It can be so confusing looking for the right car loan. How do you decide? Is it just the interest rate that you should be looking at?
Short answer is most definitely not.
Most clients ask me what the interest rate will be but this can be quite irrelevant. What it really boils down to is what is the monthly repayment and does this include all fees and charges. Too many times we have done quotes with multiple lenders only to find that the rate is higher with one lender but the repayments are actually lower.
Any quote that FinancialPlus provides for a car loan will be the total cost that you have to pay per month. It will include all fees that are payable. We will also include all upfront fees in the loan so there will be no additional costs there either.
Not everyone does it the same way – they quote a lower repayment but you then have to pay all the extra fees on top of this so it does look better – but it’s not!
The moral – just make sure that when you are comparing quotes, that you are comparing like with like.
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