Money3 could help finance your car of up to $75,000
If you've been turned away from car finance before, you may feel lost and like you have no other options.
Luckily, at Money3, we believe in giving all individuals a second chance. Our bad credit car loans in Adelaide will ensure you are given fair go1. With Money3, your loan application will be carefully assessed and considered, no matter your credit score or income sources.
Our team will consider your income balance and expenses to provide you with a loan appropriate to your financial circumstances. You may be able to receive a loan from us even if Centrelink payments are your only source of income1.
With Money3, you could access a bad credit loan of up to $75,000 to purchase any vehicle you'd like, from Cars, Motorbikes, Trucks, Boats, Caravans.
Working with us is quick and easy - either fill out the form above or click on the link below to get started.
1. Subject to verification, suitability and affordability
There are a few requirements that you need to fulfil before applying for a bad credit car loan in Adelaide.
These include:
If you satisfy these requirements, your loan application will be considered, regardless of if you:
At Money3, we aim to provide you with car finance options that are suitable to your financial needs. If we believe that your requested loan amount is appropriate, we will try our best to provide you with a pre-approval offer as quickly as we can.
Keep in mind that before we can pay for your chosen car (or another vehicle), your pre-approval offer will need to pass our final credit assessment.
1. Subject to verification, suitability and affordability
If you are successful in applying for a loan, Money3 may give you a pre-approval offer for your requested loan amount. You can use this pre-approval with any private seller or dealership in Adelaide (or even outside of the state). It can help you pay for a portion or all of your chosen vehicles' purchase price.
Having a pre-approval offer from Money3 means that you can shop for your vehicle while knowing your price range. This means you no longer have to worry about budgeting and can avoid the disappointment of not being able to afford a vehicle you like.
Pre-approval offers help you set realistic expectations and shorten the time it takes you to shop for your ideal vehicle.
1. Subject to verification, suitability and affordability
Borrow | Costs | Repay |
---|---|---|
$5,000 | $1,909 | $6,909 |
Platinum secured personal loan for 24 months at 13.95% APR & 34.16% Comparison Rate | ||
$10,000 | $6,925 | $16,925 |
Platinum secured personal loan for 48 months at 13.95% APR & 29.11% Comparison Rate | ||
$25,000 | $14,850 | $39,850 |
Platinum secured personal loan for 60 months at 13.95% APR & 20.38% Comparison Rate | ||
$50,000 | $30,285 | $80,285 |
Platinum secured personal loan for 72 months at 13.95% APR & 17.23% Comparison Rate | ||
$75,000 | $42,219 | $117,219 |
Platinum secured personal loan for 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 389 067 |
Borrow | Costs | Repay |
---|---|---|
$5,000 | $2,313 | $7,313 |
Silver secured personal loan for 24 months at 19.95% APR & 40.63% Comparison Rate | ||
$10,000 | $8,676 | $18,676 |
Silver secured personal loan for 48 months at 19.95% APR & 35.35% Comparison Rate | ||
$25,000 | $20,883 | $45,883 |
Silver secured personal loan for 60 months at 19.95% APR & 27.39% Comparison Rate | ||
$50,000 | $42,963 | $92,963 |
Silver secured personal loan for 72 months at 19.95% APR & 23.32% Comparison Rate | ||
EXAMPLE: A silver secured personal loan of $5,000 for 24 months has fees and charges totalling $2,313.37 and a total repayment of $7,313.37. The Minimum loan term is 24 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 $5,000 over two years, is 40.63%.
EXAMPLE: A silver secured personal loan of $25,000 for 60 months has fees and charges totalling $20,883.12 and a total repayment of $45,883.12. 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 19.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 27.39%. 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 389 067 |
Borrow | Costs | Repay |
---|---|---|
$5,000 | $2,661 | $7,661 |
Bronze secured personal loan for 24 months at 24.95% APR & 46.04% Comparison Rate | ||
$10,000 | $10,216 | $20,216 |
Bronze secured personal loan for 48 months at 24.95% APR & 40.60% Comparison Rate | ||
$25,000 | $25,625 | $50,625 |
Bronze secured personal loan for 60 months at 24.95% APR & 32.59% Comparison Rate | ||
$40,000 | $44,982 | $84,982 |
Bronze secured personal loan for 72 months at 24.95% APR & 29.27% Comparison Rate | ||
EXAMPLE: A bronze secured personal loan of $5,000 for 24 months has fees and charges totalling $2,660.80 and a total repayment of $7,661.80. The Minimum loan term is 24 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 24.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 46.04%.
EXAMPLE: A bronze secured personal loan of $25,000 for 24 months has fees and charges totalling $25,625.34 and a total repayment of $50,625.34. 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 24.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 32.59%. 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 389 067 |
Yes, it is possible. At Money3, we look past your credit score and income to assess your loan application on a case-by-case basis. If we find that your application is appropriate to your financial situation, we may provide you with car finance for your vehicle.
Our bad credit car loans give residents in Adelaide a second chance to borrow money to purchase a new or used vehicle, even if they have a poor credit rating. Many other similar credit providers and financial institutions may knock back borrowers with a poor score on their credit file (typically with a score under 500) because they are considered too risky.
Money3's bad credit car loans provide you with a fair go1. We won't turn you away simply because you have a bad credit rating or receive income from Centrelink. At Money3, we understand that there are other factors that determine whether a loan is affordable to you.
When applying for a car loan with Money3, you will be asked to provide us with information on your income and expenses. We will consider this information when assessing whether you have enough regular disposable income to afford car finance with us.
To get car finance with Money3, you need to have an income of at least $480 or more per week1. This income can come from working, Centrelink benefits, or both.
A credit reporting agency will provide you with a credit score, which lenders can determine whether it is 'poor' or not. Your credit score is a record of your borrowing history and is usually between 1-1000, with the below 500-mark traditionally considered 'poor.'
Most lenders in Adelaide will not lend to those with a bad credit history and score below 500. However, at Money3, we look past your credit score and consider other factors that may give you a second chance at purchasing a new vehicle.
No, you don't need to save a deposit to get a bad credit car loan with Money3. However, extra money is always a good thing as it increases your chance of getting a pre-approval offer and purchasing a higher value car.
You can check your credit score with an online provider. You can find many services which check your credit history for free. Credit check car loans services are also available.
However, keep in mind that checking for your credit rating often may signify to some lenders that you are applying for many loans simultaneously and can lower your credit score.
Sometimes. If your application passes our initial checks and everything is looking good, we will run a credit check before your final application approval.
You can get a car loan for any type of car that you would like. It doesn't have to be a car either. At Money3, you can get a loan for a boat, campervan, truck, or another type of vehicle1.
Yes, it can. Your credit score may improve if you pay back your loan on time and without issues. This will indicate an improvement in your borrowing behaviour and demonstrate your responsible debt management.
Sorry, no, we cannot provide finance to individuals who are currently in a Part IX debt agreement or declared bankrupt.
Yes, you will but that can be provided digitally online. You will need to provide us with your address, contact details, and information on your regular income sources and expenses. We may also ask you to provide us with 90 days worth of bank statements and your driver's license for a quicker assessment process.
Yes, you can. There are no fees or adjustments to interest rates that come with early car loan repayments with Money3.
At Money3, we provide individuals with a second chance and a fair go at obtaining car finance. We are specialist lenders under 'bad credit car loan Adelaide', and may approve loans for those with a poor credit history or receive Centrelink benefits.
We are a responsible lender regulated by ASIC. Our Australian Credit Licence is 389 067.
1. Subject to verification, suitability and affordability
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