The Top 3 Benefits For Taking Out a New Car Loan

We attach a great deal of importance to our cars here in Australia, and most of the time, the family car is treated just like a family member. It would be almost impossible for any Australian family to do without a car, because it is the one thing that we can rely upon every day. If you’re taking the kids to school, or driving yourself to work, you know that when you turn the key in the ignition, that the car will start and take you to where you want to go. The reason why you have a high degree of confidence that the car will start, is because you bought it new and not second-hand. A new car is unlikely to give you any trouble within the first five years, and if you service it on a regular basis, then there is no reason why it should give you any trouble at all.

Very straightforward.

For those people who went the used car route, their scenario is a little different. They don’t have the reliability that a new vehicle offers us, and so they end up paying more money, for repairs to a car that was certainly cheaper to buy, but is less reliable. There really is no reason to go down the used car route nowadays, because there are numerous options available to you to be able to borrow the funds to buy that new car, and to get that new car smell that most of us want to experience at least once in our lifetimes. Car loans are a lot more straightforward to get than you might think.

The benefits.

If you’re a little unsure, where to get such a car loan, then you can turn to Nimble loans, who would be more than happy to take you through the various options that are available to you. They will tell you about all of the benefits of getting a new car loan.

  1. It saves money – If you decide to opt for a second-hand car because you don’t have the necessary cash to buy a new one, then you’re going down the road where you will be paying additional money to keep your old car on the road. A used car is not a new car, and so it is more likely to break down over the short term. The money that you think you’re saving by not taking out a new car loan, is now being spent on repairs, that you wouldn’t be doing if you had just bought a new vehicle.
  2. No collateral requirements – When you’re taking out a loan to get yourself your new car, you do not have to offer up any collateral, such as your home or your business. Your new car acts as the collateral, and as long as you make your regular payments, then everything should be quite straightforward.
  3. Improved credit score – When you take out a new car loan, and you keep up with your regular payments and pay off the car in full, then you’re adding to your credit score, which will allow you to borrow again, and maybe under more favourable terms.


Why settle for a used car that is going to create hassles and give you headaches, when it is quite easy to get a new car loan and have the peace of mind knowing that every time you turn the key in the ignition, that the engine will fire up.