Does Having a Car Loan Affect Your Mortgage Application in Australia?
Whether a car loan will affect your ability to get a mortgage depends on your financial capacity and what kind of property you plan to purchase. If you are hoping to stretch the limits of what you can afford then any debt you can retire prior to applying for a mortgage will help. In this […]
Can You Pay Off a Car Loan Early?
Yes, you can pay off your car loan early. However, a better question is whether you SHOULD do so. There will usually be a cost associated with the early repayment of a car loan and ideally the savings in the future would outweigh these costs. But there is much more to consider than this. What […]
Is a Car Loan a Personal Loan?
The fast answer is that a personal loan is more of a general-purpose cash loan that you are free to spend at your discretion. There is nothing stopping you from purchasing a car with the proceeds of a regular personal loan. But this is usually an option of last resort. A car loan is strictly […]
Can You Refinance a Car Loan with the Same Lender
Car loans are long-term financial commitments and it is common for a borrower’s circumstances to change over the repayment period. If the change is positive then cheaper and better car finance options can become available. And if you are a good customer then a lender (but not all) may bend over backwards to keep you! […]
How to Refinance a Car Loan: Complete Guide to Upgrade Your Auto Finance
Refinancing a car loan can be as simple as applying for alternative finance with a new lender. But how do you know if you should refinance your car loan? Well, it depends on what you are trying to achieve. You then will have to do some calculations to work out if you will be better […]
Should I get a Car Loan: Buying in Cash vs Auto Finance
A car loan can be a useful tool even if you have the cash savings to buy a car outright. There are benefits to paying cash for a car – saving the interest and fees associated with a loan being the obvious one – but have you considered what else you could do with that […]
What is a Comparison Rate Car Loan
Comparison rates are a tool that is designed to help borrowers understand the real cost of their car loan, and compare different loan options quickly. While well intended, the number can still be misleading when trying to find the best car loan for your situation. A lower comparison rate may not mean a cheaper car […]
How to Pay Off a Car Loan Faster
A car loan can feel like a never-ending financial commitment. By the time you pay it off, your car is due for an upgrade – and a new loan! But what if you could shave months or even years off your car loan repayment term? In this article, we will discuss your options to pay […]
How Car Loans Work: Complete Guide to Auto Finance
A car is often one of the largest purchases someone will make in their lifetime. The upfront cost can be tens of thousands of dollars is unattainable for most in terms of cash savings. By taking out a car loan you can access the car of your dreams and spread out the cost over a […]
How Old Do You Have to Be to Get a Car Loan in Australia?
In Australia, there is a small window of time when you are old enough to drive independently with a provisional license, but not old enough to get a car loan. So unless you have generous parents who are prepared to buy you some wheels (and let’s face it, it will still be an old bomb) […]