The cost of living is the biggest expense for most Australians, with many looking to save as much as they can on their car purchases.
However, many are also looking to find the cheapest and most convenient way to do so, with a new study looking at the best and cheapest ways to get a car loan online.
A report by car rental company Car Rentals Australia (CAR) revealed that the cost of owning a car can range anywhere between $100 and $400 a year, depending on where you live.
Car Rentals said that online car reviews can be found for as little as $1.49, while an average online car loan can cost anywhere from $5,000 to $20,000.
While most Australians have no idea how much they will pay, the survey also revealed that there are many people who are finding out how much money they are spending on their cars.
For example, a couple earning between $90,000 and $120,000 a year may be able to save $60 a month on their new car.
“The cheapest way to save is to buy a car and use it as a promotional tool to drive up your income and to make yourself look better,” said Car Rentings managing director, Mark Rigney.
“It’s a great way to get into a good job and boost your income, and it also makes you look great.”
Most people don’t realise how much their car costs until they’ve got it all figured out.
“While a new car loan might not sound like the most efficient way to spend your money, it may be the easiest way to keep a car on the road.”
One of the biggest costs of owning your own car is maintenance, which is why many people find it more economical to get one from a company that offers a car rental service than buy a new vehicle on their own,” said Rignay.”
A rental car is a good way to buy the car you want and it can be used as a promotion tool to boost your earning potential.
“Car rental companies are also finding it cheaper to hire drivers online.”
We do not charge an entry fee to our online car rental network.
Our members have a number of other ways to find out how to get the best deal on their rental car, from car loan agencies to insurance companies to leasing companies.”