Get your vehicle loan working for you

Done deal: LendingPro specialise in vehicle loans and are able to give pre-approval before you begin looking so you know exactly how much you have to spend.
Done deal: LendingPro specialise in vehicle loans and are able to give pre-approval before you begin looking so you know exactly how much you have to spend.

This article is sponsored content for LendingPro.

WHILE it might sound like a cliché, apart from a home, a vehicle such as a car, boat, caravan, motorbike van, ute or truck, is one of the single biggest purchases you are likely to make in your lifetime.

Life’s second biggest purchase

When you think about it like that it becomes clear buying a new vehicle is a transaction that shouldn’t be entered into lightly. 

The most important thing is not which shade of car window tinting to get, whether the ute has shiny rims, or if that caravan has the right coloured cabinetry – this is a major financial decision.

When savings aren’t an option

For many people using their savings to purchase a vehicle is not an option. 

For practical reasons, such as they need it to get around now, the luxury of time in order to save for a vehicle may not be available to them.

Even if they do have a nest egg, they may be reluctant to tie up cash savings in an asset that quickly depreciates, opting for other investments instead.

What about Dealer Finance?

Dealer Finance is a type of loan that originates with the retailer to its customers and then is sold to a bank or other third-party financial institution.

Unsuspecting buyers may be lured by the convenience of dealer finance deals, but that may include extra fees and charges.

Dealer finance appeals to many as a quick, convenient way to get a new vehicle straight away. 

However, if you want the most competitive deal it is important to shop around for your loan. 

This may mean shopping the loan separately from the vehicle.

Even an interest rate set just a few per cent lower can mean a possible difference of thousands of dollars on the price of an average car over the life of the loan – extra money in your back pocket.

Specialist vehicle lending brokers

LendingPro specialise in vehicle loans and are able to give pre-approval before you begin looking which means right from the start you will searching for a vehicle within your means.

With their specialist knowledge and trusted partnerships with a number of competing lenders, a lending expert can tailor a finance package to suit your needs.

LendingPro works with over 70 lenders and their different loan options.

Look around: A competitive deal is important as it can take thousands of dollars off the loan over its lifetime making it essential to shop around.

Look around: A competitive deal is important as it can take thousands of dollars off the loan over its lifetime making it essential to shop around.

Tailor your finance to your needs

When considering a vehicle loan you need to work out what is important to you.

LendingPro can provide finance for dealer or private sales, leaving your options open.

You can select whether you’d like to fully repay the vehicle at the end of your loan term or use a balloon, a lump sum owed at the end of the loan term which you can either pay or refinance, to minimise your repayments.

With LendingPro you have a dedicated lending expert there for you for the life of your loan.

This means having someone to liaise with the financer on your behalf and answer any questions regarding the loan you may have.

Getting fast, simple vehicle finance is easy when you use LendingPro. 

The team of experienced finance brokers at Lendingpro will walk you through the application process.

Simply visit Lendingpro or call 1300 998 555 to chat with a loans advisor.

This article is sponsored content for LendingPro.