Categories: Tips

Why It Is Better To Buy Your New Car Using Finance

There are many consumers out there who drive past many car showrooms and there is always a model that catches their eye, but they never pull into the lot because they just can’t afford to buy it. This seems a great shame for the customer and especially for the car dealership. This is why many car dealerships are now offering finance for potential customers and it is helping to change the whole business landscape. People are now learning that they can have the car of their dreams and that they can spread their payments out over a number of years. In most cases, there is a small down payment that is required and after all of the paperwork has been completed, most can drive out of the car showroom with their brand-new car.

If you are currently in the market for a new vehicle and you’re not sure whether you should keep saving to get the full amount or to car finance in nz your purchase, then maybe the following benefits of financing your next car will help you to make the right decision.

1. It will save you money

If you can only afford to buy a second-hand and used car, then there is a high likelihood that this car is going to give you some grief a little further down the road. It will probably have mechanical issues and you will have to spend money on it time and time again trying to keep it on the road. The better option is to buy new where you have a warranty from 3 to 5 years old mechanical issues covered within this. You can finance your purchase and save yourself a lot of money. The cheapest finance option would be to take out a caveat loan from Australia’s leading online lender.

2. You don’t need collateral

The finance company will not be requiring you to put down any collateral so that you can take out a loan for your new car. The car is the collateral and so in the unlikely event that you were not able to meet your payments, then the car will be taken from you and they will sell it to get the outstanding balance. This takes a lot of pressure off your shoulders as your home and your other personal items will not be at risk.

3. You get the freebies

Putting a car on the road can be quite expensive because you have to pay for things such as road tax, insurance, servicing and fuel. When you buy used cars in austin, the seller usually throws in these items for free in order to get you to sign on the dotted line.

As you can see, it makes a lot more sense to finance your purchase that to pay all of the money upfront. You get to spread the costs out over a number of months and you can make payments that you know are very affordable.