Cheapest Car Loans Hit the Market

In spite of increasing fuel costs, a recent study shows that the average cost of running a car has actually fallen compared to last year.

Melbourne, Australia (prHWY.com) September 13, 2012 - In spite of increasing fuel costs, a recent study shows that the average cost of running a car has actually fallen compared to last year.

The overall average cost for running a car has gone down by 0.4 percent according to a survey carried out by the RAA. This sounds like good news for car loans borrowers as high running costs compared with high interest rates have been plaguing the market for sometime.

The options for cheap finance for a car have also increased. New cars have better fuel economy. Few also come with fixed price servicing which makes buying them on loan a good option. Compared to last year car owners are in a better position to take advantage of lower costs of motor vehicle finance than last year due to improved depreciation. When looking for business car loans it is important to know the hidden costs. Looking beyond the price is also important in the long run.

In order to attract potential customers dealers are also advertising new schemes for car loan financing but before deciding to opt for any of these schemes it is advisable to read the fine print. New car loans have no doubt become cheaper but buyers should be aware of the pitfalls before actually availing one. With an influx on new cheap cars in the market which are more fuel efficient and have lower running costs; the market for bad credit car loan is also looking positive. Several lenders are positive that the latest influx on new cars will help borrowers as well as lenders.

The effects of upbeat buyer mood in the new car segment have also rubbed off on the used cars sector with major institutions looking at this sector as a potential area of opportunity for introducing car loans and motor vehicle finance for used cars.

Contact Information:
Dream Loans
02 Payneham Road
St Peters SA 5069
Phone: 1300 780 050
Fax: 1300 737 005
Email: admin@dreamloans.com.au
Website: http://www.dreamloans.com.au/

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Tag Words: bad credit car loan, new car loans, business car loans, finance for a car

Categories: Finance

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