We work on behalf of an individual or business (that’s you) to get finance. We talk with you about your personal situation and look at a number of lenders to determine who would be the most suitable lender for you and match the loan options to your circumstances.
Novated leases are suitable to people who are an employee which is able to receive a vehicle as part of their salary package. You may select a car and your employer takes responsibility for the lease payments while you are employed by them.
A balloon payment or sometimes called a residual value is a lump sum payment that is attached to a loan usually payable at the end of the loan term. It’s an amount still owed to the lender at the end of the loan term. Setting a balloon payment allows you to repay only part of the principal of the loan therefore reducing the monthly repayments in exchange for owing the lender a lump sum at the end of the loan term.
There are options. Please contact us to discuss your circumstance so we can help you to make alternative arrangements, or help you to make a claim on your credit insurance (if taken out at the time of applying for the loan).
Yes we do! Our finance consultants are experts in financing private sales. We will even perform all the checks to make sure you are protected against any finance owing on the car you buy from a private seller. Bizi Loans even has its own “Find My Car” service where we help find the car that you are chasing and negotiate the best possible price! So whether you are looking for a new or used car, personal car loan or a business car loan, Bizi loans can help. Plus, as part of your loan package, we have loan cover and warranty options to ensure peace of mind and no issues down the road.
Our consultants are very experienced in helping people who don’t have the perfect credit file and we won’t unnecessarily put a credit check on your file unless we feel certain that an approval will be given. Call us today on 1300 24 94 00 to discuss your personal situation with one of our friendly consultants.
With secured loans you offer an asset, such as the car you are buying, as security for the loan. This means if you do not meet your loan repayments your lender has the right to take possession of your car (the asset). However, the upside of this is you pose a lower risk to the lender and that means you get a lower interest rate. A personal loan is not secured against any asset and can be used for many purposes such as a holiday, a car, a wedding and so forth. Because a personal loan is not secured against an asset the lender see’s it as a higher risk and therefore the interest rate is normally higher.
PPSR (The Personal Property Securities Register) allows finance companies and other businesses to register their security interest over personal property. It’s a national online register that can provide information to help protect consumers when they are buying personal property such as cars, boats etc. It is very important to check whether a lender has rights over a car, bike, boat or caravan before you buy it and the PPSR allows buyers and other parties to search the register to find out if there is any security (money) owing against the personal property.
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