Benefits of a car loan include:
- Flexible loan repayment periods ranging from one to seven years.
- You can qualify for a balloon or residual payment which can reduce your monthly repayments.
- Fixed interest rates mean fixed repayments
- Improve your cash flow
- Tax deductions if the car is being used for business purposes*
- Lower interest rates as the loan being secured against the vehicle
*You need to check with your accountant for eligibility