Car Loans & Finance

Australian Lending Centre offers a range of car loans with competitive rates and flexible payment terms.
No impact on your credit score

Why Choose ALC for Car Loans?

Cars are a major purchase and as an investment don’t generally offer any return – a depreciating asset. A bad credit car loan makes it easier for you to buy that car of your dreams, without waiting for years by saving up or applying with a bank and being rejected.

If you can, a deposit plus car finance can lower your repayments. If you do have a decent chunk of money set aside for a car, it’s worth considering what else you could purchase for that money. It’s a well-known fact that car safety and performance decline with age. Purchasing older car with high mileage can cost you more in repairs and servicing down the track. You need to factor these costs on top of the vehicle’s purchase price.

This means that while you may have a good nest egg of money available to you, it can still be worthwhile taking out a loan to get a new or newer model car, with lower kilometres, that will serve you more reliably and more cost effectively over time.

Spending more money for a better car means you will likely run into less maintenance issues down the track and in turn, save you money. 

Car Loans and Vehicle Finance From Non-Bank Lenders

Really Bad credit Car Finance Loan

Car loans and vehicle finance can be sourced from a variety of different lenders, each of whom has different criteria, some are more strict than others. It is usually a good idea to shop around and research the different loans on offer to find the one that best suits your needs before putting in an application that will lead to another detrimental enquiry on your credit file.

Think about the car you intend to buy before you apply for the loan. This will give you a good idea of your budget and likely repayments. You can also then choose whether or not to buy a new or used vehicle. Also, consider if you will opt for an unsecured loan or a secured loan. If you aren’t sure, get in touch.

These details will help you when it comes time to buy your car. When you apply for a car loan you will need to provide these details, along with your ability to meet the repayments. Non-bank lenders are more flexible with their loan criteria, so you can even get a car loan with bad credit in many cases.

Experience the ALC Car Loan Difference

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Apply Online Easily

Our goal is to make your car loan or vehicle finance application procefast and easy as possible.

Your choice icon

Your Car Loan, Your Choice

You get to decide on a new or used car or whether you want to get secured or unsecured finance.

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We understand car loans

ALC has found the right finance for customers for over 25 years. We know how to get you the best deal.

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ALC Will Save You Money

Instead of shopping, we've already done the hard work for you. You can trust ALC to save money on your car loan.

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Save Time

Our online application, and our experience means you can get behind the wheel of your new car faster.

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We Genuinely Care

Our reputation and customer service are at the core of our business. We will go the extra mile to help you.

Applying has never been faster or easier!

Click “Start Your Application” to begin your car loan application.

Select the car loan icon on the panel and then complete the options below.

Step 3: Fill out the form icon

Continue through the form and follow through to the upload document prompts.

Step 4: Receive your money fast icon

If approved, your car loan funds could be in your account as little as 72 hours.

Car Loan and Vehicle Finance FAQs

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Non-bank car loans are a specific finance type that is taken out for the purpose of purchasing a vehicle, when you can’t get a loan through the banks. If you don’t have enough money in savings to buy a car outright, and have a ‘less than amazing’ credit score, a non-bank car loan is generally a better option than applying through a bank. If you apply through a bank and are rejected, you will have another credit enquiry on your account, even though you didn’t get finance. This will make it hard when you apply with another company. When your credit score is impaired, with lots of enquiries, it can mean you look like a “riskier” borrower. However, with a non-bank lender, you just need to be able to show that you are able to make the monthly repayments.

If you credit is impaired, you need to find bank-alternative options, lenders who see past your credit score, and look art the big picture.

Are you looking to stop having to use Uber or public transport? Or do you have a car but it is time to update? Either way, we offer non-bank vehicle financing for people who may have a hard time applying with the banks.

ALC are specialists in finding the best non-bank car loan based upon your ability to service the loan and your credit score. We look past the standard, strict bank criteria, to get the whole picture.

Non-bank car loans give you the flexibility that a traditional lender cannot. This means less paperwork, faster funding times and finance tailored to suit your credit history. Whether you would like to pay off your loan within 3 years or 5, with or without a balloon at the end, it is up to you. While most banks say “no” to people with bad credit, we have lending partners that say “yes” more often.

Owning a vehicle is no longer considered a luxury and it can be challenging if you have an impaired credit score. Cars can also cost a lot to purchase and maintain. This can make buying a car outright is difficult for most individuals. Whether it be to get to and from work, taking the kids to school, or to replace a broken-down vehicle, owning a car, for many, is a necessity. The Australian Lending Centre understands this, which is why we offer a range of bad credit car loans.

car loanIf you have borrowed money in the past and struggle with repayments then there is a good chance that your credit score will have taken a hit. You might have defaults listed on your credit report and may feel that there is no way to fix your bad credit. The truth is that there are still solutions, whether you have a bad credit history or not. We understand that negative events like injury, separation, illness or losing your job happens to the best of people. As a bank alternative loan company, we won’t judge you for your past. The Australian Lending Centre is here to provide opportunities for people to create a positive future and get in better financial shape.

