Finance focus
The upside of buying a popular car

In some situations, it’s worth standing out from the crowd. When it comes to your mode of transport, it can be tempting to pursue that dream car. but the practicality of owning a popular vehicle can payout. Here are a few of the financial benefits to buying a common car model.

  1. Save on servicing and parts

    The more popular a model is, the easier it will be to source parts for it. Not only will chances be higher that your mechanic or dealership will have parts in stock, they will often be cheaper too.

    The savings continue at the servicing centre, where your mechanic is likely to be familiar with your vehicle. They will know what your car needs and when, as well as what’s covered under warrantee.

  2. Know what you’re buying

    You may get a feel for how a car handles during a test drive, but you’ll learn even more about a potential new car through other drivers’ experiences.

    As with any large purchase, it’s worth doing your research. The more popular a model, the more information and reviews there will be online about it. These will shed light on great features, any issues and paint an overall picture of reliability.

  3. Enjoy a higher resale value

    Reselling a vehicle may be easier when it’s a popular and reliable model, especially when it’s been well looked after and maintained through regular servicing.

    Popular cars may retain more of their market value for longer because they are in demand.

  4. Looking for a vehicle for your business?

    If you’re in the market for a new car, whether it be a popular model or your dream car, we can help you with competitive finance options.

    One of these finance options you could consider is a chattel mortgage. This allows you or your business to own the vehicle while the lender also uses it as security against the loan.

    The benefits of a chattel mortgage include lower interest rates compared with consumer car loans, tax deductions and flexible repayment options.

    Get in touch today if you’d to discuss what finance options are available for you.


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The information provided is general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances. Your full financial situation will need to be reviewed prior to acceptance of any offer or product. This article does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.