• Advice

How to get a car loan?

How to get a car loan

What happens when your trusty car you’ve had for years breaks down, and it’s either going to be too expensive for repairs, or it’s too far gone and better to buy a new one. What do you do? This type of unexpected expense can throw a spanner in the works of your family budget, so you may need short term help with a car loan to get you back up and running . Without a car, you may struggle to get to work, drop the kids at school, and the numerous other things you need to do, so you need a solution fast, and this is exactly how Crester Credit can help. A car loan can help get you back on the road quicker.

The next challenge is to find out what to look for in a car that will save you money in the long run. Select a car that won’t break your budget with the help of this handy guide.

Choosing the Perfect Car

Choosing the perfect car is no easy task. There needs to be room for everyone, a great safety rating, fuel efficiency, and so much more.

We have gathered a list of top tips for saving money in the long run when you’re selecting a car. To make choosing a car that much easier, let us break down for you what you should be looking for so once you’ve been approved for your car loan, you can make a decision without delay.

Inspection

We know it’s another upfront cost that you’ll need to pay but getting an inspection can prevent you from buying a lemon. You don’t want to end up with a car that will cost you more in the long run with repairs and damage you had no idea about. It’s almost better to borrow a car loan for something late model, rather than buying another old vehicle that’s bound to have issues.

Safety Rating

Safety ratings of vehicles can be found on the Right Car NZ website. The higher the safety rating, the safer you will be if you end up in a crash. Look for a car with airbags and test out the seatbelts to ensure they are functional.

Brand

Some brands are known to be more reliable than others. You will notice that some makes and models of cars are more prone to breakdowns. You can find out more about that which cars are the most reliable here . Some foreign cars may be dependable; however, it can be more expensive to replace the parts of these cars, and that’s partly because shipping them to New Zealand can be costly. Ensure that you do your research thoroughly before choosing a vehicle.

Fuel Efficiency

These days, cars sold in New Zealand will have a fuel efficiency rating. The more stars in the rating, the more efficient the vehicle is. Just by buying a car that has lower fuel consumption, you can end up saving thousands of dollars a year. Look up some ways to save on fuel by entering the number plate or car model of the vehicle you’re considering on the Energywise website .

Budget

Depending on your income stream and other debts, when applying for a car loan, we will let you know how much you can borrow. This will give you a budget to work with when you’re choosing which car will suit you the best.

The more we know you can pay off, the higher your car loan and budget for buying a car could be. Second-hand cars can be a great choice as they have depreciated and will be far cheaper than buying a brand new car. Look for one with low mileage and late model, as these are less likely to break down or need repairs.

Application Process

Apply for a car loan with Crester Credit and we can help you get where you need to go fast. We have helped many of our Kiwi clients who’ve found themselves facing similar situations. Applying for your car loan is easy – here’s the process you go through at Crester Credit:

Online Calculator

You can find out what your repayment schedule could be by using our online car loan calculator. Use it to find out what your ideal amount to borrow is and how much you’d have pay per week.

Apply Online

Simply fill out the 1-page application form. It won’t take long to fill out. To be eligible for one of our loans, you just need ID and proof of address. If you have these, you are welcome to apply.

Check

One of Crester Credit credit experts will analyse your application for a car loan. They are looking to see that the repayments are realistic for your income. Within just 24 hours, you will hear from one of our advisors to let you know if your loan was successful. If they approve it, you can sign online and get it done quickly.

Choose Your Perfect Car

After you’ve signed for the loan, you’ll see the money in your bank account within 24 hours. Now you can focus on what’s important – picking out your dream car.

Why Choose Crester Credit?

At Crester Credit, we believe in providing fair, up-front rates for our car loans. Transparency is crucial so that you can make an informed decision about your finances.

We provide customer service that goes above and beyond. We care about our customers and treat you as a person, not a number. That’s why we assess each application individually on its merits. Even if your credit score isn’t great, you may get a loan with us if we think it’s realistic that you can pay it off.

Contact us now to discuss getting a car loan and we’ll get you zooming around Christchurch again in no time at all.

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