Tweed Heads Gold Coast
Finance Solutions at Cricks Tweed Mitsubishi
One of the easiest and quickest ways to get behind the wheel of a new Mitsubishi SUV is with car finance. Historically low interest rates are going to be around for some time, so arming yourself with information and being smart about the way you borrow can really make a loan work for you.
*This offer applies to approved applicants who obtain a finance pre-approval with one of the lenders offered at Cricks Tweed Mitsubishi prior to purchasing a vehicle. The vehicle must be funded by way of the loan offer obtained by Cricks Tweed Mitsubishi. This does not apply to loans taken with an external lender or Broker. A pre-approval means your application has been approved, subject to the conditions specified and documentation requested by the lender, which will be required to finalise the approval. All applications are subject to the lenders criteria and a pre-approval is not an offer of finance until such time as a vehicle has been selected and the lenders conditions have been met. On settlement of the loan Cricks Tweed Mitsubishi will pay the amount equal to your first monthly repayment into your nominated bank account. Maximum amount payable $1,500.
Which loan is right for you?
Most car loans range from one to seven years. You can choose the term of your loan, and whether you make weekly, fortnightly or monthly repayments. Some loans also offer the flexibility to make extra payments so you pay it off sooner and reduce the amount of interest payable.
Speaking of interest, you can also choose between fixed or variable. A fixed rate gives you the peace of mind and certainty of knowing exactly what your repayments will be. A variable rate moves with market forces and lenders may push them up or down at any time. Most people prefer fixed rates because they’re so much easier to budget for.
You can also opt for a secured or unsecured loan. A secured loan uses the car your purchasing as security. Because there’s less risk for the lender, they’ll offer you a lower interest rate. However if you don’t make loan repayments, they’re entitled to repossess your vehicle and sell the asset to recoup costs.
On the other hand, an unsecured loan relies on your creditworthiness alone. If you have a great credit history or credit score you may wish to explore this option. But since the lender has no collateral on the funds borrowed, an unsecured loan is usually hitched to a higher interest rate.
What should you bring?
A few formalities come with all forms of finance. So whether you’re applying for funds at a bank or your preferred dealership, be prepared with these documents:
- Drivers License. (Well, that makes sense!)
- Two of your most recent payslips (plus your partner’s if they’re also on the application).
- If you own your home, a council rates notice in your name.
- If you rent a home, a copy of your lease or landlord’s details.
- In most cases you need to have been employed on a full time or casual basis for at least six months.