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The Best Electric Cars on the Market
Interested in purchasing an electric car but don’t know which models provide the best value and benefits? This handy guide of the best EVS on the market is designed to help you find the perfect fit. Aside from providing yourself with a sleek new vehicle, purchasing an electric car will
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How to Increase Borrowing Power for Automotive Financing
You’re thinking about a new vehicle. You may be looking for an auto, a truck, a trade vehicle, or possibly something different. As always, the search starts with questions. Not just about which vehicle to choose – but perhaps more importantly, how to make sure you get the most for
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How are Car Interest Rates Determined
When it comes to buying a car, the price tag isn’t the only cost to consider. The interest rate on a car loan can also have a significant impact on the overall cost of the loan. Even a small difference in interest rates can make a big difference in the
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How to Get Car Finance Approved
If you’re looking to purchase a new car, but don’t have the upfront funds available, you may be wondering how to get car finance approved. Obtaining car finance may sound like a daunting process, but the team at Fido Finance make finance super simple by staying by your side every
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Can You Sell a Car on Finance?
If you’re wondering, “can you sell a car on finance?”, you are not alone! Many sellers often think the process may be too difficult or hard to navigate, but as long as you are transparent with potential buyers there is no reason why you cannot sell a car that you
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How Does Financing a Car Work?
Are you interested to learn about the steps in involved in a typical car finance application? At Fido Finance, our team often gets asked ‘how does financing a car work?’ and while the process can be overwhelming and confusing, especially for those who have never financed a car before, it
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Your Award Winning Finance Brokers
Voted award winning finance brokers by our customers, Fido Finance is proud to announce we have been awarded the Productreview.com.au “Car Loan” category award for 2023. The annual Product Review awards highlight products and services that have been top-rated by their customers on Productreview.com.au. Selection of the award winners is
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Finance Terminology Part 4: What is a Non Bank Lender?
What are non bank lenders? A non bank lender, also known as a non-traditional lender, is a financial institution that provides loans and other forms of financing, but is not a bank or credit union. Non bank lenders are typically less regulated than traditional banks and may offer loans to
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Finance Terminology Part 3: What is a Low Doc Loan?
If you’re looking to understand what is a low doc loan then you’ve come to the right place! A low doc loan is a type of loan that is designed for borrowers who may not have the usual documentation required to secure a traditional loan or finance product. Low doc
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Finance Terminology Part 2: What is Loan to Value Ratio (LVR)?
Understanding what is Loan to Value Ratio The loan to value ratio (LVR) is a measure of the size of a loan relative to the value of the asset being purchased. Lenders examine this ratio to assess the risk of lending money to a borrower. The higher the LVR is,
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Finance Terminology Part 1: What is a Balloon Payment on a Car?
What are balloon payments? Balloon payments are a feature of a loan structure where the borrower pays off a large portion of the loan in one lump sum at the end of the loan term. This payment is typically much larger than the regular monthly (or weekly) payments, and is
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Understanding Your Credit Rating and How it Impacts Your Approval Rating
Understanding your credit rating is essential to managing your finances and accessing loans and credit. Your credit rating is a measure of your creditworthiness and financial responsibility, and can significantly impact the terms and conditions of your loan. A good credit rating means that you are considered a low-risk borrower,