When a Long Term Car Loan is Better than Short Term

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When a Long Term Car Loan is Better than Short
Term
1800 Approved Finance Solutions 33 Ereton
Dr. Arundel, QLD 4214 1800277768 http//www.1800ap
proved.com.au/
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Whenever we purchase something new, our usual
wish is to own it in full, as soon as possible.
When the item were purchasing is something that
loses value quite quickly, then the desire is
even stronger.  Like CARS!
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The problem is this. When you borrow more than
you can comfortably repay each month, you risk
getting into a very tricky situation. Not only
are you faced with going short in other areas so
you can make those higher monthly repayments, but
youre also facing a bad credit rating if you
default on the loan.
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As the financial pressure builds, desperate
people do desperate things. Some people will
take out another loan to pay off their car loan,
getting themselves into a worse financial
situation.
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Frequently people take out a short term loan from
a website, a store at the run down end of the
high street, or a bank that not many people have
heard of. Its a handy solution, usually just
until things pick up a bit. Right.
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If youre the borrower, youre borrowing from
Peter to pay Paul, as the saying goes. Youre
simply putting off today's problems until
tomorrow.
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If all this sounds unpleasant, thats because it
is. The best course of action is to avoid getting
into that situation in the first place. When
looking for car finance, only borrow from a
responsible lender who will help you to assess
how much you can afford to repay.
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While interest on repayments may amount to a
higher total on longer term loans, the individual
repayments you commit to are usually smaller and
more manageable. With no financial pressure,
youre left free to enjoy your new vehicle, with
all the fun and none of the fear.
1800 Approved Finance Solutions 33 Ereton
Dr. Arundel, QLD 4214 1800277768 http//www.1800ap
proved.com.au/
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At 1800Approved, we love helping people drive
home with their dream cars. We assess your needs
and help you compare quotes from over 30 of the
top lenders in Australia. We help you choose the
best deal so you can enjoy your new car without
putting your finances at risk. Call us. Free
Assessment. No Obligation
1800 Approved Finance Solutions 33 Ereton
Dr. Arundel, QLD 4214 1800277768 http//www.1800ap
proved.com.au/