Bad Credit Car Loans Chief
We are committed to providing our customers with access to Bad Credit Car Loans across Australia. Our primary goals are outlined below:-
- To produce high quality "up to date" Bad Credit information.
- To give you access to professional and experienced finance brokers.
- We use the world wide web to make this happen.
No Credit History?
Haven't had Credit in Australia?
You may be new to Australia or just haven't required any form of credit or finance to date. We have finance brokers ready to get you started with your first form of credit. Read more...
Prime Finance Options
Car Lease
A Car Lease (also known as a Finance Lease) enables a individual or business to have use of a motor vehicle. Ownership remains with the finance lender until the residual is paid in full. Visit 1300 Car Lease...
Hire Purchase
Commercial Hire Purchase is a business finance product where the customer hires a motor vehicle from the finance provider or bank for a set monthly repayment over a set term. Visit Hire Purchase Chief...
Novated Lease
The Novated Lease agreement is a 3 way agreement between the employee, the employer and the financier. Visit Novated Lease Chief...
Chattel Mortgage
A Chattel Mortgage is another option for Businesses looking for immediate ownership with the added benefit of claiming back the GST on the purchase price of the car. Visit Chattel Mortgage Chief...
Car Finance
Instant online car finance quotes for all finance options including Commercial Hire Purchase, Chattel Mortgage and Car Lease. Visit Car Finance Chief...
Bad Credit Finance Options
Second Chance Car Finance
Had a bit of bad luck and need a second chance? We have finance brokers waiting to help you out with your next car loan. Read more...
Bad Credit Car Loans
Do you have defaults or forgot to pay a bill? The Aussie Chief can give you access to experienced bad credit experts who can help you today. Read more...
Bankrupt Car Loans
Discharged from bankruptcy? We may have a car financing solution for you and get you back on the road in a new or used vehicle. Read more...
Low Doc/ Sub Prime Car Loans
Been in business for over 2 years and have no financials or supporting documents to prove your income? No worries, we have brokers ready to help. Read more...
Part IX or Part X Debt Agreements
Under a part IX or part X debt agreement? We give you access to finance brokers that may be able to help you. Read more...
Featured Finance Brokers
Tab One
Advance Car Loans
Advance Car Loans is quickly becoming one of Australia's leading online car finance brokers.
Advance Car Loans has access to a wide range of Australia's leading car finance providers and banks. Their company's service includes products with the following features:
- Low interest rates Australia wide
- No establishment fees
- No payout penalties
- Experienced and friendly staff
Low Doc Car Loans
Low Doc Car Loans are designed to assist self employed borrowers. No income substantiation is required however self-certification of your ability to make repayments normally applies.
The major criteria for sub prime finance lenders relate to the vehicle and how it is purchased and can be summarised as follows:
- All vehicles must be purchased through a licensed dealer - strictly no private sales
- Can be used for business or personal use
- Commercial vehicles up to 7.5 tonne
- Vehicles cannot be older than 9 years - Exception: higher risk and low doc clients may be subject to maximum 6 year old vehicles
- Minimum loan size $8,000 (Consumer), $10,000 (Commercial)
- Chattel Mortgage and Hire Purchase available on commercial deals
- Weekly, fortnightly or monthly payments in advance (Commercial only) or arrears
- Rates are fixed for the term
- Balloon/residual payments are ok for commercial but is restricted
- Some postcode exclusions apply
These Car Loans Are Available for:
- PAYG - Consumer and Commercial use
- Low Doc Consumer use (Minimum 2 years ABN)
- Low Doc Commercial use (Minimum 2 years ABN)
- Start Up Business - Commercial (Must have moved from same industry)
- Loans up to $120,000 available
When clients are credit impaired, the finance lenders look for stability in employment and residential status. Short term employment is often not too much of a problem as long as there is a consistent work history dating back 3 years.
Low doc easy - will look at bank statements for 3 months and average income for the year to see if it lines up with clients declaration
There are a lot of grey areas but generally we can give you a good idea if the deal is likely to go ahead. If a loan is declined, lenders will often provide some guidance on how it can be approved in the future eg time frames, payment of defaults etc.
What Information Needs To Be Provided?
PAYG
- Last 2 payslips
- Centrelink income statement (available from Centre link or online)
- Last 3 months bank statements - all accounts held
Low Doc
- Last 3 months bank statements - all accounts held
Want To Talk To A Finance Broker?
Just complete the friendly enquiry form and we will have an experienced Bad Credit Car Loan consultant call you within a few hours.
Enquire Now