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Hire Purchase

The Commercial Hire Purchase (CHP) agreement is a legally binding contract where the financier you gives you the right to possess and utilize a car or other vehicle in exchange for monthly repayments. A balloon payment is a huge sum of payment that can be made at the end of the lease term and is optional with a hire purchase agreement.

Business Car Loan pre-approval

Requesting your car finance with Madison Finance before purchase of a new or used car is a good financial investment.

The convenience of purchasing your vehicle from a car dealer may be enticing but the repercussion would mean costing you an additional amount to your expenditure.

Private sale tips

Purchase of used cars through private sale rather than through licensed car dealers are prevalent more than ever.

Here are some more tips on how to get the best deal when buying a used car through private sale.

Mechanical issues – see to it that your preferred mechanic did a thorough inspection of the used car before making a payment negotiation. For any repairs found out by the mechanic, the buyer would be responsible for mending those items and cost should included in the written purchase agreement.

Finance broker

Banks and car dealerships uphold the prevailing control over the availability of car finance which prevailed for a long time. But in the last five years, contemporary and newer choices have sprung out in for car financing.

A practical guide to buying a car

What does ‘mutual’ mean to me?

Mutual financial institutions are credit unions and building societies that are set on providing benefits for our members, not shareholders. Profits are returned to members through reasonable fees, improved rates and exceptional service.

Members are both customers and owners, therefore you have a real say in how your financial institution is handled. Every member gets an equal say – one member, one vote.

Here are some other vital facts about mutual financial institutions

Guidelines in purchasing a car

A sense of freedom, mobility and pleasure are what cars have to offer. So before you take the plunge in purchasing your car, every option should be explored. Here are a couple of helpful tips you need to consider when acquiring a car from new or used, insurance and finance options.

Maximise the resale value of your vehicle

Although it is a hidden cost, it is nonetheless true in most cases that depreciation is one of the biggest ongoing expenses involved in vehicle ownership. Depreciation is the name given to the loss of value your car will almost inevitably sustain as the years go by.

 


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