Small Car Loans

Money3 could help you buy a used car or new car from a dealership or private seller with a small car loan.

  • All Vehicle Types OK
  • Fast Pre-Approvals
  • Centrelink Friendly Finance*
  • Bad Credit History Considered1
  • No Deposit OK
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!

Thousands of Happy Customers!

Any Credit Considered1 - Small Car Loans

Money3 may be able to help you out with small car loans where others lenders can't.

Even if you have been turned away by other lenders before, our team at Money3 will strive to give you a fair go1. We'll assess your financial situation and with your small car loan pre-approval1, we'll let you know how much you may be able to borrow. Our small car loans can help you finance other types of vehicles you're interested in purchasing, such as motorbikes, vans, motorboats, and caravans.

At Money3, we provide a flexible service and will consider financing a new or used vehicle. You may choose to go through a dealership or via a private sale, when researching and finding your next vehicle.

1. Subject to verification, suitability and affordability

How it Works

Basic Criteria Check

Before you apply, it is good to check and confirm that you meet our basic criteria, for our small car loans:

  • Be Over 18 Years Old
  • Have Take Home Income or Benefits over {{min_weekly_income}} a Week1
  • Be an Australian Resident
  • Get Your Income Paid into Your Bank Account
  • Be Employed or Receiving Centrelink payments1

Apply Online

Get started on your small car loan by filling out our quick online pre-approval request form.

Once you have filled out the form with some basic information about your income and expenses, our experienced team at Money3 can assess whether we have can offer a small car loan that will suit your needs. We've made applying for loans online easier by allowing you to upload your bank statements and other documents to us through our form automatically.

Application Review

When the online application is complete, and we have your bank statements, we may need to contact you to confirm a few details, or to answer any questions you may have about the pre-approval process.

Your Vehicle Loan Pre-Approval

After receiving and reviewing all the information we need to assess your application with us, you may receive your small car loan pre-approval1. This will confirm your maximum pre-approval offer amount. Your loan pre-approval offer is subject to final approval, when you have found your vehicle. Having a loan pre-approval is advantageous as it means you can go out and find a suitable vehicle priced up to that amount - either new or used, from a dealership or via a private sale.

Finding Your Vehicle

Once you've identified what vehicle you'd like to purchase with your small car loan, let us know and we'll take care of the rest.

Even if we haven't given you your pre-approval yet, if you've already discovered the automobile you wish to buy, that's OK. Complete the quick online form above and we'll guide you through the process.

After you've discovered your ideal car and told us you'd like to go ahead and buy it, we'll do a final review of your application. We will then make the loan payment on your behalf and work with your dealership or private seller directly to purchase your automobile.

1. Subject to verification, suitability and affordability

Why Choose Money3?

Money3 is a non-bank lender that specialises in providing a variety of loan solutions for people from all sorts of financial backgrounds.

Giving You a Fair Go

At Money3, we'll give you a fair go at small car loan applications, even if you've been rejected by other lenders in the past. We thoroughly assess your financial status to ensure that you receive a loan that is appropriate and affordable for you1.

Flexible Lending

We are responsible lenders with personalised solutions. Our loan options are adaptable and can be suited to your requirements.

Focus on Customer Care

We focus on delivering high quality and attentive care to our customers. Our knowledgeable and helpful customer care team will assist you through the loan application and repayment procedure.

Wide Range of Product Offerings

We offer a wide range of car loan options. Whether you're after a new car loan, used car loan car loans, personal loan, or any other vehicle loan, we'll do our best to accommodate your requirements to your financial situation.

Positive Reviews & Top Ratings

Money3 has a proven track record of assisting clients find the right customised financing option for their dream vehicle. Money3 could help you get a loan at an affordable monthly cost based on your personal circumstances1.

1. Subject to verification, suitability and affordability

Example Car Finance Costs Chart

BorrowCostsRepay
$5,000$1,909$6,909
24 months at 13.95% APR & 34.16% Comparison Rate
$10,000$6,925$16,925
48 months at 13.95% APR & 29.11% Comparison Rate
$25,000$14,850$39,850
60 months at 13.95% APR & 20.38% Comparison Rate
$50,000$30,285$80,285
72 months at 13.95% APR & 17.23% Comparison Rate
$75,000$42,219$117,219
72 months at 13.95% APR & 16.15% Comparison Rate

EXAMPLE: A platinum secured personal loan of $5,000 for 24 months has fees and charges totalling $1,935.15 and a total repayment of $6,935.15. The Minimum loan term is 24 months and the Maximum term 24 months. The loan term will be 24 months, 52 fortnights or 104 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 34.58%.
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.

Questions & Answers

A small car loan is a loan that is specifically for the purchase of a small car. The loan amount will be based on the value of the car itself, as well as your financial situation and ability to repay the loan.

You could borrow up to $75,000 with a small car loan1 with Money3.

Whether it is worth taking out a small car loan depends on your financial situation. If you don't have enough money to purchase a small car outright or would want to put your savings into other things, getting a small car loan may be worth it, so you can get on the road sooner.

You can speak with a Money3 team member for advice on getting a small car loan.

Get started with your small car loan application online by filling out your information on Money3's short application form. Your application should take about 5 minutes. After you have submitted your application, we'll review your details and assess whether a small car loan is suitable for you.

You'll need your general contact details, address, employment details, and proof of regular expenses when applying for a small car loan. You may also provide your driving licence to speed up your application.

After your initial application, you will need to provide 90 days' worth of bank statements to confirm your financial status. You can give this information to us online securely in a few minutes.

Yes, we do1. Money3 is not affiliated with, or endorsed by, Services Australia. However, we do offer loans to customers receiving Centrelink payments.

We look at your entire income, whether it's from Services Australia or other external sources. We will consider your application for finance as long as your income is greater than $480 each week.

Yes, you could1. When assessing your loan application, we'll take a look at your financial position to manage car loan repayments. We may deem you capable of repaying your loan, even if you have a bad credit history.

All our small car loans are secured loans. You cannot apply for an unsecured car loan with Money3, however we also offer a range of smaller personal loans, up to $30,000.

Yes, you can apply for quick and easy small car loans as a self-employed worker1. However, you will need to demonstrate regular income in your 90 days bank statements to be approved.

No, you don't. However, putting a deposit down may assist your loan approval decision or help when securing a higher value vehicle. Your loan repayments may also be lower.

No, you don't have to. However, if you already have a vehicle in mind, please let us know so that we can fast track your application.

We are happy to finance both used and new small cars. At Money3, we also provide finance options for other vehicles such as boats, motorbikes and vans.

Your loan term depends on your income and affordability, the amount you wish to borrow, and your preference for a shorter or longer loan term. Generally, our small car loans are over 2 to 3 years, sometimes longer up to 5 years.

Yes, you can. Note that there is no penalty fee for an early repayment.

Our Car Loan Calculator can help estimate your loan repayments with us each month1. Our calculator takes into account your small car loan interest as well as your type of loan so that you can compare car loans (e.g. variable rate car loans versus fixed rate loans).

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