Bad Credit Car Loans Gold Coast
We’ve helped Gold Coast borrowers with bad credit get approved for car loans for more than a decade. Get back behind the wheel sooner and apply today.
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We’ve helped Gold Coast borrowers with bad credit get approved for car loans for more than a decade. Get back behind the wheel sooner and apply today.
As a Gold Coast resident, owning a car lets you soak up the lush hinterland mountains and the pristine beaches from behind the wheel.
This can seem unattainable when your credit score has a few dents, but we give you another shot at reaching your car ownership dreams.
Our expert consultants use the latest technology to match you to a lender and get your car loan approved and funded in as little as 48 hours, so start the application process today.
Our 100% online process allows you to apply for loans across Australia, even submit documents via your smartphone.
Our experienced consultants are with you every step of the way throughout your application process.
Professional and fast: that’s what customers say about our service when they apply for car finance.
You can purchase a second-hand vehicle that’s up to 25 years old by the end of your loan term, giving you more choices of car.
Our lenders are interested in what you can afford now rather than your lack of borrowing history, so we can help you get approved even if you haven’t had a loan before.
If you’re working a casual or seasonal job, we partner with lenders who can help you unlock second-chance car finance.
Having the option to repay over one to five years allows you to make your loan terms as short or as long as you feel comfortable.
You get to choose how you pay, whether it be weekly, fortnightly or monthly, so it’s easy for you to budget.
You’re able to borrow the full price of your new car without the need for a hefty deposit, freeing up more money upfront.
Submit a quote online and wait for a call from us. If you decide to apply, your consultant can start searching for deals straight away.
Your consultant uses the latest technology to match you to a lender offering a loan deal that best suits you.
Once a lender is locked in, your consultant prepares your application. They’ll ask for your documents, such as payslips or a driver’s licence.
After your application is approved, your consultant will email you paperwork to sign. Once it’s returned, your funds can be released.
It’s worth having another read of the eligibility criteria before applying. Generally, you must be over 18, a permanent Australian resident or citizen and be earning a regular income. If you’re collecting payments such as Centrelink benefits, it’s a good idea to double-check if the one you receive is eligible.
Having your personal documentation in order will save you time during the approval process. Your consultant will request copies of:
It’s important to borrow within your means so you can afford the regular repayments in the long run. Your consultant will run an affordability check on your application to ensure you’re not overreaching.
Amassing savings before you apply shows lenders you’re able to practice financial discipline, which is required for repaying a large lump sum. It can also allow you to pay a deposit on the vehicle you buy and reduce ongoing repayments.
Clear some debt or enter into payment arrangements before applying for a new loan. You can also better your approval chances by reducing the limit on your credit cards.
When assessing your borrowing capacity for second-chance car finance, lenders will look at several variables to see what you can afford. Some of these include:
Income
What you’re earning correlates with what you can borrow, so lenders will review your regular income to see if what you’re taking home is enough to cover the proposed loan repayments. Trying to build up some savings before you apply can increase how much you can borrow.
Expenditure
Lenders will also want to know how you spend what you earn, so they’ll check how much is left over once you’ve paid for necessities such as rent, groceries or school fees. Debts you’re paying will also be a factor. It can be beneficial to reduce those wherever possible to improve your borrowing power.
Your car’s value
The value of the car you want to buy will determine how much a lender is going to loan you. Your loan amount will always be reflective of the vehicle cost, as lenders are unlikely to lend you more than its value, aside from instances where you’re able to include on-road costs.
A deposit
The larger your deposit, the more you can borrow. Saving and being able to offer an upfront down payment will increase the available purchase price of your car. For instance, if you’re only able to get approved for a $30,000 loan, a $5,000 deposit will help you buy a $35,000 car. It can also reduce your repayments.