Is a secured car loan for private use my best car finance option?
When deciding which car loan option is best for you, it is important to consider what you will be using the car for primarily.
If your new car is for your day to day use such as personal transport, picking up the kids from school or the local shopping run, then a secured car loan is likely to be your best car loan option.
How does a secured car loan work?
A secured car loan is the most popular car loan product for individuals and private buyers. The car finance provider will lend you the money to buy your new car, using the car as security. Once you make the final repayment you will own the vehicle outright.
Who should choose a secured car loan?
A secured car loan is a good option for a private buyer that uses their car primarily for personal use, that does not have the option of a salary packaging a new car via a novated lease.
Some of the benefits of using Yellow Loans for your best car finance deals.
Fast and Easy Approvals
Access to the best car loan interest rates
Flexibility loan repayment periods from 1-7 years.
The option of a balloon payment which is a lump some payment at the end of the loan, to reduce your monthly repayments.
Access to fleet discounts on new car purchases using our new car buying service partner.
Over 20 years experience in finding our clients the best car loan options.
What's the Yellow Line?
A secured car loan is a good option for a private buyer that uses their car primarily for personal use, that does not have the option of a salary packaging a new car via a novated lease.
Behind buying a new home, a new car is likely to be the next largest financial decision you will make. There are a vast range of products and banks are extremely competitive. It is best to seek professional financial advise to ensure you obtain the most appropriate home loan product for your needs.
Yellow loans has a vast range of lenders with a range of products to achieve the best results on obtaining the best car loan deals for you. You can contact us here and we can get your future looking bright.
Buying a new car? Save thousands using our in house car buying service
If you are buying a new car, Yellow Loans has an in house car buying service, that will save you time and money by using our buying power and car buying expertise.
Contactless Car Buying
Free service to buyers
Better than fleet discounts on all makes and models, Australia wide.
Save up to 22% on new cars makes and models
Straight from the manufacturer
Priority vehicle allocation
Delivered to your door with a full tank of fuel