FRESH START CAR LOAN

Think you're out of options due to bad credit? Our fresh start car loans can be shaped to your needs.

Shaping car finance to fit your needs

There are times in life when you hit a bump in the road. But we don’t think that should stop you moving forward with your car finance.

  • Borrow up to $400,000

  • Loan terms up to 7 years

  • Poor credit history considered

  • Discounts apply for electric vehicles

  • Rates from 12.45% p.a. (14.94% p.a. comparison rate)

Easy to understand features, variables and fees

Features

Maximum loan amount* $400,000.00

Minimum loan amount $20,000.00

Maximum loan term 7 years

Minimum loan term 2 years

Repayments weekly, fortnightly, monthly ✅

Discounts apply for electric vehicles ✅

Loan variables

Bad credit ✅

Variable income ✅

Low-doc ✅

New or used vehicles accepted ✅

Start-up business ✅

Fees

Application fee - Varies

Equalisation (risk) fee - Starting from 2%

Ongoing fee - $10 per month

Discharge fee - $125

Things you should know:

1* Comparison rates are based on a secured $30,000 car loan over a 7-year term, with no balloon payment for a new car. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable. The actual interest rate applicable will depend on our assessment criteria. Higher interest rates apply where the loan to value ratio is above 120% based on Glass’s retail value. Additional interest rate loadings also apply where used vehicles are provided as security for the loan.

2* Maximum loan amount for applicants under 23 years of age is $25,000.

3* The maximum vehicle age at the end of the loan term is 8 years for any loan with a balloon payment.

6* Interest rate loading apply to older vehicles, resulting in higher interest rates. Please email us at info@modelcapitalsolutions.com for details.

7* An interest rate discount of 0.25% p.a. applies for new and used plug-in electrical vehicles. Hybrids excluded.

^Other fees, charges and commissions may apply.

^^Early termination fees such as break costs may apply.

1A* Secured personal loan interest rates will range from 5.90% p.a. to 19.19% p.a. and will depend on our assessment criteria and the personal loan product you qualify for. Comparison rates range from 6.33% p.a. to 20.77% p.a. This comparison rate is based on a secured $30,000 loan over a 5-year term with no balloon for a new vehicle. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.

1B* Unsecured personal loan interest rates will range from 6.55% p.a. to 19.99% p.a. and will depend on our assessment criteria and the personal loan product you qualify for. Comparison rates range from 6.55% p.a. to 21.49% p.a. This comparison rate is based on an unsecured $30,000 loan over a 7-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.

Frequently asked questions

  • A car loan provides you with a lump sum of money for you to purchase a car (or caravan!). It’s then yours to drive, while also making monthly payments on the loan, which include interest at a fixed rate and on some loans, fees. If you’re in the market for a car, Please email us at info@modelcapitalsolutions.com today to find out more.

  • At Model Capital Solutions, we take a practical approach to your car loan application. In most cases, we will request documents such as bank statements and proof of income. Where a customer has unique circumstances, we will take a free-thinking approach and assess the situation on an individual basis. Whether you're self-employed, have a low credit score or a low deposit and you're in the market for a car, contact us at info@modelcapitalsolutions.com today to see how you can qualify for a car loan.

  • At Model Capital Solutions, we don’t get hung up on the past. We’re interested in your present financial circumstances, and we’ll work with you to get the green light on car finance. With car loans for prime borrowers and those with bad credit history, Model Capital Solutions works with each customer to find a loan product that fits their circumstances. If you're in the market for a car, contact us at info@modelcapitalsolutions.com today to see how you can qualify for a car loan.

  • Model Capital SolutionsLiberty offers a range of car loan options to suit your circumstances, with some products offering the flexibility of weekly, fortnightly or monthly repayments. We work with each customer to find a loan product that fits their circumstances. To get an idea of loan repayments structure for our different product options, contact us at info@modelcapitalsolutions.com today for more details.

  • A target market determination describes who a product may be suitable for, based on likely needs, objectives, and financial situation. It also outlines who can distribute our products, how they can do this, and examples of situations when we may need to review our products and the target market. To help you understand the target market determination for the different product options, please email us at info@modelcapitalsolutions.com for more details.

Ready to get moving?

Wherever you are in your journey, help is here however you need it.