When you are buying a car, you shop around for the best deal which may include a better warranty on a particular model, more extras for the same price or even a better trade in.
All this takes time, and because buying a car is one of the biggest financial commitments you will make, you need to have done your homework, before deciding on what you'll buy.
Getting finance to purchase this vehicle is just as important. There are so many lenders in the market, each catering to different needs, but do you have the same amount of time to spend on making sure that you choose the right lender to suit your specific needs?
Does that lender have fees or penalties? Can you claim a tax deduction on that type of loan? Will they finance a car if it is private sale? Can you structure your payments to fit in with your particular business?
At RLS, we do all that for you.
Our consultants have the experience and knowledge in the industry to match our clients with the right lenders ensuring they get the most appropriate deal available, which results in a saving on interest and fees. We will explore all the options available to ensure you can make the most informed decision.
How long will it take to get my loan approved?
Generally we allow 24 hours. However, we can often get your loan approved within an hour. Please check our interview check-list, this will tell you which documents you need bring with you to get your finance approved quickly.
Should I get my finance pre-approved?
If you haven't had finance before, we recommend a pre-approval. This provides two important things - the confidence to negotiate your purchase of the car knowing that your finance is already approved and the knowledge that you're shopping within your budget. Our consultants will tailor the payment amount to ensure it is within your limits.
Do I need to have a deposit?
In most cases, you may not require a deposit, but our experienced consultants can advise whether is will be necessary or not.
How do I make my loan repayments?
Payments can be made by direct debit or BPAY on a weekly, fortnightly, or monthly basis for Consumer loans. Business loans can be direct debited on a monthly basis or structured to suit seasonal needs.
What is a Balloon payment (residual payment)?
A Balloon payment is a one off payment at the end of the loan term. This enables a buyer to reduce the amount of their payments during the loan term, meaning they can afford the car they want.
What's the difference between personal loans and business type loans?
Leasing, Hire Purchase and Chattel Mortgage loans are available for vehicles that are used at least 50% for business use. Secured car loans (Consumer Mortgages) are designed for people buying for private use.
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