Financial

Am I getting a good deal?

Everybody buys financial services, but does everybody know whether they are getting a good deal, probably not.

The best way to ensure you are getting a good deal, is to get multiple quotes (two to three) from different providers if you are considering buying a large value or long-term financial services product like a home mortgage, a life insurance product, a term deposit investment, a unit trust investment, a pension annuity or a car loan.

If you are not sure about how to compare the quotes or offers, we suggest that you talk to somebody like an independent investment adviser or a chartered accountant, so that loans are compared on an effective (comparison) rate basis and that investments are compared on an after tax basis, taking into account any entry, exit or administration fees.

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