Getting the best deal isn’t always easy

Let’s say you’re looking for a washing machine on Gumtree. It’s listed for $500, and you ask the seller whether he’d take $450. He simply responds, ‘keep dreamin’ (sic) and you feel sad and don’t respond.

You know what we say to nasty old Gumtree man? Stuff him! It’s only natural that you’re trying to get the best deal.

That’s why, when it comes to getting the best car loan, we’ll gladly help you out. Today, we’ll give you 3 major tips on how to get the best car loan and we’ll tell you who to talk to first.

1. Figure out your ideal term

The first tip in securing the best car loan is working out your ideal car loan term. Take into account all your other major expenses, like rent, insurance, bills and any other loans you’re paying off. Set aside an amount for your car loan repayments, and then set aside a little more just in case. This will help you determine how quickly you’ll be able to comfortably pay off your car loan, provided your income stays the same.

Remember that longer terms equal lower regular repayments, but that they also equal more money paid in total due to more interest accrued.

2. Insurance

Wrapping your head around the wonderful world of insurance is essential when getting yourself the best car loan. Insurance payments will be a primary cost to account for, so it’s important you work them out early. Let’s take a look at a few different insurance options below:

  • Comprehensive – we all know what comprehensive car insurance is. This policy means it covers both the other driver’s car and your car if you’re involved in an accident.
  • GAP insurance – GAP insurance can be a lifesaver. Let’s say you’re financing your car and it’s unfortunately written off while you still owe money on it. It may be unlikely, but it certainly can happen. GAP insurance can save you thousands of dollars in this scenario by covering or reducing the gap between your finance payout amount and the insurance payout amount.
  • Consumer credit insurance – CCI protects you if you’re suddenly unable to meet your loan repayments due to unemployment, injury or death.

3. Shop around

Don’t just go with the very first car loan you’re offered. Take a look around and see what’s out there! If nasty old Gumtree guy calls you a dreamer, laugh in his face and prove him wrong. You can get the best deal on your car loan, and it begins with talking to Fingo.

Streamline the process with Fingo’s car finance

Fingo are Australia’s most helpful team of car loan specialists. With over 20,000 happy customers across the country, Fingo can help you get the best car loan possible.

Our experts will assess your needs, figure out the boring stuff for you and will put you behind the wheel of your new whip! Have a chat with our team today, or book a time to chat when it suits your schedule.

Fingo Finance