 | | | | | | | A low-interest car loan available for new or demonstration vehicles. Benefit from our lowest car loan rate by using your new vehicle as security for your loan. |
| A car loan for when you have the money to buy a car but don’t want to use it. Keep your funds safely invested in an EECU high-interest account as security for your car loan and benefit through a low interest rate on your loan.
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| Buying a used car? This loan allows you to purchase a used vehicle but still obtain a low interest rate.
Member must provide 10% of vehicle value.
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| Want to buy a used car but don’t have the money to pay for the associated costs? Take out a Used Car Loan and borrow the full purchase price of your car as well as associated costs like insurance and registration.
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| | | | | | | | | | | | | | | How much can I borrow?
(as per Glass's dealer guide)
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| 100% of vehicle’s value. Plus insurance and on road costs
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| | Up to 90% of vehicle’s value. Can include associated costs
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| Over 90% of vehicle’s value. Can include associated costs
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| Weekly, Fortnightly or Monthly
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| | | 2 to 7 years (Dependent on age of vehicle)
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Early repayment without penalty
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| | Deposited funds must equal or exceed the loan amount at all times
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