How do car loan interest rates work?
A car loan or auto finance can help you get the right car for your needs, without waiting until you’ve saved the full amount. But it’s important to understand what affects your regular loan payments and the total amount you’ll end up paying over the life of the loan. Here’s a summary of the points that need to be considered. Remember, it’s always a good idea to get independent advice before you sign anything.
How do car loans work?
Despite the growth in public transport in our major cities, there are many reasons why having a safe, reliable car makes a lot of sense. But many people don’t have the savings necessary to buy a suitable model. Nor do they have possessions they can sell to cover the purchase. This is where a car loan or vehicle finance can help.
Key terms to understand before getting a car loan
A car loan or auto finance can help you get the right car for your needs, without waiting until you’ve saved the full amount. But it’s important to understand what affects your regular loan payments and the total amount you’ll end up paying over the life of the loan. Here’s a summary of the points that need to be considered. Remember, it’s always a good idea to get independent advice before you sign anything.
Your complete guide to car finance in NZ
New Zealand is a car country. While we certainly have decent public transport, most of us need to own a car to get to work and to make the most of life. And our vehicles need to be reliable, because nobody wants to get stranded on the side of the motorway or out in the countryside where tow trucks cost a small fortune.