If you’re in Australia temporarily and need a car loan, its likely traditional lenders such as the banks have denied you. Banks usually only lend to Permanent Residents or Australian Citizens and people with a credit history.
Car Gap, or Motor Equity Insurance (MEI) is a special kind of insurance that covers the shortfall or "gap" between what you owe on a loan and the payout amount if your car is written off as a total loss, or stolen, during your insurance coverage period.
Car dealers and motor vendors often have special sales. These sales make way for newer models or aim turning fence-sitters into buyers.
Half the battle is trying to get people into the dealership. Sometimes, car dealers offer their own finance with "reduced" rates. One attractive offer that's used by dealers is a zero percent car loan.
Looking at so many loan products on the market, it's important to gain as much knowledge about what's on offer as possible. One term borrowers will encounter is "comparison rate."
With the price of caravans ranging from $10,000 up to $500,000, applying for the right finance can make a significant difference to the overall cost of this investment.
Just as with a car, truck or other vehicle, there is a wide range of caravan loan options available to different lifestyles and needs.
As more Australians take on jobs where heavy lifting or a long haul on the road is required, truck finance is also growing in popularity.
Truckie jobs can earn someone as much as $100,000 per annum on the east coast of Australia and up to $200,000 per year in the west, where job demand has increased at a rapid rate
Car loan interest rates vary based on the official cash rate and other market conditions, which means what is considered a competitive car loan one day could be worth less the next.
Car refinancing, however, means that people can switch to a more favourable car loan before the term of their existing deal ends.
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A bad credit car loan is designed to help people with poor or limited credit history get car finance when they need it.
Lenders use your credit history to help assess car loan and other loan applications because it gives them an idea of what type of customer you will be.