Don" t Get A Used Car Auto Loan Until You Get A Used Car Auto Check
How can you be sure you're not buying a lemon under the shiny bonnet of that used car that looks like it's got your name already written on the rego label?
But think about this: how would you feel about paying off a used car auto loan for a vehicle that didn't outlast its short-lived warranty period?
Despite more stringent guidelines to protect purchasers who are looking for a quality used car, the Safety Certificate that must accompany any used car for sale is only as good as the mechanic who issued it.
The sensible solution is to have your prospective new vehicle inspected by a qualified safety inspector, who knows how and where to look for shoddy patch-up jobs or potential hazards that may arise as soon as the warranty has expired. Although you may have to pay a couple of hundred dollars for the inspection, you could save yourself thousands of dollars in the long run.
Safety inspectors are available through your state auto services like NRMA, RACV or RACQ or through private contractors.
Not only will a used car auto check give you peace of mind, it will also give you additional 'brownie points' when it comes to applying for a used car auto loan. While it won't make the difference between you being approved or denied a used car loan, most loan institutions look on a safety check favourably. It proves you mean business and are willing to go the extra distance to prove the used car you want to buy is worth the additional expense.
Once the used car auto inspection has been given the tick of approval, the next step is to apply for a used car auto loan, unless you're one of the very few people who can afford to pay for a used car outright.
If you're sensible enough to do your homework on the used car, then you're undoubtedly sensible enough to do your homework on the used car loan too. With the help of your trusty computer, this process is now easier than ever.
You can now shop for the best car loan rates online from a number of sources. Most of the major banks, credit unions and financial institutions now give you access to their car loan application forms online.
But savvy car loan shoppers are heading towards the online loan providers/brokers, where the car loan that is most suited to your particular circumstances can be accessed with the ease of a couple of mouse clicks. Online loan providers operate by aligning themselves with a number of major financial institutions who all offer different styles and types of loans for varying purposes.
The process is easy and time-saving. After doing your research, you decide on the loan provider who fits your needs for a suitable used car loan. They will request personal and financial details including:
The cost of the car and the amount you wish to borrow;
Your intended loan term and the anticipated monthly repayment amount;
Details of your employment;]
Verification of your credit history.
Once the loan provider has confirmed and verified your details, they select the lender who they believe will best suit your loan needs. In most cases, they guarantee to get back to you within 24 hours with a decision.
Online loan providers do all the hard work for you so you can feel comfortable and secure knowing they have sought out the best used car loan rate available from the best used car loan company. And doesn't that make that auto check you had performed when you found the car of your dreams all worthwhile?
But think about this: how would you feel about paying off a used car auto loan for a vehicle that didn't outlast its short-lived warranty period?
Despite more stringent guidelines to protect purchasers who are looking for a quality used car, the Safety Certificate that must accompany any used car for sale is only as good as the mechanic who issued it.
The sensible solution is to have your prospective new vehicle inspected by a qualified safety inspector, who knows how and where to look for shoddy patch-up jobs or potential hazards that may arise as soon as the warranty has expired. Although you may have to pay a couple of hundred dollars for the inspection, you could save yourself thousands of dollars in the long run.
Safety inspectors are available through your state auto services like NRMA, RACV or RACQ or through private contractors.
Not only will a used car auto check give you peace of mind, it will also give you additional 'brownie points' when it comes to applying for a used car auto loan. While it won't make the difference between you being approved or denied a used car loan, most loan institutions look on a safety check favourably. It proves you mean business and are willing to go the extra distance to prove the used car you want to buy is worth the additional expense.
Once the used car auto inspection has been given the tick of approval, the next step is to apply for a used car auto loan, unless you're one of the very few people who can afford to pay for a used car outright.
If you're sensible enough to do your homework on the used car, then you're undoubtedly sensible enough to do your homework on the used car loan too. With the help of your trusty computer, this process is now easier than ever.
You can now shop for the best car loan rates online from a number of sources. Most of the major banks, credit unions and financial institutions now give you access to their car loan application forms online.
But savvy car loan shoppers are heading towards the online loan providers/brokers, where the car loan that is most suited to your particular circumstances can be accessed with the ease of a couple of mouse clicks. Online loan providers operate by aligning themselves with a number of major financial institutions who all offer different styles and types of loans for varying purposes.
The process is easy and time-saving. After doing your research, you decide on the loan provider who fits your needs for a suitable used car loan. They will request personal and financial details including:
The cost of the car and the amount you wish to borrow;
Your intended loan term and the anticipated monthly repayment amount;
Details of your employment;]
Verification of your credit history.
Once the loan provider has confirmed and verified your details, they select the lender who they believe will best suit your loan needs. In most cases, they guarantee to get back to you within 24 hours with a decision.
Online loan providers do all the hard work for you so you can feel comfortable and secure knowing they have sought out the best used car loan rate available from the best used car loan company. And doesn't that make that auto check you had performed when you found the car of your dreams all worthwhile?
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