The Mitsubishi ASX for sale Brisbane listing presents the vehicle of your dreams, and you have two options to buy it. Either you pay the car upfront or consider financing the buy using a loan. If vehicle financing is something you have shied away from for a long time, there are distinct advantages of going this route.
But first, cash payment on a vehicle provides you with several advantages, including:
- You don’t have to worry about making weekly or monthly payments on the car-buying
- There is no interest to pay
- Saving money in the bank lets you earn some nominal interest
Paying cash also has a few disadvantages, including:
- You need to wait and save for longer before you can start looking at any Outlander for sale Brisbane ad
- You have less money to put into other investments or to handle emergencies
For many, preserving cash for value-appreciating investment opportunities is the ideal route to financial freedom. Plus, new cars have fewer repair needs and breakdowns, and the best Outlander for sale Brisbane listings come with dealer warranties.
So, what are the benefits of purchasing your car on finance?
Ability to borrow up to vehicle purchase price
If you need a vehicle urgently, you do not have to wait until you have saved up all the money required to cover the purchase price. It is possible to drive off in your new vehicle as soon as the dealership is done with preparing the car and organising paperwork. Affordable and regular finance repayment terms make car finance the best option.
Financing might be tax-deductible
Businesses that borrow money to finance the acquisition of a company vehicle (or vehicles) can benefit from tax-deductions on finance costs. However, consult your accountant to find out if there is any claim you can make against the loan, repairs, insurance premiums, servicing, and others.
Get a better car
Depending on your budget and deposit you put down, financing could help you get the best Mitsubishi ASX for sale Brisbane has than if you used cash. For instance, if you have $15,000 saved up, you can put $12,000 down as the deposit and finance the vehicle worth $23,000 with affordable monthly payments. The remaining cash can go towards tax, insurance and other vehicle expenses.
Spend money on things that matter
Fronting a single lump of cash upfront on buying a car is not the best option, especially if you are running a business or supporting a family. You must put some cash aside to handle urgent business matters or even medical bills.
Establish your credit
By making your Outlander for sale Brisbane payments on time, you are establishing a good financial track record that also helps improve your credit. This is useful in the future when you require finance for other items such as business loans or a mortgage.
Get started today
Brisbane City Mitsubishi prides themselves in stocking high-quality, the best value used and new Mitsubishi ASX for sale Brisbane vehicles. Whether you opt to pay in cash or are eligible for one of their flexible financing options, they cover you. Visit brisbanecitymitsubishi.com.au to see their full ranges.