Looking For A Car Loan But Have Bad Credit?

We believe that everyone deserves a fair go

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Bad Credit Car Loan

At Alpha Finance, we recognise the challenges that come with a rocky financial history. We firmly believe that your past shouldn’t dictate your future, especially when it comes to upgrading your vehicle. If traditional bank loans have turned you away due to bad credit, fret not – we’re here to help.

Our specialised bad credit car loans are tailored to individuals like you who’ve faced financial obstacles in the past. We understand that circumstances change, and everyone deserves a chance to move forward. With our flexible financing options, we aim to empower you to drive away in the car of your dreams.

Transparency, integrity, and customer satisfaction are at the core of our values. Let us guide you through the process with personalised attention and support. Don’t let past credit challenges deter you – take the first step towards your car goals with Alpha Finance today.

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Quick & Easy - No Upfront Payment And Fast Approval

Previous credit concerns? Alpha Finance believes that everyone deserves a fair go. We all have mistakes from our past but as long as you are on the road to good credit, we are willing to work with you to get you into a car.

Say goodbye to waiting around and hello to the freedom. Don’t let the bus dictate your schedule – take control and start your adventure today!

Online Application

Complete a quick & simple online car loan application.

Verify Your Identity

A link will be sent via SMS to verify your identity so keep your mobile handy.

Add Bank Details

An additional link will be sent to connect to your bank account.

Decision Within 1hr

You will be contacted within an hour on your conditional approval.

Loan Calculator

Loan Amount

Years to Pay

Interest Rate

19.95%
19.95
28

*These calculations are provided only as general self-help planning tools. Results depend on other factors and are inclusive of the application fee, PPSR search, and monthly admin fee.

Change Payment Display:

Weekly Payment

Total Interest:
Total Amount Payable:
Total Years:
5 Years
Interest Rate:
19.95%

Let's Get Started

Accessible Car Loans

Bad circumstances can impact good people – we recognise that at Alpha Finance.  To help you get a car loan approved with a poor credit history, you should: 

  • Be able to demonstrate a regular and consistent minimum income – Centrelink benefits may form part or all of your income.  
  • Be honest in your application.
  • Avoid heavy gambling or regular spending on things you may not really need. 

Bad Credit Car Loans

We know bad things happen to good people, so we assess your current position.
Read More

Car Loans On A Pension

We will assess your current position based on your income (Your pension can form part or all of this).
Read More

Car Loans On Centrelink Payments

We will assess your current position based on your income (Centrelink can form part or all of this).
Read More

Single Parent Car Loans

Our single parent car loans are tailored to accommodate diverse financial backgrounds.
Read More

Frequently Asked Questions:

Applications and Approvals

What is a car loan?
A car loan enables you to borrow a specific amount of money to assist you to purchase a vehicle. As a loan secured against the vehicle you purchase, there is interest to be paid, but it is generally a lower rate than an unsecured loan would be, as there is less risk to the lender.

To secure the loan, the lender uses the asset as security, meaning if you don’t make your repayments, it may be possible for the lender to take possession of the vehicle to sell it to cover the cost of the loan. All vehicle loans via Alpha Finance are secured against the vehicle you purchase.

We do not offer unsecured loans for cars. As the lender, Alpha Finance will have a registered interest in the vehicle on the PPSR.

The money you borrow is paid directly to the dealership and the dealership delivers the vehicle to You.

This is a decision only you can make depending upon your personal circumstances and your objectives. Financing may be the only choice if you need a car now but do not have enough savings to pay cash.

A car loan may help bridge the gap between the money you have saved up and the payments you could comfortably make monthly towards having the car you want now, rather than needing to continue saving for a prolonged period to be able to pay cash.

If you know you will be scrimping and saving for months or years so you can purchase with cash, it is probably worth looking at your financing options.

You may also want to consider how much money you will spend on maintaining and repairing your current vehicle (if you have one) or while using Ubers or taxis to get around, as these are expenses you may not be able to avoid while you try to save.

Buying a car on finance can be a quick and secure way to obtain a vehicle you want.

Successfully paying off a loan may also increase your credit score, improving your chances of obtaining another loan in the future, or at a better rate.

The best financing option depends upon your personal preferences and individual financial circumstances. Alpha offer a variety of financing options that can spread the purchase costs over a manageable period to suit our customer needs.

Yes, you can! At Alpha Finance, we’ll review your current situation and ability to manage your car loan repayments and other commitments when evaluating how much credit you can safely manage.

We operate under an Australian Credit License and could offer you the right car loan suited to your financial circumstances.

Bad circumstances can impact good people – we recognize that at Alpha Finance. To help you get a car loan approved with a poor credit history, you should:

  • Be able to demonstrate a regular and consistent minimum income – Centrelink benefits may form part or all of your income.
  • Be honest in your application
  • Avoid heavy gambling or regular spending on things you may not really need.

Our focus will be upon your current financial situation and your ability to manage the loan repayments comfortably over the loan term.

You can apply for a car loan even if you are:

  • a self-employed worker.
  • a single parent needing a car loan
  • a student with regular income

From small used car loans or larger car loans – what matters is what you can afford and how you manage your money.

You may be more likely to get approved for a car loan with a specialist lender like Alpha Finance, over a bank with traditional lending criteria.

Get your application for a car loan started online by completing the short form here.

Your application enquiry should take about 5 minutes. We’ll then review all your details and make sure any loan offer is affordable for you. Once you have your loan pre-approval offer, you can start shopping for a suitable vehicle.

How much you can borrow for a car loan may depend on your current financial situation and your ability to manage loan repayments over the loan term.

At Alpha Finance, you may be able to borrow up to $50,000 for your car loan.

Fees and Repayments

What are the fees or expenses?

There will be a loan application process, some upfront fees, and interest. A maximum of $25,000 may be available depending upon your needs and what you can afford to repay.

We like making things simple and easy. We’ll always be transparent about any additional costs or fees. Please view our Fees Statement for more information.

Yes, you can. There is a penalty for early repayment, please refer to our Fees Statement.
Please check out our Car Loan Calculator for a general guide of repayments for different loan amounts with us. Our calculator considers your car loan interest rate and other ongoing fees so that you can compare car loans effectively.

If you miss a payment don’t worry, it happens! Please ensure you have the funds in your account and either send us a direct transfer or call 1300 463 466 to discuss your payment options.

If you believe you won’t be able to meet the required payments, please contact our Customer Care Team or alphacustomercare@alphafinance.com.au.

Alpha Finance will work with you in a fair, ethical, and moral manner to resolve the issue. We’ll contact you to try and sort out an affordable arrangement. It’s best to always communicate with us if you are having trouble repaying so we can come up with a plan together. See our Fee Statement for further information.

If you have a vehicle with us and your repayments have fallen behind, or if you have an upcoming payment you know you won’t be able to make, please contact us at your earliest convenience. The earlier we know what’s going on, the more we can do to help.

Your responsibilities include:

  • Making your payments on/or before the agreed date;
  • Arranging comprehensive vehicle insurance before you pick up the vehicle, noting Alpha Finance as an interested party;
  • Keeping the vehicle in a clean, roadworthy condition;
  • Ensuring the vehicle is serviced at scheduled intervals;
  • Arranging your own E-Tag or method of paying tolls and keeping your account in order;
  • Paying all other traffic infringements on or before their due date;
  • Arranging your own roadside assistance (RACQ / RACV / NRMA or equivalent)

Call Us

1300 463 466

Send Us An Email

customercare@alphafinance.com.au

Exciting News: From the 1st of February 2025, Intrinsic Finance will officially be know as Alpha Finance