Whether you are after a car loan, a novated lease, an operating lease or a chattel mortgage; Western Financial Group can help you with your finance options, tailored to suit you
Whether you are after a car loan, a novated lease, an operating lease or a chattel mortgage; Western Financial Group can help you with your finance
Most consumers wait until they’ve chosen a vehicle before looking at how to finance their purchase, but you can save a tremendous amount of money by shopping for the right car loan and being preapproved before you head to the dealership.
Not having a car loan in place before shopping can be one of the most expensive car-buying mistakes you can make.
Western Financial Group can obtain you a preapproval allowing you the confidence to sign a purchase contract once you have found your vehicle
Financing your Vehicle enables you to purchase a Vehicle using monthly or fortnightly repayments rather than paying for the Vehicle in full.
What this means is that the lender will pay the vendor the entire amount for the Vehicle, while you as the borrower repays the loan with monthly or fortnightly repayments along with an agreed interest rate.
When a Vehicle is purchased, you the consumer usually applies for Vehicle Finance. However, there are times when a personal loan is used for the same purpose (see personal loans).
Typically Vehicle finance loans are taken out over a 24 to 84 month timeframe and typically include stamp duty and fees associated with the Vehicle purchase
Should I research before I buy?
Yes you should research before you buy, below is a guide to the steps you could take before committing to your purchase
- Set yourself a monthly repayment budget.
- Decide on the type of vehicle that you would like
- What are the ongoing running costs and reliability of the vehicle
- Test drive the vehicle before committing to the purchase
- Search through dealers or online to find the right car for you
- Research the market value of the vehicle
- Don’t settle on the first vehicle you like, shop around to get the best deal for you
- If you are trading in your vehicle, also look for the best trade in price
Ready to find out more?
Contact Western Financial Group today to ensure you get it right – the first time!