Yes! Finance of New Zealand Offers Five Top Car Loan Tips

Yes! Finance of New Zealand Offers Five Top Car Loan Tips

download-1By Tristan Hooker/MediaPA

You made it through the Christmas holidays in your old vehicle but now it’s time to upgrade to something newer. If that’s what you’re thinking, you’re also probably wondering about the best way to finance your purchase.
Here are five tips from Yes! Finance to help you in the process of getting your car loan:
1. Be careful with your credit rating
Yes! Finance will check your credit history. If you have had credit issues in the past, it need not define your future, as the friendly team at Yes! Finance will listen to your explanation of the circumstances surrounding them. However, if you have a history of consistently not paying your bills, you’ll be out of luck.
2. Work out your budget
Borrowing to buy a car will mean a commitment to monthly repayments. You’ll need to have a clear idea of your income and expenses so you know how much you can afford in monthly repayments. Yes! Finance has a team of qualified lenders who can help you figure out your budget.

3. Get insurance
Insurance is always an important consideration when purchasing a vehicle. Yes! Finance’s team of experienced lenders can discuss your vehicle insurance needs at the same time as working through your loan application.

4. Read the fine print
Buying a vehicle can be one of the largest purchases a person will make during their lifetime. Therefore it’s important to thoroughly read and understand all paperwork, including the fine print. The team at Yes! Finance understands this can be a long and arduous process for some people and will do everything they can to make the process as quick and easy as possible.
5. Consolidate other debts into one loan
If you have existing debts such as credits cards and hire purchase, it can make sense to combine these into one loan. It can not only reduce your total repayments but also make things easier to manage if you have only one monthly payment.
Yes! Finance provides everyday finance for everyday people. They offer competitive rates and strive to keep the lending process simple, professional and friendly.

Contact Yes! Finance:
Website: www.yesfinance.co.nz
Email: info@yesfinance.co.nz
Phone: 0508 10 50 10
Facebook: www.facebook.com/YESFinance