Why choose Bad Credit Car Loans?
For many Queensland locals, a classic road trip is one of the best ways to experience the state’s picturesque scenery. Having an imperfect credit rating can put the brakes on buying your car with many lenders, though.
We make unlocking finance easy for those facing roadblocks from mainstream financiers. By partnering with specialised lenders, we can get approvals on bad credit car finance for Brisbane locals. Our online application process means no matter where you live, in Brisbane, as far north as Bundaberg or in regional cities like Mount Isa, your next car is only a few clicks away.
Personalised service
Our experienced team of consultants will guide you through your loan application process from submission to approval.
100% online
Our quick online application process means you can apply from wherever you call home, even via your smartphone.
Over ten years of experience
We have more than a decade of experience matching applicants with imperfect credit histories with flexible lenders.
The features and benefits of bad credit car loans
Borrow the full value of your car
We partner with specialist lenders who let you borrow up to 100% of your new car’s value, without the need for a deposit.
Enjoy flexible repayment terms
You can repay the loan at your own pace with terms available from one to five years in length, ensuring your repayments are manageable for you.
Buy new or used
You’re don’t have to buy brand-new. You can buy a second-hand vehicle from dealerships, car yards or private sellers in Brisbane or other cities using a bad credit car loan.
Diverse incomes accepted
Whether you’re working full-time, casually or receiving government benefits, you can count multiple income sources towards your loan payments.
Fixed repayments
Locking in repayments means you’ll have certainty over how much you’re repaying and makes budgeting easier
Get pre-approval
You can get finance pre-approval to give yourself a price ceiling, which will help you negotiate better prices with sellers.
Your bad credit car loan approval process
We’re all about giving Brisbane locals a second chance when it comes to obtaining finance. Our consultants know the market, having matched thousands of Australians with bad credit histories to suitable lenders.
Submit an online quote
By sending us an obligation-free quote, one of our consultants can discuss your options before you formally apply.
Submit an application
Once you apply, our state-of-the-art technology will help your consultant match you with a suitable lending partner. They’ll then guide you through the application process.
Get formal approval
After your consultant lodges your application with your lender, you can receive same-day approval depending on your personal circumstances.
Sign your documents
After your loan is approved, you’ll be asked to sign a digital contract agreeing to the terms. All that’s left to do from there is to pick up your new car.
How to maximise your chances of approval for your car loan in Brisbane
The stability of your work will be a deciding factor in your loan application. Fewer workplace changes will make your application more attractive to lenders. Having a steady job not only demonstrates you have a regular income but also shows a lender you have the ability to take on new debt.
Addressing outstanding debts that are hampering your credit report will go a long way to improving your odds of approval. Paying off unpaid defaults or entering into payment arrangements will demonstrate to lenders you are working to correct past financial mistakes.
Lenders will want to see consistency in your rent and utility bills, so having a strong residential history will greatly improve your chances of approval. Being able to prove you have lived at one address for a good length of time, and not been in and out of different accommodation, will suggest stability in your life and expenses.
Be realistic about what you can afford. Do a rough estimate of your expenses and current liabilities and work out a loan size you can easily manage to repay. Opting to borrow a smaller amount will increase your chances of approval with lenders, who want to ensure new debt won’t cause you financial stress.
Submitting multiple loan applications, especially over a short period, will increase your risk profile with lenders. If your application has been rejected by other lenders, it may be worth taking steps to remedy some of the causes, such as paying off outstanding debts and reducing spending. If lenders see multiple rejections in quick succession, they’re less likely to approve your application.