Buying a car will often be a necessity for you at some time or other in your life. However if you have a bad credit rating due to a past indiscretion, trying to borrow money, even through a novated lease, could be a challenge. Platinum Car Loans believes in giving people second chances and does give out bad credit car loans – ie: loans to people who have bad credit.

You have bad or poor credit if your borrowing record includes certain annotations such as a complaint from your phone company that you missed a phone payment, credit defaults or even bankruptcy. However, if you have changed your ways, we at Platinum Car Loans don’t believe you should constantly pay for your past mistakes.

It is true that bad credit car loans are charged at a slightly higher interest rate than normal rates because people who have bad credit are known to default on their loans more frequently than people with good credit. However, this at least allows you to get your new car without being left catching the bus because you have no other options.