Car Loans Australia :: Articles
SHARE

Share this article!

Car Sales: 3 Important Steps Before Buying Your Next Vehicle

Car Sales: 3 Important Steps Before Buying Your Next Vehicle

If you’re thinking about buying a car, there are a few things you should do before you head to the dealership.
The most important thing is to establish a budget and figure out what you can afford.
Once you have a firm understanding of your financial situation, you can start looking for a car that fits your needs, lifestyle and budget.

Step 1: Establish Your Budget with a Car Loan Calculator

Car buyers often underestimate the effect of monthly car payments on their overall budget. Before you start shopping for your dream car, it’s important to establish a budget and calculate what you can afford to pay each month.

A car loan calculator is a great way to establish your budget and get an idea of what you can afford to pay each month. By inputting your desired loan amount, down payment, and interest rate, you can calculate your monthly payment and get an idea of what you can afford.

If you’re not sure where to start, try using a car loan calculator to establish your budget and get an idea of what you can afford.

Best Car Loans
Finance for all new or used cars including personal or business use vehicles, private sale or dealer purchase. Loans for $10,000 and over Rates from as low as 3.85%

When using a car loan calculator, be sure to input the correct loan amount, interest rate, and loan term. You can typically find this information on the website of your chosen lender. Once you have all of the necessary information, simply input it into the calculator and hit "calculate." Doing so will give you a monthly payment estimate that you can use to budget for your car loan.

Remember, a car loan calculator is only a tool to help you establish a budget. The actual monthly payment may be higher.

Step 2: Get A Free Loan Eligibility Assessment

Are you thinking about taking out a loan? If so, you may be wondering how to find out if you're eligible. The best way to do this is to get a free loan eligibility assessment.

A loan eligibility assessment is a quick and easy way to find out if you qualify for a loan. All you need to do is provide some basic information about yourself and your finances, and the assessment will tell you if you're eligible. This assessment is important as it prevents you from completing too many loan applications which may be denied - negatively impacting your credit.

Getting a loan eligibility assessment is a great first step if you're considering taking out a loan. It's quick, easy, and best of all, free.

Step 3: Get Pre-Approved for your Car Loan

Car loans are typically available from several different sources, including specialist lenders. The interest rate you will be offered will depend on a number of factors, including your credit score, the type of vehicle you are purchasing, and the term of the loan.

If you are thinking of taking out a car loan, it is important to get pre-approved before you start shopping for your dream car.

A pre-approval letter from a lender gives you an estimate of how much money you’ll be able to borrow for your car. This can be extremely helpful in the negotiation process, as you’ll know exactly how much money you have to work with.

Getting pre-approved for a loan also allows you to compare interest rates and explore different lenders. This way, you can be sure that you’re getting the best deal possible on your car loan.

Share this article:

Car Loans - Quick & Easy
If you are in the market for a new or used car, then we'd like to help you arrange the money. Our car loan & leasing service is backed by a national panel of car loan specialists who will establish your eligibility, find lender/s offering the best deals for your situation - and help you through the approval and settlement process. No charge to you - and no obligation to proceed with any recommendations offered.


Car Loans Articles

Car Loans: Secured vs Unsecured Car Loans: Secured vs Unsecured
Car loans play a pivotal role in empowering individuals to afford their own vehicle, which can be a significant purchase. These loans, structured to fit within one's financial situation, can ease the burden of acquiring a car and assist in achieving personal convenience and mobility. - read more
Your Car Loan Journey: From Application to Approval Your Car Loan Journey: From Application to Approval
In this article, we are embarking on a guided journey that we believe will help immensely in navigating the intricacies of the car loan process. - read more
5 Simple Steps to Buy Your Dream Car Now 5 Simple Steps to Buy Your Dream Car Now
For many people, owning a car is a symbol of success and freedom. It’s not simply a matter of transport, it's a way to show the world that you’ve made it. But for others, the prospect of owning a car is a distant dream. If you’re in the latter group, then this guide is for you. - read more
How To Get The Best Deal On A New Car Loan How To Get The Best Deal On A New Car Loan
The process of buying a new car is an exciting time, however it can also be a bit stressful, especially when it comes to financing. With so many options on the market, it can be difficult to know how to get the best deal on a new car loan. - read more
7 Quick Car Insurance Tips for Teen Drivers 7 Quick Car Insurance Tips for Teen Drivers
For young drivers, getting a drivers license is like a ticket to freedom. Driving provides a number of other obvious benefits as well, and it is largely considered a rite of passage into adulthood by the vast majority of teenagers. However, there are many things to think about when you’re preparing to take the wheel, including a car insurance policy. - read more

Finance News

Mortgage Stress Spurs Increase in Early Release Super Enquiries Mortgage Stress Spurs Increase in Early Release Super Enquiries
13 Sep 2023: .financialservicesonline.com.au

The COVID-19 regime implemented by the former Coalition government allowed individuals facing financial hardship to access their superannuation early. Although this program ended almost four years ago, recent data suggests that people are still seeking early access to their superannuation to overcome current economic challenges. - read more
Australian Borrowers Brace for More Interest Rate Challenges Australian Borrowers Brace for More Interest Rate Challenges
13 Sep 2023: .financialservicesonline.com.au

According to recent estimates by CBA, the value of fixed-rate mortgages set to expire within the next six months amounts to a staggering $34 billion. Even more concerning is the anticipated expiration of an additional $52 billion worth of fixed-rate mortgages by the end of the year. - read more
Finance Regulator Taking Westpac to Court over Hardship Cases Finance Regulator Taking Westpac to Court over Hardship Cases
07 Sep 2023: .financialservicesonline.com.au

Australia’s oldest bank, Westpac, is facing legal action as the Australian Securities and Investments Commission (ASIC) alleges that it failed to respond to financial hardship notices from hundreds of customers. The civil action, which involves 229 impacted customers, will be launched in the Federal Court this week. - read more
RBA Shows Caution in Rate Decisions, Leaving Possibility for Future Hikes RBA Shows Caution in Rate Decisions, Leaving Possibility for Future Hikes
05 Sep 2023: .financialservicesonline.com.au

The Reserve Bank of Australia (RBA) is expected to keep interest rates steady for a third consecutive month in September, but the possibility of future rate hikes is still on the table. - read more
Deepening Financial Woes for 1.5 Million Australians Caught in Mortgage Stress Deepening Financial Woes for 1.5 Million Australians Caught in Mortgage Stress
29 Aug 2023: .financialservicesonline.com.au

Roy Morgan, a leading market research company, has released its latest mortgage stress survey for July, revealing a startling increase in financial pressure on Australian homeowners. The survey shows that mortgage stress has reached its highest level since May 2008, with a staggering 1.5 million individuals, or 29.2% of mortgage holders, now classified as 'at risk'. - read more

Need Help Finding a Loan?
Get a free car loan eligibility assessment and compare offers tailored specifically to your circumstances.
Loan Amount:
Postcode:
All finance quotes are provided free (via our secure server) and without obligation.
We respect your privacy.

Knowledgebase
Consumer Credit Code:
An act of Parliament that governs the relationship that exists between borrowers and lenders.