It's time for a new car but the question isn't which car but rather how are we going to pay for it.

Financing a car can be a minefield with salespeople rambling confusing jargon at you, however, when you tear away the mind-boggling talk most of the finance products on offer are simple, and with little understanding, you can make sure you get the best deal for your situation. The first question is

Should you buy or lease?

If you buy a car, it's yours to do with as you please, leasing typically means you are paying for the use of the car and at the end of the term you must hand the car back or take out another lease. There are no hard and fast rules when it comes to whether buying or leasing that suits people. It is different person to person and should we first discussed with your accountant.

If you choose to buy the most common finance product used is the personal car loan, where simple monthly repayments are set, so the full amount is paid by the end of the selected term, which can be between one and five years.

If you choose to lease, there are several options, however, many of the traditional finance companies only have a small interest in leasing, so probably the best place to investigate leasing is through a specialist like Aussie car loans.

Car leases fall into either two categories finance lease or operating lease, these vary in the way they treat ownership disposal and residual risk on the vehicle finance. Leases are popular because no deposits or trade-ins are made.

Novated car leases are also very popular because you can use your car as part of your salary package in order to reduce taxable income.

Whatever you're considering to get behind the wheel of that new car, talk to Aussie car loans today!


Are you stuck trying to decide weather to buy or lease a car? In this video, we explain the differences to help you make the right choice for you.

If you're still unsure, or have further questions, give one of the finance specialists at Aussie Car Loans a call on 1300 769 999 today.

Read blog post: Car Leasing VS Buying.

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