Get up to $75,000 for your vehicle purchase in Sydney
It’s easy to feel discouraged, and like you’ve run out of options if you’ve been turned away from car finance due to a poor credit score.
Fortunately, Money3’s bad credit car loans in Brisbane will ensure you are given fair go. At Money3, we don’t fixate on your credit score or income sources. Whether you receive some or even all of your income from Centrelink, we want to give you a second chance. Our team considers your income balance and expenses to provide you with an optimal and secure loan1.
With Money3, you could access up to $75,000 to purchase Cars, Motorbikes, Trucks, Boats, Caravans or any other type of vehicle.
Applying is quick and simple - fill out the form at the top of the page or click on the link below.
1. Subject to verification, suitability and affordability
You need to meet a few eligibility requirements to apply for a bad credit car loan with us.
These include:
If you fulfil these requirements, we are happy to assess your loan application and give you a second chance. You can apply for a loan with us even if you:
At Money3, we aim to provide car finance options adjusted to your financial situation. If we find your loan application appropriate to your financial circumstances, we will do our best to give you a pre-approval offer as soon as we can.
Please keep in mind that you will need to pass our final check to receive our loan pre-approval.
1. Subject to verification, suitability and affordability
If we determine your loan application appropriate to your financial situation, Money3 can provide you with a pre-approval offer up to your requested loan amount1. After receiving our pre-approval offer, you can visit another private seller or dealership in Brisbane (or even in another state) to help you pay for your car or other desired vehicle.
Getting pre-approved with Money3 is beneficial as it allows you to shop for your desired vehicle while knowing your price range. This saves you the hassle of figuring out what kind of vehicle you can afford and can also help you avoid any budget-related disappointments.
Pre-approvals effectively help you keep your expectations realistic and save you time shopping for your perfect 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’s possible. Our team at Money3 will carefully assess your financial situation and credit score and may provide you with a pre-approval offer or other appropriate finance offers. We may finance your car even if you have a really bad credit history.
Money3’s financing services are unique as our bad credit car loans give Brisbane residents who have a poor credit rating another chance to borrow money for a new vehicle. We prioritise providing you a fair go, even if other credit providers and financial institutions have rejected you due to your below-average credit score on your credit file or previous conduct.
As the primary loaning service under ‘bad credit car loan Brisbane,’ we make sure our loan conditions are appropriate to your financial situation.
We will determine whether you can afford a car loan by assessing the details of your regular income and expenses that you provide to us. We use this information to determine your borrowing power level and how much money you can borrow.
To get a bad credit car loan in Brisbane, you need to earn more than $480 a week. You can earn this income from working, Centrelink or other pension payments.
An independent credit reporting agency determines your credit history. It is a record of your borrowing endeavors, and most commonly tracks loans and credit card debts.
Your credit history is typically assessed when you apply for a loan with a loan agency. The lender will provide you with a credit report, which determines your credit score (usually a number from 0 to 1000) and your borrowing power. Those with a score of below 500 are generally deemed to have a bad credit history.
Most lenders will not lend to individuals with a bad credit history. However, at Money3, we believe in giving all individuals a fair go. We can look past your bad credit history and may be able to provide you with car finance
No, a deposit is not necessary. However, having money saved is always a good idea as it increases the chance of you getting your loan pre-approval and purchasing a more expensive vehicle.
Yes, you can. There are many online providers available which can check your credit file for you. However, please note that checking your credit score too often may lower it, as it shows that you are applying for loans frequently.
At Money3, we typically do not check your credit score beforehand. However, we may after you have passed our initial assessments and prior to approval. Please keep in mind that inquiries we make as part of our assessments may be included in your credit file.
With our loans, you can purchase any car you’d like. We don’t restrict your new car based on the model or maker of the vehicle. You can even be financed for any vehicle, including boats, trailers, and campervans.
Paying back your bad credit car loan without any problems can help improve your credit score. This is because it demonstrates that you can pay back your loan responsibly and on time. Credit reporting agencies may consider you favorably when you have a proven track record of successful debt management.
Unfortunately, we cannot approve you for a car loan if you are currently bankrupt or in a Part IX debt agreement.
Yes, you can apply for a personal loan from Money3 instead of a car loan. Our Personal Loans go up to $30,000.
When you apply for a bad credit car loan, you will need to provide us with some basic details, such as your:
Having your driver’s license handy will also speed up your documentation process.
Yes, you can. Making your car loan repayments early may also help improve your credit when looking for another loan.
Money3 is different from other financers in Brisbane because we provide second chance car finance to individuals with a bad credit rating or Centrelink income. Unlike other financial institutions such as banks and car loan brokers, we believe you deserve a second chance at car finance and will assess your financial situation so that our loan conditions are appropriate for you.
Money3 is a responsible lender regulated by ASIC. Our Australian Credit Licence is 389 067.
1. Subject to verification, suitability and affordability
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