AUSWEA is a way of getting the best deals on car finance. If you’ve never purchased a new car before, the idea of getting car finance can seem a little daunting because you don’t understand all the tricks involved for getting the best deal. Guess what? I’m here to share what information with you so you score the best possible deal!
First up, will you be getting finance from a bank or from the dealership itself? It pays to shop around for car finance or a novated lease for a few reasons. Banks don’t always offer the best deal on a car loan and the same can be said for the car dealerships themselves. Don’t ever accept an offer for finance without comparing it with offers from competitors.
The benefits of getting car finance for your purchase comes with many benefits. The great part is you don’t have to pay for the car in full upon purchase. You get to drive around in a brand new car without a large upfront payment. It’s great for people that don’t have lots of money saved up and lets face it, that goes for most of us.
This comes at a price and that price is named interest. For example, let’s say you loan $30,000 from a bank and opt to repay that amount over a 3 or 5 year period. Upon the last payment, you will have paid a % of interest that increased your total repayments to $35,000 or perhaps more. Provided you maintain your car and have it serviced regularly, you can reduce the amount of depreciation on the vehicle itself and earn back the interest upon selling the car.
Use our Novated Lease Calculator to work out your car finance repayments.
Other finance we offer is on fixed home loans nationwide.
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