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

Car Examer

This can result in agreements that cost you more than you expected or leave you stuck with terms you didn’t fully understand. Vague or Misleading Terms: Key details like balloon payments, mileage limits, or early termination fees aren’t explained properly. The result? How Big Is the Problem?

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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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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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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.

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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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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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