Bad Credit Car Loans Australia

By Tom Caesar - December 30, 2014

Want a new set of wheels?

Poor credit history and snapping up a car loan don’t often go hand in hand. In fact many people who have experienced financial troubles in the past, mistakenly believe that they won’t be able to get car loans ever again. This is definitely not the case however so if you’re struggling to find a car loan due to bad credit, read on and find out how to get yourself a new set of wheels with bad credit car loans in Australia.

Wary of bad credit car loan companies?

Contact lenders – and not just those who specialize in poor credit loans. Many of Australia’s main car loan companies will also have a division within them for those with bad credit history so don’t write any lender off before you’ve thoroughly researched the products that they have on offer. You may be surprised by how many may be able to help.

Get Online to get on the road:

Use online sites to compare and search for the right lender, or speak to experts on the phone. There is rarely a charge for this and it means you will be able to gain access to expert advice regarding all types of car loans available to those with bad credit.

Short term pain, long term gain

Look for loans that offer the lowest APR over the shortest period. If you’ve got bad credit, you’ll often be tempted to go for loans which offer lower monthly payments over a long period of time however the term of the loan is one of the key things to tie down and consider when budgeting for this.

Bad Credit Car Loans in Australia

Many Australians need a car. It’s something that isn’t just a luxury but a necessity. This means that even with bad credit history, you’ll still need to find a way to get a car loan and get yourself behind the wheel. Persevere and explore options with the help of a little expert advice.

Tom Caesar
Tom Caesar is the Managing Director of The Positive Group, a group of Australian financial services companies offering a broad range of finance to clients Australia wide. The Positive Group assist clients in the areas of car finance, mortgages, insurance & wealth management. Tom has been in car & asset finance for over 10 years. Tom regularly contributes articles on car finance, insurance, technology and business growth, drawing on his experience of starting his own brokerage in 2009.

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