Car Loans with Bad Credit in Australia

Personal Loan

Don’t be held back by a bad credit history.
Apply for a Finance One Vehicle Loan.

Finance One understands that life’s road can be bumpy at times, so we take the long road with our personal approach to vehicle lending when assessing your individual financial situation, to ensure we can help you find the perfect vehicle finance solution tailored to your needs.

We help to improve the lives of everyday Australians with our car loans and vehicle loans for people with a bad credit history or no credit history who may have experienced defaults and bankruptcy in the past. If you have a poor credit history, there’s no need to stress just yet! We may be able to offer a car finance option to you.

We make the process as stress-free and as easy as possible with our car finance solutions. Our vehicle finance options are designed to get you back on the road quickly and efficiently.

Personal Loan Range

Loans from $8,000 to $100,000?**

Personal Loan Term

Loan terms from 3 - 7 years

Personal Loan Time

Approvals in as little as 24 hours *

What can I use a Vehicle Loan for?

We can get you on the road fast with a Finance One Vehicle Loan. 

  • New cars
  • Used cars
  • Utes
  • SUV’s
  • Electric Cars
  • Vans
  • New cars
  • Used cars
  • Utes
  • SUV’s
  • Electric Cars
  • Vans

Can I apply for a Finance One Vehicle Loan?


Are you receiving regular income?

Step 2


Do you want to borrow between $8,000 to $100,000?**


Are you at least 18 years of age?

Step 2

Credit History.

Defaults on your credit file or discharged from bankruptcy?

Why Finance One? Because we believe in second chances.

Since 2010, Finance One has taken a compassionate and flexible approach to lending to everyday Australians.

We strive to find finance solutions for everyone – even those who have been rejected by the banks. We go above and beyond to help provide smart solutions to your finance problems.

Flexible Loan Repayments


Finance One customers can make extra repayments or increase their repayment amount at any time.^

100% Aussie

100% Aussie

With offices in Townsville and Brisbane our team is ready to assist you in finding financial success.

Personal Loan Time


Our dedicated support team will get to know you and provide personalised service.

Car Loans for Poor Credit in Australia.

Who we can help?

At Finance One, we’re big believers in giving people a second chance with finance. We understand that people’s financial histories aren’t always perfect and that a previous credit incident doesn’t necessarily reflect your ability to make payments now. That’s a big part of the reason car loans with bad credit history are an integral part of our business. Cars are such an essential part of life that it’s very difficult to get by without one, and we believe that you shouldn’t be disqualified from the opportunity to own one.

That’s why we offer borrowers the opportunity to apply to finance a car with poor credit. There are a variety of borrowers who can benefit from a second chance with car loans — if you fit any of the profiles below and you’re in the market for a new car, make sure you get in touch with Finance One.

Self-employed customers

Even if you’re extremely successful in your chosen field, getting car loans in Australia can be difficult as a self-employed person. But here at Finance One, we’re always happy to work with people to help them apply for the loan solutions they want for their circumstances.

People with unconventional or seasonal sources of income

If you’re retired, living off investments or otherwise have a source of income that’s outside of the usual 9 to 5 routine, it can be tricky securing the finance you need for a new car loan. But here at Finance One, our loans are designed to help you get the car you need, when you need it.

Customers with limited credit history

Suppose you’ve not previously had much experience with loans. In that case, car loans for bad credit can be an effective way to secure a loan and help you establish a credit history for yourself, which will be useful when applying for other loans in the future.

Customers with previous credit issues

Previous credit issues can be a serious hindrance when applying for finance. But you may still be able to get a car loan with bad credit. Here at Finance One, we’re committed to helping people who are in unusual circumstances. Car loans for bad credit can also be a pathway back to good credit if you’re making repayments consistently, on time and paying it off within the loan’s lifespan and in accordance with the loan agreement.