Bad credit car finance takes away the need to save up for months, or even years to afford the extortionate price tag that comes with a car. Instead, you can enter a bad credit finance agreement, which means:

  • Get the car you want now, you don’t have to wait years to save the money
  • No huge chunk of money upfront
  • Find a car loan that has flexible repayment terms and the best interest for your circumstances.

What to consider about bad credit car finance:

  • Interest rates will be higher than if you had a good credit score
  • You may have to secure the loan against a personal asset.

Bad credit loans are your second choice at finance. If you feel trapped and all you keep hearing is no, bad credit finance is your alternative car finance solution. A car which was out of reach yesterday, becomes a dream come true tomorrow with the help of a non-bank lender.

ALC works hard for bad credit applicants to find the best rates and most flexible terms for you. We have a wide range of bad credit vehicle finance products to offer. Regardless of your credit score, there is a chance that we may have the solution for you.

Used car loan: if you have your sights on an older model, then this type of loan is for you. It’s for those cars that don’t qualify for a new car loan. You have the option of taking out an unsecured loan. These used car loans do often come with a higher interest rate.

New car loan: if you are looking to buy a car that is brand new, or possibly just a year or two old, then you can take out this type of loan. They are usually offered as a secured loan, which we discuss in further detail below, which allows you to get a competitive interest rate.

When it comes to car loans, there are two different types you can take out: secured loans and unsecured loans.

Secured car loans are used more often than not. The idea is that the vehicle you buy with the loan is then used to secure the loan. This means if you are unable to make the repayments, your car is then seized and repossessed. These types of loans often come with a lower interest rate as the lender is taking on less risk.

Unsecured car loans, on the other hand, are generally only seen if you are purchasing a much older car with a lower price tag. In this situation, nothing is offered up as collateral against the loan. This means the lender is taking on all the risk, should you not be able to repay the loan. Unsecured car loans often come with higher interest rates for this reason.

It’s about working out what type of loan best suits your situation and needs and do your research to see how much that type of loan is going to cost you when you factor in the interest rates.

Australian Lending Centre offers a range of bad credit car loans with competitive rates and flexible payment terms. We create a customised package for your needs and circumstances. We look beyond the traditional credit score, and offer alternate solutions to help you get the car loan you need. The process is easy and you can do it all online. The best part, it won’t affect your credit score at all. In just a few minutes, you will be on your way to cruising down the road in your new set of wheels.

We have helped hundreds of Australians save money with a wide variety of car finance options. Our bank alternative loan partners offer car finance for people who have poor credit or don’t qualify with the banks, due to the bank’s strict lending requirements.

Our expert loan car loan specialists are qualified to guide you through the car finance process. The Australian Lending Centre team actually cares about getting you the best deal so you can reach your car goals faster.

Regardless of whether you are buying a used or new vehicle, privately or through a dealer, we help secure the lowest rates and most favourable loan terms.

It can be hard to find a car loan if your credit is bad or you are self-employed or don’t have documentation such as tax returns. This is why the Australian Lending Centre works hard to help you get the vehicle you want with a car finance product that suits your needs.

Some vehicle finance offers a residual payment at the end of your contract. This type of finance option is called a balloon payment. This can lower your monthly repayments and make them easier to manage in the shorter term. 

At the outset, this can be an inviting repayment option for your car loan, but you will pay more interest on the remaining balance, so it will cost you more overall.

The downside is that at the end of the loan term you will have to find that lump sum, or accrue additional fees and interest. The other factor to consider is that if you decide to trade in your car and purchase a newer car, the value of you car may be less than the value of your trade in so you will end up out of pocket. May sure you understand all these factors before agreeing to a balloon payment at the end of your car finance.

Dealer finance seems very easy and it is easy to be talked into it by the slick salespeople that car showrooms employ. Your car dealer will use their preferred bank or financial contacts and arrange a loan for the car. They do all the work for you at the same time as you buy the car.

The problem is that the dealer has all the power in this situation. They hold the key, literally, to your new car finance. It makes it hard to negotiate. The car price may be higher, despite the interest rate seems lower. The net result is the dealer has a higher profit margin and gets a fee for the finance referral, and you end up paying more. You also need to be wary of the dealer adding in finance “extras” like loan protection, gap cover and tyre and rim protection.

If you want to finance your car in a process that is clear and transparent, apply with ALC now.