Bad Credit Car Loans | Get up to $50,000

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Bad Credit Car Loans with Money3

Money3 may be able to help¹ you out with car finance when others can't.

We'll give you a fair go - even with bad credit in the past. Our bad credit car loans go up to $50,000 - depending on affordability - and that could be for any vehicle from a motorbike, truck or car to a motorboat or caravan.

Getting started is easy, complete the short form above or select the kind of vehicle loan you are looking for below and give us a few details and we get back to you as soon as possible.

Get Pre-Approved Fast

Bad Credit Car Loans up to $50,000

1. Subject to verification, suitability and affordability

Who Can Get a Car Loan with Us?

Getting your loan approved¹ with Money3, may be easier than you think. 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 - even with bad credit!

Please note that your loan pre-approval offer is subject to final approval by Money3, once you have decided on a vehicle.

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 are receiving Centrelink income
You don't have a good credit history
You have had bad credit in the past

Get Pre-Approved Fast

Bad Credit Car Loans up to $50,000

1. Subject to verification, suitability and affordability

How Does it Work?

We'd like to see you driving away with your new car as soon as possible.
If you already have a car or other vehicle in mind, or are looking to find out how much you could borrow first, we'd like to help.

Even with bad credit, as long as your income; that is earnings and Centrelink income totals $1,600¹ a month or more, that you are an Australian resident, then you are likely to qualify¹.

You must:

Be Over 18 Years Old
Income or Benefits over $400 a Week¹
Be an Australian Resident
Get Your Income Paid into Your Account
Be Employed or Receiving Centrelink¹

Get started by completing the short form above. Tell us a little about yourself and we'll take it from there and we can give you a call back or you can continue your application, giving us all the information we need to assess your loan pre-approval.

Get Pre-Approved Fast

Bad Credit Car Loans up to $50,000

1. Subject to verification, suitability and affordability

Common Questions

What is a bad credit car loan?

A bad credit car loan is similar to any other car loan, however, due to the increased risk to the lender, the interest and repayment rates may be higher. With Money3, we like to give everyone a fair go¹, so we will take your situation into consideration, so the repayments are affordable to you.

What are the advantages and disadvantages of bad credit car loans?

Advantages

Better chance of getting your loan approved
Manageable weekly, fortnightly or monthly repayments
Flexible repayment terms, built around your circumstances
Chance to repair and rebuild your credit rating

Disadvantages

Your loan may be more expensive
Security may be required for larger loans

How are Money3's bad credit car loans different from other lenders?

At Money3, we will give you a fair go¹, so getting approved may be easier than you think. Other lenders may regard your bad credit as too much of a risk and will often reject your application for finance. We will look at your individual situation, when reviewing your application and will do our best to make sure that your repayments are reasonable and affordable to you.

Do you lend to people with bad credit and also on Centrelink?

Yes, we do. The amount you may be able to borrow will be adjusted based on your overall income¹. Your income can be form earnings or Centrelink benefits or both. Money3 specialises in customers who may have experienced bad credit, receiving Centrelink or not, we will work with you to make sure the loan is suitable and affordable to your situation.

Can I apply with defaults on my credit file?

Yes, you can. Money3 understands that sometimes unexpected expenses crop up or periods of difficulty. Sometimes repayments may be missed in error, by simply forgetting or paying the wrong entity by mistake. If you are back on track and willing to commit to make your repayments, then Money3 will be happy to review your application. We'll work to make sure that the repayments on your new loan are reasonable and affordable to you.

Will my 'bad credit' limit the amount I could borrow with Money3?

Not necessarily. Your current financial situation will play an important part in the amount you could borrow with us. Money3 has a great deal of experience lending to people who have experienced bad credit. We will sometimes adjust the loan term, over a longer period, so the weekly repayments are more affordable.

Can I apply if I am curently bankrupt or in a Part IX debt agreement?

Sorry, we are unable to assist anyone who is currently bankrupt or in a Part IX debt agreement.

Can I get finance on any other vehicle types?

Yes you can. We finance all sorts of vehicles from cars, to bikes, to campervans and boats. If the vehicle is not listed in the loan purpose when you apply, just select 'Secured Loan' and our staff will get more details from you later, when they call you back.

1. Subject to verification, suitability and affordability