If you have some money in hand and just want a loan for a portion of the price of your car an unsecured loan may be right for you.<\/p>\n
This gives you the ability\u00a0to sell the car down the track without impacting your finance\u00a0because your car isn\u2019t tied\u00a0to the loan.<\/p>\n
An unsecured car loan is an advance of funds –\u00a0in effect a Personal Loan.<\/p>\n
Unlike a secured loan the finance provider does not take an interest in the car\u00a0and once you pay for the car you can automatically pass title to yourself.<\/p>\n
In the case of you defaulting on the loan repayments the finance company can not repossess the car.<\/p>\n
This means\u00a0rates may be\u00a0higher than a secured car loan.<\/p>\n
Unsecured<\/strong> \u2013 in this case your car is not secured to the loan in any way. \u00a0Similar to a personal loan the provider gives you the loan without the security of any asset.<\/p>\n Ownership of the car is in your name completely.<\/p>\n These loans are also often used to finance\u00a0holidays, home theatre systems, cosmetic surgery etc.<\/p>\n Term \/ Length of the loan<\/strong> \u2013 the life of the loan or the time you have to pay it off. You will normally be able to choose a shorter or longer term to make your repayments\u00a0suitable to your needs<\/p>\n Balloon or residual payment<\/strong> \u2013 Do not generally apply to these types of loans.<\/p>\n <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Unsecured Car Loans And\u00a0Greater Flexibility If you have some money in hand and just want a loan for a portion of the price of your car an unsecured loan may be right for you. This gives you the ability\u00a0to sell the car down the track without impacting your finance\u00a0because your car isn\u2019t tied\u00a0to the loan. […]<\/p>\n","protected":false},"author":2,"featured_media":441,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-loan-page.php","meta":[],"_links":{"self":[{"href":"http:\/\/www.money4finance.com.au\/wp-json\/wp\/v2\/pages\/437"}],"collection":[{"href":"http:\/\/www.money4finance.com.au\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/www.money4finance.com.au\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/www.money4finance.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.money4finance.com.au\/wp-json\/wp\/v2\/comments?post=437"}],"version-history":[{"count":10,"href":"http:\/\/www.money4finance.com.au\/wp-json\/wp\/v2\/pages\/437\/revisions"}],"predecessor-version":[{"id":605,"href":"http:\/\/www.money4finance.com.au\/wp-json\/wp\/v2\/pages\/437\/revisions\/605"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.money4finance.com.au\/wp-json\/wp\/v2\/media\/441"}],"wp:attachment":[{"href":"http:\/\/www.money4finance.com.au\/wp-json\/wp\/v2\/media?parent=437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Your\u00a0Unsecured Car Loan Rundown<\/h2>\n
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