Low Income Car Loans
Earning a low income shouldn’t be a barrier to owning a car. By partnering with understanding lenders, we can offer you a chance to get behind the wheel.
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Earning a low income shouldn’t be a barrier to owning a car. By partnering with understanding lenders, we can offer you a chance to get behind the wheel.
Buying a car doesn’t have to be an unattainable fantasy if you earn a low income. If you’re one of the three million Australians taking home a low wage, we can help you get the best possible shot at car loan approval.
By partnering with lenders who work with all income groups, our consultants can find the most suitable one for your financial circumstances. Apply today and turn your car ownership dreams into a reality.
From the moment you submit a quote, you’ll get one-on-one service to guide you through the application process.
Our experienced consultants match you to your most-suited lender, giving you the best possible chance at approval.
Our highly efficient team can have you approved and funded in as little as 48 hours.
You can borrow the full value of the car you want, without the need for any hefty deposits, to get you from A to B.
Knocked back by other lenders? Don’t fret; we work with flexible financiers willing to give you a second chance at car finance.
You’re spoilt for choice with the option to buy brand-new or second-hand vehicles from anywhere in the country.
Low-income earners with wages and work which vary from week to week can still get financing for a car.
Fixed government benefits, such as the aged pension or single parent payment, can be included as assessable income.
You get the option of paying your loan over one to five years, as well as making weekly, fortnightly or monthly repayments.
Tell us how much you want to borrow and a bit about yourself and a consultant will call to discuss your options. Alternatively, you can apply straight away. s.
Your consultant works their magic after you apply, using state-of-the-art software to match you with a lender most likely to approve your application.
Your consultant prepares and submits the application on your behalf to give you the best chance at approval, with some further documents possibly required.
Hang tight and wait for your approval. Once granted, you’ll be asked to sign some digital paperwork so your funds can be released.
Earning a low income shouldn’t deny you the chance to a set of wheels. Whether you’re a student looking for an inexpensive set of wheels to get you to-and-from university or a single mum navigating work and school drops, a low-cost car can be a lifesaver. To take the guesswork out of your application, consider some simple tips and tricks to make your road to approval easier.
Take steps to improve your credit score
Although it’s far from the be-all and end-all, showing your lender you’re taking steps to improve your credit score can boost your chances of approval. Every time you make an on-time payment on a bill, it’s recorded as ‘positive credit’ on your credit file. Paying down existing debts and lowering credit card limits wherever possible will also help.
Borrow a smaller amount
The less you apply to borrow, the better your approval chances. Simple things like paying a deposit at the start of your loan can help boost your approval chances and reduce your repayment values, which can make your loan more affordable.
Reduce your expenses
Before you go ahead and apply for a loan, do a quick scan of your spending. Work out if there are areas you can cut back to demonstrate some financial responsibility to a lender, such as dinners out and spending on entertainment.
Try to avoid job changes
A long period of stable employment – within the same line of work – gives a lender more confidence that you’ll be able to pay your loan without issue. Your work history will also be an important factor when assessing your application.