Should you pay cash or finance your new car?

  • 📰 7NewsSydney
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Motoring News

Business Business Latest News,Business Business Headlines

7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.

You’ve decided to treat yourself to a new car, congratulations! After picking out your dream machine, the aim of the game turns to negotiating a deal that suits you both now and in the long term. There are two main options when it comes to paying for a new car: you can either pay the full sum upfront, drawing on existing savings, or you can opt for a finance package that involves taking out a loan and making periodic payments over a set term.

A loan can be obtained from either the finance division of a car dealer, or from external lenders. This method of acquiring a new car is becoming increasingly popular, according to industry insiders. “Going off last month’s results, anywhere between 50 per cent and 60 per cent of our deliveries are financed,” a Western Ford spokesperson told CarExpert. “There are many different ways that someone can structure a finance loan.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in BUSİNESS

Business Business Latest News, Business Business Headlines