Short answer: Yes, it's often possible if you're 18 or over, in a registered apprenticeship and past probation, and the repayment fits comfortably around your rent and living costs. Lenders assess what you earn now, not what you'll earn as a qualified tradie, so the loan amount usually needs to be modest.
What lenders look at
- Your apprenticeship. Full-time apprentices on a training contract are often treated much like permanent employees. Lenders may ask how long you've been with your employer and whether you're past probation.
- Your current wage. Apprentice wages rise each year of the apprenticeship, but most lenders only count what's on your payslips now. Regular overtime and allowances may be counted if they show up consistently.
- Your rent. Lenders look at your share of the rent, not the whole lease. If you're in a share house or paying board, the amount that leaves your account each week is what matters.
- Your bank statements. Lenders check spending, buy now pay later use and any dishonoured payments. Tidy statements for the last three months help.
- Your credit file. A thin file is common for apprentices and not a deal breaker. Defaults or unpaid phone bills are more of a concern.
Sizing the loan
Work out what's left each month after rent, food, phone, fuel and insurance, then aim for a repayment well inside that. Example only: $15,000 over 4 years at 10% p.a. is about $380 a month. Remember to budget for comprehensive insurance, which lenders usually require and which can be expensive for younger drivers.
A reliable used car is usually the right fit here. A new ute on a first-year wage is likely to be declined or to leave you stretched.
Options that can help
- A guarantor. A parent or relative with property or strong income can guarantee the loan. They become liable if you don't pay, so they need to understand that.
- A deposit. Even a small amount lowers the loan and shows you can save.
- Waiting a few months. Getting past probation or into your next wage stage can make a real difference.
- Clearing small debts. Paying off buy now pay later balances or closing an unused credit card can improve how your finances look.
If you're working on an ABN
Some apprentices and subcontractors are paid on an ABN rather than wages. In that case lenders look at ABN age, bank statements and sometimes BAS, and the rules are different from a standard PAYG loan.
Documents to have ready
- Driver licence and a second form of ID
- Recent payslips and your apprenticeship or employment details
- Three months of bank statements
- Your lease, rental ledger or a note of board paid
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Related guides
- Car finance options for apprentices
- Car finance while renting in a share house
- How guarantor car loans work
General information only. This isn't financial advice. Finance the Ride is a referral service and doesn't hold an Australian Credit Licence. Last reviewed September 2026.
