FinanceNEXT offer you the most the competitive rates and repayments in the market today working within your budget to get you the best deal.
With exposure to specialised lenders and their loan products we are in the perfect position to always organise the perfect loan for you.
Secured car loans work by using the car as security.
By offering the car as security, risk is lowered, and therefore many lenders will offer you a better interest rate than a bank.
Secured car loans are an advance of funds with the sole purpose of purchasing of a motor vehicle, with the funds provided specifically for the purchase of a car and not for any other purchase.
On the purchase the car you take ownership, with your finance provider takes an interest in the car.
This means that if you default on the loan repayments the finance company is entitled to repossess the car to recover any outlay of costs.
On completion of the payments the finance provider passes title you.
Secured – this means your car is collateral for the lender. You are provided the loan because you have a car as security.
Term / Length of the loan – in most cases you can choose the time you have to pay off your loan. It gives you the flexibility to choose a short or longer term to make your repayments suit your budget.
Balloon or residual payment – this is the last payment after you have been paying off your regularly scheduled payments (if you choose this type of loan). Balloon are generally used to reduce monthly repayments.
We are happy to answer any of your questions and, with our easy & affordable payments plans, getting you the money for your holiday, new vehicle or whatever you need it for may much easier than you might think.
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