Buying a car can be one of the most expensive purchases you’ll make in life, aside from a house. One way to buy the car of your dreams, without paying upfront, is taking out a car loan. If you’re taking out a car loan, it’s important that you’re able to afford the repayments. However, there are several options you can consider to help reduce your car loan repayments. Find out what these options are in our easy-to-read guide below. 6 ways to reduce your car loan repayments 1. Balloon payment Taking out a car loan with a balloon payment is an option that can help reduce your repayments. A balloo ..read more

If you’re looking for a car loan to purchase a new set of wheels, you might come across the term ‘balloon payment’. A car loan with a balloon payment can be a handy way to help lower your repayments, but it’s important to remember there’s still a hefty amount to pay at the end of the term. This is why it’s important to understand balloon payments and how they work before choosing it as a financing option. In this article, we cover what you need to know about balloon payments on car loans including how they work, the pros and cons, and important things to consider. What is a balloon payment? In ..read more

There’s a whole lot we can say about 2020. There’s no denying it will be a year we will remember for a long time to come. With so much devastation and multiple industries collapsing, it’s no surprise that the automotive sector recorded a 20% drop since this time last year. Pandemic or not, most of us still need wheels to get around. So, if you happen to be in the market for a new car, we’ve put together this handy list of Australia’s top-selling cars in 2020 to spark your car search with some fun. Top selling cars in 2020 1. Toyota HiLux – $22,325 It wouldn’t be the best selling list without t ..read more

A bad credit car loan isn’t impossible Buying a car is often the most significant purchase you will make during your lifetime, second only to property. For this reason, it’s advisable that you do your research to ensure you’re getting the best bang for your buck. This is particularly true if you have bad credit. Though a bad credit car loan may be more challenging to obtain, it’s not impossible. Some lenders specifically deal with bad credit car loans, whilst other lenders may offer specialised deals to those with bad credit.  However, lenders take a larger risk when approving car loans f ..read more

Calculating your car loan interest rate can be tricky at the best of times. Lenders may not always be entirely upfront with the way their interest rates operate, or what is included in them.  So, don’t get caught with an unreasonable interest rate that you can’t afford. Keep reading Oiyo’s comprehensive guide to interest rates so that you can be better informed about your car loan. What is a car loan interest rate? Interest rates on car loans are relatively simple. They are no different from the interest you pay on your home loan, for example. Essentially, interest is a percentage of your ..read more

A car is generally a person’s most expensive purchase during their lifetime, second only to property. For this reason, purchasing a car is extremely important and you’ll want to do your research. If you’re looking for a guide to learn all about car loan comparison, then you’ve come to the write place. We can teach you about security, interest rates, loan terms, and more. Once you’ve got an idea of all the features of a car loan, you’ll be able to effectively compare loans to get the best deal for you.   What is a car loan? Put simply, car loans are akin to personal loans and are used ..read more

What is a car loan calculator? A car loan calculator is a tool that allows you to estimate the total cost of your car loan. You will be able to enter the amount you would like to borrow, the interest rate and the loan term. The calculator will crunch the numbers for you so that you can assess and compare your options. Though car loan calculators are only intended as a guide, they can assist you in making an informed decision. In this guide, we’ll run you through how car loan calculators work and other factors to consider when calculating your repayments. How does it work? A car loan calculator ..read more

Buying a car can be one of the most expensive purchases you’ll make in life, aside from a house. One way to buy the car of your dreams, without paying upfront, is taking out a car loan. If you’re taking out a car loan, it’s important that you’re able to afford the repayments. However, there are several options you can consider to help reduce your car loan repayments. Find out what these options are in our easy-to-read guide below. 6 ways to reduce your car loan repayments 1. Balloon payment Taking out a car loan with a balloon payment is an option that can help reduce your repayments. A balloo ..read more

If you’re looking for a car loan to purchase a new set of wheels, you might come across the term ‘balloon payment’. A car loan with a balloon payment can be a handy way to help lower your repayments, but it’s important to remember there’s still a hefty amount to pay at the end of the term. This is why it’s important to understand balloon payments and how they work before choosing it as a financing option. In this article, we cover what you need to know about balloon payments on car loans including how they work, the pros and cons, and important things to consider. What is a balloon payment? In ..read more

There’s a whole lot we can say about 2020. There’s no denying it will be a year we will remember for a long time to come. With so much devastation and multiple industries collapsing, it’s no surprise that the automotive sector recorded a 20% drop since this time last year. Pandemic or not, most of us still need wheels to get around. So, if you happen to be in the market for a new car, we’ve put together this handy list of Australia’s top-selling cars in 2020 to spark your car search with some fun. Top selling cars in 2020 1. Toyota HiLux – $22,325 It wouldn’t be the best selling list without t ..read more