Auto finance for those on a pension or other government benefit.
While you can still get a car loan using Centrelink income, not all categories of Government benefits are the same. When you submit your inquiry our team of brokers will assess your income type and match you with a lender that can accommodate your circumstances.
Even if you are on the Pension, or receiving a single mother payment, you may still be eligible for a car loan with affordable repayments.
However, it is important to note that every lender will consider each category differently. Some categories such as Jobseeker and youth allowance are not suitable for obtaining car finance at all, but these are usually limited to those that are intended to be short-term benefits.
So get in touch with our experts today to discuss your options. You may be surprised how soon you could be in your next car!
Every lender has their own policies for how they will treat Centrelink income when assessing you for a car loan. And the rules are changing all the time! But our team of brokers will be up to speed with the latest – they live and breath auto financing!!
As a general guide, the following list will help you know where you stand:
Note that this is not a comprehensive list and if you are unsure to give us a call
If you have had bad credit in the past there may still be options available to you. There are lenders who will consider your more recent financial history and not assess you entirely on past mistakes.
As time passes, and you demonstrate improved financial habits you may be eligible for a loan now even if a default is still recorded on your credit file.
There is no need to wait if you are receiving Centrelink, and are looking for some new wheels! Get in touch with Gusto Finance today and we can walk you through the process to secure the car of your dreams today!
An inquiry will not effect your credit score and we can walk you through your options.
How are we different?
Fast finance for the everyday Australian.
How does it work?
Fast finance for the everyday Australian.
Speak to our brokers today about the best vehicle finance solutions for your circumstances.
Centrelink Car Finance 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!
