Car Loans

Car Loans

Car loans through the A.S.A.G. Reverse Mortgage can be a suitable financial option for Australian seniors in or thinking about retirement when considering a car upgrade.

Seniors in search for a car finance option while living on the three pillars of superannuation, government pension, and retirement savings can be a difficult process. Particularly when there are some Australian seniors that only have one or two means of income through these retirement income streams. However, a tailored loan through home equity release may just be the answer that will allow you to meet all of your requirements for comfort and confidence in retirement or on the road.

A Car Finance Option for Australian Seniors

Transition into retirement usually comes with changing demands and varying expenses, one of which may include a much-needed car upgrade. For many Australian seniors, it’s not the money that’s the trouble, but it’s simply access to it.

In your senior years, the low-slung, two-seater vehicle you own may not be as manageable as it once was. Perhaps you need another vehicle that has an autonomous emergency braking, child seat anchor points for the grandkids, rear-view camera for additional ease, and senior-friendly technology. Purchasing a new car can solve the issues with changes in your automobile requirements, but it will cost you.

A.S.A.G. aims to help Australian seniors in achieving financial peace of mind and live a comfortable, secure retirement. We provide personalised customer service in an effort that will grant you access to what you’ve earned.

One of these services is assistance for our senior customers to unlock the wealth that has built up in their home through a reverse mortgage. This financial solution is designed for retired homeowners who are willing to borrow funds against their property to boost their income.

Car loans through the A.S.A.G. Reverse Mortgage

A reverse mortgage is a convenient financial tool that can serve as a car loan without losing the title to your property. With A.S.A.G. Reverse Mortgage, you can access some equity in your home that can be used to cover your objectives in retirement, one of which is purchasing a new car.

Unlike traditional car loans, there’s no need for you to make regular payments to settle a reverse mortgage. The amount is fully paid at the end of the loan term, either you sell the property, move to residential care, or pass away. Aside from ‘Lifetime Occupancy,’ reverse mortgages are regulated by the government with ‘No Negative Equity Guarantee’ so you won’t end up owing more than your property’s worth.

To better understand how the A.S.A.G. Reverse Mortgage can be utilised for your car and other Vehicle Finance needs, call now on 1300 002 724 or send your enquiries at info@asagfirst.com.au. You can also get started with your own assessment using our A.S.A.G. Reverse Mortgage Calculator.