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Car Finance Mis-Selling: What’s Really Going On?

Car Examer

Car finance has made it easier than ever to own a car, with options like PCP (Personal Contract Purchase) and hire purchase helping people spread the cost over time. But beneath the promise of “affordable monthly payments,” there’s a growing issue that’s catching more attention: car finance mis-selling. How Big Is the Problem?

Finance 59
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Should you pay cash or finance your new car?

CarExpert

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. “There are many different ways that someone can structure a finance loan.

Finance 97
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How does dealer finance work?

CarExpert

And does it make sense to pay cash or take a finance deal? Even after crossing those bridges and reaching the conclusion you’re ready to organise a loan for a fresh set of wheels, one question still remains – should you finance through the dealer, or look elsewhere? So, how does dealer finance work?

Finance 75
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Tesla offering 1.99 per cent finance on Model 3

Drive.com

Tesla buyers looking to finance their Model 3 could be eligible for a 1.99 The latter is defined as as a combination of “the interest rate plus certain fees and charges related to the finance”, according to brokerage firm Stratton Finance. per cent finance on Model 3 appeared first on Drive.

Finance 69
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Why Tesla sales have tanked and why the price will keep dropping

CarExpert

That’s the case at the moment for hundreds and hundreds of Model 3 and Model Y vehicles that continue to arrive by boat, but don’t have any buyers attached to them. A recent 7 News story detailed the deluge of Teslas sitting dormant at the docks in Melbourne with no buyers in sight. And in some cases that works.

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Toyota launches subscription-style service for its new electric vehicle

Drive.com

However, the Japanese auto giant said it will have full ownership of the vehicle throughout the entire three-year leasing period, and buyers are eligible to upgrade to a new vehicle or have the option to re-extend their lease of the car once they’ve finished their term. per cent of the total lease payment, making the $1473.80

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Honda Civic Hybrid buyer’s guide

Drive.com

Honda is currently offering finance (until March 31) on all of its hybrid models at an interest rate of 3.88 per cent for 36 months and balloon payment options of up to 45 per cent, with a 5.22 Finance offers depend on your circumstances, so always ensure you contact a financial planner before making any finance-based purchases.