Three reasons why customised car loan interest rates are all about you

Moving away from a one-size fits all approach could have lots of benefits for you.

Are you thinking about buying a new car? Or maybe you’ve checked out a dealership already?

Once you draw closer to making a decision about which car to buy, you might also start thinking about how to finance your car, including whether you might want to take out a car loan.

When you talk about car loans to your dealer, they may mention something called a Customised Car Loan Interest Rate.

If you don’t know quite what this means, don’t worry. We can help you understand all about Power Alliance Finance Customised Rates, how they’re calculated and how they help you get an interest rate that is customised to you.

Read on to find out more!

1. It’s made just for you

The great thing about Customised Rates is, as the name suggests, they are tailored to each and every one of our customers.

We know you’re unique, with your own individual lifestyle, needs and financial situation.

There are lots of factors that can affect your credit score including your repayment history and how many other credit cards and loans you have. If you’re interested in checking your credit score there are free websites you can find with a quick Google search.

As well as your credit score, we look at a range of other relevant personal factors determined by us, such as whether you own any property, your marital status and the type of loan you’re looking for.

What this means is that your rate is customised to your individual circumstances.

2. Sophisticated and clever

We don’t use back-of-the envelope calculations here. All our interest rates are calculated using our sophisticated and intuitive software which looks at your car loan, the information you provided us and of course your credit score.

We let the software calculate your custom interest rate based on this information you’ve provided about yourself and your financial situation.

The best part is, no matter who you are or where in the country you happen to be, you know you’re getting an interest rate tailored to your circumstances.

And we are committed to being upfront about our car loan terms and conditions and any ongoing fees and charges – so you’ll know exactly what you are signing up for.

3. Not to mention easy!

Getting a car loan doesn’t have to be a headache. Being friendly and saving our customers hassle is our mantra.

Our software does all the hard work of calculating the Customised Rate. And once you submit your paperwork and supporting documentation (more information on how to prepare for that process here), then it’s just a case of sitting back and waiting for news of the application outcome.

If you’ve still got questions about our Customised Rate or our personal and business car loans, then pop into your nearest dealer that offers Power Alliance Finance and ask. Or, check out our other articles about car finance here.

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Disclaimer

This information provided by Power Alliance Finance, a division of Australian Alliance Automotive Finance Pty Limited ABN 63 002 407 703, Australian Credit Licence 513747 is of a general nature and for information only. Nothing on this website constitutes or should be considered to constitute legal, taxation or financial advice. Before making a decision about any of the products and services featured on this website, you should consult with your own independent legal, taxation and financial advisors, who can advise you about your personal circumstances.