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Purchasing a car with a loan requires financial commitment and planning. While buying a car is an important decision in any adult’s life, if you buy one on loan, you should be able to pay off the loan on a timely basis. According to the Australian Bureau of Statistics (ABS), there has been a 4.7% increase in car finance loans as of May 2021. So, there are more and more people taking a loan to buy a car, and if you’re reading this article, you are most probably thinking of taking a car loan as well.

A car loan is usually a secured loan that is paid over a fixed period. With an abundance of options to fulfill one’s financial requirements, it is best to go for loans that offer you the best deal. Let’s look at some things to keep in mind to help you figure out which car loan is best for you.

1) Look around for the best loan offer

Before deciding about which car loan to go for, you should look around and compare the different offers out there. This is important so that you can negotiate better with the dealer. Be aware of how much you can spend, the interest rate, and the repayment process.

The best car loans in the market are the ones that have good perks for both the lender and the customer. You can find car loans that suit your preferences and compare them against other alternatives on iSelect. Going for a lender that helps you avail the best deal and fits within your budget is a wise decision.

2) Maintain a high credit score

To figure out a way to get a good auto loan, you should always try to maintain a high credit score. Doing this will help you avail of loans with a lower interest rate. A great way to increase your credit score is by reviewing your credit report and guaranteeing its authenticity. Doing so can help rectify any discrepancies that may be present.  You can also maintain a good credit score with the help of timely payments and by never missing out on an EMI payment.

Your credit score can even influence the overall loan amount you’ll be eligible for, along with the rate of interest that you’ll be paying for your EMI’s. With a good credit score, you can improve your overall borrowing loan eligibility. Overall, monitor your credit score regularly to improve your chances for a good car loan.

3) Choose a reasonable interest rate

When looking for a car loan, it is essential to compare the interest rate offered by various lenders. Since interest rates are usually fixed, there is no risk of an increase later on. Hence, while looking for an ideal car loan, you should always compare the interest rates that different lenders offer you. If you decide to buy a used car, you might avoid the interest on the loan

4) Understand the terms of the loan

The terms of the loan play a crucial role in understanding the repayment process. This includes the duration, amount, and rate of interest of the monthly or annual repayment. While taking a car loan has many benefits, different loan tenures have their pros and cons. For instance, a shorter loan may have a low-interest rate but a higher repayment amount. On the other hand, a longer loan will most probably have a higher interest rate but a low repayment amount.

In Summary

Taking a loan for purchasing a car is a big decision and one that can influence your financial decisions in the future. Going for a car loan that best suits you and your bank balance is essential. Decide what loan to apply for by researching different options before signing on the dotted line.

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By: Automotive Addicts Contributor
Title: Which Car Loan Is Best for You?
Sourced From: www.automotiveaddicts.com/75731/which-car-loan-best-for-you
Published Date: Tue, 30 Nov 2021 13:44:02 +0000

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Motor

Here comes trouble: A Triumph TR6 with a Matchless frame

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custom triumph tr6 matchless frame 625x417 1

Kids are impressionable, especially when motorcycles are involved. That magical combination of sound, smell and danger has a way of imprinting itself on young minds. But Kyle Harvey didn’t just dream of bikes as a child—he practically grew up with them.

Kyle’s trade is tool and die making, but his passion is building bikes. His father, Garth Harvey, got Kyle and his brother into bikes at a young age; as soon as they could start their old man’s vintage motorcycles, they were riding them. Living in Edenvale in South Africa’s Gauteng province, the boys also had direct access to the local Classic Motorcycle Club.

 

The folks at the CMC made quite an impression on young Kyle—and taught him everything he knows about vintage bikes. After helping numerous friends work on their bikes, he went on to open his own shop, named simply ‘The Workshop.’ Kyle has been building and restoring classic motorcycles for over a decade now.

This cheeky bobber is his latest build, and it’s immensely fascinating. The engine’s from a Triumph TR6 Trophy, the frame is from a Matchless, and the quirky handmade details on it are endless.

