What are the benefits of financing a car?
It’s no secret even a second-hand car can be a pricey purchase and not one we can always plan in advance for! Cars play such a big part in our lives – getting to work, the kids to school or even just doing the groceries. They help us be more independent. So, if you find yourself in a sticky situation when your car breaks down (or worse) and you don’t have the cash to buy another right away, we know it can be stressful. But luckily, getting back behind the wheel doesn’t have to be with the help of a car loan.
Did you know, a recent Finder Survey revealed 39% of NZers don't have emergency savings to fall back on and with a reliable second-hand car setting you back around $8,000, car finance can help you hit the road with confidence and peace of mind!
1. Safety and reliability
When choosing a car, safety and reliability should be top of your list! As we said, the average cost of a good quality second-hand car is around $8,000 and with a little extra cash behind you, you’ll be able to prioritise the safety of your family and purchase a better car.
Plus, a more modern car is often more cost-effective in the long run too so you won’t need to spend as much on maintenance or repairs – win, win!
2. Purchase as if you’re a cash buyer
Purchasing a car with cash always comes with perks like negotiation power and added extras. With a car loan approval from us, you get the surety you have the same power as a cash buyer and can unlock extras with your car dealer.
3. Spread out the payments
When you purchase a car with a loan, instead of having to worry about saving for a one-off payment, you get the beauty of spreading out the payments into manageable instalments that suit you and you can budget for.
If your credit score needs work too, making loan repayments with us is an easy way to start improving your credit score right away.
4. Security leads to quality
When you finance a car, the vehicle is used as security for the loan. So, it stands to reason that the better the car, the better the lender will feel about the security and the more likely you are to have a reliable vehicle to get you where you need to be.
We can even match a car to your lifestyle needs and budget with our mates at EasyDriver and as a registered motor vehicle trader with one of the best-in-class nil excess warranties around, we know they stand behind their vehicles.
5. No deposit required!
Yep, you can even borrow 100% of the purchase price! We know life happens, so if you find yourself in urgent need of some new wheels, check in with EasyDriver. You can pick up a car with no deposit backed by a car loan from us, so you can drive away in a car that’ll get you where you need to go, without having to worry about forking out anything up front.