Are you wanting to head off-road with all your mates for a weekend away camping but maybe you don’t have a 4wd vehile in your inventory just yet? Well it might not be as hard as you have always imagined. With finance options from Braid Finance you will be able to have the full off-road setup included in your finance if you want. That means that if you want a 4wd with a roof top camper, maybe a camping tailer on the back, throw in some off-road tires, and after-market off-road accessories. It really can all be packaged together under one finance package. You can have the complete kit and caboodle so you can have the ultimate trip around Australia if you need.
Braid Finance can make your reality and passion for adventure and the outdoors a whole lot more fun by helping you own an epic off-road 4×4 vehicle that you can take anywhere around Australia. Even if you need the extra power for towing a trailer and heavy duty suspension for increased carrying capacities we can help you out. The team are dedicated to positioning you for your best chance for approval from the start.
When it comes to kitting our four wheel drive for the ultimate camping adventure around Australia. You want to ensure you have a nice interest rate and suitable lender so you have peace of mind afters also knowing you can afford your loan while enjoy the finer things in life. You might be looking to get something now or maybe looking to get something customised. We have all the financial options available to ensure you are in the best position possile for finance approval.
A secured car loan is the type of loan where the lender or financial institution uses the car as collateral. This means if something were to happen or you are incapable of repaying your loan, the lender has the right to repossess the vehicle so they can sell it and cover the cost of the loan. If you decide to go with this option, the lender may have certain criteria on the vehicle they will accept eg year, model of the car, Kilometers covered, loan to value ratio etc
With unsecured car loans, the lender doesn’t need your car as security for the loan. For this loan, interest rates may be higher and you may also have a lower borrowing limit. You may take ownership of the car at the time of the purchase and repay the loan to the lender over the agreed terms. This is a good option if you are looking to purchase an older or low value vehicle.
A Novated lease is another 4×4 car finance option that involves an agreement between an employee, employer and a lender. A third party is involved in the car purchasing agreement whereby in this case the third party is your employer.This car loan is also known as “Salary Sacrificing” a car and it is suitable for employees who want to finance their vehicle as part of their salary package.
An employer may agree to purchase a vehicle for the employee and make the loan repayments to your lender on your behalf. The employer then deducts the loan repayments from the employees pre-tax salary in the form of salary sacrificing. Note that the employee could use the vehicle for 100% personal use.
If you are looking to secure the 4×4 for business or predominantly for work purposes, then this option is perfect for you as money may be lent to your business to purchase the vehicle. A Chattel Mortgage is similar to a secured car loan in the sense that a financier loans you money to purchase a business vehicle and you take ownership of the car upon purchase but the vehicle will act as security to the lender until you pay off the entire loan. For this finance option, you may have the option of making a balloon payment.
Comparing your loan options will help you choose what’s best for you. Some of the loan features you need to be on the lookout for include;
