Securing a Car Loan as a Casual Worker

car loans for casual workers

Acquiring a car loan as a casual worker can be challenging, but it is achievable with the right approach. Here’s a comprehensive guide to help you understand what you need to qualify for a car loan while working casually.

Why A Quick Car Loan Is the Smart Choice

quick car loans

When it comes to buying a car, you have two main options: paying in full with cash or taking out a car loan. While paying cash might seem straightforward, financing your car offers several compelling advantages that can make it the smarter choice, especially if you’re considering quick car loans.

3 ‘To-Dos’ When Buying a Car

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Buying a new or second-hand car is not something we typically do all that much, so for many car buyers it can be easy to make a mistake. Fortunately, there are some simple steps you can take to help reduce those chances and get the best deal you can.

Fixed vs variable rate car loans

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While most car loans are fixed-rate products, there are also options for variable loans as well.

Deciding between a fixed or variable car loan is a matter of weighing up the pros and cons of each and seeing which is more suited to your situation.

Should you buy or lease a company car?

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Many businesses will require the use of a vehicle for their daily operations. One of the first questions a business owner will need to ask is: Should I buy or lease the vehicle?

Is a secured motorcycle loan worth it?

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A secured motorcycle loan is very similar to any other loan that uses an asset as a form of security.

When you’re looking at your options to purchase a motorbike, your choices are usually to pay cash, take out an unsecured loan or a secured loan.

While everyone has slightly different requirements in terms of what they need, there are some advantages to a secured loan.

4 Mistakes to Avoid When Buying a Car

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Unlike other purchases, it’s not possible to return a car if you get home and decide you don’t like it.

While the dealership might be required to repair any faults, it’s important to get it right at buying time to avoid any costly mistakes.

Should You Lease a Car for Your Business?

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Leasing a car for your business has become more common in recent years, however, prior to purchasing a business vehicle, it’s well worth weighing up your options. There are a number of considerations that you need to make, which might make financing a business vehicle more appealing.

Should You Get a Longer Car Loan?

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In Australia, most people will take out a car loan with a loan term of around 2–3 years. However, it’s possible to get longer terms of up to seven years, and in some cases, even longer.

The Pros and Cons of a Balloon Payment

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A balloon payment is a one-off lump sum that you pay to the lender at the end of your car loan’s term. Balloon payments are more common with car loans for businesses and are a great way to help reduce your monthly repayments and free up cash. However, there are a number of advantages and disadvantages that you need to weigh up before deciding to go down the path of a loan product with a balloon payment.

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