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With petrol prices at an all time high it’s nice to know that your credit union is driving down the price of fuel.
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Not only can you finance your new car with Big Sky at the low rate of 9.35% p.a., but we’re now offering you even more value with a 10¢ per litre discount off the price of your fuel – at any petrol station!
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Not only can Big Sky help you secure a better deal at the showroom, but you’ll also save at the pump!
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Car Loan of the Year 2005
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As further testament to the value on offer to Big Sky members, Big Sky was recently awarded 'Car Loan of the Year' at the Personal Investor Awards for Excellence in Financial Services 2005.
This independent award is further proof that Big Sky members truly receive 'a different kind of banking'. In this case, not only do you get the excellent service that we deliver, but you also benefit from a product that's been judged as Car Loan of the Year.
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A Comprehensive Solution for your New Car purchase
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At Big Sky we’ve taken the leg work out of your next new car purchase and provided the complete solution. You are entitled to all of the following solutions:
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- 10¢ per litre discount off your fuel at any petrol station.
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- Low interest rate of 9.35% p.a.
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- No application or monthly fee
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- Pre-approval within 24-48 hours.
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In addition to the great car loans on offer, Big Sky members can request a free copy of the very successful booklet "Buying a Car on Your Terms" by completing our feedback form.
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Apply here or call 1300 654 321 to apply over the phone.
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How does it work?
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It’s simple, when your New Car Loan is financed through Big Sky, we’ll send you rebate vouchers. All you need to do is return a completed rebate voucher and your receipts which show the total number of litres you purchased, and at the end of each month we’ll rebate your Big Sky account 10¢ per litre.
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The greater the value of your loan, the more discount fuel you’re entitled to.
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| | Approx. time that you
will receive 10¢
off the price of fuel*
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*Based on 35 litres per week.
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Home Equity vs. New Car Loan
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Consider this comparison of a Home equity loan and a Big Sky New Car loan to finance your new car.
Extending your mortgage through the use of a home equity loan has become a popular way to obtain finance for car purchases, but there are reasons why this option may not be the most effective way to borrow.
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As a general rule of thumb, the term of a loan should not exceed the life of the asset being purchased.
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The advantage of a Big Sky New Car Loan is that funds are repaid within a maximum 7 year term. When using a Home Equity Loan, borrowed funds are added to your existing mortgage loan and the repayment term may be anything up to 30 years (this example uses 15 years). The Home Equity Loan’s lower interest rate may appear to be a more attractive option, but as you can see, a longer repayment term results in a considerably higher interest expense.
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If you are considering borrowing to finance a new car, contact Big Sky to discuss all the options available to you. By making an informed decision you could save yourself thousands of dollars.
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How competitive is Big Sky's New Car Loan?
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This comparative table illustrates just how low Big Sky's New Car Loan rate is compared to other finance providers.
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| | | | | | | | | Personal Loan (unsecured)
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| | | | Personal Loan (fully secured~)
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^ Comparative rate based on loan of $10,000 over 3 years. All rates correct as at 18/7/06
~ Contract of sale on vehicle being purchased is used as security over the loan (National - Contract of Sale, cash equivalent or home equity is sufficient)
Terms and Conditions and normal lending criteria apply. Fees and charges may be payable and are available on application.
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Discover the truth about interest rates. Click here for further information about comparison rates!
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Related information
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Loan Calculators
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Apply for a Loan
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Car Insurance
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Car Buying
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What is a Comparison Rate?
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Loan Calculators
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Terms and Conditions
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20 August 2007
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Applicable for purchases of a New Car with a Big Sky New Car Loan (L59).
1. Big Sky Credit Union Limited (Big Sky) ABN 51 087 651 358 offers the discount to members who have their New Car Loan funded from 1 June 2005. The offer can be retracted at any time. Existing borrowers are not entitled to the rebate.
2. The rebate is $0.10 per litre off the price of the fuel only (petrol, LPG, diesel) and does not include any other purchases. It is calculated using the receipt where the number of litres purchased is evident.
3. The maximum rebate allowed for New Car Loans (L59) funded from 1 June 2005 is as follows: $10,000 - $19,999 (500 litres), $20,000 - $29,999 (600 litres) and $30,000+ (700 litres).
4. Vouchers will be issued after the loan has been funded and these must be fully completed for the rebate to be credited to a Big Sky nominated account. The rebate will be credited to the account at the end of each month and vouchers must be received no later than 3 working days before the end of the month. Otherwise, the rebate will not be actioned until the following month.
5. Vouchers become void if the New Car Loan is repaid prior to the vouchers being used. Unused vouchers have no monetary or surrender value.
6. Big Sky shall, to the full extent permitted by law, not be liable for any loss, damage (including indirect or consequential) or injury (including personal injury) whatsoever suffered as a result of you accepting this offer.
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