Rapid Finance on 1 October 2014

You never know what might be possible...

Compare our full range of car loans

  • Car loans are possible whilst receiving Centrelink benefits.

  • Rapid Finance understands a wide range of financial situations.

  • Where there is a will, there is a way.

Getting from A to B is easily taken for granted; that is, until you find yourself without a mode of transport. And not everyone is in an ideal position when their car meets its demise.

So how do you go about obtaining car loans to remedy your circumstance if you’re on Centrelink? Where there’s a will, there’s a way...

If you are receiving selected Centrelink benefits such as Family Tax or Parenting Payments, Disabilty Pension/DSP or an aged pension, you may qualify for a car loan, even if you have had some bad credit. 
View our full range of car loans

Find the right car loan company

When you are receiving Centrelink payments there are generally fewer options available to you, a lot of lenders will say no as soon as you mention the word Centrelink. In some cases a same day cash loan might be the only option. 

However, there are finance companies who are more willing to understand your circumstances. They understand that Murphy’s Law creeps up from time to time, and sometimes there’s nothing you can do about it.

When you find the right company, in most cases it’s necessary to add a partner who’s not receiving Centrelink payments to the loan. Ideally, your partner’s credit history should be in good shape to give your application as strong a chance as possible.

It is also crucial to ensure you make your repayments on-time, as there can be harsh penalties should you default on your loan.

So being on Centrelink doesn't mean you have to say goodbye to the idea of a car loan – explore your options and you may be driving away before you know it!

If you've suffered credit issues in the past and are receiving Centrelink payments, Rapid Finance may still be able to assist you in finding a car finance solution. What sort of Centrelink payments do you receive? Do you also receive part of your income through employment? Do you have an additional applicant? These are just some of the different scenarios we can look at when helping you find a solution.

If you want to discuss alternative options for Centrelink recipients call 1300 467 274 and speak to one of our friendly staff today about other ways we can help you achieve your dream car.