Small Car Loans

Money3 could help you buy a used car or new car from a dealership or private seller with a small car loan.

  • All Vehicle Types OK
  • Fast Pre-Approvals
  • Centrelink Considered1
  • Bad Credit History Considered1
  • No Deposit OK
Get Started

Recent Car Loan Reviews

Any Credit Considered1 - Small Car Loans

Money3 may be able to help you out with small car loans where others lenders can't.

Even if you have been turned away by other lenders before, our team at Money3 will strive to give you a fair go1. We'll assess your financial situation and with your small car loan pre-approval1, we'll let you know how much you may be able to borrow. Our small car loans can help you finance other types of vehicles you're interested in purchasing, such as motorbikes, vans, motorboats, and caravans.

At Money3, we provide a flexible service and will consider financing a new or used vehicle. You may choose to go through a dealership or via a private sale, when researching and finding your next vehicle.

How it Works

Basic Criteria Check

Before you apply, it is good to check and confirm that you meet our basic criteria, for our small car loans:

Apply Online

Get started on your small car loan by filling out our quick online pre-approval request form.

Once you have filled out the form with some basic information about your income and expenses, our experienced team at Money3 can assess whether we have can offer a small car loan that will suit your needs. We've made applying for loans online easier by allowing you to upload your bank statements and other documents to us through our form automatically.

Get Started Now

Car Finance up to $75,000

Application Review

When the online application is complete, and we have your bank statements, we may need to contact you to confirm a few details, or to answer any questions you may have about the pre-approval process.

Your Vehicle Loan Pre-Approval

After receiving and reviewing all the information we need to assess your application with us, you may receive your small car loan pre-approval1. This will confirm your maximum pre-approval offer amount. Your loan pre-approval offer is subject to final approval, when you have found your vehicle. Having a loan pre-approval is advantageous as it means you can go out and find a suitable vehicle priced up to that amount - either new or used, from a dealership or via a private sale.

Finding Your Vehicle

Once you've identified what vehicle you'd like to purchase with your small car loan, let us know and we'll take care of the rest.

Even if we haven't given you your pre-approval yet, if you've already discovered the automobile you wish to buy, that's OK. Complete the quick online form above and we'll guide you through the process.

After you've discovered your ideal car and told us you'd like to go ahead and buy it, we'll do a final review of your application. We will then make the loan payment on your behalf and work with your dealership or private seller directly to purchase your automobile.

Get Started Now

Car Finance up to $75,000

Why Choose Money3?

Money3 is a non-bank lender that specialises in providing a variety of loan solutions for people from all sorts of financial backgrounds.

Giving You a Fair Go

At Money3, we'll give you a fair go at small car loan applications, even if you've been rejected by other lenders in the past. We thoroughly assess your financial status to ensure that you receive a loan that is appropriate and affordable for you1.

Flexible Lending

We are responsible lenders with personalised solutions. Our loan options are adaptable and can be suited to your requirements.

Focus on Customer Care

We focus on delivering high quality and attentive care to our customers. Our knowledgeable and helpful customer care team will assist you through the loan application and repayment procedure.

Wide Range of Product Offerings

We offer a wide range of car loan options. Whether you're after a new car loan, used car loan car loans, personal loan, or any other vehicle loan, we'll do our best to accommodate your requirements to your financial situation.

Positive Reviews & Top Ratings

Money3 has a proven track record of assisting clients find the right customised financing option for their dream vehicle. Money3 could help you get a loan at an affordable monthly cost based on your personal circumstances1.

Get Started Now

Car Finance up to $75,000

Car Loans We Offer

Customers who have viewed this page and shown an interest in small car loans have also visited the following pages:

Vehicle Finance

We provide a large selection of vehicle financing alternatives. With Money3, you can finance a car, motorcycle, caravan, or boat up to $75,000.
Vehicle Finance

Used Car Loans

Looking to buy a used vehicle? Money3 can provide secured loans to assist you in purchasing a pre-owned vehicle.
Used Car Loans

Bad Credit Car Loans

You could obtain a car loan with Money3, no matter your credit history or credit rating. At Money3, we strive to give everyone a fair go.
Bad Credit Car Loans

Second Chance Car Loans

If you've previously been rejected by a lender, you may not be feeling as confident applying for another loan. Rest assured that our team at Money3 will give you a fair go and assess your loan application, even if you have been turned away before.
Second Chance Car Loans

Car Loans on Centrelink

You may be able to get a small car loan with Money3, even if you're receiving income from Centrelink. With Money3's Centrelink focused vehicle loans, you're one step closer to purchasing your dream car.
Car Loans on Centrelink

Electric Car Loans

Are you looking to purchase an electric car? Money3's electric car loans can help finance your new purchase.
Electric Car Loans

