Go Back To Search Results Question Interest rates on Car loans with bad credit in Australia? Hi there, I defaulted on my car loan 6 years ago, I paid off the debt 2 months after I defaulted. I do not have any other debts as I was a bit scarred after the experience. I now desparately need a new car as my present one is almost dead. Does anybody know whether it is at all possible for me to get a car loan with a default? If so what type of interest rates am I looking at?? Your help is greatly appreciated. By crzecucmber Posted on 08/17/09 Total Answers 2 Answers- Compare your car loans interest rates with our our competitive low interest rates finance. Our dedicated lending team ensure you get the best car loan rates available... Take advantage of the current low car loan rates and look at saving on your current loan and look at refinance used car options. You could save thousands on you current finance package... Approval on car finance throughout Australia. We can assist with any type of auto finance or leasing arrangements. We deal with most banks and finance companies. We understand which banks will deliver a better car finance loan for you... Answer by : Raguraman On Date 2009-08-17 05:57:45 Car finance rates are normally higher than a personal loan from a bank. Enquiries by a lender will check your credit history. Your credit history should only go back 5 years. Maybe you had some problems several years ago but have since cleared up all debts – only the pervious five years should be listed on your report. Judgment debts and Bankruptcy are usually listed for 7 years or more. So I would suggest that you talk to your local bank branch and discuss a personal loan to help buy a new car. St George Bank, I have found, are really good. They have a secured personal loan, using the car as security, which lowers the interest rate. Answer by : lee On Date 2009-08-20 03:42:37   Go Back To Search Results