Back in April, when this pandemic was new and we all faced an unknown period of lockdown, potential financial instability and uncertainty over what would happen next, new car sales across Australia plummeted 48.5%. With this – the biggest decline recorded in almost 30 years of tracking – Australians spent at least $1 billion less on new cars than they did during April the previous year.
But, as the situation evolved, so did demand within the industry. Fears of the … Read more
So, you’re thinking about buying a car. You don’t have funds to pay for it upfront, which means you will have to apply for a car loan. But are there any other options?
A car lease could provide an alternative to a car loan, but just like a car loan, it comes with various pros and cons. In this post, we’ll look at the different types of car leases and how they work, to then compare car leases and car … Read more
If you have a credit card, you’re probably pretty comfortable using it on the small stuff, such as the weekly grocery shop and some online retail therapy after the kids are in bed. But what about larger purchases? How would you feel about using your credit card to pay for something big, like a car?
In this post, we’ll cover the ins and outs of buying a car with a credit card, including when it will and won’t work, and … Read more
Thinking about applying for a car loan, but unsure whether you’ll be approved? If you’re new to credit, or you’ve not had a good relationship with credit in the past, it can be nerve-wracking applying for a new loan. So, what can you do to improve your chances of being approved?
Check Your Credit ReportBefore you apply for any type of credit, whether that’s a car loan, a credit card, or a home loan, you should always check your … Read more
As you compare car loans, you’ll notice that there are two rates attached to each loan, namely the advertised rate and the comparison rate. While both of these rates are important, the comparison rate will likely be of most use to you as you start your search for the best car loan, as it will allow you to quickly compare options side-by-side, to narrow the field to a more manageable selection.
So then, what’s the difference between the two rates? … Read more