IMB Car Loan

• Car loans up to $75,000
• Low-interest starting from 5.64%
• Repayment up to 7 years

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• IMB car loan product
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Let IMB help you buy your dream car

New or used: What's the right car for you?             

They are friends with Ford, in the territory of Toyota, Australia in an automotive nation and home of the Holden, they sure do love their vehicles and they know how to buy them! Take a quick look at their guide to buying a new vehicle versus a used vehicle. With IMB you can apply for a loan online at any time. 

New cars

In recent years buying a new vehicle has become more and more popular, and for good reason, any business that buys a new car can claim the depreciation when it comes to tax time, while other consumers would prefer to work with something more reliable, more modern and has better features plus the improvements in some vehicles is the fuel efficiency and safety, so this could be well worth the premium you pay for a newer model.

Bearing in mind that buying a new car in the first year depreciation in value will drop up to about 20% in the first year by some estimates. Also, some makes and models could hold their value more readily, unless of course, you manage to buy a future collector's item and keep it in very good condition, you may find that vehicle will be less worthy in just a year.

New Car Loan

With the IMB New Car Loan, they could have you cruising around in that car of your dreams in no time at all, especially with the fantastic rates and no penalty for early payout.

They offer great car finance interest rates, they give you the option of borrowing up to $75,000, their repayments are for easy budgeting, there are no penalties for early repayments, their flexible terms are from 1 - 7 years and there are no ongoing account keeping fees.

Used cars

A used car, on the other hand, is one of the reasons used cars are so much more affordable than that of a new car, besides 20-year-old cars aren’t always that clunky, some of them are almost still in tip top condition and they would still have lost a significant chunk of their price tag. Knowledgeable car dealers or buyers would more than likely aim for modern used cars because often the car would still be under their manufacturer’s guarantee.

But on the other hand, not every used car you see will be in close to new condition, and may also not be covered under the manufactures warranty. Regardless of this, you are still entitled to a legal warranty should you buy a used car from a dealership, but it needs to meet certain age and mileage requirements. This will give you protection even for used vehicles, ensure that you check the state that you are living in’s law requirements regarding this as to ensure you know what you are getting yourself into.

It’s important to know that you are spending your fast loan money wisely whether it is for a new or used car, if a deal seems too good to be true, well it normally is! Buying from a private seller doesn’t give you the protection as that from a dealership, and that’s exactly why it’s often cheaper.

Make sure that you do your research before buying a car, shop around between several dealers and if possible make sure you know the pros and cons of each make, model, age, and mileage of the car. Make the most out of your car loan capital. Be wise!

Why IMB?

They continuously strive to deliver a high level of personal services to their customers

IMB is a trusted & reliable provider of car loans

In our review, IMB adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ IMB is a registered credit provider in Australia: ACL 237 391