Bad Credit Car Loans Perth up to $50,000

Get fast & flexible bad credit car loans in Australia with Money3

  • All Vehicle Types OK
  • Fast Pre-Approvals
  • Centrelink Considered1
  • Bad Credit Rating Considered1
  • No Deposit Required
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Latest Loan Reviews

Apply for Bad Credit Car Loans in Perth with Money3

Money3 could help you get car finance when others can’t1.

We’ll consider your loan application even if you have bad credit or receive income from Centrelink. Money3 could provide you with up to $50,000 to purchase any vehicle, including Cars, Motorbikes, Trucks, Boats, Caravans, and more (depending on affordability).

It’s easy to get started. Complete the short form on this page, and we’ll get back to you quickly.

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

Who Can Get a Car Loan with Money3?

We believe in giving everyone a fair go. If your loan applications have been rejected in the past due to you receiving Centrelink payments or because you have bad credit history, you could still get car finance with Money31.

Money3 will still consider your loan application, even if:

To be eligible for a loan from Money3, you firsty need to meet our basic eligibility criteria. As long as we are happy that the loan is suitable and affordable for you, we’ll help you get your loan for a car (or another type of vehicle) approved as fast as we can.

Please remember that once you have decided on the vehicle you want to purchase, your loan pre-approval offer is subject to final approval by Money3.

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

How to Apply for Bad Credit Car Loans in Perth with Money3

Money3’s quick and easy bad credit car loans mean you could be enjoying your new car, motorbike, caravan, or other vehicle sooner than you think. Our fast pre-approval process means you could get up to $50,000 towards your vehicle of choice, even with a bad credit history1.

If you’re a permanent resident with an income (including Centrelink) of at least $1,850 a month, you can apply for a bad credit car loan in Perth. We’ll give you a fair go!

To apply, you must:

  • Be Over 18 Years Old
  • Have Take Home Income or Benefits over $425 a Week1
  • Be an Australian Resident
  • Get Your Income Paid into Your Account
  • Be Employed or Receiving Centrelink payments1

Complete the short form at the top of the page or click the button below to get started. To get started, all we need is a few basic details, and you'll be on your way. You can continue to complete your application online, or if you prefer, you can resume it later from our reminder emails which allow you to jump right in, where you left off.

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

Example Bad Credit Car Loans in Perth Costs Chart

19.95% APR
25.00% APR
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

What are bad credit car loans?

Bad credit car loans work the same way as other types of vehicle finance. The main difference is the level of risk to the lender, which may result in increased interest and repayments. At Money3, we believe in giving people who have poor credit history a fair go1, and we’ll ensure that repayments are affordable to you based on your financial circumstances. Because we are committed to responsible lending, we only approve finance for customers who we believe can comfortably afford to pay it back based on their regular income, considering their other financial commitments (like loans, rent and utilities).

What are the pros and cons of bad credit car loans?

As with any financial product, bad credit car loans have their pros and cons.


  • Higher chance of loan approval
  • Manageable weekly, fortnightly, or monthly repayments
  • Flexible repayment terms to suit your circumstances
  • Could help to rebuild and repair poor credit history
  • Lenders can be more understanding if you miss a repayment


  • The maximum amount you are eligible to borrow could be lower
  • The interest rate is usually higher (to offset the increased risk to the lender)
  • Larger loans may need to be secured by collateral, such as your car

Bad credit loans are always going to be a trade-off. To access finance with a poor credit rating, you need to be prepared to pay higher interest. At Money3, our goal is to provide all kinds of borrowers with a finance option that is reasonable and affordable for them based on their financial circumstances, even if they have bad credit history1.

Do I need a deposit?

No, a deposit isn’t required. However, if you’ve got a deposit saved up, it can help you afford a higher value vehicle when combined with your loan pre-approval.

How is a loan from Money3 different from other lenders?

