Car Loans with Bad Credit in Australia

We offer flexible car loan repayments, available for those looking to get back on their feet and behind the wheel. A bad credit rating shouldn’t hinder you from trying to get a fresh start on life.

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Finance One
Car Loan

Finance One understands that life’s road can be bumpy at times, so we take the long road with our personal approach to vehicle lending when assessing your individual financial situation, to ensure we can help you find the perfect vehicle finance solution tailored to your needs.

Loans from $8,000 to $100,000?
Load terms from 3 -7 years
Approvals in as little as 24 hours

What can I use a
Car Loan for?

We make the process as stress-free and as easy as possible with our car finance solutions. Our vehicle finance options are designed to get you back on the road quickly and efficiently. We can get you on the road fast with a Finance One Vehicle Loan.

New cars
Used cars
Utes
SUV’s
Electric Cars
Vans

Can I apply for a
Car Loan?

We help to improve the lives of everyday Australians with our car loans and vehicle loans for people with a bad credit history or no credit history who may have experienced defaults and bankruptcy in the past.

Income

Are you receiving regular income?
Borrow

Do you want to borrow between $8,000 to $100,000?
Age

Are you at least 18 years of age?
Credit History

Defaults on your credit file or discharged from bankruptcy?

Because we believe in second chances

Flexibility

Finance One customers can make extra repayments or increase their repayment amount at any time.^

100% Aussie

With offices in Townsville and Brisbane, our team is ready to assist you in finding financial success.

Support

Our dedicated support team will get to know you and provide personalised service.

Who can help?

We understand that life’s road can sometimes be bumpy, and everyone’s financial circumstances are unique. We all make mistakes and Finance One are determined to help you smooth out the bumps in your road even if you have a poor credit history.  

Whether you’re looking for a loan for a vehicle for yourself or a business loan and have a bad credit history or no credit history, we want to help you succeed. We offer personalised support from the moment you enquire, all the way through to when your loan is paid in full. Our personal approach to lending might be the step-up you’re looking for.

Self-employed customers

People with unconventional or seasonal sources of income

Customers with limited credit history

Customers with previous credit issues

Casual employees/short-term contractors

Customers looking for an older/second-hand car

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How to Apply for a Finance One Loan

Step 1

Apply online in minutes

Start your loan application online with a quick form, or speak with us over the phone. The process only takes a few minutes to complete.

Step 2

Get approved

Our team reviews your application promptly and provides fast approval decisions, often within the same day.

Step 3

Make your purchase

Once approved, receive your funds and confidently move forward with your vehicle, business, or personal purchase.

Apply for a Loan now

Top tips for applying for a car loan with bad credit

If you’re considering applying for a car loan with bad credit, there are a few key tips to follow. We aim to help as many people as we can get a car loan with bad credit so that they can get back on the road as soon as possible.

Budgeting

Establishing a budget and being able to demonstrate a consistent pattern of saving can be crucial for just about any loan. Your credit score isn\u2019t necessarily indicative of your financial habits, and it\u2019s great to be able to demonstrate that to a lender.

Clearing off your credit report

The amount of debt you have dictates how much you can borrow \u2014 but did you know that debt isn\u2019t necessarily cleared off your credit report as soon as you\u2019ve finished repaying it? Check your credit report before applying for a loan \u2014 you\u2019re entitled to a certain amount of \u201Cfree\u201D checks each year \u2014 to ensure that you don\u2019t have any debt that\u2019s long dealt with preventing you from borrowing more.

Making regular repayments

Once you\u2019ve secured the loan you need to finance a car with poor credit, it\u2019s critical to make regular and timely repayments to the lender, in accordance with the loan agreement. This isn\u2019t just about paying off the loan efficiently; it\u2019s also about building or rebuilding your credit score by demonstrating that you can stick to a schedule and be a trustworthy borrower in the future.

Avoid making multiple applications

Browsing through different loans before coming to a final decision can be a good and normal thing to do when you\u2019re seeking finance. But a common mistake people make is applying for multiple loans, then selecting the one they really want when they\u2019ve been approved. This can actually have a detrimental effect on your credit score overall \u2014 so make sure you discuss T\u0026Cs thoroughly and ask any relevant questions before making your decision about which loan to apply for.

Frequently asked Questions

I have a bad credit history, can I still apply for a loan?

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Can I apply for a loan if my income is Centrelink benefits?

What are the minimum requirements to apply with Finance One?

What documents do I need to provide for a loan application?

What can your bad credit loans be used for?

Can I make extra repayments, increase my repayments or pay my bad credit loan out early?

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