If you’re in the market for a new vehicle either right now or shortly, the hot tip is to get in NOW and place your order. Yes, we stress ‘place your order’ because the news across the motor vehicle industry is to expect delays in the arrival of new models for many brands. Delays are anticipated into 2022 due to the ongoing production issues caused by the computer chip shortage.
Jade Car Loans gives a wrap of car deals, new models, latest offers and buying tips for buyers keen to get a cheap loan on a new vehicle. The global shortage has been playing havoc with production schedules for some time and delayed many launch dates of new releases in the Australian market. But several 2021 launches have arrived including the Audi A4 Allroad and Q5, BMW 128i, M3 and X7; as well as several new Ford Ranger and Hyundai models to mention just a few.
Buyers seeking new vehicles will be well-advised to get on the phone with dealers to discuss the current and/or expected availability of the vehicle of their choice so they can make their purchasing plans. Jade Car Loans supports pre-order buyers with our pre-approved car finance. Pre-approved loans are available across our business loan portfolio and at the same interest rate as finance arranged after a purchase commitment has been made.
Pre-approved finance does have a timeframe which our consultant will discuss with you. If that timeframe expires before the arrival of your vehicle and finalising your purchase, the loan would need to be re-quoted. However, with the loan application already passing through the initial approval stages, the review and re-assessment process could be considerably streamlined.
This type of finance does give buyers a great indication of what they are approved to borrow and hence a good guide to what vehicles to consider. To discuss this further, contact us.
New Model Heads-Up
We took a quick scan across what deals are currently available and what is expected later in the year – computer chips allowing!
Mitsubishi Outlander is a very popular mid-sized SUV and the new model due later in the year comes with new features in tech and safety. But reportedly with a price hike. An added reason to ensure you secure the cheapest interest rate finance on this purchase. But worth checking out for the new, bold styling and the more luxurious touches.
Subject to delays and with a manufacturer’s advisement to contact your dealer for availability is the new Mitsubishi Eclipse Cross plug-in hybrid.
Special deals on the Eclipse Cross ES have been noted by certain dealers. The offers included drive-away pricing which includes significant discounts on on-road costs of rego and stamp duty.
Sure to attract plenty of attention will be the new Chevy Silverado HD from GMSV which is due in November. Local pricing has been announced so prospective buyers can start inputting figures into our loan calculators to work up estimated repayments on finance. November is not that far out, so starting your pre-approved finance application now is advisable.
For those looking to buy now, deals have been spied on several vehicles including the LDV G10 van for business owners and luxury buyers, check out what BMW dealers are offering on the 218i Gran Coupe.
Used Vehicle Market and Finance
There has been a lot of attention on the used car market over the past 18 months or so with prices on the up. Great for sellers but not so great for buyers. This trend has been attributed to several factors which coincide with the fall-out of the coronavirus pandemic.
With the anticipated delays on many new vehicles, should you consider buying a relatively young but used vehicle? The new v used debate is ongoing with no clear-cut winner, ever. Some say new vehicles lose value as soon as they are driven out of the showroom but others always buy new.
When it comes to what’s on the table, each deal needs to be considered individually. New vehicles come with extensive servicing offers and long warranties which can reduce regular service costs for many years. But used car dealers may also offer good warranties and extras.
When it comes to finance, our lenders will take the age and condition of a second-hand car into consideration when quoting a loan deal. New vehicles can attract the best interest rates but we can source very attractive rates on used car finance across our loan portfolio. Note that advertised competitive business car loan interest rates are based on new goods.
If considering purchasing a used vehicle, contact us before heading to the dealerships. Having your new business car loan finances pre-approved can provide buyers with confidence, a ceiling on what they can afford to spend, and a negotiating tool when discussing prices. Being in a position to sign the deal on the spot can work in your favour. Contact us for a pre-approved used car loan for an estimated amount you are planning to spend.
So in summary, if you’re in the market for a new vehicle, you should start to make enquiries and get on the list for when that model hits the market. For both new and used buyers, going down the pre-approved car finance route can pay dividends.
Contact Jade Car Loans at 1300 000 003 for a cheap interest rate motor vehicle loan quote.
DISCLAIMER: IN REGARD TO MISREPRESENTATIONS AND ERRORS CONTAINED IN THE MATERIAL AS PRESENTED, LIABILITY IS NOT ACCEPTED. THE DETAILS AND CONTENT IS PROVIDED FOR CAR BUYERS AND INDIVIDUALS AND BUSINESS SEEKING FINANCE PURELY AS GENERAL INFORMATION. THIS IS NOT PROVIDED AS THE ONLY SOURCE OF FINANCIAL INFORMATION. ANYONE THAT CONSIDERS THAT NEED FINANCIAL ADVICE ABOUT THEIR SPECIFIC REQUIREMENTS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.