Other lenders could be unwilling to lend to you due to your bad credit history without considering other factors that govern your ability to repay the loan. At Money3, we will give you a fair go1 and look at all aspects of your financial situation when assessing your loan application. We work to ensure that the loan is affordable to you, not whether you have had bad credit or receive income from Centrelink.

Money3 is a responsible lender regulated by ASIC. Our Australian Credit Licence is 389 782.

How can I check my credit history?

To check your own credit history, you need to undertake a credit check against yourself (similar to what lenders do when they assess your loan application). Different online providers can help you perform a credit check for free, but you will need to provide some personal information to them. It’s important to remember that performing a credit check too often can harm your credit score in the same way that applying for several loans at once does.

What credit score is considered bad?

The way credit score is calculated will depend on the credit reporting agency, but in most cases, the score ranges between 0 and 1000. If your credit score is below 500 or “below average”, most lenders would consider it bad.

Does Money3 lend to people with a bad credit history who also receive Centrelink payments?

Yes, we do. How much you could borrow from us will be adjusted by your income, which can come from work earnings, Centrelink benefits, or a combination of the two. Don’t assume you won’t be approved; Money3 is adept at lending to people who have had bad credit or receive government benefits, and we’ll work with you to provide you with a suitable and affordable loan if we can1.

Does Money3 perform a credit check on bad credit car loan applications?

We don’t perform a credit check on all loan applications. We may run a credit check after our initial checks before pre-approval. Note that this credit check, if it occurs, may cause an enquiry to be noted in your credit report.

Can I get a car loan with a 500 credit score?

Yes, you could1. Your credit score is not the main factor we look at when considering your finance application. We’ll assess a variety of different factors to determine your suitability for a loan.

Can I apply for a loan with defaults on my credit file?

Yes, you could1. Money3 knows that unexpected financial challenges can sometimes occur, causing a default to be listed on your credit file. As long as you are back on track and committed to making repayments on time, we can review your application. We’ll ensure that the repayments for any loan with us are reasonable and affordable for you.

Will my bad credit rating reduce how much I can borrow?

Not necessarily. At Money3, we are mainly concerned with your capacity to repay the loan based on your current financial circumstances, and we have experience lending to people who have had bad credit in the past. In some cases, we can extend the loan term to make repayments more affordable.

If you have had bad credit, we believe you deserve a second chance and shouldn’t be prohibited from securing a loan if it’s suitable for you. Money3 provides fast, flexible, and fair finance for customers we believe can comfortably make repayments and approval is not based solely on a credit check.

Will I need to fix my credit score to get a car loan with Money3?

No, Money3 could provide you with a bad credit car loan in Perth if your earnings are sufficient and you meet our eligibility criteria1. We’ll give you a fair go, even if you have bad credit history.

However, you should still strive to repair your credit rating if you can. Doing this will enable you to access more finance with lower interest rates. Paying back your loan with Money3 without any issues could help to improve your credit score.

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

Sorry, we cannot assist anyone who is currently bankrupt or in a Part IX debt agreement.

Can I get finance on any other vehicles other than a car?

Yes, you could1. Money3 can finance almost any vehicle, from cars to bikes, boats, campervans, and more. We can even provide finance for horse floats and other types of trailers. If the type of vehicle you want isn’t listed, just select ‘Secured Loan’, and our team will ask you for more details as part of your application.

Does Money3 provide personal loans?

Yes. Besides car loans, Money3 could also provide you with a personal loan of up to $12,0001, and we will consider those with bad credit history or receiving Centrelink income.

What documents or details do I need to get a bad credit car loan in Perth?

Money3’s application process is quick and simple - the information you need shouldn’t be hard to collect. We will need to confirm your contact details, address, employment details, and regular expenses (like rent and other loans). You can also choose to verify your driver’s license, which will help to speed up your application. Due to responsible lending obligations, we will also need 90 days of bank statements which you can provide online in a few minutes.

Once we have the necessary information, we will determine your eligibility for a loan.

Can I pay back my loan early?

Yes, of course. We have no hidden fees or charges, so there’s no downside to paying back your loan early if you want to.

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