Finance

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Financing Your Boat Purchase

Are you in love with a particular car? However, it seems like you’ll have to give up on the car due to the high cost of the car. Well, don’t give up so easily. Now, you don’t have to limit your purchase options to the amount you can afford in cash at the moment. You can now exceed this based on your projected income and access car finance. It provides you with a wide range of options that ensures you don’t have to wait for months before you get that your dream car.

We must say that at Auto Liv, we don’t offer car finance for our clients or customers. Our speciality is in offering you the best car brokerage service out there. However, we recognise the importance of car finance in ensuring that you can afford the car that we locate for you. This is why we encourage you to maximise car finance to bring your dream to reality. We put our intention to action by partnering with a wide range of car finance brokers. These brokers get the job done for you and ensure that you don’t have to worry about financial limitations.

So, what are you waiting for? If you’re experiencing any form of financial limitation, you can approach any one of the leading car finance brokers in Australia to get access to this financial instrument.

Why You Should Use Car Finance

Car finance as a convenient means of car purchase today. However, there is still a wide range of doubt about whether car finance is a great option. Well, if you’re having doubts, here’s what you need to know.

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Car Finance Assures Quick Access to Cars

One thing that comes with car finance is faster access to the car that it provides. Generally, without car finance and outright payment, you’ll need to rely on saving for a car. Now, depending on your earnings and other expense, it might take a while before you finally get access to your intended car.

However, with car finance, you don’t have to wait so long anymore. You can now get the car when you need it by relying on car finance.

Another advantage of choosing to go with car finance is that you enjoy financial convenience. You don’t have to go out of your way to buy the car and then be thin on cash. You can now retain your cash and put it into other necessary and vital expenses that you’ll have from day-to-day.

You might be thinking that car finance doesn’t come cheap. If that’s stopping you from going ahead to get car finance, you have nothing to worry about. Car finance is generally cheap as you’ll hardly need to overpay. As long as you choose the right car finance partner and arrangement, you’ll get low-interest rates.

Why You Should Use Car Finance

There is a wide range of car finance services that you can maximise. These options are as follows:

Bad Credit Loan

This is a loan option that allows you to access car finance irrespective of your bad credit. Sure, it can be quite difficult to get yourself a loan when you have bad credit. However, our partners are available to solve this issue through a bad credit loan. However, keep in mind that you’ll need to pay more interest because the lender bears’ increased risk under this arrangement. There might also be some limit to the amount you can get as the loan.

Low Doc Car Loan

Usually, get a loan arrangement for a car will require you to provide a wide range of documents. In case you don’t have access to such documents due to your unique situation, this is where a low doc loan comes in. This is a financial arrangement that’s particularly suitable for those that are self-employed. It allows you to get access to a car loan without having to produce too much documentation.

Novated Leasing

This is a financial arrangement that’s particularly suitable for employees in a company who want to obtain a car under a loan agreement. Under this option, it’s an agreement that involves two different arrangement.

Here the lender enters into a loan agreement with the borrower. Afterwards, the lender enters into another agreement with the employer of the borrower. This second agreement mandates the employer to discharge the repayment obligation of the employee from their salary. This option comes with tax benefits while providing security or assurance of repayment to the lender.

Unsecured Car Finance

This is a loan where you don’t need to provide an asset as security. You get access to the loan sum once you sign the agreement and agree on the various terms.

This is a flexible loan arrangement that provides as much as a 7-year repayment duration. It also comes with flexible terms. For instance, you can use a balloon payment to reduce your monthly repayment obligation.

However, this option usually attracts a higher interest rate. This is because the lender bears more risk under this arrangement.

Secured Car Finance

This is a loan where you need to provide an asset as security. You get access to the loan sum and then provide a charge on an asset. In most cases, the asset used is the car that you financed its purchase.

This is a flexible loan arrangement that provides as much as a 7-year repayment duration. It also comes with flexible terms. For instance, you can use a balloon payment to reduce your monthly repayment obligation.

More importantly, this option usually attracts a lower interest rate. This is because the lender bears less risk under this arrangement.

Car Finance Calculator

This tool allows intending borrowers to understand their financial obligations under the terms of an imminent loan agreement. This is usually to determine how much they will need to repay after agreeing. To use this tool, you’ll need to provide certain information reflecting the terms of the agreement. Once you provide these terms, you can then click calculate to get your repayment obligation value. The information you’ll need to provide include:
  • The loan sum
  • The repayment duration
  • The interest rate
  • The repayment schedule

So, if you’re looking to get car finance, you can contact any of our boat finance partners to get started.

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