2 questions from our users
What are penalty rates of savvy car loans, for early payout, thanks
Thanks for your enquiry. The answer is that different lenders have different payout penalties. Some don't have payout penalties at all. So it depends on which lender you borrow from.
Is there any money involve,do i need to pay Savvy for services?
From my experience the charges are added to your finance charges. Get a quote from them but do a comparison with your local bank as well. Dont look at interest but your all inclusive monthly payment. Or even better the total amount you would have paid including fees. In my case in 3 years on a 25k vehicle it would have cost thousands more through savvy.
Hi Antonstella, Yes there is an application fee which is paid to savvy, this fee is usually incorporated into the loan and your monthly repayment. Even with this application fee, we find that our repayments are usually more competitive then the repayment that our customers have received elsewhere.
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