Secured Car Loan

[rokin.tiger]

Hi all,

am in the hunt for a used car and shopping around for the best rates on 5 year term.
not expecting anyone to shop around or spend any time just hoping if someone works in the industry and knows a good provider off the top of their head.
will save me a heap of time and money.

thanks in advance!

 

[pahoffm]

Tip, don't borrow for a car.

Save your money. Buy a used car that you can afford with ready cash.

Borrow money for things that appreciate in value, not depreciate.

 

[poppa x]

Agree with Phanto, but if you must borrow, BMW Finance has reasonable rates and the best get out clauses if you want to trade/buy mid way through the term.
They don't only do BMW's.

 

[rokin.tiger]

I have your frame of mind Phanto but I just cannot afford anything right now.
I thought my car would get me by for another few years but for its age its on its last legs and i really cannot afford to be carless.
I can still save and loan whilst living a comfortable life, living with the rents has its perks.
I have been told to look at BMW Fin as well thanks poppa.