Bad Credit Car Loans
Need a second chance? Get Savvy on your side and get approved for your car loan.
Bad credit car loans approved with Savvy
Bad credit is OK
Do you have a bad credit rating? Have your car loan applications been rejected by the banks? You deserve a second chance! At Savvy, we’re partnered with a wide range of reputable lenders to give you more options when it comes to financing your vehicle. Whether you’re a single parent, receiving Centrelink benefits or have defaults on your file, we can help you secure a bad credit car loan suited to your situation.
Our experienced consultants can help you maximise your chances of approval for your car loan and advise you on steps to take to improve your credit rating. With Savvy, you can be on your way to owning your car before you know it.
A trusted brand
We’ve been helping Australians from all walks of life finance their vehicle the right way for over a decade, with our 4.9-star Feefo rating representing the overwhelming satisfaction our customers feel throughout the process.
Get the wheels in motion on your second-chance car loan application by completing a free, no-obligation quote with us today to find out whether we can help you secure the finance you’re looking for.
Our bad credit car loan features and benefits
We’re lenders who specialise in dealing with customers who have no borrowing history, inconsistent income, struggled with their credit score in the past and even prior paid or unpaid defaults.
Our bad credit car loans start from $5,000 and can be approved up to as much as $100,000, though the amount you’re approved for will depend on your eligibility and borrowing power.
If you’re looking for a car loan with no deposit, we can help you find finance for 100% of the car's cost. In some cases, you can also include on-road costs such as stamp duty and registration.
You can choose from flexible loan terms as short as one year in length and as long as seven with some lenders (depending on your eligibility and profile).
Through our fast online application process, we can help you get a pre-approval as soon as the same day, so you can shop around for your car with a peace of mind.
You can include eligible earnings from full-time, part-time, casual or self-employed work (including certain Centrelink payments such as age and disability pensions and single parent payments).
Although car loan interest rates are higher for those who have a patchy credit history, our vehicle finance consultants can still help you find the best rate for your individual situation.
Whether you’re looking for a brand-new car from a dealer or find one from a private seller, we can help you access finance, source the car through our dealer network and deliver it to your door.
We run a soft check as a part of your bad credit car loan application, meaning your credit score won’t be affected during the process.
We can also lend a hand to discharged bankrupts who are looking to take out a car loan and may not be able to access the financing they need through traditional sources.
Why more bad credit customers trust Savvy
How to apply for a bad credit car loan with Savvy
Feefo's Trusted Service Award winner with over 4,000 satisfied customers
Top tips to increase your chances of bad credit car loan approval
Income and employment
These factors are perhaps the most important in determining how suited you are to repaying the loan. Lenders will look for applicants whose income will comfortably cover the loan’s repayment requirements, with a general minimum salary of around $26,000 (though this will vary depending on the lender you choose), and have a track record of remaining in employment, with several years in the same job always preferred. Your Savvy consultant can help you find the right bad credit car loan suitable to your borrowing power to increase your chances of approval.