Buying a Car? Use This Checklist
Looking to make a new car purchase? It’s a big decision and a big purchase, so here is a checklist to help you make the smartest choice possible. Figure Out How Much You’ll Need Do some research [...]
REFINANCE CAR LOANS
The main reason people refinance their existing car loan is to reduce repayments. This can be the result of changes in their job and their income has reduced, changes to their employment status and they are now contracted or self employed, have an addition to the family, their partner has ceased working or have over committed themselves when purchasing the vehicle.
A car loan refinance could assist in reducing the monthly commitment.
If you decided on the first loan approval provided and didn’t compare, chances are you may be paying more in interest over the loan term than you should. A car loan refinance may help get you into a lower interest rate loan and could help save you in the long term.
However before refinancing you need to consider the type of loan product you have, any early termination fees and charges your lender may have as this may reduce any savings in interest.
It’s your choice!
Before deciding to refinance your existing car loan you need to take into consideration the advantages and disadvantages of car loan refinancing so as to make an informed decision on what’s suitable to your needs and objectives.
Contact our experienced finance consultants on 1300 350 118 to discuss your car loan refinance options.
Having the right person on your side is essential in gaining a suitable car refinance loan.
If you’re still researching and are unsure on whether a car loan refinance is going to be suitable. You can obtain an obligation free loan decision.
To obtain a car loan refinance, you will need to go complete the online loan application which could record a credit enquiry on your credit file. APPLY NOW.