Single parent car loans up to $75,000

Every family's finances can look different. For single parents, a new car can make a world of difference. We’ll give you a fair go.1

  • All vehicle types accepted 
  • Centrelink payments and bad credit considered1
  • Fast car loan pre-approvals
1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
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We'll Give You a Fair Go!

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Car Loans for Single Parents up to $75,000

Money3 may be able to help you out with car finance when others can't1.

Our car loans for single parents are available up to $75,000 and could be used for any vehicle from a motorbike, truck or car to a motorboat or caravan.

Applying for a car loan with Money3 is easy, just select the kind of vehicle loan you are looking for above and give us a few details. We'll get back to you with a decision as soon as possible.

1. Subject to verification, suitability and affordability
3. Vehicle loans up to $75,000 with Centrelink income less than 50% of your total income.
4. The maximum vehicle loan with 100% of your income from Centrelink is $10,000 for first time customers.

Car Finance For Single Parent Pensioners

If you are on a single parent pension (Sole Parenting Payment), Money3 could still provide you with a car loan1. We don't turn people away just because they are receiving benefits, or receive benefits which supplement their income. We give you a fair go and examine a range of factors to determine whether or not you can comfortably afford a car loan.

When you're sole parenting, it's important to have a safe and reliable car you can use to transport your kids to school and other commitments. With Money3, you could get approved for a car loan that has flexible and affordable monthly repayments1.

 

1. Subject to verification, suitability and affordability

Our car loans get single parents where they need to go.

Our experienced lenders make car finance for single parents possible. Competitive solutions.

100% online

With easy, automatic uploads for your documents, our single parent car loan application process can be completed online.

Get up to $75,000

We'll help you weigh up your car loan options and organise your loan repayments to work best for you.

Drive away in 48 hrs

Once you receive your loan approval, you could be driving away in your new car within 48 hours!

Who Gets Accepted?

Getting your single parent car loan approved1 may be easier than you think with Money3. Money3 will go the extra mile for you. As long as you meet our basic criteria, and we are happy that the loan is suitable and affordable for you, then we will work with you to get your car (or other vehicle) loan approved as soon as possible. Your pre-approval loan offer is subject to final approval.

Money3 believes in giving everyone a fair go, which means we can provide car finance for single parent pensioners and other single parents who have had trouble getting a loan.

Single parents are looked at in much the same way as any other applicant, so we will consider your loan application1, even if:

  • You are receiving disability or parenting pension payments
  • You have been refused credit elsewhere
  • You have retired and are on a pension
  • You have a bad credit history
  • You are receiving Centrelink income1

1. Subject to verification, suitability and affordability

Need something else? Let us be your car buying co-pilot.

Whether it’s a small car for your commute or a caravan for a road trip — we’ll get you where you need to go.

* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments

How It Works

Applying for one of Money3's loan options is quick and easy. We'd like to see you get approved for a loan and driving away with your new car as soon as possible.

If you already have a car or other type of vehicle in mind or are looking to get a loan pre-approval, so you know what you can afford, we could help1.

Our car loans for single parents are eligible to you as long as you:

  • Are Over 18 Years Old
  • Have Take Home Income or Benefits over $480 a Week1
  • Are an Australian Resident
  • Get Your Income Paid into Your Account
  • Are Employed or Receiving Centrelink1

Use the links or short form on this page to get started. After providing us with some basic details, you can complete your application online by providing some details on your income and expenses plus digitally submitting your 90 days bank statements.

Once we have all the necessary information, we can assess your pre-approval for vehicle finance and get back to you with a decision quickly.

 

1. Subject to verification, suitability and affordability

Example Single Parent Car Loans Costs Chart

BorrowCostsRepay
$5,000$2,110$7,110
24 months at 16.95% APR & 37.39% Comparison Rate
$7,500$5,042$12,542
36 months at 16.95% APR & 37.39% Comparison Rate
$10,000$6,427$16,247
48 months at 16.95% APR & 35.44% Comparison Rate

EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,109.60 and a total repayment of $7,109.60. The Minimum loan term is 12 months and the Maximum term 24 months. The term will be 24 months if you repay monthly, 52 fortnights or 104 weeks. The Maximum APR is 16.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 37.39%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,850.43 and a total repayment of $39,850.43. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 20.38%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 389067.

Benefits of Money3 Loans

Lodging your application for a single parent car loan is easy with Money3.

With Money3, you can apply online in minutes without having to worry about any hidden fees or charges. Your loan costs and terms will be available for you to review, when you sign your loan contract, so you can make an informed decision about going ahead with a car loan. Money3 wishes to help single parents get car loans that are affordable and flexible to suit their financial circumstances.

  • Vehicle Finance up to $75,000
  • Transparent Fees and Charges
  • Loan Options to Suit Your Needs
  • Easy Repayments by Direct Debit
  • Affordable and Flexible Repayments
  • No Early Termination Fees
  • Loan Redraws Available1

Money3's finance options could help you get the reliable, safe, and feature-packed car you need to help transport your children and get where you need to go1.

1. Subject to verification, suitability and affordability

Single Parent Car Loans FAQs

Yes, Money3 will consider you for car finance if you're a single parent on a pension or receiving child support payments1.

Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer single parent car loans to customers receiving government benefit payments.

We require that your minimum income is over $480 a week to ensure you can comfortably meet your monthly repayments.

As a responsible lender, we'll look at your financial circumstances and do our best to ensure your loan amount and interest rate align with a single parent income1. Money3 is regulated by ASIC and our Australian Credit Licence is 389067.

Not all applications for car loans will be subjected to a credit check. Currently, Money3 will run a credit check on car loans before they are funded, but only if the application passes our initial assessments. Depending on the loan amount you request, an enquiry may be listed in your credit report.

Yes, it’s possible1. Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer single parent loans to customers receiving such payments. Both single mothers and single fathers are eligible1 to apply.

Our loans are available to anyone who meets our eligibility criteria. This includes car finance for single parent pensioners who have struggled previously with existing debts or have defaults on their credit file.

This is largely based on your level of regular income and expenses. We may also check if you're an Australian citizen, valid visa holder or permanent resident.

Yes. If you would like to make your loan repayments early, you can do so without worrying about any penalties or hidden costs like an early repayment fee. At Money3, we strive to offer affordable car finance repayments and loan terms for all.

1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments