Can You Get Car Finance If You're Under 18?

Short answer: no. Australian lenders require borrowers to be at least 18. A loan is a legally binding contract, and lenders won't enter one with a minor. But there are sensible ways to get a car, and plenty you can do now so you're ready when you turn 18.

Options if you're under 18

• Save and buy outright. For a first car, a reliable, inexpensive used car bought with savings is often the smartest move anyway: no interest, and lower insurance on a cheaper car.
• Family help. A parent or relative might buy the car, or lend you money informally. Put any family arrangement in writing so everyone's clear on who owns the car and what's being repaid.
• A parent takes out the loan. This is possible, but the loan and car are legally theirs. They're responsible for every repayment and the debt affects their borrowing power. It's a big ask. Only consider it if they genuinely want to and can afford it.

Getting ready for your first loan at 18

1. Build a steady work history. A part-time or casual job you've held for a while is one of the most useful things you can show a lender.
2. Save a deposit. It shows discipline and reduces how much you need to borrow.
3. Keep good bank habits. Lenders look at your statements. Avoid overdrawn accounts and buy now pay later.
4. Get your licence sorted. Many lenders want to see at least a provisional licence.
5. Budget for the full cost: insurance for young drivers can be expensive, plus rego, fuel and servicing.

When you turn 18

You'll have little or no credit history, and that's normal. Some lenders are comfortable with first-time borrowers who have stable income. Expect a modest loan amount. Read more in car finance if you've just turned 18.

If you're under 18, we can't take an enquiry from you. A parent or guardian who is thinking of financing a car themselves is welcome to get in touch.

Related guides

• Can I get car finance if I've just turned 18?
• Car finance without a driver licence yet
• Car finance options for apprentices

General information only. This isn't financial advice and doesn't take your personal circumstances into account. Finance the Ride is a referral service and doesn't hold an Australian Credit Licence. Last reviewed September 2026.