Casual employees/short-term contractors

Casual employees and contractors who apply for car loans with bad credit can sometimes be dismissed by the bigger lenders and banks due to a perceived lack of “steadiness” in their income. But we understand that this isn’t necessarily the case, and we can work with you to help you find a lending solution suited to you.

Customers looking for an older/second-hand car

Sometimes it can be tricky getting car finance in Australia if you’re looking at an older or second-hand model. Lenders are often concerned about the longevity of the car and can be more hesitant to offer a loan than they might be for a new car. However, at Finance One, we can usually assist in these situations.

Top tips for applying for a car loan with bad credit

If you’re considering applying for a car loan with bad credit, there are a few key tips to follow.


Establishing a budget and being able to demonstrate a consistent pattern of saving can be crucial for just about any loan. Your credit score isn’t necessarily indicative of your financial habits, and it’s great to be able to demonstrate that to a lender.

Clearing off your credit report

The amount of debt you have dictates how much you can borrow — but did you know that debt isn’t necessarily cleared off your credit report as soon as you’ve finished repaying it? Check your credit report before applying for a loan — you’re entitled to a certain amount of “free” checks each year — to ensure that you don’t have any debt that’s long dealt with preventing you from borrowing more.

Making regular repayments

Once you’ve secured the loan you need to finance a car with poor credit, it’s critical to make regular and timely repayments to the lender, in accordance with the loan agreement. This isn’t just about paying off the loan efficiently; it’s also about building or rebuilding your credit score by demonstrating that you can stick to a schedule and be a trustworthy borrower in the future.

Avoid making multiple applications

Browsing through different loans before coming to a final decision can be a good and normal thing to do when you’re seeking finance. But a common mistake people make is applying for multiple loans, then selecting the one they really want when they’ve been approved. This can actually have a detrimental effect on your credit score overall — so make sure you discuss T&Cs thoroughly and ask any relevant questions before making your decision about which loan to apply for.

Finance One — helping borrowers with car finance for bad credit around Australia

We aim to help as many people as we can get a car loan with bad credit so that they can get back on the road as soon as possible. With our services on the Central Coast, Sydney, Canberra, Melbourne, Hobart, Adelaide, Perth, Darwin, Brisbane, Cairns and the Gold Coast, you’ll never be far from applying for a car loan with bad credit.

Get in touch with the team at Finance One today

Although we don’t offer car loans for bad credit with guaranteed approval, we do understand that everyone’s circumstances are different and accordingly, we work to provide car loans with bad credit, that are quick and easy, in as many instances as possible. So have a look through our FAQs and get in touch with the team today. In addition to car loans for bad credit, we also offer loans for a variety of other vehicles, including 4x4s, motorbikes, boats and jetskis, caravans and trailers.

Let us answer your questions.

What could my interest rate be?

Our interest rates vary depending on your overall credit profile. This includes, but is not limited to, the stability of your employment and residence, your credit history, your income and your banking conduct.

Can I make extra repayments, increase my repayments or pay my loan out early?

Yes, you can make extra repayments or increase your repayments. However, some of our loans do have an early payout fee. We recommend you review your loan terms or contact us to confirm if an early payout fee applies to your loan.

What documents do I need to provide when I apply?

The minimum documents we require for an application include:

  • three months of bank statements (we will provide you with our secure link to bankstatements.com.au to provide your bank statements); and
  • proof of your income; and
  • completed application form and privacy statement.
Can I apply for a loan from Finance One if I have a bad credit history?

Yes! Finance One will consider applicants whose credit history includes defaults, previous bankruptcies or Part IX Debt Agreements.

Can I apply for a loan if I receive a pension or Centrelink benefits?

Yes! Finance One will consider applicants who receive any of the following:

  • Family Tax A & B
  • Parenting Payment
  • Carer Payment
  • Aged Pension
  • Disability Pension
  • Department of Veterans’ Affairs (DVA) Service Pension/Partner Service Pension