Bad Credit Loans
Let us help get you into the hot seat of a new vehicle with bad credit loans. Whether it’s for work or play, we can assist in getting you financed.
Let us help get you into the hot seat of a new vehicle with bad credit loans. Whether it’s for work or play, we can assist in getting you financed.
Variety is the spice of life. That’s why we partner with flexible lenders who offer bad credit loans on a mixture of vehicles. If you want to get from A to B on two wheels or four, travel the open road in an RV or chop up the seas on a jet ski, we can help you do it.
To give you the best shot at approval, our consultants match you to your most suitable lender and prepare your application. The whole thing can take as little as 48 hours, so start the process and apply now.
Our strong relationships with lending partners allow us to get fast outcomes on online loan applications.
Our consultants provide old-fashioned customer service that puts you and your needs front and centre.
We partner with specialist online lenders who offer flexible loan terms which best suit your financial circumstances.
Take your time paying your loan or pay it in a hurry; it’s up to you, with customisable terms between one and five years available.
Our lenders give you another shot at finance, even if a major bank has turned you down for a loan previously.
Seniors, pensioners and carers who receive fixed Centrelink benefits can have these payments included as forms of income.
If you work for yourself, especially as a tradie or a freelancer, you can be approved for a secured car loan.
Schedule your payments weekly, fortnightly or monthly so they fall in line with your pay cycle.
Most lenders will allow you to make additional payments on your loan without incurring any fees.
Get a quote from us online. Tell us about yourself and how much you want to borrow and we’ll call to discuss options unless you apply straight away.
Once you’ve applied, your consultant uses our high-tech software to match you with a lender who’ll give you the best shot at approval.
Sit back and relax as your consultant prepares your paperwork for the lender. All you’ll have to do is send across your documents.
Your consultant will phone you with the good news and email you a loan agreement to sign. Once it’s returned, your funds can be released to you.
New and used cars
If you need a vehicle to get to work or help with the morning school run, we can help. You get the choice of brand-new and second-hand cars bought privately or through a dealership.
Motorbikes
Your ride is your choice. Whether you’re after a dirt bike, cruiser, touring motorcycle or sport bike, we can help you put rubber to the road.
Caravans and campers
Tour the country and soak up its sights from inside a mobile home. Mobile homes come in many variations, so our lenders allow you to finance RVs, motorhomes, caravans, camper trailers or pop-tops.
Trucks
Looking to transport a heavy load or expand your company’s fleet? Our lenders have fast bad credit business loan options for light, medium, heavy and semi-trucks. You can also finance vans, tippers or food trucks.
Minibuses
If your charter business needs a new set of wheels to ferry tourists or students around, you can unlock financing on new and used minibuses by applying directly with us.
Boats, jet skis and other vessels
Want to lap up some fun in a jet ski or speedboat? We help secure finance on a range of vessels, including fishing boats, tinnies, jet skis and sailing boats.
Equipment and machinery
You aren’t just limited to vehicles when taking out a bad credit loan, though. You can buy forklifts and other expensive machinery with fast approval on bad credit loans for business equipment.
Draw up a rough budget factoring in your income and expenses. What money you have left over will give you a good indication of what you can afford. Nevertheless, your consultant will also ensure you don’t overextend yourself and help you borrow within your limits.
With a range of vehicles and equipment to choose from, it’s important to know what you need before you apply. You may want to purchase a speedboat for leisure, a passenger car to get from A to B or a minibus to expand your touring business. You will also need to decide whether to buy new or used, with consideration for the pros and cons of each.
Double-check you qualify for a loan. You’ll need to be over 18 years old, a permanent Australian resident or citizen and earning some regular form of income. We can help temporary residents and those on short-term visas access finance, though these terms vary from lender to lender. If you’re a business owner, you must have a constant revenue stream and your ABN must be at least three months old.
You can apply to check your credit file through companies such as Equifax and illion. A credit check comes at no cost and can help you find out the top factors impacting your score. Some forms of bad credit, such as unpaid defaults, are worse than others, such as late payment fees, so much of your lender’s decision will come down to the nature of your bad credit, rather than your actual score. Lenders will run credit checks on all applications, even if you’re applying for bad credit finance, so it’s advisable to avoid lenders offering ‘no credit checks’ on loans.
Owning a vehicle of any shape or size is more than just getting the finance to pay for it. You’ll need to budget for a raft of extra costs, depending on what you choose to buy. Cars come with on-road costs such as registration as well as ongoing expenses such as fuel and regular servicing. Owning a motorcycle means you’ll have to consider the cost of a motorcycle helmet and riding gear. If you purchase heavy machinery or equipment, you’ll have to factor in ongoing upkeep to avoid costly breakdowns
The less debt you owe, the better your approval chances. If you have unpaid debt or defaults, they can paint you as an unreliable or risky borrower. Clearing these debts or entering into payment arrangements will show a lender you’re serious about rectifying your past financial mistakes, even if you have an extremely bad credit rating.
Switching jobs or careers can sometimes reduce your approval chances. Lenders like to see a steady employment history, including working for the same organisation for a good length of time. If you’re full-time, this means finishing your probation. If you’re casual, this will mean working consistently for the same company for more than three months.
Investing your own savings can boost your chances of getting the green light if you’re in a position to do so. Lenders always assess risk when lending money, and your risk factor will be lower if you can put some skin in the game. Also, saving for a deposit can demonstrate a strong saving history which is a sign of reliability and discipline to a lender.
The more your asset is worth, the easier it will be to get it financed. If you’re taking out a secured loan, lenders prefer cars, boats, equipment or motorbikes which have held their value and remain in top-notch condition. For example: check for things like corrosion and abrasion when buying used heavy machinery. So, choosing one that’s in a good condition will boost your approval chances.