Do you have a bad credit rating and need second chance car finance? At Savvy we can help you to achieve your dream of owning a new or second hand car.

  • Have you been refused by the banks?
  • Do you have a bad credit rating?
  • Do you have defaults?
  • Have you been late on payments or bills?
  • Have you been bankrupt?

Don’t despair! Our bad credit car loan consultants are experts at getting those tricky deals approved. We can also advise you on steps to take to improve your credit rating and have you on your way to owning your car in no time. So if you think you deserve a second chance, Savvy can help. Although a Bad Credit Car Loan solution is secured by the vehicle, the interest rates are usually higher due to the added risk, however we will help you get the best car loan deal with repayments which you can afford. That's our promise! If you have been rejected by traditional lenders, contact one of our experienced consultants and we will find a car loan to suit your needs from one of our reputable lenders.

Why Choose Savvy?

Quick & Easy, 9/10 Applications Approved

Our application process is quick & easy. Savvy has the systems, technology and consultants that can get your application approved fast.

Access to Multiple Lenders

Compare and save with savvy. Savvy will shop your deal around from multiple lenders to get you the best deal.

Specialised Bad Credit Finance Consultants

At Savvy we have expert loan consultants who specialise in second chance finance. We pride ourselves on finding the right finance with no fuss.

100% Finance

100% finance, no money down. At Savvy we can provide 100% finance + also finance all types of insurance to make sure you have adequate protection.

Obligation Free Application

All applications with Savvy are obligation free.

How can I get approved with bad credit?

1. Review your statement and credit history

You need to look at your bank statements and credit history and try to clear up any errors. Errors may end up costing you more in the long run.

2. Prove you can pay them back

Using your statements and history, you will have to prove to your prospective lender that you will pay them back.

3. Be honest

Don’t cook your own books. Don’t hide bad credit from lenders.

4. Pay off your other debts

If you can, consolidate or pay down your other outstanding debts.

5. Speak to a professional

If you need help or are unsure, always seek help from a licenced financial professional.

What is a Bad Credit Car Loan?

A bad credit car loan is an automotive finance product that caters for those who have bad credit histories or high credit risks. Lenders consider people who have defaulted on credit, are former bankrupts or parties to Part IX Debt Agreements as seen as high credit risks, which decreases their chances of car loan approval.

What are the Interest Rates?

If lenders and car loan brokers have deemed you to have bad credit or as a high risk, you may still have access to car finance. Unfortunately, these interest rates are noticeably higher than the usual market rates on offer to those who are in a prime borrowing position. More on Bad Credit Interest Rates...

Can I get a car loan if I have declared bankruptcy?

Yes, if you have been discharged from a bankruptcy you can still get a car loan. Unfortunately, you must prepare yourself to pay a much higher interest rate than is usually advertised, sometimes higher than 19%. However, if you have not been discharged from your bankruptcy, you cannot get a car loan. There may be some lenders providing no credit check car loans however the interest rates would be higher and comes with some other drawbacks. 

How can I refinance a car loan with bad credit?

If you got a bad credit car loan and have been keeping up with repayments and obligations, you can look around to refinance your loan with other lenders. You will need to prove you’re in a better financial position than before to a new lender. One other way is to trade in your current vehicle and pay out the bad credit car loan in full. More on Refinance Car Loan with Bad Credit...

What is part IX debt agreement?

A Part IX Debt Agreement is a formalised, legally-binding agreement between yourself and your creditors to pay back debts. More on Part IX Debt Agreement...

Can I get bad credit car loan with unpaid defaults?

Yes, it is possible to get a bad credit car loan if you have unpaid defaults. You have to be prepared to pay above the usual market interest rate. Some companies, such as telecommunications providers, are quick to add defaults to your name. It’s up to you to check your credit history for errors. Correcting your history could save you a lot of money. More on Car Loan with Unpaid Defaults...