This is a sponsored post. As always, opinions are solely mine. Terms and conditions apply to any product you consider.
As many of you know, I gots me a new job almost 2 months ago.
While it all happened very suddenly, from day one it felt right.
It’s pure sales, which I love.
Being 80% on the road, there’s a lot of freedom and autonomy.
On the flipside, I’m clocking up 100’s of kilometers per week.
We find ourselves inevitably back to a family decision we’ve being holding off for a couple of years now…
Behold Exhibit Lemon Car A.
Wouldn’t you agree?
As we just bought a new family car a little over a year ago, we just can’t afford to have it depreciate so quickly with the extensive client visits.
Also, it’s about safety.
The blue beast – while having being part a HUGE part of our family for so long – is on its last legs, er, I mean wheels. Not to mention door handles. Half of them are busted…
I’ve had anxiety levels go into overdrive when driving on busy Southern Cross Drive at 80 kms, the steering wheel suddenly started to shake vigorously.
Literally, I can’t trust that car as far as I can accelerate it (which obviously isn’t far).
The fact that the registration is soon to expire is helping to speed up the decision.
So now comes the fun part of rejigging our finances to make way for the new, unavoidably expensive purchase.
In the past, I’ve only had great experiences with credit unions. Thanks to a 10 year term deposit that I opened way back in my 20’s as a single gal, the funds from that particular account eventually became my nest egg for my future family and also helped buy our first home.
I love how credit unions are established for a community and know their customers on a more personal basis rather than as just another consumer.
Looking to buy a 4 cylinder 2.5 litre engine automatic sedan (second hand), I figure we would need to apply for a personal a loan of $20,000 for over 5 years.
Using the personal loan calculator on the People’s Choice Credit Union website, my best option would be a secured personal loan that offered a rate of 7.64% p.a. (Comparison rate of 7.99% p.a.)* and NO monthly account fees. Not bad.
Underneath the calculator was also a comparison to what I would be paying if I took out a loan with one of the “Big Four”.
I pleasantly discovered that People’s Choice Credit Union repayments were significantly lower compared to the others.
I love it when us consumers have choices in how we manage our finances, giving us options to break away from the usual big conglomerates.
In the likely chance of going full time when the twinions start going to school next year, the People’s Choice Credit Union website has another calculator that helps you sort out extra monthly or lump sum payment options.
But let’s not get too ahead of ourselves, shall we?
First things first.
Time to go car hunting.
Beep, beep, beep, beep, yeah.
The all-important fine print about the interest rates:
* The comparison rate is based on a loan of $30,000 with monthly repayments over a term of 5 years. PLEASE NOTE: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
How’s your car running? Still got all your door handles?
After a long hiatus, I’m back joining Essentially Jess and the gang for #IBOT!