Trying to get a car loan with dodgy credit? Welcome to the club no one wants to join. Lenders will usually slap you with higher interest rates—expect anything from 10% to a stomach-churning 20% APR or more. New cars can set you back anywhere between $20,000 to $50,000 AUD, and used ones vary wildly, but be prepared to pay a premium on financing. Options include specialist bad credit lenders, or using a guarantor, but watch out for hidden fees and predatory terms. Always check your credit report first, and consider repairing your credit before throwing cash at a loan. For deals and listings, you could eyeball Tradingpost or CarShowroom.
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