Competitive
We have access to some of the lowest industry rates giving us the competitive edge to find you the best rate car finance.
Don't let past credit issues stand between you and the car you need. At Fox Finance Group, we specialise in bad credit car loans, offering a genuine second chance for people across Australia.
We understand that life happens, and a low credit score shouldn't prevent you from securing a reliable vehicle.
Don’t let the fear of bad credit stand between you and your application, options are always available.
So, don’t wait another day, apply now!
Provide some details about yourself, your loan objectives, and the car you want to buy.
Our car loan Lending Specialists will run through all of the finer details to get your vehicle finance underway.
We'll get you approved with the lender best suited to your individual profile. You'll be able to go car shopping, knowing exactly what you can purchase!
Once everything is verified, we'll walk you through a simple contract signing process.
We'll communicate with your lender through the entire settlement process. You'll know exactly when you can pick up the new car!
Provide some details about yourself, your loan objectives, and the car you want to buy.
Our car loan Lending Specialists will run through all of the finer details to get your vehicle finance underway.
We'll get you approved with the lender best suited to your individual profile. You'll be able to go car shopping, knowing exactly what you can purchase!
Once everything is verified, we'll walk you through a simple contract signing process.
We'll communicate with your lender through the entire settlement process. You'll know exactly when you can pick up the new car!
We have access to some of the lowest industry rates giving us the competitive edge to find you the best rate car finance.
We do the running around for you and compare car finance options and rates from over 50 lenders.
We work hard to get your finance approved fast. Same day approvals are available - ask us how!
We find and compare car finance options that best suits your needs and budget with flexible repayment terms available.
To increase your chances of approval with our panel of lenders, you must:
Be 18 years of age or older
Be a permanent Australian Resident or citizen.
Be employed full time 1+ months / casually employed 3+ months
Earn a gross annual income of $45,000+ or more.
as a Financial Services Group helping customers Australia wide
of processed applications for everyday Australians and SME businesses
applications since 2006 and growing
Rated 5 out of 5 by our customers on Google
A bad credit car loan is a type of vehicle finance specifically designed for individuals who have a low credit score or a history of financial difficulties, such as defaults, missed payments, bankruptcies, or debt agreements. Unlike traditional lenders, specialised bad credit lenders look beyond your credit history and focus on your current ability to repay the loan.
You will need to supply the following documents:
Yes, absolutely! While the big banks might be hesitant, we work with a panel of over 50 lenders, meaning we can match you with a lender who understands your unique situation and specialises in bad credit car loans.
Once you’ve submitted your application for a bad credit car loan, one of our experienced lending specialists will contact you within 15 minutes (Monday to Friday) to walk you through the next steps.
We will review your financial situation in more detail, explain your options clearly, and work with you to find the most suitable lender from our panel.
We strive for same day or within 24 hours for approval. Keep in mind that depending on factors like lender turnaround times, information provided, and credit history may extend getting your loan approved.
While a deposit isn’t always required, having one can significantly improve your chances of approval and potentially lead to better loan terms. A deposit shows the lender that you’re committed to the purchase and reduces the amount you need to borrow, thereby lowering their risk.
Yes! While it might require a slightly different approach than employees who work for a company, many lenders on our panel specialise in helping self-employed individuals secure the finance they need, even with a less-than-perfect credit history. They’ll typically look at your income stability, business history, and your overall financial health to accurately evaluate your borrowing capacity.
Interest rates for bad credit car loans are generally higher than those for borrowers with excellent credit. This is because lenders perceive a higher risk when lending to individuals with a not-so-perfect credit score. Rates can vary, but your dedicated lending specialist at Fox Finance Group will go over your offers and help you understand the total cost of your loan, including any fees.
When you apply for a bad credit car loan through Fox Finance Group, we start by conducting a soft credit check. This initial step lets us assess your credit profile without impacting your credit score or leaving any marks on your credit file. It’s a smart, risk-free way for us to identify lenders that are most likely to approve your application based on your current financial situation.
If you choose to move forward with a loan offer, the selected lender will then carry out a hard credit check. This is a standard industry practice that will slightly lower your credit score and will leave an enquiry on your credit report.
It’s important to understand that multiple credit enquiries, especially when applying for bad credit loans, can negatively affect your score and reduce your chances of getting approved. To give you the strongest possible outcome, we recommend that while you’re working with us, you avoid making additional loan applications elsewhere. This strategy helps protect your credit score and maximises your chance of securing the most competitive loan approval available to you.
A secured bad credit car loan is a type of loan where the vehicle you’re purchasing is used as collateral (also known as security) for the loan. This security reduces the lender’s risk, which often makes it easier for individuals with a low credit score to get approved.