Your address will show here +12 34 56 78

Car loans for bad credit

What is “bad credit” and why does it matter?

Having a car can make a huge difference in a person’s life – having transport to work, for social events and to run errands can be essential. So at Zoom, we have car loans for bad credit for purchasing.

But, as we know, even cheap cars are expensive purchases and buying a car with cash is out of reach for many people.  So, enter the car loan – making purchasing a car easier.


But maybe you have applied for a car loan and been rejected – the phrase “bad credit” may have come up.  What now?

All is not lost – car loans for bad credit do exist, but first let’s have a look at what the term “bad credit” refers to.


What is a credit score?

When we talk about bad credit, it’s usually referring to a bad credit score.


A credit score is a number between zero and either 1000 or 1200.  It is calculated by looking at how much money you’ve borrowed, how many times you’ve applied for a loan or line of credit and whether you make your repayments on time.


You are given a number between 0 and either 1000 or 1200 – the higher the number, the better your credit score and the more attractive you become to potential lenders.


When you apply for car loans for bad credit, the lender will look at your credit score, among other things, to decide how risky it would be to lend you money.  A higher score means it is safer to give you further credit, as it suggests that your finances are stable and you’re likely to pay back your loan.


You can request a credit report online – this includes your credit score, plus information on current and past credit and your repayment history.  It can be a good idea to have a look at least once a year to see how things are tracking.




What do car loans for bad credit mean?

Having bad credit means having a low credit score – 550 is the average, so anything below this is considered “below average” and may impact on your ability to get car loans approved.  This is because lenders consider it more risky to lend to you, as your bad credit situation may prevent you from being able to meet your repayments.


As a result, you might have to pay a higher interest rate for car loans because of bad credit, or your application may be completely rejected.


Our testimonials



Happy with the service and ability to provide what was necessary for us to obtain a car loan!
Hope N


I give Zoom Car Loans 5 stars. My consultant Joshua was really polite and friendly. Joshua helped me get a Kia Carnival for a great price. My 4 children, my partner & myself are ever so grateful.☺️👍🏾
Paul N.


I was sceptical to say the least! I found the link on Facebook and thought it would be a scam. I decided to try anyway as I was in desperate need of a car as my car died 2 weeks before Christmas and was going to cost almost as much to repair as it would cost for a new car. The document upload had me a little worried as I wasn’t sure how secure it was going to be but I have had no issues. Joshua was very polite, professional and extremely helpful, answering stupid questions countless emails and phone calls, he was very patient and the process for the most part was quick and easy. I was surprised at the amount I was able to borrow considering I had been knocked back by my bank. I am a single mum on a casual income, and I get a Centrelink benefit and I was approved for a car loan. I honestly didn’t think it was possible. Thank you so very much to Joshua and the team at zoom loans!

Kylie S.


Read more testimonials here

9 out of 10 approved

We are experts in the field of bad credit car finance. 9 out of 10 applicants with a bad credit history are approved, when regulatory terms & conditions are met.

Obligation free

All applications are completely obligation free. We compare the options available to you and then it’s your choice.

Choose your car

We give you the freedom to choose a new or used car, from a dealership or private seller. We can also help you source a car.

Flexible repayments

Our bad credit car finance solutions are tailored to your unique preferences. You select the repayment terms for loans from $5,000.

Get the best deal

We have access to interest rates not available directly to the public and negotiate on your behalf with other 30 lenders Australia wide.

Why does Zoom offer car loans for bad credit?

Sometimes credit scores can be helpful – but we don’t believe they show the full picture.  Poor credit can reflect issues that happened years ago, not necessarily the current situation.  We don’t want to punish people for things that happened in the past and a car is often an essential component of moving forward (pun intended).


Life doesn’t always go to plan.


For many people, having a car is essential.  It makes it possible to get to work or school, safer when traveling late at night – particularly for people who can’t access public transport. We aim to support people to get to work and school and the supermarket – because these things matter and we don’t think you should miss out just because your credit could be better.


If you’re looking for car loans for bad credit, Zoom can help.  Contact us today to see how you can get into the driver’s seat of your new car.