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Bad Credit Car Loans in Brisbane up to $50,000

Get up to $50,000 for your vehicle purchase in Sydney

  • All Vehicle Types OK
  • Fast Pre-Approvals
  • Centrelink Considered1
  • Bad Credit Score Considered1
  • No Deposit Required
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Have a Bad Credit Score? Get a Bad Credit Car Loan Brisbane with Money3

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 $50,000 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.

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Bad Credit Car Loans in Brisbane up to $50,000

Who’s Able to Get a Bad Credit Car Loan in Brisbane?

You need to meet a few eligibility requirements to apply for a bad credit car loan with us.

These include:

If you fulfill 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.

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Bad Credit Car Loans in Brisbane up to $50,000

Benefits of Getting Pre-Approved with Money3

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.

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Bad Credit Car Loans in Brisbane up to $50,000

Example Bad Credit Car Loans in Brisbane Costs Chart

Platinum
19.95% APR
Silver
25.00% APR
Bronze
28.00% APR
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
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
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

Frequently Asked Questions

Can you get car finance with bad credit?

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.

What is unique about our bad credit car loans in Brisbane?

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.

How do we determine whether you can afford a car loan with us?

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.

How much income should you earn before you can get a bad credit car loan in Brisbane?

To get a bad credit car loan in Brisbane, you need to earn more than $425 a week. You can earn this income from working, Centrelink or other pension payments.

Who determines whether you have a bad credit history?

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

Do you need a deposit before applying for a bad credit car loan?

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.

Can you check your credit score?

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.

Do we check your credit score before you apply for a car loan?

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.

What kind of cars can you purchase?

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.

How could your credit score improve with a bad credit car loan?

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.

Can you get approved if you are bankrupt or in a Part IX debt agreement?

Unfortunately, we cannot approve you for a car loan if you are currently bankrupt or in a Part IX debt agreement.

Can you apply for a personal loan instead of a car loan?

Yes, you can apply for a personal loan from Money3 instead of a car loan. Our Personal Loans go up to $12,000.

What documentation will you need to apply for a bad credit car loan?

When you apply for a bad credit car loan, you will need to provide us with some basic details, such as your:

  • Address
  • Contact details
  • Regular income and expense details
  • 90 days of bank statements details

Having your driver’s license handy will also speed up your documentation process.

Can you pay back your car loan early?

Yes, you can. Making your car loan repayments early may also help improve your credit when looking for another loan.

How are we different from other financers in Brisbane?

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 389 782.

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