Looking for a low interest rate car loan? If so, a QLD Money Secured Car Loan may be the best option. With access to a network of specialist lenders we are able to offer the most competitive rates on the market. We match purchasers with lenders best suited to your borrowing profile to secure the lowest possible interest rate.
Secured Car Loans In A Nutshell
A car loan is an advance of funds with the sole purpose of purchasing of a car. When it comes to a Secured Car Loan, the funds are provided specifically for the purchase of a car and may not be used for any other purchase.
When you purchase the car and pick up the keys you take ownership of the car, but your finance provider takes an interest in the car. If you default on the loan repayments, the finance company may repossess the car to recover their costs.
Once the contract is paid off, the finance provider passes title you.
Advantages Of A QLD Money Secured Car Loan
A Secured Car Loan offers a range of attractive benefits over other financing options.
- Lowest Interest rate in the market
- Flexible and fixed rate car loan terms from 1 year to 7 years
- Secured Car Loan residuals from 10-60%
- Fixed payments to suit your budget and pay dates
- Lowest monthly repayments
- Loans with NO fees
- Hands on personalised service giving you access to specialist financial help and information
- The flexibility to use some of your own cash towards the purchase
Secured Car Loan Terms Explained
Secured. Under the terms of a secured loan, your car serves as security for the lender. The lender approves finance based on the fact that they retain an interest in the car until the loan is paid off in full. Interest rates on secured loans are typically lower than they are on unsecured loans.
Term. The loan term refers to the life of the loan, or the time you have to pay it off. A shorter term will see you pay off your loan sooner but will incur higher monthly repayments. Conversely, opting for a longer term will reduce your monthly repayments but will typically see you paying more interest over the term. QLD Money can help you choose a loan term that is right for you.
Balloon or residual payment. This is typically the final payment on your loan. However, a balloon payment may be used to reduce your monthly repayments, too.
Why Get A Secured Car Loan Through QLD Money?
There are number of reasons to choose QLD Money for your next secured loan. We have a network of established lenders to choose from. We offer industry leading interest rates and are committed to beating any quote you present us with. Our customer service is unparalleled. And we can even help you find your next car through our network of wholesalers and franchisees. In short, QLD Money takes the stress and hassle out of purchasing a new car.
