3 Costs You Should Not Include on Your Car Loan

Posted on: 29 November 2017

People who are buying insurance as part of the cost of purchasing new cars may often end up with a bigger car loan than necessary due to getting insurance add-ons that inflate the initial cost of the vehicle. Below are some of the insurance add-ons that you should think about carefully before getting financing for a car purchase. Gap Cover One added form of insurance that can increase the size of your car loan is "
[Read More]

Bad Credit Car Finance Tips

Posted on: 12 May 2016

When you have bad credit, it is important to try to clean up your finances before you buy a car. However, this may take some time and you may not be ready to wait all that long for your credit score to improve. Given your situation, finding or being approved for a bad credit car loan will not be easy. This is because with your bad credit, you will be vulnerable to many dealer tricks, especially because your options are limited.
[Read More]

Used Car Finance - The PCP Explained

Posted on: 11 April 2016

When you are looking to secure finance in order to purchase a used car, you might want to consider a PCP (Personal Contract Purchase).  But what is a PCP and how does it work?  Read on to find out more. What is a Personal Contract Purchase agreement?  A PCP agreement allows you to repay just part of the total amount you have borrowed in order to purchase your used car.  This sum equates to the amount by which the car's value has depreciated during the term of the PCP agreement.
[Read More]

Obtaining a car loan on Centrelink payments

Posted on: 29 July 2015

If you currently receive Centrelink payments, you will know it can be a challenge to get car loans with no other payments. However, a car can be important, especially if you are trying to re-enter the workforce or need to balance caring for family members with attending medical appointments. Here are some of your options. Dealer finance While many banks are reluctant to lend to people who only receive Centrelink payments, dealers are often able to structure a car loan around these payments.
[Read More]