Bend but not break: What flexibility with car loans means
Getting a car loan is a sizeable commitment but it doesn’t have to be a stressful one. Most people will have heard horror stories about people buying cars from questionable dealers with financing from disreputable lenders. The story is always the same: It seemed like a great deal, but the unread fine print said otherwise, and now that person will be paying off the car for the rest of their life.
Beyond Bank isn’t interested in locking anyone in – that’s why we have a range of specially designed car loan options to help our customers hit the road.
Beyond Bank’s flexible car loan options
Let’s start with our award winning Low Rate Car Loan Special Offer. With an extremely attractive comparison rate of just 5.97 per cent, this car loan is perfect for those looking at getting a car that was built within the last two years, with a purchase price above $25,000 This loan has very flexible repayment options, and even allows you to redraw any additional loan payments you make.
Moving on to our No Fee Car Loan, which boasts zero fees on establishing and maintaining the loan, the interest rate is fixed at 8.89 per cent, and you can establish a loan repayment plan that will suit you. You can borrow up to 150 per cent of your desired vehicle’s value, and you can also use this loan for other purposes if you own a vehicle you can use as security.
Our Low Rate Car Loan has a comparison rate of 8.62 per cent, and offers many of the same features and options as the No Fee Car Loan. The key difference is that this loan product can be used on vehicles valued up to $150,000, where the Fee Free option has a minimum of $150,000. The Low Rate Car Loan does include establishment and account keeping fees. If you’re looking for a cheaper vehicle, this is a great option.
Finally, our Flexi Car Loan offers the most flexibility – after all, it’s in the name! With this loan you can chose between variable and fixed rates, and it can be used for both new and second hand cars (there is no restriction on year of manufacture). This loan requires an establishment fee but there are no monthly fees. You can organise a payment schedule that suits your financial situation and you have the freedom to redraw extra payments.
We have you covered
All of our car loans can be pre-approved so you’ll have time to find the best vehicle to suit your needs. Further, Beyond Bank doesn’t charge fees if you make additional payments, nor do we penalise you for paying out the loan earlier than expected.
At Beyond Bank, we’re not interested in driving a hard bargain. We’re here to help you get where you need to be. For more information on car loans, or to begin the pre-approval process, get in touch with us today on 13 25 85.
Beyond Bank Australia, a trading name of Community CPS Australia Ltd, 100 Waymouth Street, Adelaide, SA 5000 (ABN 15 087 651 143, AFSL / Australian Credit Licence 237856)
This information has been provided without taking into account of your objectives, financial situation or needs. Before acquiring a Car Loan you should read the Terms and Conditions available at any branch or on our website or by calling 13 25 85 and consider the appropriateness of this product, having regard to your objectives, financial situation and needs.
The Interest rate and information is current as at 26/10/2017 and is subject to change.