What Type of Car Finance is For You

Text-only Preview

What Type of Car Finance is For You
Are you fed up of going to and from places via public transportation? Do you want to
replace your old car? Do you want to buy a pre-owned vehicle?
The only solution to al these is to get a car loan - that is if you do not have enough funds
to buy a brand new car. You can obtain a car loan. Lenders offer different types of car
finance for new and old cars.
Buying a car is not really a very simple decision to make. Of course, it is because a huge
sum of money is involved. In fact, this is considered one of the most expensive items
people purchase, aside from a house. Thus, it is crucial to make sure that you are getting
the best deal in financing. Here are some of the most renowned car finance options:
Cash or Savings
If the interest rates are low, it might be that the savings in the bank or building society
account is not earning pretty well. Thus, instead of keeping the money and loaning cash
at higher rate of interest, you have the option to use some of it to buy a car. But, you
have to make sure that you have left money in the account in case of emergencies. If you
do not have any savings in your account to buy a car, you can end up paying for a big
deposit.
Personal Loan
If you carry a good credit rating, you can consider getting a bank loan, or loan from a
building society or finance provider. Nonetheless, you need to be careful to ensure that
your house is not going to secure the loan. You need to avoid putting your house at risk
because you might lose it if you fail to pay.

To acquire the best deals, take some time to search and shop around. By doing this, you
can compare the APR or annual percentage rate, that features charges which you have
to pay out including the interest.
There are tons of benefits from personal loan. It can be arranged online, over the
telephone or in person. Plus, the loan can cover the entire or a part of the cost of the car.
When you look around, you can benefit a great deal from the competition of rates and
interests.
HP or Hire Purchase
Financing a car through HP is popular among a lot of buyers. HP is paid in instal ments
with the payments being stretched to over 12 up to 60 months. Most of the time, the
customer is required to make a 10% deposit. The dealers often arrange this type of
financing, and they are very competitive for new car models. The vehicle will act as the
security, so the customer doesn't own it until the last payment is settled.
This offers multiple benefits. One would be that it is easy and very quick to arrange. Also,
it requires low deposit and has competitive interest rates. Moreover, this financing
method offers flexible terms which often range from a year to 60 months.
Aussie Loans is 100% Australian owned and we have been operating since March 2000.
We currently have eight offices conveniently located in Queensland, New South Wales
and Victoria. We are looking to expand Australia wide in the very near future.
Our experienced staff are committed to providing fast friendly service, helpful advice,
flexible options and great deals.
We have direct links with over 20 major Australian Financial products which means we
can tailor a loan facility that best suits your needs.
We are here for you and we wish to build a long lasting relationship with you. If it's a
personal, used car finance, business loan, whether it's a Motorbike, Car or Boat you
need, we are able to cater to your needs.