What are your options?
A key difference between car loans and home loans is that you don’t need a deposit for the car loan. You are able to finance the whole amount. It is important to consider all your options as some lenders may let you include the cost of insurances and warranty into the loan amount and some lenders may charge you a hefty fee for paying off your loan too early. You need to make sure that you understand the fees and charges in the terms and conditions.
You are also able to look for pre-approval for a car loan if you know your budget and some details about the type of car you would like to purchase. You may be able to use the equity in your current assets to take out the loan at a more competitive rate too!
We have helped many people find competitive car loans for their personal or business needs. We recently organised a:
- Chattel mortgage for the purchase of a new $275,000 freightliner truck
- $64,000 refinance of a balloon payment for a Mercedes car
We will make sure that we structure your finance so that you can reduce your taxation payments and minimise your costs. It may also be in your best interests to consider whether a finance lease or operating lease is right for you.