Helpful finance tips to help
you optimise your financed deal
excitement of getting a new car can often lead one to make rash
decisions when deciding on the various options for car finance.
We’ve put together a list of helpful tips to help you optimize your
The type of car you will be driving will influence what you pay each
month. Previous owners having taken the hit on depreciation
over the first couple of years are often a much more affordable
option . The cheaper the car, the less finance required and in turn
the less the monthly premiums.
With interest rates rising putting a good deposit down on your car
will make a big difference to your monthly payment. The larger the
initial deposit on your car, the lower the monthly premiums will be.
Car finance can be organized for anything from 12 months to 5 years.
The lower the period you choose, the more your monthly payment.
However be careful to compare your total payment over the duration
of the deal for different payment periods. To dramatically
reduce paying off your car quickly is sure to reduce your total
Make sure the finance consultant fully explains what you’re getting
and what each item costs, as often car finance deals include a host
of other products.
sure there are no penalties for paying your used car loan off early
- Please Pay careful attention to the terms of your loan