If you have bad credit, securing car finance in Australia might seem like a daunting task. However, many car finance companies specialize in helping people with poor credit histories. Whether due to missed payments, defaults, or other financial challenges, bad credit doesn’t have to prevent you from financing a car. In 2025, a variety of lenders offer tailored solutions for individuals facing credit difficulties. Here’s a look at some of the top car finance companies that assist people with bad credit.
1. Mogo Finance
Mogo Finance is a non-bank lender known for helping individuals with bad credit secure car loans. They provide flexible financing options, including both secured and unsecured car loans, to people with poor credit. Mogo Finance takes a more holistic view of an applicant's financial situation, considering factors such as income and employment stability rather than focusing solely on credit scores. This approach allows them to offer tailored loan products for individuals who may have difficulty securing finance through traditional banks.
2. Now Finance
Now Finance is a trusted name in bad credit car finance in Australia. The company specializes in providing loans to individuals with credit issues, offering a more personalised approach to lending. They understand that everyone’s financial situation is different and are willing to work with you to find a loan that fits your budget and circumstances. With fast online application processes and a reputation for transparency, Now Finance is a popular option for those with bad credit looking to finance a car.
3. Credit One
Credit One is an Australian lender that provides car loans for people with bad credit. They have a track record of working with borrowers who may have defaults, late payments, or other issues on their credit history. Credit One offers both secured and unsecured loans, giving you more flexibility depending on your needs. The application process is straightforward, and they often provide fast approvals. While they may charge higher interest rates due to the risk of lending to those with bad credit, they offer solutions that can help get you on the road.
4. Pepper Money
Pepper Money is another leading lender in Australia that specializes in offering car finance to individuals with bad credit. They understand the difficulties faced by people with less-than-perfect credit and aim to make the car buying process more accessible. Pepper Money offers both secured and unsecured car loans, and they take a more flexible approach when assessing loan applications. Their focus is on your current ability to repay the loan, rather than solely relying on your credit history, making them a great option for those with poor credit.
5. Auto Finance Online
Auto Finance Online is an online-based car finance provider that works with multiple lenders to offer financing options to people with bad credit. By having access to a wide network of lenders, Auto Finance Online can connect you to the best loan options available for your specific financial situation. They offer secured car loans, which tend to be easier to obtain with bad credit, and provide a simple online application process, allowing you to receive fast loan approvals.
6. GO Getta
GO Getta is a car finance company that focuses on offering car loans to people with poor credit in Australia. They offer both secured and unsecured loans and are known for their customer-focused approach to lending. GO Getta understands that a bad credit score does not define your ability to make timely repayments, and they are willing to consider other factors such as income, job stability, and past repayment history. They aim to provide flexible loan options with competitive interest rates, even for those with bad credit.
7. Car Finance 24/7
Car Finance 24/7 is another popular lender for individuals with bad credit in Australia. They offer fast and easy car loans for those with financial difficulties. Car Finance 24/7 works with a network of lenders who specialize in bad credit car loans, making it easier for you to get approved. They provide both secured and unsecured car loans, and the application process is quick and simple. Although interest rates may be higher for bad credit applicants, Car Finance 24/7 aims to make financing accessible to a wide range of borrowers.
8. Lending Works
Lending Works is a reputable lender that offers car finance solutions for individuals with bad credit. They have a range of flexible loan products, including secured and unsecured loans, which can help you finance a vehicle even if your credit score is less than ideal. Lending Works works closely with borrowers to find the best possible loan terms, and they consider factors beyond just your credit score, such as your income and financial situation, to provide you with the most affordable options available.
Conclusion
While having bad credit can make it more challenging to secure car finance, several companies in Australia are dedicated to helping people in this situation. Mogo Finance, Now Finance, Credit One, Pepper Money, Auto Finance Online, GO Getta, Car Finance 24/7, and Lending Works all offer tailored car loan products for individuals with poor credit histories. These lenders are more flexible when it comes to loan approval, considering factors like income and employment status, and provide options that may be more accessible than traditional banks. While interest rates may be higher, these lenders can help you get the car you need, even with bad credit. Be sure to shop around and compare loan terms to find the best deal for your financial situation.
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.
