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Single Parent Car Loans up to $50,000

  • All Vehicle Types OK
  • Fast Pre-Approvals
  • Centrelink Considered1
  • Bad Credit Considered1
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Latest Loan Reviews

Car Loans for Single Parents up to $50,000

Money3 may be able to help you out with car finance when others can't1.

Our car loans for single parents are available up to $50,000 and could be used for any vehicle from a motorbike, truck or car to a motorboat or caravan.

Applying for a car loan with Money3 is easy, just select the kind of vehicle loan you are looking for above and give us a few details. We'll get back to you with a decision as soon as possible.

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Single Parent Car Loans up to $50,000

Car Finance For Single Parent Pensioners

If you are on a single parent pension (Sole Parenting Payment), Money3 could still provide you with a car loan1. We don't turn people away just because they are receiving benefits, or receive benefits which supplement their income. We give you a fair go and examine a range of factors to determine whether or not you can comfortably afford a car loan.

When you're sole parenting, it's important to have a safe and reliable car you can use to transport your kids to school and other commitments. With Money3, you could get approved for a car loan that has flexible and affordable monthly repayments1.

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Single Parent Car Loans up to $50,000

Who Gets Accepted?

Getting your single parent car loan approved1 may be easier than you think with Money3. Money3 will go the extra mile for you. As long as you meet our basic criteria and we are happy that the loan is suitable and affordable for you, then we will work with you to get your car (or other vehicle) loan approved as soon as possible. Your pre-approval loan offer is subject to final approval.

Money3 believes in giving everyone a fair go, which means we can provide car finance for single parent pensioners and other single parents who have had trouble getting a loan.

Single parents are looked at in much the same way as any other applicant, so we will consider your loan application1, even if:

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Single Parent Car Loans up to $50,000

How It Works

Applying for one of Money3's loan options is quick and easy. We'd like to see you get approved for a loan and driving away with your new car as soon as possible.
If you already have a car or other type of vehicle in mind, or are looking to get a loan pre-approval so you know what you can afford, we could help1.

Our car loans for single parents are eligible to you as long as you:

  • Are Over 18 Years Old
  • Have Take Home Income or Benefits over $400 a Week1
  • Are an Australian Resident
  • Get Your Income Paid into Your Account
  • Are Employed or Receiving Centrelink1

Use the links or short form on this page to get started. After providing us with some basic details, you can complete your application online by providing some details on your income and expenses plus digitally submitting your 90 days bank statements.

Once we have all the necessary information, we can assess your pre-approval for vehicle finance and get back to you with a decision quickly.

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Single Parent Car Loans up to $50,000

Example Single Parent 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

Why Choose Money3?

Lodging your application for a single parent car loan is easy with Money3.

With Money3, you can apply online in minutes without having to worry about any hidden fees or charges. Your loan costs and terms will be avaialble for you to review, when you sign your loan contract, so you can make an informed decision about going ahead with a car loan. Money3 wishes to help single parents get car loans that are affordable and flexible to suit their financial circumstances.

Money3's finance options could help you get the reliable, safe, and feature-packed car you need to help transport your children and get where you need to go1.

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Single Parent Car Loans up to $50,000

Frequently Asked Questions

Can you get a loan on a single parent pension?

Yes, you could1. Money3 can provide car finance to single parent pensioners who may have been refused credit by other lenders. We believe in giving everyone a fair go at securing a car loan, as long as it is reasonable and affordable to them.

Can I get a car loan on Centrelink payments?

Yes, Money3 will consider your car loan application if you are receiving Centrelink income1. We require that your income is over $400 a week to ensure you can comfortably repay the loan.

How are Money3’s loans different from other lenders?

At Money3, we will give you a fair go, so it may be easier than you think to get approved for a car loan. Money3 can provide car finance for single parent pensioners, and parents receiving Centrelink income or who have bad credit history1. During the application process, we will look at your individual financial situation and do our best to provide you with a finance option that will be flexible and affordable for you, taking the principal loan amount and interest rate into account.

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

Do you perform a credit check on car loan applications?

Not all applications for car loans will be subjected to a credit check. Currently, Money3 may run a credit check on car loans before they are funded, but only if the application passes our initial assessments. Depending on the loan amount you request, an enquiry may be listed in your credit report.

Can a single mum get a car loan?

Yes, it is possible1. Money3's car loans are available to anyone who meets our eligibility criteria, which is based on your age, residency status, and level of income, as well as your previous history with us. Even if you have been refused credit by other lenders because you have a poor credit rating or receive income from Centrelink, you could still be approved for finance with Money3.

Can aged pensioners get a car loan?

Yes it is possible1. Money3 also offers pensioner car loans with all vehicle types considered and fast pre-approvals.

Can Centrelink help me get a car?

Centrelink may not directly help you get a car, and some lenders may refuse you credit if you receive income from Centrelink. However, you could be approved for a car loan with Money3 if you are receiving Centrelink benefits1. Our goal is to make sure the loan is affordable and suitable to you, regardless of your type of employment or level of government assistance.

What documents or details do I need to get a car loan?

Money3's application process is designed to be easy, so all the details you need shouldn't be difficult to find. We need your contact details, employment details, address and breakdown of your regular expenses. You can also choose to confirm your driver's licence, which can help make the application process faster. At this point, due to responsible lending obligations, we will need 90 days of bank statements which you can provide securely online in just a few minutes.

Once you complete these steps, we will get back to you as soon as possible with a decision on your car loan application.

Can I pay back my loan early?

Yes. If you would like to pay back your loan early, you can do so without worrying about paying any additional fees.

What if I encounter financial difficulty?

The Money3 team understands that unforeseen events can affect your finances and make it impossible to make a repayment. If you experience any financial difficulty that stops you from making a repayment, please contact us as soon as possible by calling us on 1300 014 870, sending us an email at customercare@money3.com.au, or filling out our Financial Difficulty contact form.

As part of giving everyone a fair go, Money3 takes a reasonable, flexible, and real-world approach to help our customers manage their repayments. When you contact our Customer Care team, they'll work with you to create a new repayment plan to help you get back on track.

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