The Best Car Finance Options for Your New Holiday Ride

  • Written by Stratton Finance


Whether you’re in the market for a new campervan, a trusty 4X4, or a reliable car to pull the caravan, you’re going to need some cash to put those new wheels on the road. Now, you could clean out the savings account or sell some of that silverware your dear old gran gave you, but we have a much easier way in mind. Yes, that’s right, car finance and before you roll your eyes, it’s actually a much better option than you think.

What is car finance?

As you probably know car finance is when you borrow the money you need to buy a car from a bank or finance company. You then repay the money over a period of time which usually runs from one to seven years. The lender charges you interest for the term, and you get a new car on the road. Happy days.

Why is finance a good idea?

Car finance or even caravan finance is a good idea because it allows you to buy a new vehicle without having to make a significant cash payment up front. Yes, you will have to pay a deposit, but you can often choose how much to pay once it’s over a required minimum. This means that you can keep that nest egg for a rainy day or spend it on more important stuff than a new car or campervan. Your next big holiday for example!

Contrary to popular belief, car finance isn’t as expensive as you might think. With a good deposit and a balloon payment at the end of the loan term, your monthly repayments could be quite affordable. Still unconvinced? Check out this calculator to see what your best car finance repayments could be over your chosen term.

What are my options?

When it comes to car finance, you have a few options.

Unsecured car loan

An unsecured car loan is also sometimes called a personal loan. With this type of car finance, you get full ownership of the car as soon as you buy it and your loan is not secured on the car. You can choose to make your payments over one to seven years, and you can choose either fixed or variable interest rates. This is one of the most popular choices for a loan.

Secured car loan

Also known as a consumer loan, this loan is similar to the unsecured loan in many ways. However, at the outset, while you take ownership of the car, the lender takes an interest in the vehicle as security over the loan.

Novated lease

The novated lease is an agreement between you, your employer, and your lender whereby your employer takes on the responsibility of making your loan payments. Now, this doesn’t mean that they are paying your loan, it just means that they will take your repayments out of your wages before you pay tax. Yes, we said before you pay tax. This was once considered a company car package, but it is anything but. All you need is an employer who is willing to help you out, and you’re good to go.

The novated lease is popular with car drivers, but you can talk to your finance broker to see if you can use this type of finance if you are buying a campervan.

 

So if you’re seriously thinking about a new campervan or a car to pull that caravan, then give some consideration to finance. It’s one of the simplest ways to get your hands on a new vehicle without wiping out your savings. Besides you need those savings for all the awesome holidays you have planned, right?

As Australia's largest car finance broker, Stratton Finance know a thing or two about loans and finance. With over two decades of experience in the field they are one of the most trusted authorities in the industry.

 

Bellagio Spa & Salon Introduces the Ultimate Indulgence: Jewel of Bellagio

LAS VEGAS – Bellagio Spa & Salon is adding gleam and glimmer to pampering on the Las Vegas Strip with the introduction of a full-body, 110-minute ...

Perth Day Trip ‘Must Sees’

Perth may be one of the most isolated cities in the world but it has plenty of exciting and interesting attractions right here on its own doorstep, so...

Why Australia should be your next snow holiday

Why should Australia’s Alpine region be on your ski/board Holiday list? Because it is the best! Most people think of a barren desert filled with Ka...

Best Online Places to Play Pokies for Real Money

It’s a whole process to find and stick with a certain online casino that offers the best real money pokies on the market. Especially in this day and...

Rydges South Bank’s Easter Eggscape

April and May in Brisbane is more than just bunnies, chocolate and long weekends (not that we’d ever complain about chocolate!). It’s also about int...

Riviera Travel launches 2020 program of European river cruises

New ship, two new cruises and 73% jump in Australian bookings as Riviera Travel launches 2020 program of European river cruises Supplement -free fa...

Top tips on how to bag the cheapest airfares for your next holiday

If you are thinking about taking a holiday or doing some type of travel in the near future, you are not alone.    Australians do a lot of travel, ...

Regional New South Wales shines as winner of OTA tourism

Expedia Group data highlights the fastest growing regional towns for international demand   March 2019, AUSTRALIA -- Expedia Group has released ...

Travel Ideas and Inspirations For Luxury Holidays & Short Breaks


At Holiday Centre, we use our travel media insider knowledge to collate and showcase World and Australian travel opportunities. As travel writers, we are well placed to assist with information and priority bookings. We’re specialists in package holidays, short breaks, exciting activities, and accommodation choices. Our deals and travel products originate directly from travel providers as well as travel consolidation partners such as Rezdy and are always up to date. Book holiday elements that are selected by Holiday Centre's accredited travel journalists and their support staff? Choose from unbeatable bonus value offers on accommodation, flights and transfers, spas, tours, exclusive experiences and more. Take a look around or contact our Holiday Experts to find out more. Holiday Centre holidays are just a few clicks away or call!

HolidayCentre.com



1300 205 504

Book Adventures & Holiday Activities



.