1 / 6

Getting a car loan; things you should know

- FIND THE BEST INTEREST RATE BY SHOPPING AROUND <br>- CHOOSING THE RIGHT TIME TO PAY BACK A LOAN <br>- COMPLETE AND CORRECT RECORDS <br>- LOOK OUT FOR PLANS AND DEALS

lendapply
Download Presentation

Getting a car loan; things you should know

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. GETTING A CAR LOAN; THINGS YOU SHOULD KNOW www.lendapply.com.au

  2. FIND THE BEST INTEREST RATE BY SHOPPING AROUND Before getting a car loan, you should look at the interest rates offered by different banks and other financial institutions. Since there are no standard rates on the market, even a small difference of a few points in the interest rate can make a big difference in how much you have to pay back to the lender. The interest rate can change from lender to lender or stay the same. Get prices from different dealers of the car you want. Each car dealer works with a different lender, so you may get different quotes on interest rates and other costs. This can help you compare the different deals and find the best one for your car.

  3. CHOOSING THE RIGHT TIME TO PAY BACK A LOAN The loan terms are the most important part of a car loan. Some people who work for lending companies may try to get you to choose a loan that looks good to you. For example, you might be given a lower EMI for a loan with a term of seven years. But if you figure out how much you'll have to pay back in seven years, you might be in for a big surprise. So, it's smart to choose the shortest amount of time to pay back your loan. This will save you a lot of money in the long run.

  4. COMPLETE AND CORRECT RECORDS When giving out institutions follow the KYC rules. Along with your credit history, you need to fill out a certain set of paperwork and have it checked before you can get a car loan. Before going car shopping, it can be helpful to get a pre-approved car loan from the lender of choice. This makes sure that the car loan will be processed faster, but what's more important is that a pre-approved car loan gives you more negotiating power with the car dealer. When you are closing the deal, you will be in a better position to negotiate for more extras or lower fees. loans, all lending

  5. LOOK OUT FOR PLANS AND DEALS Nearly every bank or lender that gives out car loans has several good deals and offers. If you have good credit, you might even be able to get a custom deal, and in some cases, you might even be able to get a car loan with no interest.

  6. CONTACT US Level 1/5 George St, North Strathfield NSW 2137 www.lendapply.com.au 0412 057 113 Disclaimer: This is generic information and posts; content about the services can be changed from time to time as per your requirements and contract. To get the latest and updated information, contact us today or visit our website.

More Related