Adventurer Finance Solutions are a great choice for car loans on the Gold Coast and offer very competitive rates. Taking out a car loan is a great way to get that car you’ve been wanting now and paying it off in manageable weekly payments.
A Car Loan is a personal finance product where the financier lends the customer funds for the purchase of a vehicle, and secures the loan against that vehicle. It is sometimes called a Consumer or Secured Car Loan.
How does it work?
Under a Car Loan the financier advances funds to the customer to purchase a car.
At the time of purchase the customer takes ownership of the vehicle, and as security for the loan the financier takes an interest in the vehicle.
Once the contract is completed, the financier lifts their interest in the vehicle, giving the customer clear title.
There are several benefits to taking out a Car Loan
– Flexible contract terms ranging from 24 to 84 months (two to seven years)
– A balloon value can be applied to the contract enabling the monthly repayments to be tailored to a budget
– Choice of fixed or variable interest rates
– Deposit (either cash or trade-in) may be used
– A tax deduction is available when the vehicle is used for business purposes
– The loan is secured against the vehicle, allowing lower interest rates
Give Simon or Alyssa a call today to see if you’re eligible for a car loan at Adventurer Finance Solutions.