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The new year is finally here which could very well mean that you are in the market for a new vehicle for you or your business. When you are searching for a new car, it is important to work with a financial broker who can offer you various options from different lenders who specialise in vehicle finance. By using a broker who works with an extensive group of lenders, you will have the best chance of finding the best car loan option for your needs and for your budget.

The Next Steps

So, what steps should you take to get a loan for a new car on the Gold Coast? Firstly, you need to contact a reputable financial broker to discuss your requirements. This will allow the broker to get the right quotes from their pool of lenders. The broker will need to understand some details about your car needs in order to provide you with a precise quote. Details such as the car price, the model and age of the car and whether the car will be purchased from a dealer or if it is a private sale. Some other details to consider include your projected loan term, whether the car is for business or personal use and whether you are a homeowner.

Once you have selected the quote that is right for you, the broker will require you to provide all relevant supporting documents as well as relevant signatures that are necessary on the application form. You will then need to sign the loan contract once the lender has approved the loan (usually within 24hrs). The final step is when the lender settles the loan and funds are provided to you so that you can drive away in your new vehicle.

The next time you are thinking of taking the exciting step of buying a new car on the Gold Coast, choose ZEP Finance. We have an expansive list of specialist vehicle finance lenders that give us the ability to tailor a new car loan on the gold coast that will suit your specific needs.

Car leasing continues to become a more viable option for obtaining a new car on the Gold Coast, especially for salaried employees who generally opt for a novated car lease. It is an option that allows for monthly payments to be deducted from your pre-tax salary. In general, leasing a car is a great option for drivers who are not interested in  committing to a lengthy car loan in order to drive a new car.

In this article we explore some of the realities you should be thinking about when you are in the market to lease a car.

Below we have highlighted a list of advantages to opting for leasing a car:

⠂Novated leases enable you to save money on taxes.

⠂You save more money because you are not paying GST on purchasing a car and the running costs thereof.

⠂Leasing companies that can offer you the novated leasing option can provide larger discounts because of their purchasing power.

⠂You are not obligated to purchase the vehicle after the lease period comes to an end.

⠂You are not required to pay a deposit on the lease.

⠂Car maintenance and upkeep is hassle-free.

On the other hand, we have also identified some harsh realities that come with the decision to opt for leasing a car:

⠂You are not allowed to make any modifications to the car with most car leasing contracts.

⠂Because you don’t have ownership of the car, you cannot leverage it as an asset.

⠂You can be liable to pay heavy penalties for exceeding lease cars’ strict mileage caps.

⠂You can be liable to pay heavy fines in the instance where you terminate your lease contract untimely.

Making the decision to lease a car can be daunting, so it is important to find the right experts to provide you with the guidance you need to make a decision that works for you and your budget. Call us today at ZEP Finance Gold Coast on 1300 557 027 to get expert and quality advice for your next car lease. Our consultants are ready to assist.