You won't be allowed to look at the car long if you go into a dealership or showroom. You will always be asked the same question by a salesman: "Sir how do you finance this vehicle?" The reason they ask this question is to see if you don't have the cash available for financing.
They offer to finance on cars you buy from dealers who have connections with top financial institutions. You can get the suitable finance option for used cars in Auckland through http://trustmotors.co.nz/.
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If you choose to finance your car using used car finance, the interest rate will be a bit higher than what you would get elsewhere. The fact that your account is only one place makes it a good choice to get finance from a car dealer.
A shorter loan term means a lower repayment. Let's look at an example. A loan of $3000 is available at a 10% interest rate. It is better to have a 5-year repayment term than a 10-year one. If your repayment term is 10 years, you'll pay $1500 in interest, while you'll end up paying $3000 interest. Imagine how much you could save!
According to various car sales companies, the average car buyer sells their vehicle in 5.9 years. You should ensure that the loan repayment term is shorter than this. Otherwise, you won't be able to purchase another car by borrowing more money than you already have.