If you’re a student and you’re looking to purchase a car and are struggling to stump up the costs, RateCity will help outline some potential options to help you make the most informed financial decisions.
Financing a car when you have bad credit can seem like an uphill struggle at times. But don’t let having bad credit drive you to despair. There might be financing options available to you, even if your credit rating isn’t squeaky clean. At RateCity we never tire of aiming to help you make the best financial decisions possible for your circumstances, so here we’ll outline some possible routes for you to take that could help you get back on the road, and put you back in the driving seat in terms of your finances.
Cars offer freedom and convenience. But those benefits come at a cost – insurance, registration, maintenance, finance.
A car loan, like any lending product, can have a positive impact on your life if managed properly. However, if mishandled, a car loan can turn out to be a costly mistake that causes you financial and emotional stress.
Despite how it sounds, balloon payments have nothing to do with buying inflatable novelties, and everything to do with car loans and vehicle finance.
When buying a car, it’s important to consider all of your options. As well as thinking about what car you should buy, you should consider how you plan to pay for it. There are several different options available, each with their own pros and cons, including paying cash to buy a car upfront, and taking out a car loan to be repaid over time.
We all love our cars, and can talk endlessly about speed, torque and engines, but unfortunately many of us struggle to understand car loans.
A secured car loan is a loan for which you offer the lender some sort of security, or collateral.
Compulsory third-party insurance, also known as CTP insurance, is compulsory for anyone who wants to register a vehicle in Australia.
Many people find car loans intimidating, because the stakes are high but their knowledge of the process is low.
Here are RateCity’s top questions to ask before you buy a new car.
Buying a car for the first time can be fun - for example, choosing one that suits your personality as well as your transport needs - but it can be daunting in equal parts. And it can end up costing a lot more than you originally thought.
^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.