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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 worth comparing APRs from different lenders, as your credit score and loan term will affect the rate offered.

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

CarExpert

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. MG ZS EV LR Suzuki Ignis Vehicle drive-away price $46,990 $25,286 Upfront GST payable on vehicle price $4034.11 $2140.44 running costs, GST) $253.51 $190.15

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Toyota launches subscription-style service for its new electric vehicle

Drive.com

Toyota Australia said it owns the vehicle throughout the entirety of the lease – with customers eligible to upgrade or re-extend their term. A chart shown on the Toyota Australia pricing configurator notes the vehicle rental payment for the South Melbourne (3205) example as 80.36 per cent of the total lease payment, making the $1473.80

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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.

Finance 59
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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.

Finance 97
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Tesla offering 1.99 per cent finance on Model 3

Drive.com

Based on the terms and conditions on Tesla’s website , the offer applies to these Model 3 variants ordered by 31 August 2024 and delivered by 30 September 2024. The offer is available for finance terms up to five years and is not eligible with balloon repayments. For full terms and conditions, click here.

Finance 51
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What is novated leasing, and how does it work?

CarExpert

Once your lease is done, you’re able to keep the car and pay out the final value, roll into a new lease, or extend the terms of the existing lease. There’s a residual or balloon payment due at the end of the lease, which on a five-year lease is about 28 per cent of the vehicle price.