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Interest Rates

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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.

Should I use a finance broker for my first car loan?

With the help of an experienced, qualified finance broker, you don’t need to stress so much about the paperwork and application for your car loan. As your finance broker could advise what is required and guide you through the processes and maze of...

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...

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...

What are the restrictions on cars that can be financed

If you’re thinking about taking out car finance, you probably have a particular vehicle in mind that you would like to purchase. But will you be able to get the car you’ve got your eye on? Will it qualify for finance?

How do I get a car loan if I'm a discharged bankrupt?

There aren’t many lenders that will give you a second chance straight after you’ve been discharged from a bankruptcy. If at all possible, you should look at purchasing a cheap used vehicle outright. If that’s not an option, you’re going to want to...

How do I use my car allowance to get a car loan?

Many employers these days are offering car allowances as opposed to company cars, as then the employee is required to go and take out a form of car loan for themselves and if their employment ceased with their current employer, the car loan carries...

What is a no-doc car loan?

A no doc car loan is a business use car loan where no proof of income is required of the buyer, making it quick and easy for business customers to apply for the finance they need without having to generate a cash flow or income statement as they...

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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