I am sure you’ve heard of low rate car financing from car dealerships. Sometimes they offer crazy rates as low as 0% p.a. Have you ever wondered how they do it?
If a deal sounds too good to be true, it probably is. The truth is that using dealership finance can take away your ability to negotiate on price. The discounts and rebates that car manufacturers regularly offer, can just disappear!
You also need to look at the total cost of the finance over the loan term! What is the monthly loan repayment? Are there fees added each month? Is there a lump sum residual amount payable at the end of the loan term? What are the fees if you repay the loan early? It’s not just the interest rate that needs to be considered.
As your finance broker, we’re here to see you get the best rate on all your finance needs and that includes loans for cars, trucks and even plant and equipment for your business. Just like our home loan offer, we can shop around with lenders to find exactly the right loan for you considering your personal circumstances.
So, don’t fall for any crazy finance offers from your car dealer. Let us help you get the right financing in place, so you can then go ahead and negotiate a better deal on whatever car you want to buy.