Car Finance Pre-Approval

Whether you’re buying a new or used car, arranging your car finance with Madison Finance before you go looking for your new car makes good sense.

If you're buying your vehicle from a car dealer, you may consider dealer car finance to be a convenient and simple option. Just be aware that this convenience can cost you.

Dealer car finance generally has a higher interest rate that the more competitive products from financial institutions. It can also come with extra terms and conditions, such as retained interest on early termination.

Term of the loan – Madison Finance offers flexible repayment options with terms from 1 to 5 years, so you can either pay your loan off sooner or make lower repayments by taking a longer term. And, with Madison Finance, you can also choose to make payments weekly, fortnightly or monthly – whatever suits you.

Interest rates – Can vary depending on the term of the loan, financial institution offering the loan, loan amount and whether you want a variable or fixed rate. Madison Finance offers car finance with great low rates so you never pay more than you need.

Other fees and charges – Check the fine print for application fees, monthly fees, account keeping fees, fees for paying out the loan early. Madison Finance offers car finance with zero fees.

Insurance – Check to see if your car finance provider requires you to take out comprehensive insurance, finance GAP cover or credit protection insurance to cover missed payments?

News Tags: car finance, dealer car finance, car finance broker

Car Finance Articles
Answers to commonly asked questions about applying for car finance
Car finance from a dealer can land you with higher interest rates
Private sale car finance & car loans now available from Madison Finance

Car Insurance Articles
Car finance GAP protection provides you with peace of mind
Car insurance now available as pay by the month with no extra charges

Car Buying Articles
Follow these three easy steps for private sale success