When it's time to buy a new car, buyers have many decisions to make and many come back to affordability. Initially, the decisions are all about which car to buy. Comparing one make to another, one model to another. Checking out the features while trying not to be 'persuaded' by the salesperson's spin. Some buy from the heart and for others, it's totally from the head.
Once a vehicle is selected it comes to finance. You can easily find the purchase price of the car and some dealers and manufacturers that offer their finance also include a ‘from $XX per week’ in their advertisements. It can take a lot of time to browse a multitude of bank and lender sites just to get the interest rate they are offering on new business car loans. But the critical issue is being able to convert interest rates into monthly repayments which are a lot more relatable for most people. For business buyers, the task is further complicated by the choice of finance products with different interest rates.
Wouldn’t it be the ideal scenario to be able to do all that quietly and calmly, in your own space and in your own time? We’ve recently added two new calculator functions to our resources which fit that bill exactly – self-serve, use from wherever you can connect to the internet and their available 24/7. As major lenders in the motor vehicle sector, we understand and appreciate the needs of our customers and we respond with cheap car loans and useful tools to assist in the buying process.
Consumer car loans and business vehicle finance differ on several counts including having different interest rates and different types of loan structures. We’ve addressed both with two separate interest rate comparison calculators. We’ll take you through how they work and how you can make each one work for you.
Consumer Car Loans – Lender Comparison Calculator
Our consumer business car loan calculator allows you to compare what a select group of banks and lenders are currently offering on their consumer car loans. You’ll find it on the home page of our website. The calculator is set out in a table format with the name of the lender, the name of their car loan product and columns for their advertised interest rate and comparison rate on offer. The end column displays the monthly repayment estimate based on each of those rates.
At the top of the table, you’ll see a place to enter the loan amount you want to borrow and the loan term you would like to repay the loan. Most consumer car loans are for 4 or 5 years. Simply enter the details of your car purchase and the auto-calculate function immediately displays the repayment.
Yes, just like that. No need to make a myriad of phone calls or emails to request a range of quotes to source the cheapest. Of course, that is the role of your Jade consultant to do on your behalf when sourcing your loan quote. But this allows you to compare different priced cars quickly and easily.
The results calculated are only estimates and we direct you to the disclaimer so you are fully aware of the functionality of this device.
The Jade lender comparison calculator is a big assistance to car buyers: -
- Free to use.
- Free of obligation – if you don’t want to proceed with requesting a quote, that’s fine.
- Available 24/7 from devices with an internet connection.
- Use for as many car prices as you would like to compare.
If you’re happy with the repayment amounts that correspond to Jade’s cheap interest rates, simply click on the REQUEST A QUOTE button for a firm quote on your specific purchase.
Business Vehicle Finance – Interest Rate Calculator
The assist for business buyers is slightly different as the interest rates vary across the business finance products – car loans for sole traders, Car Hire Purchase and Leasing. Source our advertised interest rate and head to our finance calculator or interest rate calculator. Enter details of your purchase, the interest rate for that loan product and any balloon you may choose and see the results.
Loan Calculator Option
This new lender comparison calculator allows private buyers to compare what different lenders are offering. But we also offer our car loan calculator which can be a great assistance when planning your loan structure. Possibly deciding if you will request no deposit car finance or pay an amount upfront to reduce the overall loan amount and to compare different priced cars.
Simply enter the details of your car purchase and the interest rate we are currently offering to see an estimated repayment displayed.
We are continuing to build up our car buyer assistance resources with our calculators and our news and tips articles so stay connected with us and check back for more information. If you’re now ready to buy, just apply online or over the phone and we’ll handle the entire car finance deal for you.
To discuss your car finance requirements call Jade Car Loans at 1300 000 003
DISCLAIMER: INFORMATION, CONTENT, DATA, REFERENCES AND HINTS CONTAINED IN THIS ARTICLE ARE INTENDED PURELY FOR GENERAL INFORMATION AND NO LIABILITY FOR ERRORS OR SIMILAR IS ACCEPTED. THE INFORMATION IS NOT INTENDED TO FORM THE SOLE BASIS FOR FINANCIAL DECISIONS. ANY READER CONSIDERS THAT MAY REQUIRE ADVICE ON THEIR PERSONAL OR BUSINESS FINANCIAL SITUATION, THEY ARE ADVISED TO SEEK THE PROFESSIONAL ASSISTANCE OF A FINANCIAL ADVISOR.