Top FAQs

It couldn't be any easier to get started with us and hop into your new set of wheels in no time. Just simply fill in and submit our application form in less than 10 minutes. Our application is 100% online and will only ask a few questions and request some documents from you.

Our team will then assess your borrowing power and provide you with a pre-approval to help kickstart your search. If you apply during business hours, we will respond within 60-minutes.

Once you've found your car, we will handle the rest, leaving you to drive away with peace of mind.

We're all about making the process of buying a car easier. That's why we've made our application form as hassle-free as possible. So, there's no need for mountains of paperwork to apply with us. There's just a few things we'll need from you, including:
 
  • Personal info (i.e. name, address, D.O.B)
  • Contact details (i.e. phone number and email address)
  • 100 points of ID (e.g. driver's licence)
  • Minimum 90-days of bank statements showing regular income or benefits

To be eligible to apply for a loan with C1 Car Loans, there are just a few things that need to be ticked off:
 
  • Be 18 years of age or older
  • An Australian citizen or permanent resident
  • Receiving a regular income
  • Have Internet banking set up
Please note, other residency statuses are case-by-case and require an Australian licence.

Yes, you can! In fact, we happen to specialise in lending to clients with bad credit. This means we don't look at your credit score number as the be-all, end-all. Instead, we prefer to get a better picture of your finances by looking at other factors. As long as you have no finance defaults in the last 6 months or are currently bankrupt, we'll give you a fair go and take a look at your application.

We do not provide business loans, commercial loans, or loans to self-employed clients. We can assess sub-contractors on a case-by-case basis, but we will need at least 2 years of financials and your tax obligation to be up-to-date for the previous financial year.

If you are a discharged bankrupt, you only have to wait one day after being discharged before you can apply with us. However, please note that the maximum amount we can lend to you is $20,000.
If you are a double bankrupt, unfortunately we are unable to help you

We can accept clients that are currently in Part IX debt agreements, however, keep in mind that you must have 6 months of demonstrable history in the agreement. We do not accept terminated Part IX applicants.

Unfortunately, we do not accept applicants with a Centrelink-only income.

Yes, we are able to process applications for those who are receiving DVA income.

If you have a learner's licence, you need to be due to transfer to your provisional licence prior to settlement or have a joint applicant who has an open licence.

We can accept applicants from boarders but we will need to speak to your landlord to verify the residential information you have provided us.

Australia is a BIG place. While you might be living outside our ‘normal' lending boundaries, this doesn't automatically exclude you from obtaining a loan with us. However, there might be some restrictions. Before submitting an application, we recommend giving our friendly and helpful staff a call to check.

We can assess you for a loan, but there may be additional conditions we need to consider. For example, this might include questions about your length of stay and we may need to request NZ bank statements and a credit file.

Unfortunately, we are unable to offer you a loan if you aren't currently living in a fixed location, such as a caravan park.

If we find that you are experiencing signs of financial hardship during the course of our assessment process, we will not be able to lend to you. This includes any effect that the COVID-19 pandemic may have had. If you are currently experiencing financial hardship, there are free resources available to help you, including the National Debt Helpline on 1800 007 007.

Here at C1, we offer quick and easy car loans from $10,000 to $35,000 with loan terms up to 5 years. After you submit an application with us, our team will do an assessment to ensure the loan amount is right for your financial situation.

We use smart technology that allows us to give you a free quote in just under 24 hours. If you are approved and accept your loan with us, we can provide a fast turnaround and offer same day settlements once the vehicle has been found.

Yes, but we will usually check with you before doing so. C1 Car Loans understands that most of its clients are trying to rebuild their credit rating and this is why we won't do a credit check until we are confident we can lend to you.

A bad credit car loan is designed for people who have a poor or bad credit history and need financing to buy a car. Typically, borrowers with bad credit can find it difficult to be approved for a car loan from traditional lenders, such as banks or credit unions.

Whether you've been rejected by other lenders or you're not sure what your credit score is looking like, it can be handy to check your credit report. You can request a free copy (once a year) from one of three credit bureaus in Australia:
 

Absolutely! We can provide you with a free quote in just under 24 hours so you can understand your borrowing power and help take the stress out of buying your new car.

We don't require you to put down a deposit if you're approved for a bad credit car loan. However, if you want to offer a deposit, this might allow you to buy a car with a higher amount.

Congrats! Once you've been approved, we'll send through a loan contract for you to read and if happy with the terms and conditions, sign it and send it back to us. After this, the funds will be transferred to your account as soon as possible, and you can go pick up the car keys.
The first repayment will come out from your next pay day after your loan is approved. You can then access and manage your active loan through our Client Portal.

During the term of your loan, we will take security over your car. As soon as you have paid your loan out in full, the car is officially yours.

C1 Car Loans provides secured asset loans mostly to purchase a vehicle. However, we can look at other assets (such as motorcycles, caravans, and boats) but keep in mind that these must have another asset to secure the loan against.

We can still process your application, regardless of whether it's a brand-new set of wheels or a pre-loved car that you're after.

The fees and charges applicable to your loan will depend on a bunch of factors. Here at C1 Car Loans, we believe in transparency. We promise to always be open and transparent - what you see is what you get. No hidden fees, fine print, or agendas. It's completely free to apply with us and get us to help you find a great deal. If you do decide to go ahead with us, we will provide you with a credit guide that outlines all your fees and charges applicable to your loan.

We might be able to pay out some of your smaller debts with auto finance, but we typically do not consolidate large loans or credit cards.

We can facilitate a joint loan but we don't do guarantor loans. For a joint loan, each applicant will be assessed and, if approved, both are liable for the repayments and outstanding debt.

Yes, we can help you with refinancing balloon payments for your current car loan/s.

We sure can! C1 Car Loans can assist with novated leases and taking ownership of your vehicle.

To access and manage your existing loan with C1 Car Loans, all you need to do is head over to our Client Portal on our website and enter your login details.

It couldn't be easier to pay off your loan with us. We set up a direct debit for when your repayments are due so that you don't have to worry about setting reminders. Typically, we'll set up your direct debit on the day of your payday - whether that's weekly, fortnightly, or monthly.

Absolutely. We only charge an early termination fee if you pay out your loan within six months of accepting your contract. After six months, there are no penalties for paying out your loan early.

If you think you will have trouble making your repayments, please get in touch with our team as soon as possible. After all, we're here to help. Just call us on 1300 732 520 and we'll work with you to come up with a solution.