Vehicle loans, vehicle finance in St. Kilda, Melbourne

Are you thinking of buying a new vehicle for business or personal use?

You might find it convenient to get your finance sorted through the car dealer. But there are a few eye openers that might interest you:

Unlike our diverse panel of lenders who provide a variety of loan products, car dealers are bound by agreements made with specific lenders. This reduces your options, and puts you in an expensive corner
Car dealers are not liable under the NCCP Act (National Consumer Credit Protection)
It is mandatory for all our dealings to be compliant with the ASIC
Our primary business is not to sell vehicles. Our business is to maximise your gains and minimise your liability to the greatest extent possible
Your dealer might seem like he’s beaten down to a good price. However, they seek to recover these costs partially through the finance they provide
Car dealers are great salesmen who might lure you in with the shiny new car and get you to sign the finance documents on the same day

What are some FAQs?

What is the difference between a secured and unsecured loan?

A secured loan is one which involves you supporting your loan application with a valuable asset. The provider can take possession of said asset upon payment default. An unsecured loan does not involve the support of any assets and usually involve higher interest rates.

What is a balloon payment?

A balloon payment is a lump sum amount that is paid towards the end of your loan term. The payment of such an amount could result in lesser payments during the term.

How much is the establishment fee and any other fees involved?

It is important to find out such information from an expert who deals with various lenders. This will help you and your advisor to select the suitable product and provider based on your requirements.