What is End of Loan Refinancing?

Friday, 15th March 2024 9:26 pm

Many borrowers who take on a car loan will do whatever it takes to reduce their repayments. One way this is often achieved is through a balloon payment. Also known as a residual payment, it involves a lump sum payment at the end of the loan term, thus reducing your monthly repayment obligations thro

What are the Essential Questions to Ask a Lender About a Car Loan?

Tuesday, 12th March 2024 10:17 pm

When obtaining a car loan, it's essential to gather as much information as possible to make an informed decision. Here are some key questions to ask a prospective lender:   1. What is the interest rate? Knowing the interest rate helps you understand the total cost of the

What Should I Do if I Fall Behind on My Loan?

Saturday, 9th March 2024 7:12 pm

Life is unpredictable, and financial setbacks can happen to anyone. If you find yourself falling behind on your car loan repayments, it's essential to address the situation promptly and proactively. Ignoring the issue can lead to serious consequences, including repossession of your vehicle. In this

How to Secure a Car Loan as a Casual Employee

Wednesday, 28th February 2024 6:19 pm

Securing a car loan as a casual employee can present certain challenges, but with careful planning and a strategic approach, it's certainly feasible. Lenders typically assess the stability of an applicant's income and employment history when considering a loan application. As a casual employee, y

Is it Worth Buying an Electric Vehicle With a Novated Lease?

Thursday, 22nd February 2024 3:41 pm

The automotive industry is undergoing a significant shift towards sustainability, with electric vehicles (EVs) at the forefront of this revolution. As more people embrace eco-friendly transportation options, the decision to purchase an electric vehicle with a novated lease is gaining popularity. Thi