Despite the recent increases in interest rates from the reserve bank, rates for all types of vehicle finance have, for the moment, remained fairly static.
Banks were quick to pass the increases onto their home loan customers but for the moment, automotive & equipment finance appears to have been spared the full effect of the rate increases. Of course this can’t last forever if rates continue to rise but it is a good sign that lenders are keen to win this sort of business. If you need any more information regarding interest rates and vehicle finance, please get in touch with one of our consultants.
The Fincar team is here to help you with all your financing needs. Contact us today to help arrange your next car or equipment loan.