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Guide to the Common Dealership Terms When Buying A Car

Car Examer

Here’s a straightforward guide to the most common dealership terms you’ll hear at UK dealerships. Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. It’s often called the balloon payment. Book inspection 1.

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How you can save by getting an EV on a novated lease

CarExpert

100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Below are figures based on a person in Victoria earning $130,000 a year and planning to travel 15,000km a year with a lease term of five years. Weekly payment (incl. Browse now.

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How does dealer finance work?

CarExpert

And does it make sense to pay cash or take a finance deal? Any car finance deal involves taking out a loan with a lender to cover the purchase price of the car, and agreeing to pay it back in instalments, plus interest, over a set period. There are several financial decisions involved in purchasing a new car. Can you afford one?

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Should you pay cash or finance your new car?

CarExpert

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. You might choose to put a deposit against the car, or if it’s purchased by a business, a better option might be to select a balloon payment at the end of the loan to reduce ongoing payments.

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HP Car Finance – Ultimate Guide

Car Examer

It’s important to check the terms and conditions of your agreement. HP Car Finance vs. PCP vs. Leasing PCP (Personal Contract Purchase) Lower Monthly Payments : PCP generally has lower monthly payments compared to HP. Flexibility : PCP offers more flexibility if you’re not sure about keeping the car long-term.

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

Car Examer

Car finance mis-selling happens when dealers or lenders don’t give you the full picture about the deal you’re signing up for—or worse, when they intentionally mislead you. This can result in agreements that cost you more than you expected or leave you stuck with terms you didn’t fully understand. The result? How Big Is the Problem?

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Is buying an electric car on a novated lease worth it?

Drive.com

Either way, your employer needs to be on board, as they need to make the payments to the finance company that arranges the lease. Some employers don’t allow novated leases and some only deal with a specific list of leasing companies. Other employers give you the freedom to shop around for a good novated lease deal.

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