Car Loans for Bad Credit in Sydney & Australia Wide

When thinking about applying for your loan, the main question to ask is, can you afford the loan repayments? You’ll also want to factor in your car’s running costs such as fuel, maintenance, registration and insurance. Put together some estimated costs and work out your monthly budget factoring in your incomings and outgoings. If you have some savings, you might be in a position to put down a deposit which will reduce the overall amount you need to borrow and make your loan repayments smaller. If it looks affordable, get in touch with us at Finance One to find out how we can help and obtain a quote.

Our car loans are available from as low as $8,000 to as much as $100,000. If you’re wanting to borrow $50,000 or more, be aware that you must be asset-backed. Your repayment term will be between three to seven years and there’s no early repayment fee if your circumstances change and you want to pay off your loan before your finance contract end date.

With a Finance One car loan, you have the freedom and flexibility to purchase a car that suits you. Whether it’s a second-hand vehicle from a private seller or a new car from a trade dealership, it’s completely up to you, subject to some conditions. You may even be able to use your loan to purchase a caravan or camper van. Get in touch with us to find out!

Our expertise is in securing bad credit history car loans in Sydney. Finance One will consider applicants whose credit history includes defaults, previous bankruptcies or Part IX Debt Agreements. We offer a straightforward online application process that’ll allow you to know if you’ve been accepted in as little as 24 hours* once we’ve received your completed application and sufficient supporting evidence. 

We’re proud to offer a selection of inclusive and accessible financial products to our customers. Our minimum requirements for applying are that you’re 18 years or over, a permanent Australian resident and you can prove an acceptable regular source of income. If you’re unsure of any of the criteria, give a member of our friendly team a call and they’ll be happy to help.

Yes! Finance One will consider applicants who receive any of the following:

• Family Tax A & B

• Parenting Payment

• Carer Payment

• Aged Pension

• Disability Pension

• Department of Veterans’ Affairs (DVA) Service Pension/Partner Service Pension

The minimum documents we require for an application include:

• three months of bank statements (we will provide you with our secure link to bankstatements.com.au to provide your bank statements); 

• proof of your income;

• completed application form and privacy statement; and

• driver licence

Congratulations! You’re one step closer to getting behind the wheel of your dream car. Once you’ve decided you’re ready please complete our enquiry form with a few basic details. You’ll need your contact information, employment status and the amount you want to borrow. We’re always here to help if you need support at any stage of your application.