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10 tips to choosing Car Insurance

Car insurance, like many other financial products can be confusing, even overwhelming. Here are ten common tips to help you choose an insurance polic thats right for you.

Fixed rate car loans V.S. variable rate car loans

Most financiers that provide car loans only offer fixed rates, but there are a few that will only offer variable rate car loans and some that will give you the option of fixed or variable.

How could my interest rate be determined?

Each and every lender will use a different formula for how they determine what interest rate you can obtain on your proposed car purchase, so it may be a good idea to speak to a Finance Broker with a range of lenders and products to ensure you...

What is a low-doc car loan?

The terms ‘low-doc loans’ or ‘self-declaration loans’ started in the home loan industry and refer to a loan product that requires less documentation than what would normally be required of an applicant. When it comes to low-doc car loans there are...

Could I refinance my car loan for a lower rate?

When you enter into most secured car loans, you’re normally signing up for fixed interest rate agreement where the interest rate on your contract stays the same for the whole loan term. While this is great for managing your repayments, often...

Whats the most I could borrow on my car loan?

To establish how much you could afford to borrow you'll first need to determine your maximum allowable monthly repayment based off the lender’s affordability calculators. Each lender’s standard living expense may be slightly different and they could...

What are balloon payments?

A residual value or balloon payment is a term originating from lease agreements. The residual value is a forecasted depreciated value of your asset at the end of your lease term. The residual values have set guidelines in place for motor vehicles...

What's the difference between a Chattel Mortgage and a Consumer Loan

The main difference between a Chattel Mortgage and a Consumer Loan is that a Chattel Mortgage is a business use loan product which means the vehicle must be used predominantly for business use, which is 50% or more business usage. The outcome of...

What is a car loan comparison rate?

A comparison rate is used when advertising finance rates or repayments. It is not to be confused with an interest rate, as this is the rate shown on a finance contract and that rate that your repayments will be calculated for. A comparison rate is...

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