Things to consider when financing an electric vehicle

With more electric vehicle (EV) models and charging stations being rolled out across Australia, you may be wondering how you can get your hands on a greener car.

As the EV market continues to accelerate, there may be more lending options than you think.

Whether it’s your first EV or you’ve taken this environmentally-friendly route before, here are some things to consider when deciding how to fund your purchase.

Personal loans

Depending on your circumstances, a personal loan is another lending option with fast approval times that could put you in the driver’s seat.

Unlike a car loan, a personal loan gives you the flexibility to buy your vehicle and use any remaining funds for either car-related expenses or another purpose.

Driving towards savings

Not only could relying on electric charging rather than fuel make a big difference to your wallet – there may also be other ways to help your hip pocket when buying an EV.

Depending on your state or territory, you may be eligible for free or discounted stamp duty and registration, or other special rebates and subsidies.

Ask those in the know

Before driving off, consider speaking with a broker or Liberty Adviser to help find a solution fit for your lending needs.

They can help you navigate the lending process from start to finish – including assisting you to secure car loan pre-approval so you can buy with confidence.

Get moving on your vehicle plans today by reaching out to your local Liberty Adviser.