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Car finance fees can differ depending on the vehicle that you intend to purchase. The fee also depends on your individual circumstances. But the common ones are application fees, monthly fees, exit fees and so on. A car finance broker is in the best position to help you understand these fees. Take a look at these slides for more information.
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There are all different kinds of fees and charges that can be involved in car finance. There are things like lender or application fees, monthly fees, exit fees, whatever they may be. There are fees payable to the state or territory at the time of setting up the loan in order to put the car in the government register. The best thing to do is to find out exactly what fees are applicable to the car you're buying in your exact circumstances, is to speak to your broker. Let them know what you do and don't want, what your preferences are with the fees compared to the interest rate, compared to the car that you're buying and everything like that. Then your broker will be able to find the best structure for you.
IN THIS VIDEO: Senior Asset Finance Broker Francis Valente expounds on the different kinds of fees involved in car finance.
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