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4x4 finance is for those who wish to get off the beaten path and explore more of the nature around them in the comfort of their own vehicles. However, finance for a 4x4 can be expensive as these cars are specifically designed to go off-road and are not your standard vehicle.
A 4x4 is a vehicle that has four wheels and is powered by four wheels. This type of vehicle is designed for going off-road and handling types of terrain that your standard vehicle cannot, such as rocks, mud and water. This is why a 4x4 is usually more expensive.
There are many loans that you’re able to choose from when looking to buy your 4x4, including:
Prices for a 4x4 range from brand to brand but can start from $20,000 and go as high as $70,000. This is just the price of the vehicle alone without factoring in any other costs, such as fuel, replacement tyres, registration, insurance and other extras that you might not realise you need. Some extras are useful but expensive, such as a light bar that can be attached on the top of your vehicle and the installation of a bullbar to ensure that if you do hit something, it’ll cause as little damage as possible. The price of bull bars can range from $275 for the parts as well as having to pay to have them installed on your vehicle. Factoring in these extras and the cost associated with them is important, before you apply for finance.
Comparing your loan options is always tricky if you don’t know what to look for. Be sure to compare the following points:
Although it might be tempting to get a 4x4 with all of the extras because you just know you’re going to be out in the bush, take a step back and reconsider what extras you actually need. Thinking you should get a bullbar in case you hit a kangaroo is all well and good, but consider where you plan on using the 4x4 and choose your extras accordingly. You might realise that you don’t even need it.
Another thing to consider is the habit of using the credit available to you to bail you out if you’re in a tight spot financially. Getting the car of your dreams is all well and good, but it won’t be beneficial if you’re unable to drive it because you can’t afford the repayments. Look into your financial situation before making a final decision on financing.
Yes, there is. A 4x4 has been designed to carry higher loads and travel in adverse and difficult terrain for the lifetime of the vehicle. A part-time 4WD provides the ability to use those advanced features when you need them instead of having access to them over the lifetime of the vehicle.
It’s always worth looking into getting insurance, especially if you’re going to be heading off-road. If you’re unsure about your options, look around here.
Getting pre-approval depends on the loan option you go with as well as which lender you choose. Pre-approval might be something that is offered, but this is not the case with all lenders. Check with the lender you’ve chosen to see if you can benefit from pre-approval.
Picture: Shutterstock
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