Finance

[os86]

Folks

Dont be fooled by the advertised rate, dig deep into all the term charges, monthly fees etc etc.

interest rate could be as low as 5% (hypothetically) but when you start adding all the establishment charges, account keeping fees it blows out a fair bit.

For example the Westpac rate 9.49% as advertised but once you include all the associated fees and charges the actual rate is 10.53 which is what they refer as the comparison rate .

So please do some research before you lock you self in car finance.

Its a shame that some people get caught up with all this nonsense without knowing the actual terms and conditions.

[os86]

this is the fine print for the westpac example on their website

* The comparison rate is based on a 5 year secured car loan for a loan amount of $30,000. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

[GC GTS Aero Kit]

We Finance Any Car is advertising 8.99% on new cars

I got mine thru Esanda at the Dealer!!!!! and I mentioned I had a competitive rate of 8% from outside the dealer (a friend) and they were only to quick to offer a better rate than that. So once again shop it around peoples the dealer will want your business

[TRD 86]

Yup most brokers should be able to get you finance with ANZasset finance from 6.99% - 8.99% for a new car. depends on your credit rating though..