chance at borrowing.
You get the choice of brand-new or second-hand vehicles from private sellers or car dealerships when picking out your car.
Securing your interest rate locks in your repayment values from the date you settle and protects you from rate rises.
Choose how fast or slow you want to pay back your loan, with options to repay between one and five years.
Getting a quote takes a few minutes online. Tell us how much you want to borrow and a little about yourself and a consultant will call you. You also get the option to apply straight away.
When you’ve decided to apply, your consultant will use the high-tech software at their fingertips to match you to the lender with the best chance of approval.
To give you the best shot at approval, your consultant prepares your application to submit to your chosen lender with their requirements in mind.
Once you’ve been approved, your consultant emails your digital loan agreement across for you to sign. Upon its return, your funds can be released.
Getting car loan approval can feel insurmountable when you have a poor credit history, but it isn’t. There are some simple things you can do to help boost your approval chances. Some of the ways to increase your likelihood of approval are:
Borrow a smaller amount
The less you want to borrow, the better your chances of being approved. A lender wants to make sure you can afford your repayments, so having a smaller, more manageable amount to pay back means you’re less likely to fall behind. Making a down payment on your loan will also leave you with a smaller balance.
Reduce your credit card limits
Scaling back the limits on your credit cards can be a simple way to raise your approval chances. Lenders don’t just look at your minimum repayment or interest rate: they consider what it would cost you to repay the total available balance if you maxed out your card.
Apply for what you can afford
Being realistic about your borrowing capacity will help pave the way for your approval. Your consultant can help you calculate what you can afford by looking at your income and expenses. It can be tempting to overreach, but you’re more likely to be approved if a lender sees you can make the repayments with ease.
Pay your debts on time
Even if you have a very poor credit rating, paying bills and debts on time (or paying them off entirely) will demonstrate to a lender you’re working to remedy past poor decisions.
Your borrowing capacity increases if you owe less money. If you have unpaid defaults or outstanding debts, paying these off is a good way to allow yourself to borrow more money. Remember to call your creditor and remind them to mark your default as ‘paid’.
Paying a deposit allows you to buy a more expensive car, as you’re chipping in your own money, so sticking to a budget before you apply and squirreling away some extra cash will allow you to borrow more when they go for approval and bring your ideal car closer to your reach.
Getting a family member to guarantee your loan gives your lender an extra layer of security if you have poor credit. If you can’t make the payments at some stage, your lender has the assurance that your co-signatory will take over the repayments. This gives you added protection and may allow a lender to loan you a larger amount.
Showing you can manage your repayments easily, with money left over as a buffer, will be the key to increasing your borrowing power. Before you apply, draw up a budget and try to find areas where you can cut your spending, such as dinners out and entertainment.