Real Reviews from Money3 Customers
Get on the road with a bad credit car loan
Explore our range of bad credit car loans for Perth drivers and rest easy knowing you're getting a fair deal.
Check out our step-by-step guide to getting a car loan with us
It's a fast online application, quick pre-approval process that could see you driving away in your new vehicle in 24 to 48 hours!
- 01.Get started online
Our simple online application requires a few personal details, your income and expenses plus a digital copy of your bank statements and you are done.
- 02.Your application gets assessed
We'll review your application, and you may be asked for additional documentation on a case-by-case basis before we can complete your assessment - which generally takes between 24 and 48 hours. If all looks good, you'll be given a pre-approval, which tells you how much you could borrow with us.
- 03.Select your new car
Whether you are north or south of the river, you can select your new or used for from a dealership or private sale - it's up to you. We'll run some final checks and if all is good, you can sign your loan contract with us.
- 04.Drive away
If all goes smoothly, you could be driving away in your next car in 24 to 48 hours.
1. Subject to verification, suitability and affordability
The online car finance solution for car loans in Perth
No Deposit Necessary
If you have a deposit, that is great. Without a deposit, we could finance up to 100% of your vehicle costs.
Get up to $75,000
Your actual loan amount will be based on the amount you requested as long as it is affordable for you, with repayments weekly, fortnightly or monthly.
Fast Turnaround Times
When it's time to buy, we provide you with the funds to complete the purchase of your car within 48 hours once approved.
More loan options to check out
Car Finance on Centrelink*
If you get Centrelink payments, you may be eligible for car finance on Centrelink up to $12,000.
Vehicle Finance Options
If you are looking to finance a motorbike, caravan, truck, trailer, boat or other vehicle, our vehicle finance is available up to $75,000.
Bad Credit Personal Loans
Money3 could also help provide much needed cash to fund all kinds of things from emergency car repairs, rental bonds, medical bills, travel, holidays and much more...
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
Example Car Loans Costs Chart in Perth
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $1,909 | $6,909 |
| 24 months at 13.95% APR & 34.16% Comparison Rate | ||
| $10,000 | $6,925 | $16,925 |
| 48 months at 13.95% APR & 29.11% Comparison Rate | ||
| $25,000 | $14,850 | $39,850 |
| 60 months at 13.95% APR & 20.38% Comparison Rate | ||
| $50,000 | $30,285 | $80,285 |
| 72 months at 13.95% APR & 17.23% Comparison Rate | ||
| $75,000 | $42,219 | $117,219 |
| 72 months at 13.95% APR & 16.15% Comparison Rate | ||
EXAMPLE: A platinum secured personal loan of $5,000 for 24 months has fees and charges totalling $1,909.35 and a total repayment of $6,909.35. The Minimum loan term is 24 months and the Maximum term 24 months. The loan term will be 24 months, 52 fortnights or 104 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 34.16%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,850.43 and a total repayment of $39,850.43. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 20.38%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 389067.
Car Loans in Perth FAQs
Money3 stands out from other bad credit lenders in Perth due to our commitment to providing a fair go for all applicants, even those with poor credit histories. We specialise in helping customers who might be overlooked by traditional lenders, including those who are self-employed or receive Centrelink payments. Our application process is straightforward, and we offer flexible loan terms with fixed rates, allowing you to manage your repayments with confidence. Additionally, we have a dedicated Australia-based customer service team, ensuring that you receive friendly and personalised support throughout your loan process.
Other financial providers may knock back borrowers with a poor credit score. At Money3, we consider other factors to determine whether a loan is do-able for you. Our bad credit car loans give Perth drivers a second chance.
Perth offers several great options for finding a used car. You can start with reputable online platforms like Carsales, Gumtree, or Autotrader, where you can filter your search based on your budget and preferences. Visiting local car dealerships in Perth suburbs such as Osborne Park, Victoria Park, and Wangara can also give you a chance to inspect the vehicles in person and test drive them. No matter where you search, it’s always a good idea to have your loan pre-approved with Money3, so you’re ready to make a smooth purchase when you find the right car.
To qualify for a bad credit loan in Perth with Money3, you need to have a minimum income of $480 per week or $2,080 per month. This income can include most Centrelink benefits, as well as income from employment or self-employment. Meeting this income requirement helps us ensure that you can comfortably manage your loan repayments.
When you apply for a car loan with Money3, you will need to provide details of your regular income and expenses. We will then review your income and expenses to determine how much cash you have left, after all your expenses. This is your used to work out your loan affordability.
Use our car loan calculator, to get an idea of your repayments, based on the amount that you'd like to borrow.
While it’s not necessary to have a specific car in mind before applying with Money3, getting pre-approved for a loan first can make the car-buying process smoother. Pre-approval provides you with a clear budget, so you know exactly how much you can afford to spend on a vehicle. This can also give you more confidence when negotiating with dealers. Once pre-approved, you can shop around for your preferred car, and we’ll finalise the loan and handle the payment directly to the dealer once you make your choice.
To get car finance with Money3, you need to have an income of at least $480 or more per week1. This income can come from working, Centrelink benefits*, or both
Yes, we’ll need your address, contact details, and information on your regular income and expenses. They can be uploaded digitally online. We will also need 90 day bank statements and your driver's license for the assessment process.
1. Subject to verification, suitability and affordability
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
