Bad Credit Car Loans So You Can Get Back On The Road

A few missed payments, an old default, a discharged bankruptcy, or a difficult period that left marks on your credit file doesn’t mean you can’t finance a car. It just means the big banks are unlikely to be the right lender. Our brokers compare bad credit car loans across specialist lenders on our panel and arrange a deal with lenders who weight current income, employment stability and your ability to comfortably repay over historical credit issues. If you’ve sorted out the past and the budget supports the repayments, options exist. 

Bad credit car loans are typically secured against the car, which keeps pricing more reasonable than equivalent unsecured personal loans because the lender has identifiable security. Terms generally run one to seven years from $5,000 to $100,000 depending on the lender and the asset. Honest about pricing: bad credit lending costs more than mainstream lending because the risk is higher, and rates and fees will be disclosed before you proceed. Our service is free for you. If you’re under financial stress, please read our warning about borrowing page before taking on more debt.