Taking a finance package with No Payout Penalties should be the key factor when choosing finance for your next car. The unpaid interest in the event of an early termination is not added to your total payout figure, this can protect you and in doing so can save you thousands of dollars in payout penalties.

Why do other Finance Lenders have payout penalties? The simple answer is "money", this provides finance companies with a very profitable income stream and is the one area where they make enormous profits. Most Finance Instututions retain at least 70% - 80% of the remaining interest when the car is paid out, this is again on top of the money you've already paid.

You will find all payout penalty wording writen within the small print of the terms and conditions of your car loan contract. Look for 'discount interest rate', 'termination fees' etc, these are examples of payout penalties. It's a legal requirement to have written into the contract terms and conditions any forms of payout penalties.

If you choose not to use Car Loan 4U's premium finance package, ask the broker or finance company you choose this question... "What are the payout penalties or retained interest is if I payout the car"? If they say ZERO, get it in writing!

Car Loan 4U can give you access to finance where you pay absolutely no retained interest and no payout penalties. Car Loan 4U's quotes all have a payout schedule highlighting these benefits.

Request a quote online or give us a call on 1300 242 885 and let us show you how you can benefit from our products.