Can you get a rent-to-own car on Centrelink?

If you are searching for rent-to-own cars and want to know whether you could be approved on Centrelink, the short answer is yes, it can be possible. It depends on your overall affordability: your total income, your expenses and your credit history, all weighed against a provider’s eligibility criteria.

Australians on a pension or benefit, including Parenting Payment, Carer Payment, JobSeeker or Family Tax Benefit, often struggle with banks, because traditional finance usually wants employed income, a clean file and a large deposit. Carzie arranges consumer leases with fixed weekly payments and considers people on Centrelink too.

The basic idea is simple: pay a small deposit, make fixed regular payments over several years, then pay a final amount to own the vehicle outright at the end of the term. Some providers bundle registration, insurance and servicing into the weekly or fortnightly fee.

It is worth knowing that the money paid during a rent-to-own contract typically does not count towards the purchase price until every payment is made, and Centrelink income is treated differently by each provider.