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

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

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

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

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