Discharged bankrupt car loans
Savvy has many car loan approval options for clients that have discharged from bankruptcy
Bad credit car loan experts
Don’t let bad credit hold you back. We help you drive your car sooner
Finance to suit your needs
There are some things that are simply out of your control. No one plans on being bankrupt. This can be disheartening when you are looking for finance for a car loan with the strict lending requirements that some lenders have. Savvy understands that not everyone is the same and deserves a second chance. Our experience in financing discharge bankrupt car loans makes it possible for you to start afresh with a loan that understands your current financial circumstances to give you a tailor-made loan.
We match you with the right lender
We have a team of experts who are equipped with industry experience is able to craft loans that are designed for people who have recently been discharged from bankruptcy and need a car loan. Our relationship with 25 of Australia’s leading lenders and bankers allows us to give you competitive loans with low interest to match your financial circumstance.
We assess you as an individual to match you with the right lender. Our consultants are waiting to guide you to a loan made for you.
Why choose Savvy?
We are accredited with the most reputable lenders to make the purchasing of your next car smooth with no delays or hassles
Access to multiple lenders
Tailor-made finance
Industry experience
Fast application process
Flexible repayments
No obligation
What our customers say about their finance experience
Savvy is rated 4.9 for customer satisfaction by 3771 customers.
Commonly asked questions on bad credit car loans
Get the answers to commonly asked questions on discharged bankrupt car loans
Your helpful guides to discharged bankrupt car loans
More informative guides about bad credit car loans
What does it mean to be ‘discharged’?
The application process for accessing a car loan is riddle with terminology that needs to be understood before applying. Understanding what it means to be discharged can smoothen your application process. This basically means you have been released from all responsibility from existing debts for a period of 12 months or more. This will allow you to apply for a discharged bankrupt car loan, or a bad credit loan even if the bad mark on your credit file has not been erased.
Traps to avoid
Although you may have access to purchasing an important asset such as a car, there are certain traps to avoid to avoid accumulating more debt that could push you back to square one. Applying for a range of small loans can seem like a safe thing to do when you have just recently been discharged from a bankruptcy, but this could be a costly mistake that can affect your application and credit file. It could also make you come across as an irresponsible borrower who needs small loans to stay afloat.
Seeking professional advice
Being discharged from a bankruptcy means a second chance to start afresh with your finances. However, to get things right the second time around means seeking professional advice to avoid making the same mistakes. You can speak to a financial advisor or a broker when it comes to knowing what options are available for you and what you can comfortably afford without straining your finances. Seeking professional advice can help you find an option that can boost your credit score in the long run.
Tips on improving your application
There are a wide range on how to improve your application can be one way to ensure that the process is smooth for you. This is where thinking like a lender helps. This means assessing your credit file for any arrears that still need to be paid, proof of a steady stream of income, bill payments are up to date and avoiding applying too many times in a short period of time. It is possible to call in and ask a broker or lender what their requirements and how you can improve your chances.
