If you are about to start trawling through Geelong car loans for the best deal, there are many factors to consider before making a final selection.
Here are five things we think you should think about carefully before signing on the dotted line:
- Can you afford to buy a car? Make sure you will be able to manage your loan repayments without putting yourself under unrealistic financial stress.
- The length of the loan term. While one to five years are common loan terms, make sure the term is practical and achievable for you.
- Interest rates. Whether you go for a variable or fixed interest loan, make sure you compare a range of Geelong car loans to get the best deal. While variations between loan interest rates might seem minor, they can make a big difference to the amount you pay over a loan’s length.
- The vehicle’s price. Make sure the vehicle is worth its price tag and is in good condition. This goes for new and second-hand buys.
- Insurance. Make sure you are covered with the right insurance and that it is affordable.
Buying a car is one of the biggest purchases people make in their lifetime. It pays to get both the vehicle and the loan right, otherwise the consequences can be extremely costly. It’s also important to remember other costs associated with owning a vehicle including registration and regular maintenance.
At Konnect Financial Services, our experienced brokers are happy to assist you to find the best car loan for your circumstances. We have access to many leading providers of car loans and we are experts in the insurance industry.
For Geelong car loans, please contact our team today to make the process as stress-free and easy as possible.