A default, missed payment or rocky patch in your credit history can feel like a permanent roadblock, but it does not have to be. Some lenders specialise in helping businesses with impaired credit get back on the road. Overdrive compares the panel to find options that consider your full picture.
Is credit the only factor for approval?
While your credit history matters, many lenders also weigh your ABN age, business income, the vehicle and whether you can offer a deposit or security. A blemish on your file does not automatically mean a no, subject to lender criteria.
How to improve bad-credit car finance chances?
Offering a deposit, choosing a reasonably priced vehicle and being upfront about your history can all help. Explaining the circumstances behind a past issue gives lenders context, and comparing multiple lenders increases the odds of a suitable match.
Can a car loan rebuild your credit?
Meeting repayments on a new loan can support your credit position over time. Everyone's situation is different, and for advice on managing debts or tax matters, speak with your accountant or registered tax adviser.
Do not assume you will be knocked back. Simon can review your circumstances and approach lenders who may say yes, with an obligation-free quote that is a soft check and won't affect your credit score. Contact Overdrive to find out where you stand.
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Free quote in minutes, decisions in 24–48 hours. No credit-score impact to enquire.