Australia's Money Matchmaker™

Car loans rates for discharged bankrupts from 11 lenders in 60 seconds

  • Comparison rates from 3.83% - 47.66% p.a*
  • 100% free to use with no phone calls
  • No hidden fees or broker fees
Australia's Money Matchmaker matching you with your best loans across multiple lenders
My matching process let's you check multiple lender rates in one place, making it super fast to shop around

Why Money Matchmaker™

  • Receive real rate offers from 11 lenders
  • No paid promotions
  • No credit score impact
  • Your personal data is never sold

“Super quick, I got lots of offers. All I had to do was choose which one! I went with Wisr because they were the cheapest. Thanks” - Angela

Car Loans for discharged bankrupts

Written by

Shaun McGowan

Trying to get a car loan once you’ve been bankrupt can feel like a daunting task.

Even if you’ve made amends and recovered financially, trying to prove this to a lender can make a car loan application feel more like an interrogation.

Thankfully, you’re not alone. Around 10,000 Aussies declare bankruptcy every year and, if you’re one of them, getting a car loan isn’t as hard as you might think.

Here’s how you can do it.

How to get a car loan if you’ve been bankrupt

If you’re still going through bankruptcy and haven’t yet been discharged, it will be very difficult to get a car loan. There may be very rare instances where it’s possible, but this is almost never a good idea.

Wait until you’ve been discharged, and you’ll find your options increase greatly.

Once you’ve been discharged, you’ll be able to start repairing your credit score and looking for lenders that you can qualify with.

The most important aspect to remember when it comes to qualifying is in convincing the lender that the issues that brought on your bankruptcy are in the past, and that you can be trusted to repay the money.

It’s really that simple; once you’ve been bankrupt, lenders think it’s really risky to lend you money. Your one job here is to convince them that you’re not as risky as they think.

Ready to see if you qualify? Use the Money Matchmaker™ now to see if you can qualify for a car loan - no obligation and no impact on your credit score. We’ll compare the best loans we can find from our available pool of lenders, personalised entirely based on a few simple questions, and you can see exactly how much you’ll pay with each lender.

Choosing a car loan when you’ve been bankrupt

Once you’re ready to start comparing car loans, you’ll need to be aware that (even if you’ve completely moved on from bankruptcy) your credit score will still be in the lower digits.

The lower your credits score, the tougher it will be to find a great deal. This isn’t because they aren’t out there, but because you’ll need to pay closer attention to things like:

  • The amount you borrow. The lower the amount you request from a lender, the more likely it is you’ll get approved, and the better chance you have of comfortably repaying the loan.
  • The interest rates. Like the amount you borrow, interest rates fluctuate depending on how risky you appear to the lender. The shorter the term, and the lower the amount, the better your interest rates will be.
  • The fees. Interest rates aren’t everything though, and you’ll need to pay very close attention to any fees that might be included in your loan. Where possible, try and negotiate these down or remove them entirely - you don’t want to increase your debt if you can avoid it!

Ready to find your car loan?

The easiest way to find a competitive car loan from lenders if you’ve previously been bankrupt is to simply use our Money Matchmaker™ engine.

We’ll show you the best deals we can find, with no obligation or impact on your credit score. If you’re ready to compare lenders for ex-bankrupt car loans, get started today.

Comparing the best ways to get a car loan

Money Matchmaker™Direct with LenderBroker
Fees$0$0up to $990
Impact Credit ScoreNoYesNo
Multiple LendersYesNoYes
Number of QuotesUp to 1111-3
Time to Quote60 seconds1-5 minutes1-2 days
Phone call follow upsNoYesYes
Cost to applyNoYes Yes

Meet Money Matchmaker™

"Hey I’m Money Matchmaker™, I have a team of wizards making me super smart. I’ve been loaded up with all the information that lenders use, and when you take my quiz, I use your answers to check against all our lenders at once. I’m harmless, I don’t impact your credit score and I’ll show you the best loan matches I can with no brokers fees or annoying ads"

Money Matchmaker

Meet your Potential Car Loan matches

Meet Plenti
  • No Early Repayment Fees
  • No Monthly Fees
  • Get Funds 24 Hours From Approval
Meet Wisr
  • Same day decisioning
  • No admin, early repayment or "risk" fees
  • Support from real people
Meet Society One
  • No ongoing fees
  • No monthly fees
  • No Deposit Required
Meet Fair Go
  • Build your credit score by making timely repayments
  • Once approved, loans are funded in minutes
  • Flexible repayments; weekly, fortnightly, monthly options
Meet Finance 1
  • Pay your loan out early with no fees
  • Change payment dates and frequency at any time
  • Make extra repayments at any time
Meet Greenlight
  • No risk fees
  • Flexible Weekly, Fortnightly & Monthly payment frequency,
  • Make extra repayments at any time
Meet Jacaranda
  • Apply in under 8 minutes
  • Once approved, cash transferred in 60 seconds
  • No early termination fees
  • Approval in 24 hours
  • Balloon options to reduce repayments
  • No ongoing or discharge fees
Meet Money3
  • Pay your loan out early with no fees
  • Increase regular payments to suit your situation
  • Make extra repayments at any time
Meet Now Finance
  • Get a guaranteed, personalised rate in 2 minutes
  • Apply online in under 10 minutes
  • Weekly and fortnightly repayments
Meet Alex
  • $0 establishment fee: offer expires 8 DEC 2021
  • $0 ongoing fees, early repayment fees, exit fees
  • Multi Award winning and 100% digital

The right car loan can save you $1,000s


About the Author

Shaun McGowan from



Shaun McGowan

Shaun is the founder of and is determined to help people pay as little as possible for financial products. Through education and building world class technology. Previously Shaun co-founded and Lend.

*Information about comparison rates Comparison rates are designed to allow borrowers to understand the true cost of a loan by taking into account fees and charges, the loan amount and the term of the loan. The comparison rate is based on an unsecured fixed rate personal loan of $30,000 over 5 years. WARNING: Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.


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Money Pty Ltd (trading as provides information about credit products and is authorised to do so as the holder of Australian Credit Licence 528698. does not compare every Lender in Australia. We are not a broker or credit provider and when we provide information via this website, we are not providing you with a recommendation or suggestion about a particular credit product. When you apply for a credit product via the website, you are not applying with us, you are applying directly with a Lender Partner. Before entering into any credit product from one of our Lender Partners, you should confirm the rates and product information with the Lender. All information on this website is general advice only and does not take into account your objectives, financial situation or needs. You should consider whether this advice is right for you and we encourage you to seek independent financial advice.