After being told her car was deemed unrepairable from an recent accident, and being an old car with too much damage, Patrizia started looking into other options to get back on the road.

Being an older model car, the insurance payout, even though it was a write-off, unfortunately, that wasn’t enough for her to finance a brand-new car.

“I was paid the market value of the car and of course that wasn’t enough to even get close to buying a new or even used car (which are incredibly expensive in the current climate). So, knowing that I needed a car asap as I would lose work if I didn’t have a car.”

Alex Bank came into the picture during a search online using a comparison site.

“I went to Canstar and found various finance companies that provide a similar rate and had 5-star review ratings. I actually applied to 2 companies and Alex Bank responded faster and made the online application process a little easier than the other.”

With both the pay-out and the personal loan, Patrizia was able to purchase a 2021 model Kia Rio.

“Getting the loan at a rate and with repayments that I can manage with none of the extra costs and at a fixed rate meant that I was able to find a new car using the loan and pay-out money and I was able to keep my job and not be struggling for the next five years.”

We’re glad we could help get you back on the road. Safe travels, Patrizia!

Alex Bank could help you get more of what you really care about too, find out more.