Tips for Success
Have you been driving a beat up car or truck since you were old enough to get behind the wheel? Are you ready to branch out into the world of new cars so that you will be the first one to spill coffee on the passenger’s seat, or scuff the tires on the curb?
Buying a new car is an exciting time, but it can also be stressful because it means that you must think about how you're going to buy the car, whether it be outright or through a new car loan. While many people look at car loans as a chance to make an investment and build up their credit rating, it is still important that you follow a few simple steps if you’re going to get the best deal.
The worst thing for getting new car loans is bad credit, so before you even start thinking about how much you can spend on your new car, find a way to obtain a copy of your credit report from a reputable reporting agency, this is something we can help with.
You will need to understand that if you do have bad credit, you may only be offered a loan with a higher interest rate. This means that if you do make all of your loan payments on time, you may have improved your credit rating and your next loan may have a cheaper interest rate (after meeting the lenders credit criteria). Once you’ve determined whether or not you have bad credit, it is time to speak to a specialist.
You should realise that you can obtain loans from a variety of different lending institutions, including banks, credit unions, the car manufacturer, and online lenders. All of these have their benefits and their drawbacks. If you want the best deal on car loans in Western Australia, the best place to go is Yes Loans.
Lastly, before you accept any offers for a new car loan, you should sit down and take a long hard look at your financial situation.
Just call our team on 08 9472 3000 to get started.