Need transport? Whether the vehicle is for personal or commercial use, different motor vehicle finance options are available to assist you in financing the purchase.
The criteria for normal lending and car security needs to meet all the guidelines for a loan approval.
Essentials of a better car loan:
Features of a better car loan:
A car loan should offer you affordable monthly repayments that you can control. You can choose your weekly, fortnightly or monthly payment terms that will suit your current budget and situation as long as you can pay the car loan, for example, within 1 to 7 years. You must also have a choice to make added repayments to repay your loan faster. If you decide on a term greater than 2 years and you already fully paid it in less than 2 years, however, you will need to pay a fee. In most lenders, this fee will be waived if you’ll pay your loan by applying for refinancing through other personal car loan plan. Paying should also be convenient such as direct payments from debit cards, BPAY or at some bank branches. Some lenders charge an additional fee for every late payment. For that, a lump sum payment should also be considered to help reduce your monthly repayments.
Some lenders also offer lower rates by using the car as a security. More importantly loan payments should be fixed once your contract starts so you will always know when your payments will be.
Eligibility for novated lease:
Flexible rental time frames and options
Oak Laurel – Car loans made easy!