Custom Triumph TR6 with Matchless frame

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By: Ben Pilatti
Title: Here comes trouble: A Triumph TR6 with a Matchless frame
Sourced From: www.bikeexif.com/custom-triumph-tr6-matchless-frame
Published Date: Wed, 21 Dec 2022 17:01:12 +0000

 

 

 

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The Swan Song of the V12

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The V12 engine holds a special place in the heart of many automotive and motorsports fans. For some, it’s the sound of Formula 1 through the years, especially during the 1990s. For others, it’s engines like the 6.1 L BMW S70/2 from the McLaren F1 or the 3.9L Lamborghini V12 that powered all their cars from the Miura through to the Diablo. No matter where it lies in your heart, it is the “proper” configuration for many: 6 cylinders per bank, put into a V, and firing in an odd sequence to give it that special roar under power.

Yet, as concerns over fuel efficiency, qualms about environmental impact, and high-powered turbocharged V8 or V6 engines are the norm now, the V12 is slowly, but surely, being put to rest. In fact, the only place that V12s are still hanging on by the last threads of their engine mounting bolts are in supercars, hypercars, and a few ultra-luxury cars. Even then, many exotic brands have announced that their next cars will either be V10s or turbo V8s and V6s.

Since it appears that the swan song of the V12 is reaching a crescendo, we thought it only appropriate to celebrate the few remaining cars out there that carry them. It may be the last time we see some of these brands, many of which are known for their V12s.

The Amazing Last V12 Production Versions from the Big Brands

Ferrari 812 Superfast

Ferrari 812 Superfast

Ferrari 812 Superfast. Image via Supercars.

The writing is on the wall for the prancing horse, as the new Ferrari 296 GTB is showing the direction that Maranello is headed. Yet, unless you were invited to snag one of the limited-edition Monza SP1 or SP2 cars, there is still one car you can buy from the legendary marque that has all 12 cylinders fully intact.

The 6.5L F140 GA V12

The 6.5L F140 GA V12
The 6.5L F140 GA V12. Image Via: Wikimedia Commons.

The 6.5L F140 GA 65-degree V12 in the front of the 812 is the last road-going version of the V12 that debuted in the Ferrari Enzo. Producing a monstrous 789 HP and 530 lbs-ft of torque, it is no slouch either, as when the 812 Superfast debuted, it was the most powerful naturally aspirated production car engine ever made.

It has the typical low-rev Ferrari roar that rises into a howl as the car revs up to nearly 9,000 RPM, and will catapult the 3,845 (1,744 kg) car to 60 MPH in 2.9 seconds. As far as a curtain call is concerned, that’s a great way to bow out and focus on hybrids and turbocharged engines.

Mercedes-Maybach S680 4MATIC

2022 Mercedes-Maybach S680 4MATIC

2022 Mercedes-Maybach S680 4MATIC
cedes-Maybach S680 4MATIC. Image via Supercars.

Mercedes-Benz used to be at the very top of the V12 pecking order when it came to luxury performance cars. Such classics as the S 65 AMG from the mid-2000s and the 500 TE AMG W123 Touring from the very end of the 1970s came with big V12s that sound astounding, but the biggest and baddest of the Mercedes V12s left on in a production car is the M279 E60 LA that hauled the S65 AMGs of 2014.

M279 E60 LA Twin Turbo V12

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By: Simon Bertram
Title: The Swan Song of the V12
Sourced From: sportscardigest.com/v12-swan-song/
Published Date: Thu, 28 Jul 2022 10:49:26 +0000

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Road Tested: Gear from Shoei, Akin Moto and Rev’It!

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In our continuing quest to source motorcycle gear that combines safety and style, we bring you our thoughts on Shoei’s new ECE 22.06-approved NXR2 helmet. Plus a stealthy riding parka from Akin Moto, and the perfect pair of urban riding gloves from Rev’It!.

Shoei NXR2 helmet It’s no secret that I’m a huge fan of Shoei’s helmets. Every Shoei I’ve owned has fit and felt right from the first wear, with no major deviations in their sizing or shape from model to model. So when I was looking for a do-it-all street helmet to replace my well-used Shoei RYD, the new NXR2 was a no-brainer… and it hasn’t disappointed.

I loved the RYD for its combination of neutral styling, comfort and ventilation. The NXR2 basically feels like a premium version of the RYD; it has the same clean aesthetic, but ramps up the performance. And it’s one of the few helmets that meet with Europe’s new, and more stringent, ECE 22.06 standard.

Shoei NXR2 helmet reviewRead More

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By: Wesley Reyneke
Title: Road Tested: Gear from Shoei, Akin Moto and Rev’It!
Sourced From: www.bikeexif.com/shoei-akin-moto-revit-review-44
Published Date: Sat, 30 Jul 2022 17:01:31 +0000

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