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There’s no denying that cars are no longer considered a luxury these days but are thought of as essential items. In Australia, over half the households in the country have two or more vehicles. The thing about cars is the companies that manufacture them launch new models each year that offer a plethora of performance and fuel economy benefits. What that means for motorists is newer vehicles are inherently better for their wallets – and the environment. But, when it comes to paying for a new car, many people don’t have the amount of money readily available to pay for it outright and in one lump sum. Thankfully, there are many cost-effective ways to get behind the wheel of a new vehicle with car finance. A car loan enables motorists to finance a new car by spreading the amount required over several affordable monthly payments. General information about getting a

How many years should you finance a car for? How do I get a good deal? Finding the right car can be a challenge, but once you’ve found it, you can’t wait to get your hands on it. But finding the right car finance can be an even greater challenge. There are a lot of questions to answer, but at Awesome Car Loans we can help you find a great deal. It’s important to apply for the right car loan based on your circumstances and what’s right for you. The number of years you finance your car will depend on your income and other outgoings, as well as your affordability. Finding the right car loan should be a fast and simple process, helping you get your hands on your new keys quicker. Let us help you get started with financing your new car. Choosing the right car loan Choosing the

Finding a suitable finance agreement to purchase a vehicle is hard work at the best of times, but can feel infinitely tougher when looking for a car loan with bad credit. However, there’s no need to start waving the white flag. Financial options may be available. Here’s everything you need to know about the process of trying to get a car loan with bad credit in Australia. Why Does Bad Credit Impact Your Chances? Most people acknowledge that low credit scores, especially those below 509, will impact their opportunities to take out a car loan, but many fail to appreciate the reasons for it. Essentially, you need to put yourself in the shoes of a lender. If you have a history of missed payments, it statistically increases their risks. Lenders know that a larger percentage of applicants with bad credit will default or fall behind on payments. Therefore, they have

Can I Apply for a Car Loan Online? Instead of going to the dealer and hoping for the best, car buyers would like to know whether they qualify for a loan ahead of time. One of the best ways is to apply for a car loan online. Many lenders allow you to “pre-approve” your application, meaning that you can have the finance you need ready to go before heading down the dealership.  The benefits of applying for a car loan online are many. Not only do you avoid having to go through all the paperwork, but it also saves you time. Plus, buyers who have already applied and have received loan pre-approval dramatically improve their negotiating position. Is it Better to Apply Online or In-Person? For many of you, especially those of you who are computer-savvy, applying online is the better option. In general, it is more convenient than trying

Even though it would be great to have a brand new car, the reality is many people can’t afford to get one. However, most of those same individuals could afford to buy a used car which is only a few years old. Of course, not everyone has the funds to purchase a nearly-new vehicle outright. In those cases, it makes sense to spread the cost over a number of affordable instalments with a used car loan. If you’ve never got a used car on finance before, the chances are high that you’ll not be fully aware of your options. Nor will you know how to choose the best finance deal for your needs. Getting behind the wheel of a nearly-new vehicle and paying for it through an affordable finance plan is quite simple. Here’s what you need to know about financing a used car. General information about getting a loan

Whether living on campus or enjoying a house share, the student life offers millions of students their first glimpse of true independence. Purchasing a car takes those vibes to a whole new level, adding the convenience and practicality needed to juggle student life with a part-time job and other goals. However, finding the money for a vehicle isn’t easy. Car loans are the obvious alternative. So, can students get a car loan in Australia, or are they forced to seek alternative solutions? Let’s find out. Car Loan Regulations In Australia While the age restrictions for driving in Australia vary from state to state, the fundamental eligibility requirements for taking out a car loan are universal. As a student, you will need to satisfy the following criteria; Be at least 18 years old, Be an Australian citizen or live permanently in the country, Have a job or verified regular source of

Leasing and financing are two of the most common options when it comes to purchasing a vehicle. In most cases, leasing offers a number of advantages such as cheaper recurring payments, ability to switch models more easily and also included maintenance packages. However, leasing effectively means that you’re renting the vehicle. This limits what you can do with the vehicle and you’ll even have strict mileage limits that prevent you from using it too much. If you want more freedom with your vehicle and peace of mind knowing you actually own the vehicle, then we suggest financing your vehicle instead. You can modify it, drive it where you want and even sell it if you want to. It even works out cheaper at the end if you don’t plan on constantly switching your main vehicle. Another good reason why financing is popular is that it gives you the option of

Should I finance a car or pay cash? It’s one of the many decisions you’ll face when buying a car, and the answer depends on your personal circumstances. If you’re in a fortunate position to buy a car in cash, then you could save yourself a lot of money on interest rates and repayments. It’s a wonderful position to be in, but how many of us readily have the cash available to buy a car? Financing a car is a common choice, with people choosing to spread the cost of a car over several years. While this does mean that you’ll pay more money in interest, it can be a better solution for managing a budget and making a car more affordable.  Should you choose to pay in cash or get finance for your car? The following guide can help you make the right decision for you. Finding the right

Buying your first car as a young driver is one of the most exciting things you’ll ever do. However, there are a number of potential obstacles standing in your way. Financial limitations are, understandably, a very common problem. Car loans, otherwise known as finance agreements, are naturally a very attractive prospect for drivers of all backgrounds. But can you actually get a car loan at 17 in Australia? Here’s all you need to know. Driving At 17 In Australia Before looking at potential car loan opportunities, it’s important to acknowledge the driving age regulations across the country. Driving laws do vary between the different states and territories. The following stipulations are currently in place; Australian Capital Territory (ACT): 17 years to drive unsupervised, or 15 years and 9 months as a supervised learner. Northern Territory: 16 years and 6 months to drive unsupervised, or 16 years as a supervised learner.

6 Ways to Manage Your Car Loan When it comes to buying your own car, it’s no secret that obtaining finance in the form of a loan can be an attractive option. Having the cash to hand without having to save up or deplete your resources (as well as having the ability to choose the car you really want without having to settle depending on your budget) can be a major benefit – and having options such as selecting a repayment tenure to suit you can ensure that you never go out of pocket. With all this in mind, it may be worth considering car finance, so let’s take a look at how best to manage this kind of loan option. Set a budget While you might not think that you need to set a budget for a loan, the reality is that doing so may help you to manage

Tips for Buying a New Car So, you’re looking to buy a nice new car, but you’re finding yourself facing one of the biggest dilemmas imaginable – and that’s where on earth do you even begin your search? With so many options out there and new models to choose from, we understand just how daunting the situation can become. That’s why we’ve prepared some of the most helpful tips for buying a new car. Plan your purchase In this instance we aren’t referring to planning financially; but when it comes to the time that you buy instead. It’s well-known that at the end of each month, most showrooms will be keen to shift their older stock, and this can be the time to swoop in and snap up an appealing deal. Choose your model wisely Unless the car has an ANCAP rating of 4 or above, you might want to

How to Avoid Dealer Tricks When Buying a Car If there’s one thing that new car buyers end up regretting, it’s not reading between the lines when it comes to purchasing from a showroom. As friendly as the agents representing the firm might be, they are all after one thing – and that’s as much of your hard earned cash as possible. Unfortunately this can result in buyers being swindled in one way or another, so if you’re keen to minimise your concerns, here’s a guide on how to avoid dealer tricks when buying a car. Low interest shouldn’t always capture your interest Just because a certain deal offers low or 0% interest on a particular model, it doesn’t mean that it’s the be-all and end-all of options. For a start, most of these terms will include at least one catch – typically that the sale price won’t be negotiable