Get in touch to discuss your current financial situation and goals, in person or online.
We’ll research our panel of banks and lenders to create a shortlist of asset finance solutions that suit you.
Once you’ve chosen a lender, we'll get you pre-approved so you know your borrowing capacity.
With pre-approval under your belt, you can finally start looking for your new ride. To take the hassle out of the hunt, we can also set you up with simple to use car buying services.
Once you’ve given your new ride a test drive and have decided on your new set of wheels, we’ll work to secure finance from your lender.
Now, all you need to do is make an offer. If all is well and good, simply pick up the key and drive away (into the sunset, of course).
You provide collateral (such as the car or property) as security against the loan in case you can’t afford your repayments.
Lenders typically offer lower rates for secured loans (vs an unsecured loan) because there is less of a risk to them.
No additional security (e.g. your car or property) is provided against the loan. Instead the lender will rely on your credit score when they decide whether or not to approve you for the loan.
Interest rates can be higher than a secured loan and you might not be able to borrow as much.
Your interest rate and repayments will stay the same during the fixed term of your car loan.
You choose to pay a larger sum of the loan value at the end of the loan term. The sum you pay is usually based on a fixed percentage of the total loan value.
Reduce your repayments when you first start paying off the loan.
Consider how this will affect the amount of interest you pay over the life of the loan and the total amount that is left to pay at the end of your monthly repayment term. The remaining sum will need to be paid in full in one lump sum.
We can help you understand whether this approach suits your needs and run through the considerations and benefits in more detail. Get in touch.
Find out how much your car loan repayments will be, and the total interest charged for the car loan.
Compare how your monthly loan repayments will vary based on your balloon payment percentage.
Use this calculator to find out how much your personal loan repayments will be.
A secured car loan usually means that your car will be the security for the loan. For example, if you don’t pay the loan repayments in time, the lender could step in and repossess your car.
An unsecured loan on the other hand means that you don’t need to provide your car as security. In saying that, the interest rate could be increased and your borrow capacity could then decrease.
When you purchase a new car there are more costs to be aware of than the car loan itself, this includes stamp duty, registration, car insurance and running costs. I can help you weigh up how much your new car will cost and explore ways to bring these costs down.
To set your negotiating skills into overdrive – you should get pre-approved for a car loan before you head to a dealership.
Pre-approval will tell you – how much you can afford, how much your repayments would be, what type of interest rate you can get and the loan features that are available to you.
Call us: 1300 366 287
Email: hello@17thave.finance
Address: lvl 5 151 Pirie street, Adelaide SA 5000
Make it happen. Whether you’re buying your first home, upgrading to the next one, refinancing, or financing a car, we’re ready when you are. Share your goals with us & we’ll connect you with a broker who works for you.
