fbpx

Discharged bankrupt car loans

Savvy has many car loan approval options for clients that have discharged from bankruptcy
Start your quote

100% free. No impact on your credit score

Female worker assisting her male coworker in a cafe with his finances

Discharged bankrupt car loans

Savvy has many car loan approval options for clients that have discharged from bankruptcy
Start your quote

100% free. No impact on your credit score

  Written by 
Thomas Perrotta
Thomas Perrotta is the managing editor of Savvy. Throughout his time at the company, Thomas has specialised in personal finance, namely car, personal and small loans, although he has also written on topics ranging from mortgages to business loans to banking and more. Thomas graduated from the University of Adelaide with a Bachelor of Media, majoring in journalism, and has previously had his work published in The Advertiser.
Our authors

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.
Last updated
March 25th, 2025


Understanding what it means to be discharged from bankruptcy will smoothen your car loan application process. This basically means you have been released from all responsibility from existing debts for a period of 12 months or more. This will allow you to apply for a discharged bankrupt car loan, or a bad credit loan even if the bad mark on your credit file has not been erased.

Being discharged from a bankruptcy means a second chance to start afresh with your finances. However, to get things right the second time around means seeking professional advice to avoid making the same mistakes. You can speak to a financial advisor or a broker when it comes to knowing what options are available for you and what you can comfortably afford without straining your finances. Seeking professional advice can help you find an option that can boost your credit score in the long run.

What to watch out for as a discharged bankrupt

Although you may have access to purchasing an important asset such as a car, there are certain traps to avoid to avoid accumulating more debt that could push you back to square one. Applying for a range of small loans can seem like a safe thing to do when you have just recently been discharged from a bankruptcy, but this could be a costly mistake that can affect your application and credit file. It could also make you come across as an irresponsible borrower who needs small loans to stay afloat.

How to improve your chance of approval

There are a wide range of things on how to improve your loan application. This is where thinking like a lender helps. You're going to need proof of a steady income, no arrears that still need to be paid or overdue bills and avoiding applying for credit too many times in a short period. It's possible to call in and ask a broker or lender what their requirements and how you can improve your chances.

Why bad credit customers trust savvy

10+ years in the industry

We’ve helped thousands of Australians with their finance needs since 2010, so we know what it takes to find the right loan.

Obligation-free quotes

All our car loan quotes are obligation-free, so you don't have to worry if you aren't ready to sign on the dotted line yet.

Bad credit specialists

We're partnered and accredited with a wide variety of lenders across the country, including bad credit specialists.

WHAT OUR CUSTOMERS SAY ABOUT THEIR FINANCE EXPERIENCE

WHAT OUR CUSTOMERS SAY ABOUT THEIR FINANCE EXPERIENCE

Commonly asked questions about discharged bankruptcy loans

I am still waiting to get discharged from my bankruptcy, can I still apply?

No. Lenders will only approve a loan if you have been discharged for a minimum of 12 months.

Can I apply if I am self-employed?

Yes, we offer finance for people who are self-employed. You will need to prove that you have a stable employment. can speak to one of our consultants to find out what options you have.

Can I ask for advice or ask a question with no obligation to apply?

Yes, our team of brokers is ready to assist you on any queries that you may have with no obligation to apply.

Brands We Compare

finance one logo
logo money3
firstmac logo
Now Finance Logo
liberty logo
Dynamoney
Westpac car insurance
Capital finance logo
Moula logo
prospa logo
Angle Finance Logo

Get your car loan quote now

Explore a range of car finance options with Savvy. Get started with a free, no-obligation quote today!

We'd love to chat, how can we help?
By clicking "Submit", you agree to be contacted by a Savvy Agency Owner and to receive communications from Savvy which you can unsubscribe from at any time. Read our Privacy Policy.