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