Car Loans on Centrelink

Car loans up to $50,000 with Centrelink income less than 50% of your total income.
The maximum car loan with 100% of your income from Centrelink is $8,000 for first time customers.

  • 100% Centrelink Considered1
  • Used Cars and Other Vehicles OK
  • Private Sale or Dealerships OK
  • Bad Credit History Considered1
  • No Deposit Necessary!
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What People Are Saying About Money3

Centrelink Car Loans up to $50,000

Money3 could be the key to getting your car loan on Centrelink approved. Whether part or all of your income is from Centrelink payments, we'll give you a fair go1 and increase your chances of getting car finance when looking over your application.

The easiest way to get started, is to complete the short form above and let us know a bit more about your income and expenses. This is so we can put together a loan offer that is suitable and affordable to you in your current situation1.

We'll let you know how much you could afford to borrow based on your income, expenses and affordability, as well as an indication of what your weekly or fortnightly repayments would be, to put you right in the driving seat.

With Money3, we'll let you know how much you could borrow by giving you a loan pre-approval offer. This will allow you to go out and start looking for your next vehicle.

Used or second hand vehicles are very common for our car loan on Centrelink customers and you could start looking online or by visiting your local used car dealerships.

All vehicle types are considered with our Centrelink vehicle finance options, so we are happy to finance cars, motorbikes, caravans or even other vehicle types, such as boats or minibusses.

Car Finance Centrelink in Australia

Money3 is a licensed credit provider operating under an Australian credit licence. As part of our initiative to give all Australians a fair go at obtaining a loan while on a Centrelink car allowance1, our Centrelink car finance services are available all across the country.

Our services include:

  • Centrelink Car Finance NSW
  • Centrelink Car Finance QLD
  • Centrelink Car Finance Brisbane
  • Centrelink Car Finance Perth
  • Car finance for Centrelink Customers Melbourne

Getting Pre-Approved for Centrelink Car Finance

What is a pre-approval loan offer?

Before you go out and start looking for a new or used car, it is important to know how much money you can afford to spend on your next vehicle. It can be very frustrating and disappointing to fall in love with a vehicle, only to find out later, when looking for a loan that the vehicle is too expensive and that you won't be able to finance the vehicle.

Your pre-approval loan offer with Money3, gives you a clear indication of what you can afford to borrow and that all you need to do is find a suitable vehicle, within the loan offer range.

By having a pre-approval loan offer, you'll know which vehicles could be suitable for your budget. Once you have settled on a vehicle that you'd like to purchase, we can then step in and quickly finance the deal, providing everything about the vehicle checks out1.

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Car Loans on Centrelink up to $50,000

What conditions are required to apply for car finance Centrelink?

To qualify with us, you must:

As a responsible lender, how much you could borrow with us will be based on how much you can comfortably and affordably repay within the loan term.

We can accommodate people receiving Centrelink payments and offer car finance Centrelink loans1.

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Car Loans on Centrelink up to $50,000

Example Car Loans on Centrelink 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

Relevant Questions & Answers

What is a Centrelink car loan?

A Centrelink car loan is offered to customers who get all or most of their income via Centrelink. Many lenders will not be willing to finance a car loan to customers whose income is only via Centrelink.

The good news is that Money3 considers all types of income, whether from employment or Centrelink payments when assessing your loan application. This is because your Centrelink payments may qualify as income. Your Centrelink car finance and car loan could be approved with Money31

What documents or details do I need when I apply for car loans on Centrelink benefits?

The application process for Centrelink car finance is quick and simple, as 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.

You can also verify 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. These details are necessary for your car loan on Centrelink.

Do I have to provide security for a car loan on Centrelink?

As the car or vehicle you will be buying with your car loan from Money3 is used as security for your loan, no other security is required.

What is the maximum I could borrow for a car loan on Centrelink?

If your regular income is a mix of earnings from employment, plus Centrelink payments, then the maximum you could borrow could be up to $50,000 depending on your affordability1. If your income is over 50% and up to 100% from Centrelink benefits, then the maximum we could finance would be up to $8,000 for first time customers. You can use a car loan calculator or our comparison chart above to assess your potential loan amounts.

Can existing or previous customers with 100% income from Centrelink payments borrow more?

Yes, it is possible for existing customers with 100% income from Centrelink payments to borrow more than $8,000, although your repayment history and the loan affordability will be taken into consideration1.

As licensed credit providers operating under an Australian credit licence, Money3 specialises in providing many Australians with flexible finance options. The whole process is transparent, from comparison rates, the pre-approval loan process to your loan contract with us1.

Can I borrow if I am on youth allowance?

Unfortunately, we are unable to consider youth allowance, abstudy and austudy as income in the context of our car loans on Centrelink.

Can I get a car on finance if unemployed?

Yes, if you are unemployed, you may be able to get a car on finance depending on your income from Centrelink payments and the affordability of the loan1. Receiving Centrelink payments of a certain type such as single parent payments may influence your ability to get a car on finance. No matter your personal circumstances1, our team at Money3 are dedicated to giving you a fair go at loaning a car outright.

Will I need to save a deposit for my car finance on Centrelink?

No you won't have to. If you have saved a deposit, great, that can be used together with your loan from Money3, but it is not necessary to have one.

Do I have to use a dealership to buy my car?

No you don't. However, where you choose to find your vehicle is up to you. Dealerships and private sales are fine.

Is it possible to have a joint Centrelink car finance loan?

Yes, that is also possible. Complete the application as a single applicant and let us know that you'd like to make a joint application. The amount you could borrow with a joint application may be higher1.

Is it possible to get bad credit Centrelink car loans?

Yes, it is1. We will look at your current financial situation and your affordability when reviewing your application for finance. At Money3, we are specialists in assisting people with irregular financial circumstances and will give you a fair go when applying for a car loan. This may apply to people with a bad credit history and would like bad credit car loans Centrelink1. See Pensioner Car Loans for more details regarding a car loan on Centrelink payments (including pension).

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