Vehicle loan
Vehicle loan
Did you know vehicle loans are one of Australia’s most common type of personal loans? Mortgage24 can also broker vehicle loans. Vehicle loans cover a wide range of vehicles including cars, 4WDs, motorbikes, business vehicles, boats and even trucks!
Vehicle loans have their perks, they are generally smaller in value and the loans generally have shorter lifespans than mortgages. There may even be less barriers to entry for a vehicle loan. But you should still take the time to find a great loan deal. An expensive loan could cost you thousands of dollars in the long run.
Why do vehicle loans have higher interest rates?
Car loans generally have higher interest rates than homes because of the smaller amount of money loaned. Cars are depreciating assets – they lose value over time –
And therefore a higher risk for the lender. But with a good credit rating, you are more likely to get a approved for a car loan with a competitive interest rate.
Searching for a good vehicle loan, should not be more stressful than looking for a new car. Let Mortgage24 show you the step-by-step process to getting a vehicle loan.
The road to getting a vehicle loan
Help, I need a vehicle loan fast.
Luckily, vehicle loans do not take as long to process as home loans. If you have all your documents ready and know what loan and vehicle you want. Mortgage24 can help you get approved for a vehicle loan within a few business days.
Interested in getting a new set of wheels? Talk to Mortgage24 for a loan today.
As always, if you have any questions, please get in touch with us.