Car Finance on Centrelink in Perth

Get a car loan up to $75,000 if your Centrelink payments make up less than 50% of your total income1. First-time customers could access up to $10,000 if 100% of their income comes from Centrelink payments1.

  • 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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Latest Loan Reviews

Perth Car Finance on Centrelink up to $75,000

Money3’s Centrelink focused car loans could be key to helping you finance a new vehicle. We’ll give you a fair go and consider your application whether all or part of your regular income comes from Centrelink1.

Get started by completing the short form above and providing us with some basic details about you and your financial circumstances. Our team will work with you to provide a car loan offer that’s reasonable and affordable for you.

We’ll make sure you know how much you’ll be able to borrow and what your repayments will be before you continue with the loan. We can then provide you with a loan pre-approval offer that you can use to shop for a new car, motorbike, truck, caravan, or any other type of vehicle.

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Perth Car Finance on Centrelink up to $75,000

Getting Pre-Approved

It can be very frustrating to find a vehicle you like, only to discover later that you can’t afford to purchase it. A pre-approval offer from Money3 gives you a clear indication of what vehicles are affordable. We’ll let you know the amount you would be eligible to borrow, allowing you to confidently look for a new or used car that you know is within your price range.

Once you find a suitable vehicle, Money3 can step in and finance the purchase, as long as everything about the vehicle checks out1.

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Perth Car Finance on Centrelink up to $75,000

Who Can Get Car Finance on Centrelink in Perth?

Money3 may be able to provide car loans on Centrelink to those receiving benefits such as centrelinki pensions, parenting payments and family tax benefit payments1. We are committed to responsible lending, which means that we will only provide you with a car loan if it is suitable and affordable based on your financial circumstances.

To be eligible for a car loan from Money3, you must:

  • Be Over 18 Years Old
  • Have Take Home Income or Benefits over $480 a Week1
  • Be an Australian Resident
  • Get Your Income Paid into Your Bank 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 are 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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Perth Car Finance on Centrelink up to $75,000

Example Perth Car Finance on Centrelink Costs Chart

16.95% APR
22.95% APR
24.95% APR
Borrow Costs Repay
$5,000 $2,110 $7,110
24 Months at 16.95% APR & 37.39% Comparison Rate
$7,500 $5,042 $12,542
24 Months at 16.95% APR & 37.79% Comparison Rate
$10,000 $6,247 $16,247
36 Months at 16.95% APR & 35.44% Comparison Rate
Borrow Costs Repay
$5,000 $2,521 $7,521
24 Months at 22.95% APR & 43.88% Comparison Rate
$7,500 $6,017 $13,517
24 Months at 22.95% APR & 44.03% Comparison Rate
$10,000 $7,534 $17,534
36 Months at 22.95% APR & 41.71% Comparison Rate
Borrow Costs Repay
$5,000 $2,661 $7,661
24 Months at 28.00% APR & 46.04% Comparison Rate
$7,500 $6,352 $13,852
24 Months at 28.00% APR & 46.12% Comparison Rate
$10,000 $7,977 $17,977
36 Months at 28.00% APR & 43.82% Comparison Rate

Frequently Asked Questions

What is Car Finance on Centrelink?

Car finance is offered to customers who get some or all their regular funds from Centrelink payments. Many lenders can be unwilling to finance car loans to people receiving Centrelink benefits. Luckily, Money3 will consider all sources of income when reviewing loan applications. Whether you receive some or all your income from Centrelink payments, Money3 could approve your application for a car loan1.

Can I apply for a car loan if I receive Youth Allowance, Abstudy or Austudy?

No, sorry. Money3 will consider all Centrelink benefits except for Abstudy, Austudy and Youth Allowance payments.

What is the maximum I could borrow with money from Centrelink?

You could borrow up to $75,000 with Centrelink income and earnings from employment, depending on affordability1. If you’re a first-time customer and your total income is over 50% and up to 100% from Centrelink, the maximum amount Money3 could finance would be $10,000.

Can current or previous customers with majority income from Centrelink borrow more?

Yes, if you are a current or existing customer with most of your income from Centrelink, you can borrow more than $10,000. The affordability of the loan and your repayment history will be considered before you can be approved1.

How much will my repayments be?

Your monthly, weekly or fortnightly repayments will depend on the amount you borrow and the length of the loan term. Use our car loan calculator to quickly estimate what your repayments could be for different loan amounts.

What document or details do I need to apply?

Money3 has a quick and straightforward application process, so all the information you need to start your application should be easy to find. We will need confirmation of your contact details, address, and a breakdown of your employment and regular expenses (like rental bills). You can speed up the process by confirming your driver’s license. Once we have this information, due to responsible lending obligations, we will need 90 days of bank statements which you can provide easily and securely online in a few minutes.

Do I have to provide security for the loan?

No. The vehicle you purchase will act as security for the car loan, so you don’t need to provide any other collateral.

Do I need to save a deposit for my car loan?

No, a deposit is not a requirement. However, having money saved up and combining it with a loan from Money3 could enable you to get a higher value vehicle.

Do I need to buy from a dealership?

No, Money3 has no restrictions on how you choose to find a vehicle. Dealerships and private sales are OK.

Is it possible to submit a joint application?

Yes, it is possible. Complete your application the same way you would as a single applicant, and then let us know that you’d like to make it a joint application. A joint application could enable you to borrow more1.

Could I get a car loan on a Centrelink pension and with a bad credit rating?

Yes, you could1. Money3 will examine your financial situation and determine whether the car loan is affordable for you. We specialise in providing flexible finance options to Centrelink customers and others with irregular financial circumstances. We’ll give you a fair go no matter where your income comes from or whether you have a bad credit history1. Find more information about Pensioner Car Loans.

How is Money3 different from other lenders?

Money3 believes in a fair go for everyone who wants to apply for finance. We take a flexible approach to lending that enables us to provide loans to people that are typically refused finance by other lenders. We consider the entirety of a customer’s financial circumstances when they apply and won’t reject them solely because they receive government benefits or have a low credit score.

Money3 is a responsible lender regulated by ASIC. Our Australian Credit Licence is 389 067.

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