🤔 Never Had a Loan or Credit Card? You’re Not Alone.
If you:
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Rent a place,
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Work and earn a regular income, but
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Have never taken out credit before…
…you might be asking: “Can I get a car loan with no credit history?”
Yes — you can. But you’ll need to prove yourself in other ways.
✅ What Lenders Look For Without a Credit Score
When you don’t have a credit history, lenders pay more attention to:
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Your current income and employment stability
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Your banking conduct (no overdraws, dishonours, or gambling)
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Whether your rent and bills are paid on time
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The loan size relative to your income
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Your savings and budgeting behaviour
👉 Check your eligibility — no credit check required
🧠 Tips to Get Approved With No Credit History
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Stick to a modest loan amount — under $15,000 is best
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Choose a vehicle that’s practical and affordable
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Show at least 3 months of clean bank statements
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If you rent privately, include proof of rent payments
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Consider a guarantor if your profile is borderline
👉 See Low Rate Car Loans With Minimal Credit History
💡 Why Renters Often Have No Credit Score
It’s common for renters to:
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Avoid credit cards
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Live on debit cards and Afterpay
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Never need a loan until they want a car
That’s okay — lenders now often use open banking data to assess your repayment ability, not just credit scores.
🏠 Renting Helps If You Can Prove Stability
Even without a credit file, showing:
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Ongoing rent payments
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Minimal debts
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Consistent employment
…can lead to approval — especially through non-bank lenders that assess affordability holistically.
👉 Can I Get a Car Loan Without Bank Statements?
👨🔧 No Credit But Have ABN Income?
If you’re running a side hustle or gig work under an ABN, a low doc car loan may be more appropriate — especially if you don’t have payslips.
Also handy:
👉 How Long Do I Need an ABN to Get Car Finance?
🚀 Final Word
You don’t need credit history to prove you’re responsible.
If you’re renting, earning steadily, and spending wisely, you can still qualify for car finance — even if this is your first ever loan.
👉 Apply online now — takes 60 seconds, no credit impact
DISCLAIMER
The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.
