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 Car, Motorbike, Truck to a Boat or a 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.
1. Subject to verification, suitability and affordability
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:
1. Subject to verification, suitability and affordability
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:
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.
1. Subject to verification, suitability and affordability
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,211 | $7,211 |
| 24 Months at 19.95% APR & 35.97% Comparison Rate | ||
| $7,500 | $3,316 | $10,816 |
| 24 Months at 19.95% APR & 39.00% Comparison Rate | ||
| $10,000 | $6,803 | $16,803 |
| 36 Months at 19.95% APR & 38.18% Comparison Rate | ||
| $12,500 | $8,252 | $20,752 |
| 36 Months at 19.95% APR & 37.19% Comparison Rate | ||
| $15,000 | $9,701 | $24,701 |
| 36 Months at 19.95% APR & 36.53% Comparison Rate | ||
| EXAMPLE: A platinum unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,210.20 and a total repayment of $7,210.20. 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 19.95%. The Comparison Rate, based on a loan of $10,000 over three years, is 35.97% EXAMPLE: A platinum secured personal loan of $10,000 for 36 months has fees and charges totalling $6,802.97 and a total repayment of $16,802.97. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 19.95%. The Comparison Rate, based on a loan of $10,000 over three years, is 38.18% 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. |
||
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,557 | $7,557 |
| 24 Months at 25.00% APR & 44.43% Comparison Rate | ||
| $7,500 | $3,835 | $11,335 |
| 24 Months at 25.00% APR & 44.43% Comparison Rate | ||
| $10,000 | $7,903 | $17,903 |
| 36 Months at 25.00% APR & 43.47% Comparison Rate | ||
| $12,500 | $9,627 | $22,127 |
| 36 Months at 25.00% APR && 42.51% Comparison Rate | ||
| $15,000 | $11,351 | $26,351 |
| 36 Months at 25.00% APR & 41.87% Comparison Rate | ||
| EXAMPLE: A silver unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,556.20 and a total repayment of $7,556.20. 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 25.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 44.43% EXAMPLE: A silver secured personal loan of $10,000 for 36 months has fees and charges totalling $7,902.74 and a total repayment of $17,902.74. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 25.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 43.47% 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.> |
||
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $2,767 | $7,767 |
| 24 Months at 28.00% APR & 47.66% Comparison Rate | ||
| $7,500 | $4,150 | $11,650 |
| 24 Months at 28.00% APR & 47.66% Comparison Rate | ||
| $10,000 | $8,577 | $18,577 |
| 36 Months at 28.00% APR & 46.62% Comparison Rate | ||
| $12,500 | $10,469 | $22,969 |
| 36 Months at 28.00% APR && 45.68% Comparison Rate | ||
| $15,000 | $12,361 | $27,361 |
| 36 Months at 28.00% APR & 45.05% Comparison Rate | ||
| EXAMPLE: A bronze unsecured personal loan of $5,000 for 24 months has fees and charges totalling $2,766.35 and a total repayment of $7,766.35. 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 28.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 47.66% EXAMPLE: A bronze secured personal loan of $10,000 for 24 months has fees and charges totalling $8,576.21 and a total repayment of $18,576.21. The Minimum loan term is 13 months and the Maximum term 36 months. The term will be 36 months if you repay monthly, 78 fortnights or 156 weeks. The Maximum APR is 28.00%. The Comparison Rate, based on a loan of $10,000 over three years, is 46.62% 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. |
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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.
Advantages
Disadvantages
No, it isn't required1. However, if you have saved up a deposit, this will be an advantage and allow you to purchase a higher value car.
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.
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.
Yes we do1. A low credit score is not the primary factor in our decision to lend. Unlike other lenders, we look into your unique situation, the affordability of the loan and also the loan purpose, when we make our lending decision.
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.
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.
Sorry, we are unable to assist anyone who is currently bankrupt or in a Part IX debt agreement.
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.
The application process is quick and simple, so the information you need to complete your application should be easily on hand. You'll need to confirm your contact details, address, employment details and regular expenses. Optionally, you can confirm your driving licence, which will help speed up your application. After that, due to responsible lending concerns, we require 90 days bank statements which can be given securely online in a few minutes.
1. Subject to verification, suitability and affordability
Cars
Motorbikes
Used Cars
Campervans
Vans
Minibuses
Caravans
Trailers
Boats
Jet Skis
Trucks
Ride on Mowers
Equipment
Customers who have viewed this page and shown an interest in bad credit car loans, have also visited the following pages:
Vehicle FinanceSingle Parent Car LoansPensioner Car LoansSecond Chance Car LoansBad Credit Loans
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ABN 63 117 296 143 / Australian Credit Licence 389 782
Call us on 1300 014 870.
