Cheap Loans to Buy a Family Car
Buying a new family car is a very exciting prospect but with so many models on the market in that category and many family budgets under some form of pressure, it can also be overwhelming. At Jade Car Loans we work with loads of families every year to assist them get into the car that suits their requirements with a cheap car loan that also suits their requirements.
Before you head off to the dealerships or online to browse new cars, we share some hints and tips on selecting your family car and how we can assist with your car loan.
What comes first – the car or the car loan? At Jade Car Loans it can be either. You can first choose your car and then apply for your loan or you can contact us before you start looking and we can look at a pre-approved loan for you.
A pre-approved car loan is the same as a standard car loan except that it is arranged before you confirm what car you are buying. You contact Jade Car Loans and apply for your loan based on an estimate of what you think your car might cost. That’s fairly easy to work out these days with most new car websites advertising prices.
Your Jade consultant will source you a quote based on our cheap interest rates and on acceptance of that quote we will process your application through the approvals stage. You will then know you have been approved to purchase a car up to that value and you will know what your monthly repayments will be.
So you can buy a car to suit your budget instead of vice versa. It’s a great way to go about buying a new car and more and more buyers are opting for pre-approved finance to streamline their purchase process.
Tips for Choosing a Family Car
Doing your research on manufacturers and models is not difficult with many good websites offering authentic reviews from independent experts such as Drive and Car Sales. This applies to both new and second-hand cars.
Depending on the size of your family you may consider a sedan, hatch style station wagon, SUV or even a mini-van.
SUVs have become extremely popular for many reasons – they fit a lot of people and loads of the family sports gear, toys, shopping and other paraphernalia. However, be careful that you are not paying for functionalities and capabilities that you will never use. Some SUVs are truly urban, on-road vehicles while others have four wheel drive and off-road capabilities. If you never intend to head off-road, opting for an on-road may save you money.
SUVs are very popular for the higher positioning and hence visibility. But if you’ve never driven one before, it’s advisable to take a test drive to ensure you adjust to that driving position.
Hatches usually win over sedans with families. The accessibility through a wide-opening rear hatch can be invaluable to a busy family.
If you have newborns or children in car seats, ensure the vehicle not only has enough space for the seats but wide opening doors for easy access.
Clearly you’ll need enough seating for your family but also consider engine size. The large the engine capacity usually the larger the price tag. If you’re main driving is around town and for private use, a 4 cylinder car may save you and quite adequately handle your requirements rather than a more expensive 6 cylinder.
For all road users safety is the highest priority. Ensure your car has a high ANCAP safety rating. You can check the ANCAP website for all vehicles.
Other features to look out for are the number of airbags as well as new safety systems such as reversing cameras and park-assist systems. If parking is an issue for you (no judgment!) then park assist may save you on repairs for those car park indiscretions.
Used Car Checks
If buying a second hand car do your research and all the necessary checks. Preferably get an independent professional to do a complete check such as is offered by organisations such as NRMA.
Your Jade Car Loans consultant can assist with REVS and other checks for private sales.
Cheap Car Loan Options
For the purchase of a private family car, Jade Car Loans offers the Secured Car Loan. This is a very straightforward car loan format:-
- The lender uses the car as security against the loan.
- Your Jade consultant negotiates the cheapest interest rates for you, which are then fixed for the full term of your car loan.
- The loan term is fixed.
- The monthly repayment is fixed so you can plan your monthly household budget.
Your Jade consultant will handle the entire process for you including much of the paperwork and explain every stage of the process. So we save you time and money when it comes to buying the family car.
To discuss a cheap car loan for your next family car, speak with a Jade Car Loans consultant 1300 000 003
DISCLAIMER: THIS INFORMATION IS PROVIDED FOR GENERAL PURPOSES ONLY. ALL REFERENCES TO GOVERNMENT POLICIES, SCHEMES AND INITIATIVES IS SOURCED VIA OFFICIAL GOVERNMENT DOCUMENTS, MEDIA RELEASES AND WEBSITES. DETAILS ON VEHICLE SPECIFICATIONS ARE FEATURES ARE SOURCED FROM MANUFACTURERS’ WEBSITES. NO LIABILITY IS ACCEPTED FOR ERRORS IN THE REPRESENTATION OF THE INFORMATION AS SOURCED. ALL PERSONS ARE ADVISED TO CONSULT WITH THEIR ACCOUNTANT OR FINANCIAL ADVISOR FOR PROFESSIONAL ADVICE ON THEIR SPECIFIC CIRCUMSTANCES.