Second chance car finance. Because your past shouldn’t dictate your future.
Contact our team of expert car loan brokers today!
Traditional banks focus heavily on your credit score. We work with specialised second-chance lenders who assess your current income, your household budget, and your recent banking habits. If you can afford the loan today, we can often find a path forward.
Every time a lender declines you, it leaves a “hard inquiry” on your credit file, dropping your score further. We conduct a “soft check” upfront that does not impact your credit score, allowing us to find the right lender before formally applying.
Bad credit applications require skill to get approved. We know exactly which lenders are forgiving of paid defaults, which will accept utility defaults, and which lenders will work with discharged bankrupts.
We understand that talking about financial struggles is stressful. Our team provides a confidential, zero-judgement environment to help you get the keys to your next car.
A better deal on your commercial finance!
How we get you approved when others say no.
How does it work?
At Gusto Finance, we believe in second chances. We specialise in bad credit car loans, matching you with understanding lenders who look at your current financial situation and your ability to repay a loan today, not just mistakes made in the past.
We have a quick, confidential chat about your situation and review your bank statements and payslips to see what you can comfortably afford.
Instead of applying blindly, we match your unique profile to the specific lender most likely to approve your loan based on their bad credit criteria.
We handle the paperwork and advocate on your behalf to the lender. We push for same-day approvals wherever possible.
Once approved, we coordinate with the dealership or private seller, manage the settlement, and get you behind the wheel.
Speak to our brokers today about the best vehicle finance solutions for your circumstances.
Bad Credit Auto Loans FAQs
Here’s a little more about how we operate. Got a more specific question? Feel free to get in touch.
You can start by completing our inquiry form here. You will also need to supply the following documentation:
Once you have provided all of the required information we will process and submit your application within hours! We aim for same-day approvals and a speedy settlement.
Loan approval timeframes are dependent on your circumstances and cannot be guaranteed but we will always be following up with GUSTO!
Yes, bad credit car loans are our specialty! We have a number of lenders on our panel who will lend based on current behaviours rather than focusing only on past mistakes.
If you are not yet ready then we can help wth some general guidance for how to improve your credit.
The short answer is yes, but it will depend on the number, size, and type of defaults. Our expert brokers can provide you with a consultation to find what options are available to you.
Book your obligation free consultation here.
As part of your initial consultation we will do a “soft credit check”. This does not affect your credit score and will not show as an inquiry on your credit file.
Once we submit your application to a lender they will always complete a full credit check as part of your loan assessment. This will show up as an inquiry.
Yes! Several of our lenders accept specific Centrelink payments (such as Family Tax Benefit A & B, Carer’s Pension, and Disability Support Pension) as a valid form of income. We can assess your exact income mix to see what you qualify for.
While 100% finance (no deposit) is available for some bad credit applicants, having a deposit (even $500 or $1,000) significantly strengthens your application. It shows the lender you can save money and reduces the overall risk of the loan.
You may be able to drive away in as little as 48 hours if your application is transparent and complete.
We always pursue a speedy outcome with GUSTO!
Our brokers will provide expert guidance to find the most suitable car loan for your circumstances.
A credit guide and consent form will be provided to you prior to any loan application submission on your behalf. We will then fight with GUSTO to find a great deal!
Interest rates on bad credit loans are higher than standard loans because the lender is taking on more risk. However, because we have a large panel of bad credit lenders, we make them compete for your business, ensuring you get the lowest possible rate for your specific credit tier.
If you are a discharged bankrupt, you can apply immediately! If you are currently in a Part IX Debt Agreement, you will usually need permission from your trustee, but we have lenders who specialize in exactly this situation.
