Car loans | Mortgage Broker in Plenty, Eltham, and Diamond Creek
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What is a car loan?
Car loans are a pathway to car ownership that doesn’t require the payment of a vehicle in full before driving away. A car loan is designed to allow customers to borrow money from a lender, commonly a bank or a car dealership, and pay off the loan over time plus interest, typically between 1-7 years.
Car loans can be tricky, with hidden costs and features that may not be made clear from the get-go. Nadia, however, is well-experienced in car loans and knows all the tricks of the trade to make sure that customers, like yourself, aren’t left in the dark or with a car that doesn’t meet their expectations.
If you’re looking for a new car and would like a helping hand, reach out to your Mortgage Choice broker Nadia today.
What to look out for when taking a car loan
Car loans, although sharing the same fundamental DNA, are all extremely different from lender to lender. Some lenders will include certain features or benefits, whereas others may not, but will offer alternatives instead.
It’s always important to know what to look for before taking a car loan. The most common things to look out for include;
- The available cars on offer - make sure there are suitable options for your lifestyle.
- Whether inspections of the cars are permitted before signing
- Interest rates and potentially hidden fees
- Whether services and certain damages are covered
- Total costs - always take into account that additional fees like insurance and registration are typically not covered in car loans and will increase your total cost
If you’re ready to take on a car loan, book in some time with Nadia and see what options suit you best.
Nadia also has expertise in other broker areas, such as:
