Loans for Vehicle Repair with Bad Credit
Bad credit history doesn’t need to keep you off the road.
Apply for Vehicle Repair Finance with Finance One now.
Don’t let a rocky credit history keep you stranded. Get back on the road quickly with repair loans for cars from Finance One. Accidents and breakdowns are part of owning a vehicle, and when unexpected repairs arise, waiting isn’t an option. That’s where Finance One steps in, offering customised vehicle or car repair loans designed to fit your needs, even if your credit score isn’t perfect.
We understand the inconvenience of being without a vehicle, which is why we’re committed to keeping you on the move. Whether it’s a minor fix or a major repair, our Vehicle Repair Finance options provide the support you need, regardless of your credit score. Don’t let past setbacks hinder your ability to stay mobile. Apply today for a seamless and hassle-free experience with Vehicle Repair Finance from Finance One.
Normal lending criteria, terms & conditions and fees & charges apply.
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Loans from $8,000 to $100,000**
Loan terms from 3 - 4 years
Approvals in as little as 24 hours*
What can I use Vehicle Repair Finance for?
We could get you back on the road fast with Finance One Vehicle Repair Finance. Our car repair loans can be used for:
- Smash repairs
- Engine overhaul
- Electrical
- Servicing
- Other vehicle expenses
Have low credit? Repair loans from Finance One can give you the flexibility to cover urgent costs without waiting so you can keep your vehicle safe and reliable.
- Smash repairs
- Engine overhaul
- Electrical
- Servicing
- Other vehicle expenses
Can I apply for a Finance One Loan for Vehicle Repairs?
Yes, if you meet the basics, you can apply for repair loans for cars with Finance One:
Income.
Are you receiving regular income?
Borrow.
Do you want to borrow between $8,000 to $100,000?**
Age.
Are you at least 18 years of age?
Credit History.
We accept all applications regardless of previous history.
Even if the banks have said no, our team takes a flexible approach to help you get approved for bad credit repair loans.
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.
Flexibility
Finance One customers can make extra repayments or increase their repayment amount at any time.^
100% Australia Owned
With offices in Brisbane and Townsville our team is ready to assist you in finding financial success.
Support
Our dedicated support team will get to know you and provide personalised service.
When it comes to repair loans for cars, Finance One focuses on understanding your situation and finding a solution that works.
Apply for a Vehicle Repair Loan Today
Applying for a low credit repair loan is easy with Finance One. Collect your driver’s licence, bank statements and proof of income, then fill out our quick online form.
Let us answer your questions.
Can I apply for Vehicle Repair Finance from Finance One if I have a bad credit history?
Yes! Finance One can consider applicants whose credit history includes defaults, previous bankruptcies or Part IX Debt Agreements. Talk to us today if you want to finance your vehicle repairs with a bad credit repair loan.
Can I apply for Vehicle Repair Finance if I receive a pension or Centrelink benefits?
Yes! Finance One can consider Personal Loan 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
What could the interest rate be on my Personal Loan for Vehicle Repairs?
Finance One Personal Loan interest rates vary depending on your overall credit profile. This includes, but is not limited to, the stability of your employment and residency status, credit history, income and banking conduct. For tips on improving your profile, you can read our guide on the credit score you need to buy a car.
Can I make extra repayments, increase my repayments or pay my loan out early?
Yes, you can make extra repayments or increase your repayments to your car repair loan. 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 a Personal Loan application for vehicle repairs include:
- Three months of bank statements (we will provide you with our secure link to bankstatements.com.au to provide your bank statements);
- Proof of your income; and
- Completed application form and privacy statement.
In some cases, we may also request extra documents, such as ABN or tax details if you’re self-employed, additional payslips if you’ve just started a new job or a copy of the repair invoice from your mechanic.
Can I use vehicle repair finance for any type of repair?
Yes. Finance One repair loans for cars can generally be used for a wide range of vehicle expenses, from mechanical and electrical repairs to smash repairs and servicing. As long as the work is being carried out by a licensed mechanic or repairer, your loan can usually cover it.
Do you only provide vehicle repair loans?
No, Finance One provides various vehicle loans to suit different needs. For example, if your car is beyond repair and you need a replacement, you could explore a bad credit car loan. If you’re looking for other vehicles, we also provide financing for motorbikes, caravans and campers, off-road 4x4s, boats and jet skis and registerable trailers. Each of our vehicle loan types is assessed on more than just your credit score, meaning you have options even if the banks have said no.
*24 hour approvals are subject to satisfactory documentation being provided to assess the application.
**Normal lending criteria, terms & conditions and fees & charges apply.
^Early repayment fees may apply. Please refer to your loan terms and conditions or contact us to confirm if an early payout fee applies to your loan.