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Buying a new car is an exciting feeling, hearing yes is even better… Apply for an online car loan within 10 minutes today and drive away tomorrow!
Buying a new car is an exciting feeling, hearing yes is even better… Apply for an online car loan within 10 minutes today and drive away tomorrow!
Our range of personal loans come with a clear repayment plan and competitive rates so that you can drive off with a new car without emptying your bank account.
While cars naturally depreciate as you add more km’s to the clock, a used car will lose far less value than a new car, you’re far more likely to grab yourself a bargain with a used car.
Unlike car dealerships, private sellers are usually more willing to negotiate on the price to get the car out of the door fast at a reasonable price. Don't miss out on a good deal thanks to online private sale car loans.
Buying a car outright means that you’ll save money in the long run because there will be no interest rates or other fees. However, buying a car is a big investment and can make your savings take a hit.
Spending a big chunk of savings on a car can leave you short in the event that you need money for an emergency, which is why a car loan can be advantageous, even if you do have the money available.
Of course, if you need a new car and do not have enough savings then a car loan is certainly the best way to go. It gives you the opportunity to drive away in a car that you wouldn’t normally be able to afford. It is important to remember that before taking out any form of finance, you will be able to keep up with repayments. Otherwise you can find yourself in a bad debt cycle. Therefore, borrowing money can be great, so long as you are a responsible lender.
The answer to this question relies completely on you. If you would like to repay the loan slowly in small installments over a long period of time then you can do, however bare in mind that this will mean you will pay more in interest throughout the course of your loan.
On the other hand, if you can afford it then you can pay more each month and repay the loan in a relatively short space of time.
It is all dependent on the cost of the car and how much you are willing to spend on each repayment. This is why car loans usually range between a period of 2 – 8 years.
