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Car Finance

 

Looking to hit the road and need a car loan to help finance your next ride? 

Five things to think about when looking for vehicle finance:

  •        Your budget: Affordability is the number-one factor to consider. So keep your existing funds top-of-mind, and make sure your next car fits comfortably within your budget.

  •        Car running costs: To get an accurate picture of how much you can afford to borrow, first explore your running costs. Do a little desktop research to get estimates for maintenance and fuel costs. And don’t forget to factor in the cost of Insurance.

  •        Loan term: While it’s tempting to extend the duration of your car loan and perhaps buy a more expensive vehicle, keep in mind that there would be higher interest costs. If you like to minimise the cost of borrowing and offset your car’s depreciation, paying off a loan faster is always the way to go.

  •        Interest rates: A good credit history can help you get better rates. Talk to our team at Motor Vehicle Finance to learn more about your options.

  •        Fees and charges: Before signing on the dotted line, it’s always important to check whether or not there are hidden fees or charged involved in the contract – including break fees and loan establishment fees. Once again, we are here to help you understand the ins and outs of your car loans.

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