Julia needed a new car for joint use with her daughter, but she has a past bankruptcy.
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At Rapid Finance, we have helped thousands of customers with bad credit car loans. Click here to view our full range of car loans.
Bad credit car loans are designed for people who have had difficulty obtaining car finance due a poor credit history. They are regularly used by those who been declined by banks and other lenders because of credit defaults, bankruptcy or part IX debt agreements.
At Rapid Finance we have more than a decade of experience helping people with bad credit get car loans. We can assist with:
Why wait weeks? Drive away today and leave your worries behind.
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Please note: This is an estimate provided for illustrative purposes only and is based on the accuracy of information provided. It does not constitute a quote. Additional fees and charges may apply dependent on your individual circumstances. Fees, such as early repayment costs and establishment fees, are not accounted for in the examples of weekly repayments. Interest rates may be subject to change throughout the term of the loan.
Find out your chances for loan success with a free credit check. It's fast and easy, and it won't affect your credit rating. Request your score today.
Julia needed a new car for joint use with her daughter, but she has a past bankruptcy.
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Single mum Amelia needed a new car to meet the demands of her family.
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Tom wanted a new car but his work accident meant Work Cover and a Part IX Agreement.
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Tyler needed a vehicle for his business, but bad credit was holding him back.
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Greg needed $20,000 fast to get his car back.
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Husband and wife leave bankruptcy behind.
Read case studyHave you found your dream car but don’t have the cash to pay for it? Are you scared your bad credit will mean being rejected for a loan?
Read moreThe irony of a credit score is that, often, people don’t know what theirs is like until they need to rely on it. So, how do you know if you have bad credit? And what does it mean for your loan application?
Read moreTurned down due to your credit history? Here's what you can do next to secure finance.
Read moreApplying for a bad credit car loan can take just a few minutes. And all you need to begin are some personal details and information regarding the finance you require.
If you have any questions about Rapid Finance, you can contact our team on 1300 467 274 or complete a Free Finance Assessment using the form on this page.
Rapid Finance is a finance specialist. Our team have access to a range of car loan options to suit a range of solutions. This includes clients with a 'bad credit history' – a broad term covering everything from a missed utility bill to a previous bankruptcy.
To begin, complete an application online or over the phone. A member of our team will then contact you. They’ll assess your situation, evaluate your options and find a car loan suitable for your situation. Find out more about the Rapid Finance process here.
A bad credit history can be due to a range of reasons. A poor credit history could arise due to a simple missed payment from last month, or a failed business venture from years ago. Whatever the reason, a bad credit history can make getting finance hard.
In most cases, you'll know if you have a bad credit history. But it's possible that you don't know the full details. Consider contacting an Australian credit reporting agency to get a copy of your credit history. Or call the Rapid Finance team to discuss your finance options.
Yes, you can apply for finance even while receiving Centrelink benefits or a pension. While not every benefit will be counted towards income, many are, including family tax benefits and the veteran’s affairs pension.
To get approval for a car loan, you'll need a primary source of income to support these payments. But Centrelink benefits or a pension can be considered as part of your overall financial situation. Still unsure? Call Rapid Finance for more information.
Yes. Bad credit car loans without a deposit are possible for people with a bad credit history. It comes down to your application. But note that if you have a really bad credit history, a deposit will add strength to your application and increase your chances of approval. There may also be other options available to you, such as a vehicle trade-in.
To get a bad credit car loan without a deposit, you will need to demonstrate your ability to meet repayments without any issues. As a Rapid Finance customer, a dedicated finance expert will review your situation, find out what is possible, and negotiate a bad credit car loan on your behalf. Talk to a Rapid Finance specialist for more information.
Yes, we have helped clients get same day car loans in the past – even when they had bad credit. This can be helpful for clients who need to make the most of a deal or limited time offer.
The advantage of Rapid Finance is that we can offer fast finance without you risking getting ripped off. We compare a range of financial products to see which ones match your needs – and quickly organise the information so that you can get approved fast.
The interest rate available to you depends on a range of factors, including your credit history, employment history, residential history, the loan amount and the car you wish to purchase. Generally speaking, however, a bad credit interest rate is usually more than 10% p.a.
There are many ways to reduce this rate. It’s possible that there may be mistakes on your credit history, or you have other financial strengths. A Rapid Finance specialist can investigate these options and the potential for lower rates.
Yes, you can get a bad credit car loan for a used car. The details of the loan, such as the loan amount, may be reliant on other factors. You may not know exactly how much you can borrow until you contact a lender.
It’s important that you do not apply for credit if you're still in the research stage. An application for finance will be recorded on your credit history, so making multiple applications across many lenders may flag you as a risk. A Rapid Finance specialist can shop around for you without taking these hits to your history.
It’s not possible to get a car loan without a credit check. As part of the National Consumer Credit Protection Act, a credit provider needs to make sure that an application for finance is suitable for the applicant before approval can be made. Reviewing financial information, such as a credit history, is part of this process.
But even if you have a bad credit history, it may be possible to get finance. A credit check helps us find the best solution, especially with regards to bad credit car loans. We will try to figure out ways to improve your situation or strengthen your application for finance.
Yes, if you’re self-employed you can apply for bad credit car loans. We can prove your income and ability to meet repayments based on alternative documentation. Even if you have a bad credit history, there are ways we can look at strengthening your application.
If your car loan is for business purposes, then consider applying for a business car loan. There are a number of options to consider that can potentially reduce your personal tax liability or match repayments with your income.
For more information on all of our car loan options, hit the button below.
Have more questions about car finance? Call the team on 1300 467 274 and we'll be happy to help.
3 August
Great, helpful people. Couldn't have done anything better!
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