Get back on the road with second chance car finance.
As second chance finance specialists, we assist everyday Australians.
We believe owning a car should be accessible and affordable to everyone.
Looking for a second chance loan? We'll give you a fair go. With our stress-free application process, you're in the driver's seat from the start.
- 01.Submit your pre-approval online
With quick, stress-free upload options for bank account statements, you can apply online from the comfort of your own home.
- 02.We’ll take a look and get in touch
Once we review your request, we’ll reach out via phone or email with your next steps to clarify how much you could borrow.
- 03.Pick your new car
Either new or used, from a dealership or via a private sale — tell us what car you'd like to buy, and we can take it from there.
- 04.Drive away
We’ll step in and organise your payment. If all goes smoothly, you could be driving away in your next car in 24 to 48 hours.
1. Subject to verification, suitability and affordability
Get the money you need when you need it most.
100% online
With easy, automatic upload options for your documents you can apply online in just 5-10 minutes.
Get up to $75,000
We'll match you with the right bad credit car loan and tailor your repayment plan to work best for you.
Drive away in 48 hrs
When it's time to buy, we can step in and organise your payment to speed things up.
Find fair and affordable car finance for every driver
Receiving Centrelink benefits*?
Unlike many lenders, we'll still consider a loan offer for customers that are currently unemployed and on a Centrelink income*.
Dealing with bad credit history?
Don't let a bad credit rating slow you down. As lending specialists, we'll give you a fair go.1
Used Car Loans
Have you seen a second-hand vehicle you'd like to buy? We could help with a used car loan up to $75,000.
* Money3 is not affiliated with, or endorsed by, Services Australia, but does provide personal loan and vehicle finance options which are available to recipients of benefit payments
Example Second Chance Car Finance - Costs Chart
| Borrow | Costs | Repay |
|---|---|---|
| $5,000 | $1,909 | $6,909 |
| 24 months at 13.95% APR & 34.16% Comparison Rate | ||
| $10,000 | $6,925 | $16,925 |
| 48 months at 13.95% APR & 29.11% Comparison Rate | ||
| $25,000 | $14,850 | $39,850 |
| 60 months at 13.95% APR & 20.38% Comparison Rate | ||
| $50,000 | $30,285 | $80,285 |
| 72 months at 13.95% APR & 17.23% Comparison Rate | ||
| $75,000 | $42,219 | $117,219 |
| 72 months at 13.95% APR & 16.15% Comparison Rate | ||
EXAMPLE: A platinum secured personal loan of $5,000 for 24 months has fees and charges totalling $1,909.35 and a total repayment of $6,909.35. The Minimum loan term is 24 months and the Maximum term 24 months. The loan term will be 24 months, 52 fortnights or 104 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $5,000 over two years, is 34.16%.
EXAMPLE: A platinum secured personal loan of $25,000 for 60 months has fees and charges totalling $14,850.43 and a total repayment of $39,850.43. The Minimum loan term is 24 months and the Maximum term 60 months. The term will be 60 months if you repay monthly, 130 fortnights or 260 weeks. The Maximum APR is 13.95%. The Comparison Rate, based on a loan of $25,000 over five years, is 20.38%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 389067.
Second Chance Car Finance FAQs
This finance is offered by lending specialists who are willing to lend to customers who have been rejected before by other lenders.1
You can use the money from a secured loan to purchase your next car. Like a traditional car loan, second chance loans often involve a careful assessment of your financial situation including your car finance history and income.
Some lenders may view your bad credit as high risk and reject your application. Money3 will look at your individual situation and do our best to ensure your repayments are affordable1.
Yes, you could apply1. Whether you've previously had missed payments, or a poor credit score we will look at your current situation afresh to assess whether you qualify for our financing.
Yes, it is possible1 to get second-hand car loans with Money3 or for other second-hand vehicles, such as caravans, motorbikes or even boats.
Also check out the article on buying used cars or our car loan calculator to get you started.
1. Subject to verification, suitability and affordability
