A car loan is a loan taken out with the purpose of buying a motor vehicle such as a car, Ute, 4WD, motorbike, or other road vehicle. A car loan can also be called a vehicle loan. Generally the vehicle you purchase becomes the security for the loan.
These type of loans are especially useful if you don’t have enough savings to afford to buy a car but can afford to repay the monthly installments. If this is the case you might want to consider using a car loan to finance your new vehicle.
Not everyone is in the financial position to buy a vehicle outright. Say yes to the car of your dreams with better finance options for your car loan.
A lot of people buy a car and take out finance directly from the supplier to help them pay for the cost. While this option suits some people, it is always in your best interest (no pun intended) to assess all the other options first. This means identifying the amount of interest, measuring your eligibility and calculating your repayments in the long run. It can really cost you to be impulsive – so avoiding paying the price and get informed.
We offer car loans with transparent finance options, meaning there’s no sudden or shocking realisations in the long run. Ask us about the repayment options to you and trust in the experience and professionalism of our team. We will help you figure out what repayment costs you are comfortable with repaying in your instalments, so you won’t feel pressured or overwhelmed come the time.
To learn more about how we can help you secure your next vehicle, get in touch with our team today.