Example Car Finance Costs Chart

13.95% APR
19.95% APR
24.95% APR
Borrow Costs Repay
$5,000 $1,909 $6,909
Platinum secured personal loan for 24 months at 13.95% APR & 34.16% Comparison Rate
$10,000 $6,925 $16,925
Platinum secured personal loan for 48 months at 13.95% APR & 29.11% Comparison Rate
$25,000 $14,850 $39,850
Platinum secured personal loan for 60 months at 13.95% APR & 20.38% Comparison Rate
$50,000 $30,285 $80,285
Platinum secured personal loan for 72 months at 13.95% APR & 17.23% Comparison Rate
$75,000 $42,219 $117,219
Platinum secured personal loan for 72 months at 13.95% APR & 16.15% Comparison Rate
Borrow Costs Repay
$5,000 $2,313 $7,313
Silver secured personal loan for 24 months at 19.95% APR & 40.63% Comparison Rate
$10,000 $8,676 $18,676
Silver secured personal loan for 48 months at 19.95% APR & 35.35% Comparison Rate
$25,000 $20,883 $45,883
Silver secured personal loan for 60 months at 19.95% APR & 27.39% Comparison Rate
$50,000 $42,963 $92,963
Silver secured personal loan for 72 months at 19.95% APR & 23.32% Comparison Rate
Borrow Costs Repay
$5,000 $2,661 $7,661
Bronze secured personal loan for 24 months at 24.95% APR & 46.04% Comparison Rate
$10,000 $10,216 $20,216
Bronze secured personal loan for 48 months at 24.95% APR & 40.60% Comparison Rate
$25,000 $25,625 $50,625
Bronze secured personal loan for 60 months at 24.95% APR & 32.59% Comparison Rate
$40,000 $44,982 $84,982
Bronze secured personal loan for 72 months at 24.95% APR & 29.27% Comparison Rate

Questions & Answers

What is a small car loan?

A small car loan is a loan that is specifically for the purchase of a small car. The loan amount will be based on the value of the car itself, as well as your financial situation and ability to repay the loan.

How much can I borrow with a small car loan?

You could borrow up to $75,000 with a small car loan1 with Money3.

Is it worth getting a small car loan?

Whether it is worth taking out a small car loan depends on your financial situation. If you don't have enough money to purchase a small car outright or would want to put your savings into other things, getting a small car loan may be worth it, so you can get on the road sooner.

You can speak with a Money3 team member for advice on getting a small car loan.

Which is a better loan, a car from the bank or dealer?

Banks and independent dealers can offer different loan terms, fees and interest rates. The best option depends on your financial circumstances and preferences.

In general, banks have stricter lending approval criteria than independent dealers, who can source a lender to match your needs. If you have poor credit history or are on Centrelink income, you are more likely to be offered a loan from an independent dealer.

How do I apply for a small car loan?

Get started with your small car loan application online by filling out your information on Money3's short application form. Your application should take about 5 minutes. After you have submitted your application, we'll review your details and assess whether a small car loan is suitable for you.

Get Started Now

Car Finance up to $75,000

What do I need when I apply for a small car loan?

You'll need your general contact details, address, employment details, and regular expenses when applying for a small car loan. You may also provide your driving licence to speed up your application.

After your initial application, you will need to provide 90 days' worth of bank statements to confirm your financial status. You can give this information to us online securely in a few minutes.

Does Money3 provide small car loans to people on Centrelink?

Yes, we do1. We look at your entire income, whether it's from Centrelink or other external sources. We will consider your application for finance as long as your income is greater than $480 each week.

Could I get a small car loan if I have a bad credit history?

Yes, you could1. When assessing your loan application, we'll take a look at your financial position to manage car loan repayments. We may deem you capable of repaying your loan, even if you have a bad credit history.

Does Money3 offer both secured car loans and unsecured car loans?

All our small car loans are secured loans. You cannot apply for an unsecured car loan with Money3, however we also offer a range of smaller personal loans, up to $30,000.

Can I apply as a self-employed worker?

Yes, you can apply for quick and easy small car loans as a self-employed worker1. However, you will need to demonstrate regular income in your 90 days bank statements to be approved.

Do I need to have a deposit to qualify for vehicle finance?

No, you don't. However, putting a deposit down may assist your loan approval decision or help securing a higher value vehicle. Your loan repayments may also be lower.

Should I find a vehicle first, before I apply to Money3?

No, you don't have to. However, if you already have a vehicle in mind, please let us know so that we can fast track your application.

Do you finance used or only new small cars?

We are happy to finance both used and new small cars. At Money3, we also provide finance options for other vehicles such as boats, motorbikes and vans.

How long is the loan term?

Your loan term depends on your income and affordability, the amount you wish to borrow, and your preference for a shorter or longer loan term. Generally, our small car loans are over 2 to 3 years, sometimes longer up to 5 years.

Can I pay off my loan early?

Yes, you can. Note that there is no penalty fee for an early repayment.

What will my car loan cost me to repay each week?

Our Car Loan Calculator can help estimate your loan repayments with us each month1. Our calculator takes into account your small car loan interest as well as your type of loan so that you can compare car loans (e.g. variable rate car loans versus fixed rate loans).