Car Loans · Bad Credit Car Loans
Car loans when your credit is not perfect
A bad-credit car loan is arranged with a lender who assesses your full circumstances rather than a score alone. Noddle compares options across a panel accessed through the Loan Market Group platform and arranges car finance where a lender is willing to approve it, subject to responsible lending checks under the NCCP Act 2009.
Noddle is a broker, not a lender. We find, compare and arrange; lenders approve and lend.
- Australian Credit Licence 526746
- Member of AFCA
- Servicing Australia, 100% online
- One application, many lenders compared
Bad credit does not always mean no
A default, missed repayments or a low Equifax score narrows your options but does not always close them. Some lenders weigh stable income and the security of the car alongside your score. A broker knows which lenders those are, which avoids applications that mark your file for nothing.
Security can help your case
Because a car loan is usually secured against the vehicle, a lender has recourse if repayments stop, which can make approval more achievable than an unsecured loan. Noddle explains how this affects your options and the rate.
Frequently asked questions.
Possibly. A past default or a low credit score does not automatically rule you out, because some lenders assess your full circumstances rather than a score alone. Noddle compares options across its panel and arranges finance where a lender is willing to approve it, subject to responsible lending checks under the NCCP Act 2009.
A bad-credit car loan is a vehicle loan arranged with a lender who assesses your full circumstances rather than a score alone. It is usually secured against the car. Noddle compares these lenders across its panel and arranges the option a lender is willing to approve.
Reviewing your options with Noddle does not affect your credit score. We use an Access Seeker (soft) enquiry to review your credit file, which lenders cannot see and which leaves no mark. Your score is only affected once a lender lodges a formal application, and only with your consent.
Sometimes. A deposit or trade-in can improve your chances and reduce the amount borrowed, though it is not always required. Requirements vary by lender. Noddle explains what a given lender expects and arranges the option that fits your circumstances.
Often, yes. A lender pricing for higher risk usually charges a higher rate. Noddle compares options so you see the true cost, including interest and any brokerage fee, and can decide whether to proceed now or rebuild your file first.
About the author
Joshua Wessels is the founder of Noddle and leads its broking team. He has more than a decade in Australian consumer finance and holds a Diploma in Mortgage Broking. Noddle is a member of the Finance Brokers Association of Australia (FBAA member 362825) and the Australian Financial Complaints Authority (AFCA member 81857), and operates under Australian Credit Licence 526746.
Read more about the team on the Noddle team page.
Noddle Pty Ltd (ABN 63 643 806 759, ACN 643 806 759) operates under Australian Credit Licence 526746. Noddle is a credit assistance provider, not a credit provider. We arrange loans through a panel of lenders accessed via the Loan Market Group (LMG) aggregation platform. We are bound by the responsible lending obligations of the National Consumer Credit Protection Act 2009 and regulated by ASIC. Fees and any commissions are disclosed in our Credit Guide and your written quote before you commit. Any approval, rate and amount is determined by the lender, subject to their assessment.
See your car loan options in about five minutes.
- No impact on your credit score
- Apply now in as little as 5 mins
- We compare multiple lenders for you