Finance

Car Loans for FIFO Workers: Why Lenders Look at You Differently

  •  
5min
10/7/2025
Nathan Hanna
Director

Working FIFO in Western Australia means long stints away, high-paying roles, and a unique lifestyle. But when it comes to applying for a car loan, FIFO workers are often surprised to learn that their application is treated differently, not because it’s weaker, but because lenders need to understand the full picture behind the numbers.

The Lender’s Perspective: Stability vs. Income

It’s not uncommon for FIFO workers to earn well above the national average, but lenders care just as much about how you earn as they do how much you earn. FIFO applicants often raise questions like:

  • Will this income continue long-term?
  • How secure is your contract?
  • What expenses are involved in this lifestyle?

From a lender’s perspective, this means extra checks, even if you’re earning six figures.

What Makes a FIFO Car Loan Application Unique?

Unlike standard 9-to-5 applicants, FIFO workers often deal with:

  • Shift-Based Rosters: This creates irregular pay patterns that automated lending systems may misread.
  • High Overtime Earnings: Not all lenders count overtime or allowances the same way, some may discount them entirely.
  • Temporary Employment Labels: Even long-term FIFO workers can be listed as casuals, which may flag additional risk to traditional banks.

The Advantage You Might Not Realise You Have

What many FIFO workers overlook is that your income potential often puts you in a stronger position than you think. With smart structuring and the right lender, you can:

  • Access higher borrowing power
  • Negotiate better interest rates
  • Repay faster due to lump sum income potential

The key is presentation, not just your payslips, but your overall financial story.

How to Set Your Application Apart

To position your FIFO car loan application for success, consider:

  • Pre-approval with a broker who understands FIFO employment types
  • Packaging your income: Include base pay, allowances, and consistent bonuses with proper documentation
  • Showing asset growth or savings: Many FIFO workers build savings rapidly, use this as a strength
  • Avoiding large debt loads: Lenders weigh existing commitments heavily

Perth’s FIFO Workforce Needs Local Expertise

At Hanna Lending, we specialise in understanding the structure of mining, construction, and FIFO roles in WA. We speak directly with lenders that are FIFO-friendly, so your income and employment don’t become red flags, they become selling points.

Final Word

Car finance as a FIFO worker isn’t harder, it just requires a tailored approach. With the right team behind you, your high-income role can fast-track your next car purchase without delays or complications.

Want a FIFO-savvy finance partner in Perth? Chat with Hanna Lending and let’s get your application on the road.

Subscribe to Optic Insights

Get industry insights that you won't delete, straight in your inbox.
We use contact information you provide to us to contact you about our relevant content, products, and services. You may unsubscribe from these communications at any time. For information, check out our Privacy Policy.
Nathan Hanna
Director
Nathan has 10 years experience as a finance broker, helping Australians find the right loan. Nathan will work with you to get your next asset or personal finance.

More insights

Finance

Real Stories: How We Helped Perth Locals Get the Cars They Wanted, Fast

When it comes to buying a car, speed matters. Nobody wants to waste weeks waiting for finance to come through or face unnecessary roadblocks.

Read Article
Finance

Pre-Approval for Car Loans: What It Is and Why It Helps You Negotiate

If you’re shopping for a new car, one of the smartest moves you can make is getting pre-approval for your car loan.

Read Article
Finance

What Affects Your Car Loan Interest Rate in Australia?

If you’re planning to buy a car, one of the first things you’ll want to know is: what interest rate will I get on my car loan?

Read Article