Should you pay cash or finance a new car?
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
When you start the search for a new or second-hand car, the first thing you need to think about is how much you’re going to spend. For the
most part, the decision will come down to how much of your own money you’re prepared to spend and how much you’re going to borrow from a
lender.
When determining whether you should pay all cash or look to finance the car is always going to be based on your personal
situation and there are positives and negatives to both approaches.
The biggest advantage of only paying cash is that you will own the car outright. The other benefit is that you won’t have to pay interest and that could save you a substantial amount of money over the lifetime of the loan.
When you finance a car, the best part is you can start making the most of it from day one. There are different types of finance options for cars and some might even be available without putting any money down – assuming you meet certain criteria and have a stable source of income.
We'll help you manage your lending commitments. The team at Smart Mortgage and Lending
are here to drop your stress and make financing easy.
Lunch & Learn Workshop // 4 September, 2026 - 12:00 - 1:30pm
$35pp includes lunch
Many business owners believe growth comes from more sales. But in reality, the strongest and most profitable
businesses grow by improving how the business works, not just by selling more. This session is designed to change that. The
5-Critical Financial Metrics
is a practical workshop that shows you where small, targeted changes can create disproportionately big improvements in profit, cashflow and
sustainability.
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MP SHIRE SMALL BUSINESS FESTIVAL / LIVE WORKSHOP
Friday 31 August, 4:00pm-6:00pm
Join our practical,
educational workshop designed to help business owners understand the lending process and in preparation for funding conversations, learn how lending decisions are really made and what banks actually look for.
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MP SHIRE SMALL BUSINESS FESTIVAL / LIVE WORKSHOP
Tuesday 25 August, 10:00am-12:00pm
This practical, confidence-building session is designed to give business owners control. Know Your Numbers is a hands-on workshop created specifically for non-financial business owners who want clarity and confidence in their decision-making.