What is a Comparison Rate?

Sunday, 18th June 2023 4:17 pm

If you’re in the market for a car loan, or other types of financing for that matter, you may have noticed a specific term describing the interest rate – comparison rate. So what exactly is a comparison rate, and how does it differ from an advertised rate?  

Why Refer to a C

What Car-Related Tax Deductions Can You Claim?

Wednesday, 7th June 2023 5:52 pm

As the end of the financial year nears, it's worth thinking about tax time! And with a few weeks remaining, that means any last-minute deductions, or things to be aware of when it comes time to claim deductions. While there are a wide array of permutations and individual circumstances to consider

The Most Important Finance Terms You Should Know

Saturday, 20th May 2023 3:57 pm

In this day and age with elevated inflation leading to a greater focus on prices, it is wise to sit back and revisit the basics. With interest rates also rising, this holds true for motor vehicle financing as well. When we decide that we need a new vehicle, we also have to decide how to pay for i

Is Your Credit Score or Credit Report More Important?

Monday, 15th May 2023 9:49 pm

One of the common queries the team here at Fincar deals with is the matter of credit scores and credit reports. Many are unsure of the differences between the two. What's more, a number of would-be borrowers don't understand whether one is any more important than the other. The truth is, the two

Should I Repay My Car Loan Early?

Sunday, 16th April 2023 3:34 am

The primary purpose of a car loan is to provide you with means to access credit that allows you to purchase a vehicle that otherwise would not have been within your reach. It could be because the purchase price is more than you can initially afford, or, your cash flow dictates that you need to pay t