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Second Chance Car Loans

  • All Vehicle Types OK
  • Fast Pre-Approvals
  • Centrelink Considered1
  • Bad Credit Considered1
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Latest Loan Feedback from Money3 Customers

Get a Second Chance with Car Loans up to $50,000

If you have been knocked back by the big banks due to bad credit or a mark on your credit file, Money3 could help1.

Everybody deserves a second chance and our team at Money3 will do our best to give you a fair go. Our second chance car loans are available for any type of vehicle from a new or used car to a truck or campervan. Your application will be considered regardless of whether you are receiving Centrelink payments or have a bad credit rating.

The easiest way to find out how much you can borrow is to apply for second chance finance now and get your loan application pre-approved. Simply complete the short form above and give us a few details about yourself so that we can get back in touch with you. After this short form has been submitted, your interest will be registered and we will do our best to get back to you with the conditions of your second chance finance as soon as possible during office hours.

To speed things up, you will be given the option to provide some additional details online, so that we have enough information to assess your second chance finance application quickly. This may include verifying your identity, your income and expenses and other individual financial circumstances.

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Second Chance Car Loans up to $50,000

Been Refused Credit? We Could Help1

Getting your loan approved1 with Money3, may be easier than you think. Money3 will go the extra mile for your loan approval. Even if you are on Centrelink benefits or have a bad credit history, as long as you meet our basic criteria and the loan is suitable and affordable for you, then you are likely to be approved!

Your pre-approval is a loan offer and is subject to final approval by Money3.

With Money3 you'll get a second chance1, even if:

  • You are receiving disability or parenting pension payments
  • You have been refused credit elsewhere
  • You have retired and are on a pension
  • You are receiving Centrelink income
  • You don't have a good credit history
  • You have had bad credit in the past
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Second Chance Car Loans up to $50,000

How Does Second Chance Finance Work?

We'd like to see you driving away with your new car as soon as possible.
If you already have a car or other vehicle in mind, or are looking to find out how much you could borrow first, we'd like to help.

Second Chance Loans Australia

Even with bad credit, as long as you are an Australian resident and your income; that is earnings and Centrelink income totals $1,8501 a month or more, you are likely to qualify1.

To apply for a second chance loan in Australia, you must:

Get started by completing the short form above. Tell us a little about yourself and we'll take it from there and we can give you a call back or you can continue your application, giving us all the information we need to assess your loan pre-approval. This includes bad credit car loans.

Our loan services are available around the country, including second chance car finance Brisbane, Melbourne, Sydney and Perth.

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Second Chance Car Loans up to $50,000

Popular FAQs

What is a Second Chance Car loan?

A second chance car loan is also called a bad credit car loan. These loans are generally offered by lenders who specialise in offering loans to customers who may have had their applications rejected by other lenders and may be willing to give the customer a 'second chance'. They are similar to any other car loan, however, due to the increased risk to the lender, the interest and repayment rates may be higher. With Money3, we like to give everyone a fair go1 or a second chance, so we will take your situation into consideration, so that the repayments are affordable to you.

What does second chance financing mean?

Second chance financing means being given a 2nd chance to obtain a loan. At Money3, we may offer you a flexible secured loan product to help you finance your car. Similar to a traditional loan, second chance loans often involve a careful assessment of your credit score, car finance history, and income levels.

We will make sure to assess your loan application in detail so that you are able to finance your dream vehicle and 2nd chance cars stress free.

What are the advantages and disadvantages of second chance car loans?

Advantages

  • A second chance of getting your loan approved
  • Manageable weekly, fortnightly or monthly repayments
  • Flexible repayment terms, built around your circumstances
  • Chance to repair and rebuild your credit rating

Disadvantages

  • Your loan may be more expensive
  • Security may be required for larger loans

How are Money3's second chance car loans different from other lenders?

At Money3, we will give you a fair go1, so getting approved may be easier than you think. Other lenders may regard your bad credit as too much of a risk and won't give you a second chance. We will look at your individual situation, when reviewing your application and will do our best to make sure that your repayments are reasonable and affordable to you and receive a 2nd chance finance1.

I have made some mistakes in the past - could I really get a second chance with Money3?

Yes you could get a second chance1. We will look at your current situation afresh and won't automatically reject your application, despite to mistakes that may have happened in the past.

Can I get car finance with really bad credit?

Yes, you could1. At Money3, our second chance finance specialist will assess your loan application and determine whether or not we can offer you our 2nd chance loans for bad credit or bad credit car loans. This second chance loans bad credit opportunity may be available to individuals with bad credit history.

Example Second Chance Car Loans 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

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