If you want to learn how to get a car loan with bad credit, you’re in luck! There are options available that are easy, hassle-free, and fast. Trying to get financed with less-than-perfect credit can be a challenge if you don’t know where to start. Some lenders will not consider anyone with a blemished financial history. Zoom Car Loans specialises in providing service to those who need to borrow with bad credit.
3 Steps On How to Get A Car Loan With Bad Credit
Step 1: The Application Process
One of the most important things to emphasise when learning how to get a car loan with bad credit is honesty. This can be tough, but you need to provide all the relevant details accurately.
Zoom’s application is designed to ensure that all the important information is included, so there are no delays after you submit the form. Once we receive your application, we get right to work searching through available lenders to find the best option that meets your needs.
Step 2: Getting Approval for Your Loan
Most customers receive a response within 24 hours, which is important when trying to buy a car. Our expert staff works quickly to establish the loan. We help you get through the paperwork, so you never feel alone while going through the approval process.
Step 3: Quick Settlement to Buy Your Car
What’s the best part of learning how to get a car loan with bad credit? The settlement stage! This is the part where you complete the transaction and drive your new car home.
Am I Eligible for a Car Loan with Bad Credit?
Zoom Car Loans has an excellent track record, with 9 out of 10 clients getting approved in situations where regulatory conditions are met. There are some instances where the potential borrower cannot receive a loan. They include situations where:
- The borrower is bankrupt or under a Part 9 Agreement
- The borrower receives income totalling less than $400 per week
- The borrower receives sole Youth Allowance or Newstart payments
- The borrower is a non-resident on a student or holiday visa
- The borrower does not meet affordability checks, terms, or conditions
How Do I Begin Getting a Car Loan with Bad Credit?
If you’re ready to learn how to get a car loan with bad credit, now is the time to contact Zoom Car Loans. You can reach us at 1300 138 273 or visit our website to complete a free online assessment form.